PRESS DIGEST-Financial Times - March 2

The following are the top stories in the Financial Times. Headlines Greensill left scrambling after Credit Suisse suspends $10 bln in funds https://on.ft.com/2NRZ0kv Drax to seek approval for 'negative emissions' energy project https://on.ft.com/3sCrkGg Sunak to arm City of London for fightback with listings shake-up https://on.ft.com/2PrqJJh Overview The asset management arm of Credit Suisse Group AG said it has frozen $10 billion of funds linked to Greensill Capital, leaving the future of the finance group advised by former UK prime minister David Cameron hanging in balance.

Reuters | Updated: 02-03-2021 06:21 IST | Created: 02-03-2021 06:21 IST
PRESS DIGEST-Financial Times - March 2

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

Greensill left scrambling after Credit Suisse suspends $10 bln in funds https://on.ft.com/2NRZ0kv Drax to seek approval for 'negative emissions' energy project https://on.ft.com/3sCrkGg

Sunak to arm City of London for fightback with listings shake-up https://on.ft.com/2PrqJJh Overview

The asset management arm of Credit Suisse Group AG said it has frozen $10 billion of funds linked to Greensill Capital, leaving the future of the finance group advised by former UK prime minister David Cameron hanging in balance. Drax Group Plc will apply to install "negative emissions" technology at its main site in North Yorkshire after reversing a decision to build Europe's biggest gas-fired power plant in the area.

British finance minister Rishi Sunak will use his budget to launch a post-Brexit fightback by the City of London, setting in train new rules to help it compete with centres like New York, Amsterdam and Frankfurt in attracting fast-growth companies. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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