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International

Aaron Sheldrick

Oil steady near week high as prospect of Iran supply glut wanes

May 24 2021

TOKYO, May 25 Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international crude markets lessoned.

SoftBank CEO slams Games as Japan races to catch up on vaccinations

May 24 2021

TOKYO (Reuters) -Japanese tycoon Masayoshi Son warned of significant dangers around holding the Olympics in Tokyo, where the government on Monday kicked off a mass vaccination drive to catch up with other countries and ensure a "safe and secure" Games.

EOS Hermes says yet to decide on MUFG climate shareholder resolution

May 20 2021

TOKYO (Reuters) -EOS at Federated Hermes has yet to decide if it will back a shareholders' resolution sponsored by activists seeking to push Mitsubishi UFJ Group (MUFG) to align itself with global climate change goals, the asset manager said.

Hermes says yet to decide on MUFG climate shareholder resolution

May 20 2021

TOKYO, May 20 Federated Hermes International has yet to decide if it will back a shareholders' resolution sponsored by activists seeking to push Mitsubishi UFJ Group (MUFG) to align itself with global climate change goals, the asset manager said.

Mitsubishi UFJ pledges net zero emissions in finance portfolio by 2050

May 17 2021

TOKYO Japan's biggest lender, Mitsubishi UFJ Financial Group (MUFG), said it will aim for net zero emissions in its finance portfolio by 2050, responding to pressure to align its business with the targets set in the Paris Agreement on climate change.

Coal industry sees relevance in tech embraced by Paris climate agreement

May 14 2021

TOKYO The coal industry is betting it can survive the decarbonization of electricity and industry and keep fossil fuels in the mix by leaning on carbon-capture technology, the head of the World Coal Association told Reuters.

Investors chide Toyota's Toyoda for questioning combustion car ban

May 10 2021

TOKYO Some Toyota Motor shareholders have criticized its President Akio Toyoda for questioning Japan's plans to ban conventional cars only days after the firm said it was reviewing its climate lobbying and aimed for carbon neutrality by 2050.

UPDATE 2-Oil gains after cyberattack forces shutdown of crucial U.S. pipelines

May 10 2021

* Colonial Pipeline system map: https://tmsnrt.rs/33upZXs (Adds comment, updates prices)

Oil rises 1% after cyber attack forces closure of U.S. fuel 'jugular' pipeline

May 09 2021

TOKYO, May 10 Crude prices climbed more than 1% on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure.

NGOs call on ADB to end fossil fuel loans amid climate reboot

May 02 2021

TOKYO A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans to the fossil-fuels sector, as the international lender holds its annual meeting this week with a focus on a green economic recovery.

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