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China on Friday launched its first private pension scheme in 36 cities as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks to buy pension products ranging from deposits to mutual funds. The move marked the official launch of China's version of IRA, or Individual Retirement Accounts in the United States, a private pension scheme that offers tax advantages for individuals saving for retirement. As part of the new system, local domestic workers covered by China's public pension insurance can participate in the private pension scheme and contribute up to 12,000 yuan ($1,680) per year to their individual accounts and receive tax benefits. Eddy Wong, chief executive of China International Fund Management (CIFM), a joint venture between JPMorgan and Shanghai International Trust Co., said China's individual pension market has "huge potential and room for development". "The first movers in China's pension market enjoy an advantage," said Howhow Zhang, Greater China wealth and asset management strategy and transactions leader at consultancy EY.

The Amazon Fund, started under leftist Lula's first administration from 2003-2010, bankrolled conservation projects and counts Norway and Germany as its biggest donors. Right-wing President Jair Bolsonaro froze the fund, citing unspecified spending irregularities among fund-backed projects run by nongovernmental organizations, without providing evidence. The British embassy said its government was studying the invitation to join the Amazon Fund. Izabella Teixeira, Lula's former environment minister and current climate change adviser, told Reuters she had met with Norwegian and German officials on Monday about restarting the fund. Deforestation soared to a 15-year high under Bolsonaro, who called for more farming and mining in the Amazon region.

☆ Zelenskyy vows to help feed Africa and boost global food security with Grain from Ukraine scheme
▼ + stars: | 2022-11-26 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

President Volodymyr Zelenskyy promised to help feed Africa's poorest countries with grain. The Ukrainian scheme is being organized by government entities, NGOs, and companies. The Ukrainian president announced the launch of a new scheme on the anniversary of his country's Holodomor famine, when millions of Ukrainians starved to death in 1932-33. The Grain from Ukraine scheme is being organized by government entities, NGOs, and companies. An UN-brokered grain export deal was extended last week, but Ukraine blamed Russia for taking too long to inspect the vessels.

☆ Singapore's inflation may have eased slightly, but central bank warns pain likely to linger
▼ + stars: | 2022-11-25 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Singapore's economy is likely to face persistent pain from global financial concerns, even though the country's core inflation eased somewhat in October. "Amid weakening external demand, the Singapore economy is projected to slow to a below-trend pace in 2023," the central bank said in its latest Financial Stability Review report. "Inflation is expected to remain elevated, underpinned by a strong labour market and continued pass-through from high imported inflation." Warning of contagion risk from global markets, the central bank said the nation's corporate, household, and financial sectors should "stay vigilant" amid the macroeconomic challenges that lie ahead. While still at 14-year highs, Singapore's core consumer price index rose 5.1% for the month compared with a year ago, slightly lower than 5.3% in September.

☆ Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35%
▼ + stars: | 2022-11-09 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 9 (Reuters) - Ukrainian economy minister Yulia Svyrydenko said Russia’s destruction of civilian infrastructure in recent weeks was expected to result in a 39% contraction of gross domestic product in 2022, down from an earlier forecast of a 35% drop. Asked about recent comments from Republican leaders in Congress suggesting they would curtail U.S. aid to Ukraine, Svyrydenko said Ukraine's fight against Russia was an existential one, and that the entire world order would change if it lost. She said Ukraine is also seeking a yearlong extension of the suspension of U.S. steel tariffs to help Ukrainian steelmakers, which have been hit hard by Russian missile attacks. Svyrydenko said she discussed the issue with U.S. Trade Representative Katherine Tai during a meeting in Washington earlier on Wednesday. She also met on Tuesday with U.S. Commerce Secretary Gina Raimondo, who pledged continued strong support for Ukraine, including efforts by the U.S. government and private sector to help rebuild Ukraine's civilian infrastructure.

☆ Australia's Westpac to tap U.S. dollar bond market - term sheet
▼ + stars: | 2022-11-09 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +1 min

SYDNEY, Nov 9 (Reuters) - Australia's Westpac Banking Corp (WBC.AX) has mandated banks to work on two- and five-year U.S. dollar bond issuances, according to a term sheet reviewed by Reuters. Westpac raised A$2.8 billion ($1.82 billion) in an Australian-dollar-denominated bond on Monday, domestic media said. The bank plans to issue in U.S. dollars a two-year fixed rate bond, a two-year floating rate note, and a five-year fixed rate transaction, the term sheet showed. The final pricing is due to be set later in the New York trading session on Wednesday, subject to market conditions, according to the term sheet. Westpac planned to use the U.S. dollar proceeds from the bonds for general corporate purposes, the term sheet showed.

☆ UN IFAD Goodwill Ambassador Sabrina Dhowre Elba on COP27: ‘I'm ready to see action’
▼ + stars: | 2022-11-07 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUN IFAD Goodwill Ambassador Sabrina Dhowre Elba on COP27: ‘I'm ready to see action’UN Goodwill Ambassador for the International Fund for Agricultural Development (IFAD), Sabrina Dhowre Elba, joined Tania Bryer on CNBC's Sustainable Future Forum. The model and activist said she has been frustrated by the lack of action to help rural areas who are dealing with the devastating effects of climate change.

☆ What to watch on Monday at COP27
▼ + stars: | 2022-11-07 | by ( Hugo Dixon | ) www.reuters.com time to read: +2 min

But their messages will likely differ a lot on key points, and their soaring rhetoric will at times clash with performances that have lagged past promises. U.S. President Joe Biden will arrive next week, as will newly elected Brazilian President Luiz Inacio Lula da Silva. Chinese President Xi Jinping is not scheduled to attend COP27, but he will have an envoy at the conference. Other things to watch will include a World Trade Organization report expected Monday about the role of trade policy in climate change, and some expected announcements about forests as climate sinks. Reporting by Valerie Volcovici; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: COP27: What is 'Loss and Damage' compensation, and who should pay?
▼ + stars: | 2022-11-06 | by ( Kate Abnett | ) www.reuters.com time to read: +5 min

That has intensified developing country demands for a special "Loss and Damage" fund. But with rich countries resisting such calls, the issue has been stalled for years. Loss and damage funding would be different, in compensating costs that countries can't avoid or "adapt" to. Vulnerable countries and campaigners have argued that rich countries that caused the bulk of climate change with their historical emissions should now pay. Meanwhile, climate-vulnerable countries are seeking contributions for a pilot loss and damage funding facility.

☆ Kenya deploys troops to Congo to help end decades of bloodshed
▼ + stars: | 2022-11-02 | by ( Edwin Waita | ) www.reuters.com time to read: +2 min

REUTERS/Thomas MukoyaNAIROBI, Nov 2 (Reuters) - Kenya's President William Ruto on Wednesday officially deployed troops to eastern Democratic Republic of Congo to join an East African regional force aiming to end decades of bloodshed. The seven countries of the East African Community (EAC), which Congo joined this year, agreed in April to set up a joint force to fight militia groups in Congo's east. Despite billions of dollars spent on one of the United Nation's largest peacekeeping forces, more than 120 armed groups continue to operate across large swathes of east Congo, including the M23 rebels, which Congo has repeatedly accused Rwanda of supporting. Uganda has already sent troops into Congo as part of separate deployment to chase down an Islamic State-linked armed militants, one of the warring groups in eastern Congo. "We have been working very hard to mobilise the international community to support the east African force," Kenya's defence minister Aden Duale said at the event.

"Brazil is ready to retake its leadership in the fight against the climate crisis," Lula told a crowd of supporters in Sao Paulo. Silva said that Brazil would demand rich countries provide financing to poor countries to respond to climate change and give compensation for permanent "loss and damage" from climate change. Under Lula, Brazil will also discuss expanding its national targets for cutting climate-related emissions, said Silva, his former environment minister from 2003 to 2008. The firm, with roughly 237 billion euros ($234 billion) in assets under management, only owned about 100 million euros in Brazilian sovereign bonds when the prohibition took effect. Environmental advocates also cheered Lula's proposals for the Amazon, but cautioned that his agenda would face enormous political resistance.

☆ Brazil's top court set to rule in favor of Amazon Fund revival
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Oct 27 (Reuters) - Brazil's Supreme Court is set to demand that the government reactivate a billion-dollar international fund aimed at protecting the Amazon rainforest as the nation faces rampant deforestation, according to a court statement on Thursday. A majority of the top court's justices decided that the government must take steps within 60 days to reactivate the Amazon Fund, frozen in 2019 when the President Jair Bolsonaro's administration decided to change its governance structure. Norway paid $1.2 billion into the fund between 2008 and 2018, resources that were intended to finance sustainability projects and help reduce deforestation in the world's largest rainforest. The fund was frozen after Bolsonaro took office in 2019 and weakened environmental protection measures in the Amazon, arguing that commercial farming and mining were needed in the region to reduce poverty. Reporting by Maria Carolina Marcello; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Tech stocks are tumbling but one fund manager still loves Microsoft. Here’s why
▼ + stars: | 2022-10-28 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Tech stocks have tumbled this week, as investor optimism fades following disappointing results from some of the sector's biggest names. Despite the gloomy outlook for the sector, fund manager Brian Arcese is still bullish on selected stocks within the sector — including Microsoft. The portfolio manager at Foord Asset Management co-manages the Foord International Fund and the Foord Global Equity Fund. Read more These 'all-weather' stocks can protect your portfolio in a recession: Outperforming fund manager Stocks and bonds are struggling. The Foord Global Equity fund has fared less well, although did manage to just outperform the market this year, down 23.3% as of the end for September, the fund's latest factsheet showed.

☆ These 'all-weather' stocks can protect your portfolio in a recession, says outperforming fund manager
▼ + stars: | 2022-10-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Fund manager Brian Arcese also believes the U.S. is headed for a recession — albeit one that is milder than the devastating global financial crisis of 2008. Investors who want to be "recession proof" should have a balanced portfolio, he added. "A balanced portfolio is one that is practical and designed to be all-weather," said the portfolio manager at Foord Asset Management, who co-manages the Foord International Fund and the Foord Global Equity Fund. He likens his strategy to a barbell approach of growth-oriented names and value stocks, as well as stocks that fall in between the growth and value spectrum. The fund is down 5.8% as at end-September — beating the global stock market, which declined 25.2%, according to the fund's commentary.

☆ Big cat cubs rescued from Ukraine reach Poland
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

WARSAW, Oct 27 (Reuters) - Four lion cubs and a black leopard cub from war-torn Ukraine have found safety in a Polish zoo, the International Fund for Animal Welfare (IFAW) said, after surviving drone attacks and bombing in the first few months of their lives. The cubs were transferred to animal rescue organisations in Kyiv and Odessa after a crackdown on the exotic pet trade in Ukraine, and are now in Poznan zoo in western Poland awaiting onward travel. IFAW said it had partnered with a sanctuary in the United States and one in Europe to care for the cubs, who were bred in captivity and cannot be released into the wild. The Wildcat Sanctuary (TWS) in the United States will take care of the lion cubs. Reporting by Lewis Macdonald, writing by Alan Charlish; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ CNBC Pro Talks: Portfolio manager Brian Arcese to discuss top stock picks, inflation hedges and more
▼ + stars: | 2022-10-17 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Portfolio Manager Arcese joined Foord in 2014, and currently manages the Foord Global Equity fund and Foord SICAV - Foord International Fund. Join CNBC for the next installment of Pro Talks on Thursday, October 20 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Check out our previous Pro Talks: CNBC Pro Talks: Asset manager Neil Veitch on top picks — and stocks to avoid — as volatility persists Is 'super cheap' Meta a buy or a miss? Portfolio Manager Arcese joined Foord in 2014, and currently manages the Foord Global Equity fund and Foord SICAV - Foord International Fund. Join CNBC for the next installment of Pro Talks on Thursday, October 20 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m.

JPMorgan & Chase (JPM.N), Citigroup, Deutsche Bank (DBKGn.DE) and BNY Mellon act as depositary banks for most Russian depositary receipt programs, according to Clearstream. In statements to clients, some banks cited difficulties verifying there are enough shares to execute cancellations of depositary receipts. For example, BNY Mellon cited such a difficulty with Global Depositary Receipts in Russian gas company Novatek. While depositary receipts are under custody of global banks, the shares they represent are parked in Russia. Investors are meanwhile discussing ways online to meet the Russian requirements and how to pay fees to Russian banks.

☆ Russia will run out of arms before Ukraine does because it has isolated itself so much, UK defence secretary says
▼ + stars: | 2022-10-13 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

The UK said on Thursday that Russia will run out of weapons before the West does in Ukraine. Defence Minister Ben Wallace said Russia is isolated and its supply chain broken. "They need a supply chain, and large parts of their supply chain were not in Russia, they came from all over the world including in Europe and including, indeed, even in Ukraine," he said. An assessment in September by the Center for Strategic and International Studies listed the stockpile status of five key weapons — including the famed HIMARS — as "limited." Russia has turned to to such pariah states for weapons supplies, with US intelligence claiming that North Korea had supplied it weapons.

☆ Pakistan Leads Push for Funding to Counter Damage From Climate Change
▼ + stars: | 2022-09-23 | by ( Saeed Shah | ) www.wsj.com time to read: 1 min

After suffering catastrophic floods, Pakistan is leading a push with other developing nations to establish international funding for natural disasters that they say are caused by climate change, in an effort to spur momentum around the issue ahead of climate negotiations later this year. Prime Minister Shehbaz Sharif , in a speech Friday at the United Nations General Assembly, is set to point to record rainfall that has inundated parts of Pakistan in recent weeks to make the case that those countries who have contributed least to causing global warming are suffering the most from the impacts of climate change, aides say. Pakistan produces around 1% of global greenhouse-gas emissions but estimates that the floods will cost it more than $30 billion in lost economic growth and rebuilding costs.

☆ Exclusive: Ariele's Rupal Bhansali says a regime change is underway for risk assets
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExclusive: Ariele's Rupal Bhansali says a regime change is underway for risk assetsRupal Bhansali, Portfolio Manager at Ariel International Fund & Ariel Global Fund, joins Worldwide Exchange to discuss what the Federal Reserve's third straight 75 basis point rate hike means for risk assets.

☆ World's largest container line is rerouting its fleet to avoid collisions with endangered blue whales, the largest animals on earth
▼ + stars: | 2022-09-11 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Blue whales, which are endangered, grow to be 80 feet long and can live for 80 years. "By ensuring these small changes, MSC is making a significant difference for these endangered whales. Tharaka Basnayaka/NurPhoto/Getty Images"Re-routeing is the key hope to turn the tide for blue whales off Sri Lanka. Blue whales are the largest living animals on earth. While hunting blue whales is prohibited, the species continues to be threatened, primarily due to declines in its primary food source, krill.

☆ MIT professor wrongfully accused of spying for China helps make a major discovery
▼ + stars: | 2022-08-25 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +8 min

Months after an MIT professor was cleared of spying for China, he helped make a major scientific discovery. But for me, I’m stopping that research,” Chen, a Chinese immigrant, said. The research, Chen emphasized, is still in its early stages and the material likely years away from commercial use. The failure to report specific work history, for example, had been interpreted by officials as attempts to conceal affiliations with China. “And I decided to stay and actually I’d say I’m very grateful that I got all the opportunities that occurred.

☆ Să-ți placă ciocolata și s-o savurezi cu poftă! Secretele fabricii de cofetărie care de 75 de ani produce bomboane autentice — Moldova.org
▼ + stars: | 2020-12-22 | by ( Diana Preașcă | Autor Invitat | ) www.moldova.org time to read: +15 min

Dar cum au reușit autoritățile irlandeze să implice diaspora în dezvoltarea țării și care ar fi soluțiile pentru Republica Moldova? În 1970, la Dublin a fost creată Agenția pentru Dezvoltare Industrială (IDA), responsabilă de noile tehnologii și investiții străine. În 1993, Mary Robinson, președinta Irlandei, a mers în Parlament și a abordat subiectul diasporei. Prin urmare, Irlanda a început să creeze legături cu irlandezii din străinătate, în special cei din SUA. Bugetul instituției pentru anul 2020 a fost de 1,5 milioane lei, adică mai puțin de 75 de mii de euro.

Persons: Sean Lemass, Mary Robinson, Ea, UE . Șomajul, Nadejda, Nadejda Zubco, Oleg Chiriță, Dumitru Vicol, Vicol ., Dumitru, Vicol Organizations: Uniunea Europeană, IDA, The Economist, Enterprise Ireland, irlandeze, Microsoft, Dell, Intel, Google, Facebook, Fund, Organizația, BRD, Radio Europa Liberă Locations: Irlandei, Moldova, Irlanda, Europei, Singapore, Hong Kong, Taiwan, Coreea de Sud, SUA, Republica Moldova, Dublin, străinătate, Boston, New York, Philadelphia, Ireland, Atlantic, donau, Britanii, Luxemburg, UE, Chișinău, Mijlocii, Republicii Moldova, BRD, Bruxelles, americană, Londra, Britanie, Franța, Europa de Vest, ecfr.eu, zn.ua

☆ The best investing stories of June: Interviews with accurate analysts — real estate wizardry — world class stock-pickers
▼ + stars: | 2020-07-07 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

If you aren't yet a subscriber to Investing Insider, you can sign up here. That's where the Investing team at Business Insider comes in. -- JoeJoin Business Insider on July 8 at 12 p.m. Ruobing Su/Business InsiderBusiness Insider spent weeks talking to stock analysts across Wall Street — and not just in popular sectors like tech and retail. We spoke to 11 of the top-ranked on Wall Street to get their forecasts and single-stock picks.

☆ International Fund for Agriculture Development (IFAD)
▼ + stars: | 2017-10-16 | by ( ) www.civic.md time to read: 1 min

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