Finance

Implementing Environmental Treaties Through Green Finance Taxonomies

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An address to the Ninth Annual Cambridge International Law (CILJ) Conference in April 2020, in Panel 12: Addressing Environmental Risk through International Trade and Investment, by Grégoire Lunven de Chanrond, Ph.D. Candidate in Laws, Chinese University of Hong Kong. The Cambridge International Law Journal 9th Annual Cambridge International Law Conference on the theme of ‘International … Read more Implementing Environmental Treaties Through Green Finance Taxonomies

Australian dollar rises pinned by hopes of V-shaped economic recovery | Finance Report

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Australian markets shrugged off news of the recession, with strong gains by shares and currency. Alan Kohler has today’s finance report. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 You … Read more Australian dollar rises pinned by hopes of V-shaped economic recovery | Finance Report

Meet The Index That Could Replace LIBOR

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Troubles with LIBOR have kickstarted a massive project to transition to a new benchmark interest rate for financial markets. On the second episode of our series, we speak with Joe Abate, money market strategist at Barclays, about the proposed replacement known as the Secured Overnight Financing Rate, or SOFR. How is it different to LIBOR … Read more Meet The Index That Could Replace LIBOR

Coronavirus: what is happening to the UK furlough scheme?

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Chancellor Rishi Sunak has extended the UK government’s Job Retention Scheme and will also boost financial help for the self-employed — a support package that could cost nearly £100bn in total. However, there are conditions attached to his largesse. Join our live Q&A with the FT’s personal finance editor Claer Barrett and executive news editor … Read more Coronavirus: what is happening to the UK furlough scheme?

French economy to shrink by 11% in 2020, government warns

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The French Finance Minister Bruno Le Maire has warned that the economy will shrink by 11 percent this year. The new forecast shows a deeper slump in 2020 than the government had previously been expecting. Meanwhile, France’s Labour Minister Muriel Pénicaud has said she expects unemployment to jump in the coming months, as some businesses … Read more French economy to shrink by 11% in 2020, government warns

French economy to shrink record 11% this year after ‘brutal’ coronavirus shock

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The French economy is expected to shrink a record 11 percent this year because of the coronavirus crisis, which is worse than the government’s previous forecast of an 8 percent contraction, Finance Minister Bruno Le Maire said Tuesday. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN … Read more French economy to shrink record 11% this year after ‘brutal’ coronavirus shock

Dollar surges off iron-ore exports as RBA strikes optimistic note | Finance Report

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The Australian dollar surged over 68 cents on the back of strong iron-ore prices, and the Reserve Bank struck an optimistic tone during its board meeting, saying the downturn looks less severe than expected. Read more here: https://www.abc.net.au/news/2020-06-02/australia-dollar-surge-asx-wall-street-us-china-tension/12310220?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: … Read more Dollar surges off iron-ore exports as RBA strikes optimistic note | Finance Report

Housing market stays firm, as Australian dollar jumps | Finance Report

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Property prices fell in most capital cities in May, but it’s not cause for concern… yet. With unemployment rising and immigration falling, there are landmines out there, but low interest rates are sparing home owners a lot of pain. Meanwhile, the Australian Dollar rose to its highest mark since February. Read more here: https://www.abc.net.au/news/2020-06-01/asx-drops-qantas-accc-investigation-competition/12306688?section=business For … Read more Housing market stays firm, as Australian dollar jumps | Finance Report

Who Really Benefits From U.S. Dollar Dominance | Yakov Feygin

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When people talk about the dominance of the U.S. dollar in global commerce, they often refer to it as a unique privilege of the Unied States that its currency is the world’s safe haven. But it’s not so clear who really benefits from the unique role played by the greenback. For one thing, there are … Read more Who Really Benefits From U.S. Dollar Dominance | Yakov Feygin

LIVE AT 2PM: Trump holds news conference

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President Trump is set to outline measures against China on Friday, as the political fallout over the novel coronavirus spurs a broader power struggle between Beijing and Washington on trade, finance and the fate of Hong Kong. Read more: https://wapo.st/36G1gQV. SPECIAL OFFER: To thank you for your support, here’s a deal on a Washington Post … Read more LIVE AT 2PM: Trump holds news conference

Investors spooked by rising US-China tensions over Hong Kong | Finance Report

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The Australian share market has fallen sharply amid a ramp up in US-China tensions after the Chinese parliament, the National People’s Congress, passed a national security law to crack down on political freedoms in Hong Kong. Read more here: https://www.abc.net.au/news/2020-05-29/dow-jones-retreats-amid-rising-us-china-tensions/12299220?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content … Read more Investors spooked by rising US-China tensions over Hong Kong | Finance Report

Financing for Development in the Era of COVID-19 and Beyond

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The High-level Meeting was organized to tackle critical finance issue and address economic devastation caused by COVID-19. The Prime Ministers of Canada and Jamaica and UN Secretary-General António Guterres convened this special high-level meeting to advance concrete solutions to the development emergency caused by the COVID-19 pandemic. Programme: https://go.aws/2ZKVuvF Website: https://www.un.org/en/coronavirus/financing-development

‘We need to respond with unity & solidarity. A key aspect of solidarity: financial support’-UN Chief

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Opening remarks by António Guterres, Secretary-General of the United Nations on the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. “(…) Today, we are asking for immediate, collective action in six critically important areas. First, global liquidity. A rush to safety has triggered an outflow of capital from some key … Read more ‘We need to respond with unity & solidarity. A key aspect of solidarity: financial support’-UN Chief

European football weighs cost of Covid-19 pandemic

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Europe’s football clubs suspended matches and training as the coronavirus spread across the continent – now, they are weighing the financial implications of their forced time out. Analysts say ending the season early could cost top clubs over €4 billion. Kieran Maguire, football finance lecturer at the University of Liverpool, tells us how the crisis could change … Read more European football weighs cost of Covid-19 pandemic

Rally for major bank stocks leads Australian shares higher | Finance Report

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Surging bank stocks boosted the Australian share market, following similar moves on Wall Street overnight, but the benchmark index closed off the highs of the session. Read more here: https://www.abc.net.au/news/2020-05-28/big-banks-rally-leading-gains-on-asx-insurances-claims-top-$5b/12294786?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go … Read more Rally for major bank stocks leads Australian shares higher | Finance Report