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Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?

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LONDON (Reuters) – After years of using the internet, satellites, algos and other innovations to mine ‘Big Data’ for that edge over rivals, the world’s biggest investment firm is trialing a gizmo that puts the focus back on humans — its own portfolio managers. FILE PHOTO: A sign for BlackRock Inc hangs above their building Read More

China needs nearly $440 billion to clean up rural environment: report

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A woman rides a scooter past a steel plant in Anyang, Henan province, China, February 18, 2019. Picture taken February 18, 2019. REUTERS/Thomas Peter SHANGHAI (Reuters) – China will need to spend 3 trillion yuan ($440 billion) over three years to improve village sanitation and clean up its heavily polluted rural environment, the official People’s Read More

Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?

2 days ago DieselGasoil Comments Off on Lords of the Ring: Can ‘smart’ ring give BlackRock fund managers the edge?
LONDON (Reuters) – After years of using the internet, satellites, algos and other innovations to mine ‘Big Data’ for that edge over rivals, the world’s biggest investment firm is trialing a gizmo that puts the focus back on humans — its own portfolio managers. FILE PHOTO: A sign for BlackRock Inc hangs above their building Read More

‘Not part of the deal’: Turks say US can’t exclude them from F-35 program

2 days ago DieselGasoil Comments Off on ‘Not part of the deal’: Turks say US can’t exclude them from F-35 program
The United States cannot force Turkey out of the F-35 fighter jet program without the consent of other parties, as this is prohibited by the program agreement, Turkey’s head of defense industries has warned. The F-35 arrangement between nine states, including the US and Turkey, does not allow a single party to remove another from Read More

Large Exxon shareholder starts divesting over climate change

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By Kelly Gilblom and William Mathis on 6/21/2019 LONDON (Bloomberg) — One of Exxon Mobil‘s largest shareholders, Legal & General Group, has divested 19 of its funds from the company and will ask its clients if it can withdraw more money, saying the oil and gas producer isn’t adequately addressing climate change. Exxon is the Read More

China could build 30 Silk Road nuclear reactors by 2030

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Beijing needs to take full advantage of the opportunities provided by the Belt and Road Initiative (BRI) and give more financial and policy support to its nuclear sector, senior Chinese industry official Wang Shoujun said. “Going with nuclear power has already become a state strategy, and nuclear exports will help optimize our export trade and Read More

Southeast Asian nations, among worst ocean polluters, aim to curb plastic debris

3 days ago DieselGasoil Comments Off on Southeast Asian nations, among worst ocean polluters, aim to curb plastic debris
BANGKOK (Reuters) – Thai zero-waste advocate Thanaboon Somboon never leaves his home without what he calls a full “weaponry” of reusable shopping bags, coffee tumblers and stainless steel straws for his daily battle against single-use plastic. FILE PHOTO: A plastic bottle washed up by the sea is seen at the Ao Phrao Beach, on the Read More

Investor LGIM dumps ExxonMobil from its Future World funds

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LONDON (Reuters) – Britain’s biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World Funds, and said it would vote against their chairs for failing to confront the threats posed by climate change. FILE PHOTO: Workers are seen at the booth of ExxonMobil in preparation ahead Read More

Trump administration readying final review of new vehicle fuel economy rules

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WASHINGTON (Reuters) – Trump administration officials defended their controversial proposal to freeze fuel efficiency requirements at 2020 levels at a congressional hearing on Thursday and said the proposal would be submitted to the White House for final review in the coming weeks. FILE PHOTO: U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler testifies before a Read More