BlackRock quarterly profit jumps as assets rise over $9 trillion
(Reuters) – BlackRock Inc, the world’s largest asset manager, reported a 16% jump in first-quarter profit on Thursday as investors poured more money into its diverse funds and fee revenue jumped. The company’s net income rose to $1.2 billion, or $7.77 per share, in the three months ended March 31, from $1.03 billion, or $6.60 […]
Big business seeks unified, market-based approaches ahead of climate summit
(Reuters) – Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions.
China has a grand carbon neutrality target but where is the plan?
China’s new long-term targets, to reach peak emissions before 2030 and achieve carbon neutrality by 2060, are yet to be matched with a consistent short-term action plan.
A $9 million boss? UniCredit investors to decide how much Orcel is worth
MILAN (Reuters) – Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay.
Word up! Scrabble marks UK lockdown easing with light show
LONDON (Reuters) – Some of Britain’s favourite words were projected onto buildings around London to mark the easing of lockdown restrictions and National Scrabble Day on Tuesday. Words like “freedom”, “hope”, “family” and “beer” to represent the mood of the nation were beamed in the style of the game’s letter tiles onto a pub, shops […]
Oil maintains upward momentum but virus concerns cap gains
SINGAPORE (Reuters) -Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies.
Buying diamonds in lockdown? WhatsApp can be your best friend
MILAN (Reuters) – As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service WhatsApp to sell a 300,000 euro diamond ring to a wealthy Swiss client.
Coinbase listing marks latest step in crypto’s march to the mainstream
LONDON (Reuters) – Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.
Latin America and the Caribbean after Covid-19
Latin America and the Caribbean suffered from several regional preconditions in advance of the Covid-19 crisis, including weak health infrastructure, low growth, and inefficient taxation. Now the pandemic threatens to leave the region with even higher poverty levels, greater inequality, and debts across virtually all countries.
Polish watchdog says eyeing legal steps over PKN Orlen newspaper deal
WARSAW (Reuters) – Polish antitrust regulator UOKiK said on Tuesday it was examining further legal steps after a court suspended its approval of state-owned refiner PKN Orlen’s takeover of newspaper publisher Polska Press. The planned takeover has been criticised by opposition political parties, which say it is part of a wider effort by the ruling […]
