October, 2021

• 19 October

  How to cut emissions faster in climate fight

  Executives from Barclays Plc, BlackRock Inc, JPMorgan Chase & Co and other big names in finance will gather with hundreds of investors at a UK summit on October 19 to extol the virtues of green investment and fighting climate change. But how many of these leaders are directly and personally invested in cutting emissions or cleaning up portfolios through their ...

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• 19 October

  India, China deadlocked over troops in key Himalayan area

  

  Bloomberg Chinese and Indian military commanders are deadlocked over the best way to pull back troops from a strategic area in the Himalayas, people familiar with the discussions said, raising the prospect for another tense winter along the border. China insisted last week that India pull back thousands of reserve troops and weaponry it brought to the border last year, ...

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• 19 October

  China says ‘hypersonic’ object put into orbit was space vehicle

  

  Bloomberg China said the mystery object launched into space earlier this year was a reusable space vehicle, describing a more innocuous incident than a report over the weekend that Beijing sent a hypersonic missile into orbit. Chinese Foreign Ministry spokesman Zhao Lijian said at a regular news briefing on Monday that the test had “great significance for reducing the cost” ...

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• 19 October

  Myanmar junta chief blasts Asean for exclusion

  

  Bloomberg Myanmar junta leader Min Aung Hlaing blasted other Southeast Asian countries for demanding that his military end worsening violence at home, after he was excluded from a big ticket regional summit later this month over civil strife. Allies of ousted civilian leader Aung San Suu Kyi were driving the repeated calls, the coup leader said on state-broadcaster MRTV on ...

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• 19 October

  Hungarian primaries send conservative shock winner against Viktor Orban

  

  Bloomberg A conservative mayor will lead Hungary’s united opposition against Prime Minister Viktor Orban in the most fiercely contested election in more than a decade. Peter Marki-Zay dominated the six-party alliance’s primary runoff, defeating Klara Dobrev, a European Parliament vice president and the candidate of DK, the biggest opposition party. The victory gives him a chance to take on the ...

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• 19 October

  Malaysia to hold Malacca state polls next month

  Bloomberg Malaysia will hold its first state-wide snap election under Prime Minister Ismail Sabri Yaakob’s leadership on November 20, according to the Election Commission. Nomination day for the Malacca state polls is set for November 8, while early voting will be held on November 16, the commission said on Monday. The polls set the stage for Ismail’s first popularity test ...

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• 19 October

  Goldman says China won’t cut reserve requirement ratio

  

  Bloomberg Goldman Sachs Group Inc economists say they no longer expect China to cut the amount of cash banks must hold in reserve this year after the central bank pledged to keep overall liquidity conditions relatively stable. The probability of a cut in the reserve requirement ratio is lowered, and the People’s Bank of China (PBOC) might rely on open ...

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• 19 October

  ECB urges to map climate risk in trading, loan books

  

  Bloomberg The European Central Bank (ECB) said lenders in the region will have to estimate the risk they could face from climate change in both their lending and trading operations when they undergo a stress test next year. Banks will have to predict how their balance sheets will evolve over 30 years as well as any related losses they could ...

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• 19 October

  Traders ramp up UK’s rate-hike bets on Bailey inflation warning

  

  Bloomberg UK traders ramped up bets on higher interest rates after a hawkish signal from Bank of England (BOE) Governor Andrew Bailey, putting two-year yields on course for the biggest increase in more than six years. Bailey said the central bank will “have to act” to curb inflationary forces and warned that higher energy costs mean price pressures will linger. ...

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• 19 October

  BofA’s charity project just got bigger by $21million

  

  Bloomberg Bank of America (BofA) Corp’s largest philanthropic initiative is reaching into new neighbourhoods with programs dedicated to community building and leadership training. The company gave another $22.1 million to its Neighborhood Builders and Champions programs that support nonprofits, according to a statement. Since 2004, the bank has invested more than $285 million through the programs, which have served 92 ...

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