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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
9 Dec 2020 06:01

INSIGHT-Saving the City: London's finance district plots reboot as COVID compounds Brexit

* Regulators plan rules revamp to beat COVID, Brexit double hit* Standing still not an option for London as rival hubs expand* City landlords and businesses court new tenants and customersBy Sinead Cruise and Huw JonesLONDON, Dec 9 (Reuters) - For...

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5 Dec 2020 00:16

UPDATE 3-FTSE Russell to drop eight Chinese companies after U.S. blacklisting

(Adds details from FTSE Russell)By Ross Kerber and Alexandra AlperBOSTON/WASHINGTON, Dec 4 (Reuters) - Index provider FTSE Russell said on Friday it will delete shares of Hikvision and seven other Chinese companies from certain products after a U.S...

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5 Dec 2020 00:16

UPDATE 2-FTSE Russell to drop eight Chinese companies after U.S. blacklisting

(Adds context, diplomatic background)By Ross Kerber and Alexandra AlperBOSTON/WASHINGTON, Dec 4 (Reuters) - Index provider FTSE Russell said on Friday it will delete shares of Hikvision and seven other Chinese companies from certain products after ...

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5 Dec 2020 00:16

UPDATE 1-Index provider FTSE Russell says will drop shares of eight Chinese companies

(Adds company names, explanation)BOSTON, Dec 4 (Reuters) - Index provider FTSE Russell said on Friday it will delete shares of eight Chinese companies from certain products after a U.S. order barring trading of firms linked to the Chinese military...

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4 Dec 2020 23:59

Index provider FTSE Russell says will drop shares of eight Chinese companies

BOSTON, Dec 4 (Reuters) - Index provider FTSE Russell said on Friday it will delete shares of eight Chinese companies from certain products after a U.S. order barring the trading of firms linked to the Chinese military. (Reporting by Ross Kerber;...

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3 Dec 2020 13:23

Thursday broker round-up

(Sharecast News) - Kenmare Resources: Berenberg reiterates buy with a target price of 390p.

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2 Dec 2020 16:14

UPDATE 1-Former LSE boss Rolet joins tech acquisition vehicle Golden Falcon

(Adds quote, detail)By Pamela BarbagliaLONDON, Dec 2 (Reuters) - Former London Stock Exchange boss Xavier Rolet has joined a newly-launched "blank check" company that is hunting for technology deals across Europe under the leadership of ex Barclay...

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2 Dec 2020 15:02

EU set to approve LSE's $27bn Refinitiv acquisition - report

(Sharecast News) - London Stock Exchange shares surged on Wednesday after a report that EU antitrust regulators are set to clear its $27bn (£20.2bn) purchase of data analytics company Refinitiv.

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1 Dec 2020 16:24

London determined to stay top in euro derivatives clearing, LSE says

By Huw JonesLONDON, Dec 1 (Reuters) - The City of London is determined to make sure that it remains the top centre for clearing euro-denominated financial derivatives, a senior London Stock Exchange official said on Tuesday, as Britain's finance i...

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30 Nov 2020 13:46

UPDATE 1-London Stock Exchange opens Brexit trading hub in Amsterdam

(Adds background, detail, Aquis)By Huw JonesLONDON, Nov 30 (Reuters) - The London Stock Exchange's pan-European share trading platform, Turquoise, opened for trading on Monday, a spokeswoman for the exchange said, joining two rival operators.The A...

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30 Nov 2020 10:53

London Stock Exchange says new Dutch hub has begun trading shares

LONDON, Nov 30 (Reuters) - The London Stock Exchange's Amsterdam-based pan-European share trading platform Turquoise opened for trading on Monday and has seen some activity, a spokeswoman for the exchange said.The Dutch hub was set up to avoid dis...

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30 Nov 2020 01:34

UPDATE 6-S&P Global to buy IHS Markit for $44 billion, expanding data empire

(Adds CEO, analyst comment, more background, Breakingviews link, and updates shares)By David French, Anirban Sen and Pamela BarbagliaNov 30 (Reuters) - Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to ac...

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24 Nov 2020 13:54

Goldman Sachs to open Paris stocks hub to avoid Brexit disruption

By Huw JonesLONDON, Nov 24 (Reuters) - Goldman Sachs said on Tuesday it will launch a share trading hub in Paris, in the sector's latest move to avoid disruption to customers after Britain's full departure from the European Union next month.London...

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23 Nov 2020 10:14

EU extends decision date on LSE/Refinitiv deal

(Sharecast News) - The European Commission said it had extended its deadline for a ruling on the London Stock Exchange's $27bn takeover of financial data business Refinitiv by four days to January 21.

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23 Nov 2020 09:59

EU delays decision on LSE/Refinitiv deal by four days

LONDON, Nov 23 (Reuters) - The European Commission said it had extended its deadline for its competition ruling on the London Stock Exchange's $27 billion takeover of data and analytics firm Refinitiv by four days to Jan. 21.The European Union exe...

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