divestment

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Trump Looks to Force Sale, and Microsoft May Be Buying

App says it wouldn't pass user data to Chinese government

(Newser) - President Trump is looking at ordering the sale of the US portion of TikTok, and Microsoft appears ready to step into the void. "We may be banning TikTok," Trump said Friday, the Wall Street Journal reports. A deal with Microsoft would bring Bytedance, the app's Chinese owner,...

Mnuchin on Greta's Fossil Fuels Comment: Go to College

Treasury secretary takes a jab at Swedish climate activist at Davos

(Newser) - The person from the Trump administration usually criticizing Greta Thunberg is President Trump himself . On Thursday at the World Economic Forum in Davos, Switzerland, however, Treasury Secretary Steven Mnuchin decided to get in on the action with a jab against the 17-year-old Swedish climate activist. The talk had turned to...

Inside NYC's Billions-Dollar Salvo Against Oil

Says it'll divest $5B from its pension funds, and wants billions more from 5 key players

(Newser) - New York City is putting its money where its mouth is in a fight against "greed"-driven fossil fuel companies. In a move that the New York Times describes as designed to give Mayor Bill de Blasio chops as a climate-change leader (and one made in front of a...

Presbyterians Divest From 3 Big Companies Over Israel

Church says H-P, Motorola, Caterpillar help build settlements

(Newser) - The biggest Presbyterian denomination in the US made headlines last night by voting to divest from three big companies it says help Israel oppress Palestinians, reports Religion News Service . Presbyterian Church USA will sell its stock in Caterpillar, Hewlett-Packard, and Motorola Solutions because it says Israel uses their products in...

Weak Dollar Scaring Off Foreign Funds
Weak Dollar Scaring Off Foreign Funds
ANALYSIS
Jul 17, 2008 4:18 PM CDT

Weak Dollar Scaring Off Foreign Funds

US policy has big China, Gulf spenders looking to divest

(Newser) - With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring...

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