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  • President Biden declares Turkey's killings a "genocide" (Reuters)

    A copy of the statement by U.S. President Joe Biden declaring Turkey's killings of ethnic Armenians in the early 20th century a 'genocide' is seen in Washington, U.S., April 24, 2021. REUTERS/Don Pessin

  • Climate action 'bringing our countries closer together' -Biden

    U.S. President Joe Biden called on nations to work together on the transition to clean energy on Friday, the second and final day of a climate summit he is hosting that seeks to rally world ambition to reduce global warming. Biden called the meeting with dozens of heads of state to declare the United States back at the climate leadership table after his predecessor, former President Donald Trump, withdrew from the Paris Agreement to cut greenhouse gas emissions. Biden also said he was "heartened" by a call by Russian President Vladimir Putin on Thursday for the world to collaborate on advanced carbon dioxide removal and that the United States looked forward to working with Russia and other countries on the technology.

  • BoE says no changes made to CCFF scheme after Greensill contacts

    LONDON (Reuters) - The Bank of England published details of communications between former prime minister David Cameron and officials at the central bank relating to failed finance firm Greensill Capital which Cameron served as an adviser. Cameron had contacts with the BoE in March and April of last year and secured calls with Greensill founder Lex Greensill and the central bank, but the BoE said the firm was ineligible for the Covid Corporate Financing Facility. The BoE and the Treasury also later spoke to Greensill about possible changes to the CCFF. "No changes were made to the CCFF scheme as a consequence of this exercise," the BoE said. (Writing by William Schomberg, editing by Andy Bruce)

  • UK watchdog ups pressure for more Black staff in financial firms. By Huw Jones

    LONDON (Reuters) - Britain's financial watchdog said on Thursday it was examining how it could use its powers to boost the number of Black employees in financial firms, particularly at senior levels. The racism that many Black people face in the workplace is not overt, but subtle and insidious, and it adds obstacles for Black people to succeed, said Sheldon Mills, the Financial Conduct Authority's executive director for consumers and competition. Only 10 of 297 chairs, chief executives or finance chiefs of large-capitalized British companies listed on the FTSE 100 stock index come from ethnic minority backgrounds, and none of them is Black, for the first time in six years, he said. Fewer than 1% of investment managers are Black and, between 2009 and 2019, only 38 Black entrepreneurs received venture capital funding, he said, with just 0.24% of the total sum invested going towards them. Black women entrepreneurs received just 0.02% of the total venture capital invested, he said. "We want to see improvements within firms, and we are considering how to best use our powers," Mills said in a speech on Thursday. "That includes looking to our supervisory toolbox, and whether the diversity of management teams could be part of considerations for senior manager applications." The FCA has already said it is exploring how listings rules could help improve diversity and inclusion. Mills said the watchdog was also considering whether the firms it regulates should comply or explain a lack of diversity at senior levels. "As a Black man, I have experienced racism and been impacted by the lack of availability of opportunity and resulting outcomes that many Black people face in the UK," Mills said. "It’s clear that there are benefits to greater diversity, and Black inclusion is very much an important part of that." (Reporting by Huw Jones; Editing by Bernadette Baum)

  • Weekly investing overview, 12 - 16 April 2021

    Apr16Fri $800B value: MS, RIGD) BK, STT, Pnc, WillSe) ksu, cfg, ally, svst. tryg. alrs. five. eh, goertek) scb) hanaF) asymchem) carcy) caihong) tongkun) eddie) chihong) shoo prk blx adx fbms -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM Apr15Thu $2,500B value: TSM)! BAC,! C, BLK, SCHW, DAL, Unh, Ppg' Pep, Lrlcy. Usb, Tfc, Cvac. Wit, Jbht' Pub. chr. aa' largan) ronsheng) erdos) ganLee) tpk. gvc. roo. vacn. fdj. wal' cbsh has. rad, qiAn) shennan) mindtree) tbea) homb, boq) banf' wabc' dsky. afmd pavm oxb. lake kuke vnce krkr kspn cntg uk -TIMING KEY: )Asia .Eu ,UsAM ‘UsPM Apr14Wed $1,000B value: JPM,! GS, WFC, INFY) Tsco. Bbby, frc, shhiLinHh) riyadBk. sjr' aci' ezj. magn. hle. rykky) amkyf) mpi. ghg' love, hof,t agx bcml dtea klxe tom2. pfc. rwa. -TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM Apr13Tue $700B value: LVMH Fast, Givn. Tkwy. Jd. QtNBk. boeT) hengliP) tongwei) cpi. plus. shandongLT) baosight) cnGrWaSec) dmp. huaxiSec) ogi, ccf pcyo krus -TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM Apr12Mon $250B value: TCS) apha, can, nlmk. galp. slp' ormp seac -TIMING KEY: )Asia .EuAM ,UsAM ‘UsPM -RANK: by MktCap x%EarningsVolatility x%ForwardPE x%Turnover x%M&AGeoPolRisk~ -Use www.Twitter.com/CFAMBAiBk to click on symbol: see co name, main news

  • Slain U.S. Capitol Police officer William Evans is honored at the U.S. Capitol in Washington

    National Guard troops pay their respects to the late U.S. Capitol Police officer William "Billy" Evans during a memorial service as Evans lies in honor in the Rotunda at the U.S. Capitol in Washington, DC, U.S. April 13, 2021. Drew Angerer/Pool via REUTERS

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