The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]
Sweden’s central bank has ended a five-year experiment of keeping its benchmark interest rate below zero, a policy that other countries have also adopted to try to improve economic growth. The country’s central bank, called the Riksbank, said Thursday it had decided to raise its benchmark interest rate to zero from -0.25 per cent, where […]
Pension plan spends $177 million on shopping mall.