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UPDATE 1-LSE CEO expects Biden to have 'huge' impact on climate politics

Mon, 09th Nov 2020 11:11

* Biden set to take back into Paris climate accord

* Other climate-related policies expected to follow

* Barclays CEO Jes Staley says election "a significant move"
(Adds Barclays CEO comment, background, bullet points)

By Guy Faulconbridge and Simon Jessop

LONDON, Nov 9 (Reuters) - London Stock Exchange
Chief Executive David Schwimmer said on Monday that Joe Biden's
election win in the United States would have a major impact on
global climate politics.

Asked if a new president would change the United States'
contribution to the climate debate, Schwimmer said: "Short
answer is 'yes' - big change."

Biden has put climate change at the centre of his election
campaign and, as well as rejoining the Paris Agreement on
climate, has promised sweeping measures to make the country
carbon neutral by 2050.

"Huge impact in terms of having the U.S. joining the effort
to deal with climate change as opposed to being out there on its
own," Schwimmer told the Green Horizon Summit.

"The timing is actually pretty remarkable in terms of the
U.S. leaving the Paris Agreement a couple of days ago and then
President-elect Biden indicating that it will be one of his
first actions in office," he added.

Speaking on the same panel, Barclays CEO Jes Staley said he
echoed Schwimmer's comments.

"The election is a significant move. What COVID-19, in part,
is showing is we are on this boat together and getting a major
economy like the U.S. aligned once again with the Paris
accord... is quite a significant and a positive step."

Both were speaking at the start of a three-day summit in
London, designed to mobilise the financial sector in the run-up
to a U.N. climate change conference due to take place in Glasgow
in late 2021.
(Reporting by Guy Faulconbridge; Editing by Kate Holton and
Alexander Smith)

More News
14 Sep 2020 10:01

UPDATE 4-CREST problems return, Bank of England delays gilt buy-back

(Adds update from Euroclear)LONDON, Sept 14 (Reuters) - The CREST financial markets settlement system, which sits at the heart of more than 1 trillion pounds' ($1.29 trillion) worth of daily share and bond trades, suffered more technical problems ...

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14 Sep 2020 10:01

UPDATE 1-CREST problems force Bank of England to delay gilt buy-back

(Recasts, adds background)LONDON, Sept 14 (Reuters) - The CREST financial markets settlement system, which sits at the heart of more than 1 trillion pounds' ($1.29 trillion) worth of daily share and bond trades, suffered more technical problems on...

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14 Sep 2020 09:31

Euroclear says CREST settlement system back in operation

LONDON, Sept 14 (Reuters) - Euroclear said its UK and Irish CREST securities settlement system suffered a further outage on Monday but is now operating."It's back up," a Euroclear spokesman said.The CREST system was down for most of Friday, and the...

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14 Sep 2020 09:17

Swiss exchange Six has presented a non-binding bid for Borsa Italiana - sources

MILAN, Sept 14 (Reuters) - Swiss exchange SIX has submitted a non-binding offer for Borsa Italiana, two sources familiar with the matter said on Monday, joining Euronext and Deutsche Boerse in the race for the Milan-based stock exchange.The London...

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14 Sep 2020 08:47

LIVE MARKETS-Opening snapshot: Dassault takes off, ARM deal read-across

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

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14 Sep 2020 08:00

Euronext offers to buy Borsa Italiana from LSE

(Sharecast News) - Euronext confirmed on Monday that it has made a non-binding offer to buy Borsa Italiana from London Stock Exchange.

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14 Sep 2020 07:50

LIVE MARKETS-On the radar: M&A in the time of COVID-19

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

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14 Sep 2020 07:31

UPDATE 4-Swiss exchange Six makes highest bid in Italy's Borsa battle -sources

* Swiss operator Six submitted highest Borsa bid -sources* Euronext and Deutsche Boerse have also made bids* Bids value Borsa at 3.5-4 billion euros -sources* LSE selling as part of Refinitiv bid antitrust remedy (Adds context, financial details)By ...

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14 Sep 2020 07:31

UPDATE 3-Switzerland's Six leads race for Borsa Italiana - sources

* Swiss operator Six has submitted highest bid for Borsa - sources* Euronext and Deutsche Boerse have also submitted bids* Bids value Borsa at around 3.5-4 billion euros - sources* LSE selling as part of antitrust remedy for Refinitiv takeover (Re...

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14 Sep 2020 07:31

UPDATE 2-Euronext confirms non-binding offer to buy Borsa Italiana

* Euronext in joint bid with Italy's CDP, Intessa* Sources say Swiss operator Six also submitted offer* Borsa Italiana owns Milan stock exchange* LSE selling as part of antitrust remedy for Refinitiv takeover (Adds Six offer, background detail)PARI...

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14 Sep 2020 07:31

UPDATE 1-Euronext confirms non-binding offer to buy Borsa Italiana

(Adds detail)PARIS, Sept 14 (Reuters) - Euronext has submitted a non-binding offer to the London Stock Exchange Group Plc to buy Borsa Italiana, the pan-European exchange confirmed on Monday.Euronext's partners in the offer include Italy's Cassa ...

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11 Sep 2020 16:59

Deutsche Borse submits offer for Borsa Italiana

MILANO, Sept 11 (Reuters) - Deutsche Borse confirmed on Friday it had submitted an offer for Italy's Borsa Italiana, with rival offers from Swiss exchange Six and a consortium comprising France's Euronext and Italian state lender CDP also in the ...

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11 Sep 2020 07:25

UPDATE 3-Euronext and Italy's CDP confirm talks to bid for Borsa Italiana

(Updates with Deutsche Boerse bid)By Valentina Za, Matthieu Protard and Pamela BarbagliaMILAN/PARIS/LONDON, Sept 11 (Reuters) - Euronext and Italy's Cassa Depositi e Prestiti (CDP) confirmed on Friday they were in talks to make a joint bid for Bors...

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11 Sep 2020 07:25

UPDATE 2-Euronext and Italy's CDP confirm talks to bid for Borsa Italiana

(Adds quote, context)By Valentina Za, Matthieu Protard and Pamela BarbagliaMILAN/PARIS/LONDON, Sept 11 (Reuters) - Euronext and Italy's Cassa Depositi e Prestiti (CDP) confirmed on Friday they were in talks to make a joint bid for Borsa Italiana, w...

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11 Sep 2020 07:25

UPDATE 1-Euronext and Italy's CDP confirm talks to buy Borsa Italiana

(Adds Euronext confirming talks)MILAN/PARIS, Sept 11 (Reuters) - Pan-European exchange Euronext and Italian state lender Cassa Depositi e Prestiti (CDP) confirmed on Friday they were in talks to buy the Milan stock exchange Borsa Italiana.Euronext...

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