Month: April 2022

Reuters reveals Ferrero to stop buying palm oil from Malaysia’s Sime Darby over labour concerns

Reuters exclusively reported Italian confectionary giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation after the United States found the Malaysian planter used forced labour, in a reputational blow for the palm producer and for Malaysia. Labour practices across the Southeast Asian country have come under scrutiny in the past two years, with six […]
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Reuters reveals White House climate adviser Gina McCarthy planning to step down

Reuters exclusively revealed that White House climate adviser Gina McCarthy plans to step down, likely ending a tenure marked by ambitious emissions targets but failure in securing major U.S. carbon-cutting legislation. McCarthy, 67, had planned to stay in the White House for about a year, hoping to help federal agencies implement President Joe Biden’s climate legislation, but […]
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Reuters reveals BlackRock plans first China ETF product this year

Reuters exclusively reported BlackRock plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly. The world’s largest money manager, which thrives on the rise of passive investing with 70% of its $10 trillion global portfolio in ETFs and index funds, will be the […]
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Reuters reveals Russian companies, banks could reap windfall from depositary receipt delisting

Reuters revealed that Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges. The potential windfall is due to the fees that bank issuers of depositary receipts can contractually charge investors when they cancel the product. The fees could potentially […]
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