Norwegian oil fund mulls dumping companies with excessive emissions
The ethics watchdog for the $900bn Norwegian oil fund is set to recommend that firms guilty of excessive greenhouse gas emissions, especially in industries including oil, cement and steel, be either excluded from its portfolio or put on a watchlist. (Independent)

Allianz names new chairman
Allianz said on Thursday that Michael Diekmann, its former chief executive, will succeed current chairman Helmut Perlet, who is not eligible for reelection, given his age. The German financial services firm added that Giulio Terzario, a 19-year-old Allianz veteran, will take over from longstanding finance chief Dieter Wemmer, who is retiring. (FT)