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A former Abu Dhabi investing official thinks ethics are going to play a bigger role in market decisions

A former Abu Dhabi investing official thinks ethics are going to play a bigger role in market decisions

Finance
Investors will soon apply environmental, social and governance standards to global governments as the role of ethics grows in the investing world, according to Paul O'Brien, the former deputy CIO of the Abu Dhabi Investment Authority, which manages more than $ 700 billion in assets. "People [are] taking a more ethical approach to their investing. That has been more tied to environmental issues, primarily in Europe and the United States," O'Brien told CNBC on the sidelines of the Ned Davis Research conference earlier this month. "But, really, ethics applies to countries, too." One example of this was seen earlier this year. Pharo Management, a U...
Elections do matter to market, but you can build a poll-proof portfolio

Elections do matter to market, but you can build a poll-proof portfolio

Finance
By DK AggarwalThe stock market fluctuates to the flow of news related to not just the economy, but also politics and other events. In India, the general elections decide what is in store on the political front for the next five years and foreign players generally prefer to invest in economies that have stable governments with strong policies with long-term visibility. The rally we are witnessing in Indian stocks can be attributed to the optimism over expectation of Narendra Modi’s return as Prime Minister for another term. This optimism has kept foreign investors bullish on India and the market is benefitting from huge emerging market inflows. To boot, India equities have witnessed foreign inflows worth a net of $ 6.7 billion during January-March, which is more than the outflows of $ 4.4
General Insurance Corporation eyes re-insurance market in Eurasia

General Insurance Corporation eyes re-insurance market in Eurasia

Finance
India's General Insurance Corporation (GIC) could soon emerge as the key firm for re-insurance issues for the vast and emerging Eurasian market. Earlier this week Astana International Finance Centre (AIFC), Central Asia's emerging financial hub, held negotiations with the management of the General Insurance Corporation. The prospects for cooperation between the AIFC and GIC in business risk reinsurance area were discussed. The two sides discussed the proposal of the Kazakhstan government to establish Astana-Re company at the AIFC, which would be the first company in the history of Kazakhstan and Central Asia to reinsure business risks. The GIC management will participate in the 12th Astana Economic Forum and is ready to continue negotiations on cooperation with AIFC and sign the Agreeme...

Volkswagen unveils fully-electric SUV for China market

Technology
Volkswagen is planning to release a fully-electric SUV in China which could compete with Tesla's Model X. The German automaker said Sunday the ID. ROOMZZ will be unveiled at the upcoming Shanghai Auto Show and will be available in 2021. Volkswagen says the zero-emission vehicle can go approximately 450 kilometers (280 miles) before the battery has to be recharged. The concept car includes a fully-automatic driving mode which allows seats to be rotated 25 degrees to create a lounge-like atmosphere. The announcement comes one month after Volkswagen's former CEO Martin Winterkorn was charged by U.S. regulators with defrauding investors during its massive diesel emissions scandal. Volkswagen has said it will boost electric vehicle production to 22 million over the next decade. It made fewer t...
Suicide bombing at open-air market in Pakistan kills 20

Suicide bombing at open-air market in Pakistan kills 20

World
A suicide bomber targeted an open-air market in the southwestern Pakistani city of Quetta on Friday, killing at least 20 people and wounding dozens of others, police and hospital officials said. Shortly after the bombing, struck near a Shiite residential area, dozens of angry Shiite youths rallied in Quetta, demanding more security from the authorities and the arrest of those behind the attacks. They also denounced the violence by Sunni extremists who have killed hundreds in similar attacks over the past years in Baluchistan province, where Quetta is the capital. "It seems people from the (Shiite) Hazara community were the target," said senior police chief Abdur Razzaq Cheema, adding that some of the victims were in critical condition. Mir Ziaullah Langau, the provincial home minister, sa...