UK Companies May Face 'action' If They Downplay Climate Risk, Watchdogs Say

UK Companies May Face ‘action’ If They Downplay Climate Risk, Watchdogs Say

By Huw Jones LONDON (Reuters) – Some of Britain’s top listed companies could be downplaying risks from climate change on their bottom line and could face “appropriate action”, regulators said on Friday. Trillions of dollars have flowed into stocks and bonds of companies which tout their environmental, social and governance (ESG) credentials, leaving regulators worried…

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BNP Paribas Thrived In Q2, Shares Jump

BNP Paribas Thrived In Q2, Shares Jump

By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown. France’s biggest-listed lender said on Friday its net income rose 9.1% year-on-year to…

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China's Henan, Anhui Provinces To Make More Repayments To Rural Bank Scandal Victims

China’s Henan, Anhui Provinces To Make More Repayments To Rural Bank Scandal Victims

BEIJING (Reuters) -Financial authorities in China’s central Henan and eastern Anhui provinces on Friday announced a third round of repayments, starting Aug. 1, to clients of five rural banks whose funds were frozen in what authorities said was a complex scam. Individuals with deposits of between 100,000 yuan ($14,787) and 150,000 yuan at four lenders…

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