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Exclusive: European officials urge World Bank to exclude fossil-fuel investments – sources

Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter.

Markets

Citigroup revises earnings lower after losing Revlon case

Citigroup Inc said on Friday it recorded an additional US$390 million in operating expenses in the 2020 fourth quarter after a federal judge ruled that it was not entitled to recoup the money it mistakenly wired to lenders of Revlon Inc last year.

Markets

GameStop rally fizzles; shares still register 151per cent weekly gain

Shares of GameStop Corp jumped more than 10per cent on Friday, putting the video game retailer's stock on pace to triple for the week in a renewed rally that has left analysts puzzled.

Markets

Analysis: How idled car factories super-charged a push for US chip subsidies

When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support US$37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.

Markets

US regulators probe Robinhood over trading curbs

Online brokerage app Robinhood is in talks with the Financial Industry Regulatory Authority (FINRA) regarding resolution of matters including options trading and outages, the firm said in a filing on Friday. (https://bit.ly/3kpGAUb)

Markets

Commentary: When and what to buy? At what age? Investing for retirement in a COVID-19 economy

Your investment strategy should be based on an understanding of market fundamentals, the long-term outlook and your age, says Patrick Chang.

Markets

Texas power crisis could cripple small marketers, unravel market deregulation

Retail power marketers in Texas are appealing multi-million dollar bills from last week's blackout that they say could cripple them and unravel Texas' nearly two-decade-old experiment as the most deregulated U.S. electricity market.

Markets

Nasdaq finishes higher, tech stocks retrace some losses

The tech-heavy Nasdaq index partly rebounded on Friday from its worst day in four months in choppy trading, even as sentiment remained fragile, with fears of a rise in inflation keeping U.S. bond yields near a one-year high.

Markets

NFL denies report on media rights deal with Disney

Walt Disney Co has reached an agreement with the National Football League (NFL) for new media rights where sports channel ESPN will renew 'Monday Night Football' and ABC will return to the Super Bowl rotation, the Sports Business Journal reported on Friday, citing sources.

Markets

Airline CEOs urge White House support for greener aviation fuel

The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White House officials Friday to discuss tackling aviation pollution and urge U.S. support for greener aviation fuel.

Markets

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