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Sharp exchanges highlight BP fears of climate legal risks

Bloomberg After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. CEO Bob Dudley raised the topic of class-action lawsuits twice during the company’s annual general meeting in Manchester, England, saying he wouldn’t disclose certain climate targets, or even answer some questions from ...

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Swiss factories get a franc warning

Bloomberg Just as Switzerland’s factories come roaring back, the rallying franc is a reminder of how the currency has the potential to pull the rug from under them. Industrial production is rising at the fastest pace since before the financial crisis and companies such as Schurter, a maker of electrical components, are seeing sales surge. Gross domestic product figures this ...

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Brazil pension fund turns into a $50 billion activist

Bloomberg When BRF SA, the Brazilian food giant that produces everything from chicken to chocolate pies, reported a record annual loss for 2017, it took less than 48 hours for its second-largest shareholder to act. Previ, Brazil’s biggest pension fund, sent a letter in February demanding BRF Chairman Abilio Diniz convene a shareholder meeting to remove the entire board, including ...

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