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Investors with more than $4.5 trillion in assets want Brazilian President Jair Bolsonaro to stop loosening environmental rules and do more to control escalating deforestation in the Amazon and beyond. This may be their moment.To get more news about WikiFX, you can visit wikifx news official website.
　　Upcoming virtual discussions are well-timed: Faced with a pandemic-shattered economy and record outflows, the populist government that has brushed off foreign donors as interfering busybodies will find it harder to ignore sovereign bond holders and equity owners. They can help their case with a show of support for extra green incentives, like biodiversity and carbon credits.
　　Big funds are becoming increasingly outspoken with governments, and not for pure altruism. It‘s clear that poor management of Brazil’s natural wealth — most immediately with a proposed law that will legalize land grabs — is a symptom of deeper dysfunctions that manifest themselves in other areas, too, directly increasing risks for investors. Bolsonaro has failed to take the coronavirus seriously and garbled official guidance. Having parted company with two health ministers since April, Brazil has the second-highest number of cases after the United States.
Brazil had previously done well in combatting deforestation, but the rate has worsened significantly under Bolsonaro. Last month, at the start of the dry season when farmers and loggers seek to clear ground, the number of fires rose to a 13-year high, according to the National Institute for Space Research. That will lift carbon emissions this year, even as the rest of the world sees a drop in climate-warming gases. Earlier in the year, Environment Minister Ricardo Salles was caught on camera suggesting that the government use the pandemic to push through more deregulation.
　　The 32 major investors, led by Norways Storebrand ASA, said in a letter sent to Brazilian embassies last month that all of this increases “reputational, operation and regulatory risks.”
　　The question of how the wider world convinces emerging economies to put global environmental priorities first has never been easy to answer. Concepts like payment for ecosystem services — compensating governments for forgoing the immediate benefits of land clearance — are helpful, but have often been resisted. Norway, which has paid $1.2 billion into the Amazon Fund under just such a program, suspended payments last year after Bolsonaros government, suspicious of non-governmental organizations, questioned the organization and closed the committee that selected projects.
　　Investors have a louder voice than most, not least because Covid-19-era Brazil has little choice but to listen. Public debt is edging toward 100% of gross domestic product, the budget gap has ballooned and the currency has performed dismally of late. The economy could shrink more than 9% this year, according to the International Monetary Fund.

Yet how do fund managers turn talks with ministers into actually bringing change？ Engaging with a government, be it South Korea or Brazil, is less straightforward than lobbying a company, where enough unsatisfied shareholders can ultimately spill the board.
　　Raising awareness and highlighting concerns publicly as a group, as investors have done, is one step, coming when Brasilia is more sensitive to outside perceptions. Funds can afford to be specific in their demands, making it easier for both sides to measure success.
　　There‘s always the threat of divestment, most effective when made with the promise of reinvestment if behavior improves — a stick with a carrot attached. Done coherently, that can mean not just selling out of government bonds or shares in locally listed firms, but dumping shares in companies like beef producers and others with unsustainable Brazilian supply chains, widening eventual sources of pressure on the government. In one of the more creative examples, a green bond issued by Norway’s Grieg Seafood ASA last month explicitly promised the cash would not be used to buy feed from trader Cargill Inc. due to “soy-related deforestation risk.” Investors cannot dictate government action, but they can point to portfolio risk and cause plenty of direct and indirect pain.
　　A few more carrots might help, though, in dealing with a government that has responded better to investment arguments than to moral ones. Options could include support from major investment firms to develop means of monetizing Brazil‘s natural wealth by, say, the sale of carbon credits, as the head of wood-pulp producer Suzano SA pointed out last week, or biodiversity credits, increasingly in demand as firms scramble to offset emissions. Salles has estimated $120 per hectare would be necessary annually to protect the Amazon — a small price to pay given the region has the capacity to absorb as much as 5% of the world’s carbon emissions.
　　Policy makers can provide backup for investor-led efforts at a time when a free trade deal agreed between the European Union and Mercosur, South Americas commercial block, has already met resistance. Real change in Brazil cannot happen without the agricultural sector lobbying for conservation. Bard Harstad, who works on environmental economics at the University of Oslo, says that will happen when producers anticipate that market access is under threat. Withholding the ratification of the agreement until conservation measures are re-introduced, or writing in credible conservation as a condition, would make the message plain.

WikiFX|Blockchain, Indonesian ecosystem

Luke Jones has 20 years experience in the financial services, investment and infrastructure space. Being a renowned international speaker, author and cryptocurrency trader, he is regularly invited to advise organisations on financial & digital technology. Luke is also the CEO of leading global cryptocurrency asset management platform - FORTIFEX; where he strives to demystify the hype surrounding blockchain and crytocurrency today.To get more news about WikiFX, you can visit wikifx news official website.
　　Having a profound and solid experience in the digital startup ecosystem allows him to have an edge in understanding and being able to evaluate and rate upcoming ICOs. He aims to provide the best possible solution for individuals and businesses to navigate the blockchain and cryptocurrency space. He hopes to see both individuals and businesses adopt innovations in a more seamless and lower risk environment.Luke Jones is passionate about cryptocurrency and loves helping people navigate the blockchain and crypto space. MBA qualified, he has spent over ten years trading in the future markets. He is the founder of FORTIFEX, a cryptocurrency asset management platform. Luke specialises in talks regarding cryptocurrency trading, token valuation and speaks often about how to not lose money in the crypto space. He is also a senior member of the Los Angeles based Crypto Council - a private, invite-only community dedicated for top level investors to discover, debate and inspire investments in the crypto space.Luke will briefly cover the fundamentals of how cryptocurrencies work and the various factors that need to be take into account when building a model to calculate their value. He has accumulated over 10 years experience trading for myself in the futures markets and know the best way to trade consistently is by using a consistent system that evolves with the traded market.The recent months have found him in Dubai, Australia and Hong Kong eg. World Blockchain Forum, Skyledger Dubai Conference and more; to demystify the hype surrounding blockchain and crytocurrency today.

US ISM Non-Manufacturing & RBA| KOL Analysis•Fanny Arianti Arief

The US dollar strengthened other major world currencies on Friday, after mixed US employment data. Basically, a better-than-expected US Non-Farm Payrolls report makes the dollar a bearish factor because it reduces its appeal as a safe-haven asset. However, unemployment data claimed to be bullish and encouraged investors to look again at the dollar as a safe haven. The US dollar rose on Thursday Thursday traders began to doubt whether non-farm payroll growth could last long amid claims for a continually rising benefit and a surge in coronavirus cases. In other words, NFP represents the past, and unemployment claims are forward-looking. Investors ignore the economy in June, they want to know where they are going in July. The dollar index edged higher Friday at 97,289, but still recorded a weekly decline.To get more news about WikiFX, you can visit wikifx news official website.
　　Sterling reported its first weekly increase in four weeks over the dollar, but there has been no progress in the Brexit post between the United Kingdom and the European Union (EU). EU Negotiator Chair Michael Barnier said there were still many differences about Britain and the EU last week. Earlier this month, sterling strengthened 1.2% after falling 2.7% in June.

　　The price of gold rose to the highest level of 8.5 years ago with gold in the US past the psychology area of $ 1800. The price of gold rose after the testimony of Fed chairman Jerome Powell and Treasury Secretary Steven Mnuchin, who still needed the current stimulus. Gold is solved because of profit taking. Refusing release, solid macroeconomic data that drives risk sentiment. However, gold was again supported, despite rising US employment data.
Oil prices recovered the highest level four months ago, supported by trimming and US solider employment data released beyond expectations. Oil prices also rose after the Energy, Administration Information (EIA) report that said US oil reserves were up to 7.2 million barrels. Oil sentiment was also lifted after a Bloomberg survey showed OPEC oil production rose to the lowest level in the last three rounds to 22.69 million bpd, thanks to Saudi Arabia's commitment to meet additional production cuts of 1 million bpd, according to the OPEC + agreement. However, it now starts Friday after the number of viruses in the world, especially in the US. On Thursday, the US reported the number of daily corona virus cases more than 55 thousand, increasing the fact that a surge in infection could increase oil recovery.
　　Asian stocks held near 4-month highs today as investors needed monetary and fiscal stimulus to support finance, even a compilation of corona infection, which led to a delay in the US economy. The MSCI Asia-Pacific Index outside Japan gained 0.05%. The Nikkei index strengthened 0.4% and the US S&P 500 Index rose by 0.3%.
　　Focus this Week: US ISM Non-Manufacturing & RBA
　　Some macroeconomic data will be present again describing the movement of financial markets this week. These data include; US Non-Manufacturing ISM, which is expected to be repaired in June. Other US data are unemployment claims, as well as PPI. From Canada there are employment and construction data for the British PMI. While the event that will be attended is the meeting of the Australian Central Bank (RBA).

EUR/USD Lifted by USDX’s Drop!| KOL Analysis•Olimpiu Tuns

EUR/USD is traded at 1.1289 level and it seems determined to resume its upside movement after a short term consolidation. The greenback depreciates as the USDX plunges again in the short term.To get more news about WikiFX, you can visit wikifx news official website.
　　A USDX‘s further decline will boost the EUR/USD, the pair is almost to take out a major dynamic resistance, this scenario will attract more buyers. Only a USDX’s rebound will push EUR/USD down.
　　The dollar needs strong support from the US economy to recover, the ISM Non-Manufacturing PMI will be released today and it is expected to increase from 45.4 to 50.0 points in June, a major increase, expansion, could help the USD to increase and to recapture ground till the end of the day.
　　Also, the US Final Services PMI could climb from 46.7 to 47.0 points, worse than expected figures today could validate the USDs decline in the upcoming period. The pair is challenging a strong dynamic resistance, so only a valid breakout will bring a long opportunity.

The US Dollar Index has found strong resistance at the 61.8% retracement level, failing to reach the upper median line (UML) of the major descending pitchfork. It has also failed to reach the median line (ml) of the sideways orange pitchfork signaling a bearish pressure in the short term.
　　Still, I believe that the dollar index will touch the upper median line (UML) sooner or later, when it will end the current drop. I‘ve said in my previous analysis that we’ll have a bullish reversal on the USDX if the rate will make a valid breakout above the upper median line (UML).
　　The bearish pressure is still high as long as the price is traded within the descending pitchforks body, a larger drop will signal the EUR/USD broader increase.
EUR/USD has come back higher and now is challenging the upper median line (UML) of the descending pitchfork, a valid breakout above this dynamic resistance will validate a further increase towards R1 (1.1403), and towards the 1.1494 high.
　　The several false breakdowns below the 1.1200 psychological level have signaled that the bulls are still very strong on the Daily chart. The outlook is bullish as long as the price is traded above the 1.1200 level.
　　You should wait for a valid breakout before going long, another false breakout above the UML will suggest selling because most likely EUR/USD will decline and will stabilize below the 1.1200 level.
　　The current sideways movement could represent a continuation pattern in the short term, the R2 (1.1573) is seen as a potential target as well if the rate will close and stabilize right above the upper median line (UML).
　　On the other hand, another false breakout above the UML and a valid breakdown below the 1.1200 will open the door for a further decline towards the 1.1 level, or even lower, the median line could attract the price if it stays within the pitchforks body.

WOW Season 4 Awakened Affix Guide: Obelisks, Lieutenants & More

WOW Season 4 Awakened Affix will be the fourth affix for the Season. When the affix is released, you will see four Black Empire obelisks, and each of them has a Lieutenant. Besides, currently the Deplete buff is revealed to be removed from Awakened Affix. To get more news about Buy WoW Items, you can visit lootwowgold news official website.

What is WOW Season 4 Awakened Affix?

Season 4 Awakened Affix for Mythic+ used to be called Corrupted will be the 4th affix for the duration of the Season in patch 8.3. There will be four Black Empire obelisks and Lieutenants in the dungeon. While interacting with an obelisk, you will enter N'zoth's realm and be attacked by the Obelisk's Defense Lieutenant who will summon some additional adds to ask for help. When Lieutenant dies, you can return to reality via a portal on its corpse. If you kill Lieutenants at the Obelisks, they will summon extra adds. If you choose to kill them until engaging the last boss, they will not summon adds, but you need to kill them at once.
Previously when you begin the dungeon, you may see a small fish where Bwonsamdi used to hang out in Awakened Affix. If you run out of time, he will allow you to seek the favor of "mighty N'zoth", then you will get 20% damage and healing, and any Sated debuffs on your character can also be reset. But now this Deplete buff("Bob" buff) is removed.

Please have a look at this post to prepare for the upcoming patch 8.3. Moreover, if you want cheap WOW gold, please come to our site to place your order.

How to Enter WOW Ny'alotha Raid for High Item Level Loot?

WOW Ny'alotha, the Waking City raid has been available to access. But what needs to note is that the entrance to the raid can change once every week. Therefore, we share some tips to help you find the entrance easily. Also, many high item level loot can be obtained after defeating raid bosses. To get more news about Buy WoW Gold, you can visit lootwowgold news official website.

Tips to get to WOW Ny'alotha, the Waking City raid

Ny'alotha is the fifth raid of Battle for Azeroth. Unlike the usual raid's entrance, the entrance of Ny'alotha, the Waking City raid can change once every week on the Tuesday reset according to which zone is currently being attacked by N'Zoth and his minions. And you can be able to see which zone has the Ny'alotha entrance currently by searching for the obelisk icon on your map.
If the forces of N'Zoth attacks Uldum, the entrance will be by the upper level of the Vir'naal Dam at the central part of Uldum. But if the Vale of Eternal Blossoms is under attack by the forces of N'Zoth, the entrance will be by Whitepetal Lake at the central part of the Vale of Eternal Blossoms.

What loot can you get in WOW Ny'alotha raid?

There are totally 12 bosses in Ny'alotha raid, and the loot dropped from them has different item levels, like:
- Item level loot from the first 10 bosses: 430 LFR, 445 Normal, 460 Heroic and 475 Mythic.
- Item level loot from the two final bosses(Carapace of N'Zoth; N'Zoth): 440 LFR, 455 Normal, 470 Heroic and 485 Mythic, which are slightly better than above.
In addition, owing to the removal of class-specific Tier sets, there are no class-specific transmog appearances from Ny'alotha raid. Instead, each armor type including Cloth, Leather, Mail and Plate has a set that conveys the atmosphere of the raid. In the case of Ny'alotha, all raid sets are themed after followers of N'Zoth.

Have you known the entrance to WOW Ny'alotha raid so far? Come to enter for Ny'alotha loot. Besides, cheap WOW gold is always for sale at our site.

Sydney woman nearly wins $500 million in the lottery

A woman in NSW has come 'painfully close' to winning half a billion dollars, missing the lottery jackpot by just one number.The Sydney resident had stood to collect $500 million in what would have been the biggest win ever seen in Australia.Instead, she pocketed $9,200 as a division 3 winner in The Lottery Office's USA Mega Lotto draw over the weekend.
"The player's numbers were painfully close to taking home the entire jackpot," The Lottery Office CEO Jaclyn Wood said.Unfortunately, the final number drawn was 51 and she had number 50. It was incredibly close."Get more news about 菲律宾彩票包网公司,you can vist loto98.com
Despite coming so close to winning division 1, the woman said she was thankful for the money she did receive.
"If I had won the full jackpot I would have retired and, after the pandemic, travelled the world," she said.Still, winning $9,200 from spending $23.50 is nothing to sneeze at.
"I was planning a trip to Hawaii before international borders closed so I will be putting my winnings towards this holiday."
When Australians purchase tickets in its lotteries, The Lottery Office purchases a matching ticket in the overseas draw to give local punters the chance to win big.
And in good news for ticket buyers this week, there was no winner so the jackpot has increased to $516 million for Wednesday's draw.

Google Arts & Culture Booms as Art World Moves Online

Online searches for 'Google Arts & Culture' quadrupled in March, according to an analysis of Google Trends.To get more news about culture and art, you can visit shine news official website.

Google wouldn't confirm the exact number of visitors, but a spokesperson for the company said, 'Since its beginnings in 2011, Google Arts & Culture has grown to over 2,000 cultural institutions from over 80 countries today. We are happy to see that more and more people find the diverse content that we make available on our website and free app worthwhile in this challenging time.'
The Metropolitan Museum, New York, which predicts it will stay closed until July and lose as much as US $100 million, has over 200,000 items featured on the site. Other institutions who have uploaded large collections of contemporary artinclude The Art Institute of Chicago and New York's Museum of Modern Art (MoMA), the Whitney Museum of America, and the Solomon R. Guggenheim Museum.

Google Arts & Culture has also partnered with institutions around the world, from Korea's National Museum of Modern and Contemporary Art in Gwacheon to the Pinacoteca de São Paulo in Brazil.

The Biennale of Sydney, which closed its physical exhibition spaces on 24 March, created a virtual Biennale on Google Arts & Culture for the first time this year, suggesting an alternative model for art events. In addition to sharing images and videos of the works, they added live content, virtual walk-throughs, podcasts, interactive Q&As, curated tours, and artist takeovers.

'Our goal has always been to use technology to help people find new ways to engage with art and culture,' said Google's spokesperson.

Stanley Ho death no impact on SJM biz: brokerages

The death of SJM Holdings Ltd founder Stanley Ho Hung Sun on Tuesday at the age of 98, should have no impact on the company and its management. That is according to separate notes from brokerages Sanford C. Bernstein Ltd and JP Morgan Securities (Asia Pacific) Ltd.To get more news about ina chan un chan, you can visit shine news official website.

While SJM Holdings’ share price had risen sharply after the news,”we do not see a reason to cheer the stock,” wrote analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu, in a note published shortly after Mr Ho’s death was confirmed.

As of 4pm, the stock price of Hong Kong-listed SJM Holdings was up by more than 7 percent, with most of the gain happening after news broke of the founder’s death.

Analysts at JP Morgan also said they believed there was no “significant read-across for SJM Holdings or its peers,” from the event.

“Many investors have asked if a potential ‘reshuffling’ of SJM Holdings’ board may accelerate with his death,” said analysts DS Kim, Derek Choi and Jeremy An. “However, we see limited possibility of major changes in control” of SJM Holdings “in the near term – simply because we believe no concessionaire would want to attract unnecessary attention/headlines ahead of concession renewal in June 2022.”

The Sanford Bernstein analysts stated: “[Mr Stanley Ho] had been effectively minimally involved in SJM Holdings since 2011 (if not earlier) and while he had been chairman until 2018, his participation was limited. He had not attended an SJM Holdings board meeting (even though he was chairman) since 2015.

“His retirement in 2018 had no real positive impact on SJM Holdings and his death does not change the equation either (at least for now).”

Sanford Bernstein added in its note that, “if anything, we could see greater infighting between various interested parties” following Mr Stanley Ho’s death. That was a reference to different branches of his family and power struggles between them to gain control over the Stanley Ho business empire.

Mr Stanley Ho had a total of 17 recognised offspring by four consorts.

“Until we see substantive alterations to management and governance that will lead to fundamental changes to how SJM Holdings operates and increases [its] positioning in Macau’s highly competitive market, we remain on the sidelines,” said the Sanford Bernstein analysts, making reference to the company’s atypical leadership structure, featuring one chairman, two co-chairmen and one vice-chairman.

The issue of who was to succeed Mr Stanley Ho in controlling his business empire made world news in 2011 when it was alleged that his second consort, Lucina Laam King Ying, mother of three of his children involved in the Macau casino sector – Daisy Ho Chiu Fung, Pansy Ho Chiu King and Lawrence Ho Yau Lung – had colluded with his third consort, Ina Chan Un Chan, to take over Lanceford Co Ltd, a holding company that controlled the bulk of his assets. They refuted the suggestions.

The described peace deal that followed the reported power struggle was said to have guaranteed a role in the family empire for Angela Leong On Kei, Stanley Ho’s fourth consort and mother of his youngest children.

But in late January 2019 it was announced that interests controlled by Pansy Ho and interests controlled by the Henry Fok Foundation were joining in alliance to guarantee a majority control of Sociedade de Turismo e Diversões de Macau SA (STDM), the controlling shareholder of SJM Holdings.

“While some investors have been optimistic about radical changes in management and governance on the back of the ‘Pansy Ho alliance’ we have remained cautious until we see substantive changes for the better, which we have not seen to date,” the Sanford Bernstein analysts wrote in their Tuesday note. “We do not see how Stanley Ho’s death changes the equation.”

Luckin Coffee Receives Formal Delisting Notice From Nasdaq

Luckin Coffee Inc. (LK) - Get Report said Tuesday that it has received a formal delisting notice from the Nasdaq as the China-based rival to Starbucks (SBUX) - Get Report continues to suffer the fallout from its multi-million dollar 'fake sales' scandal.To get more news about luckin coffee share price, you can visit shine news official website.

Luckin said the notice, which was received on June 17, was linked to its inability to file an annual report for its 2019 financial year, which the company put down to the complexities of the global coronavirus pandemic and its own investigation into fraud claims fraud claims linked to an April 2 admission that around RMB2.2 billion ($310 million) may have been fabricated in a scheme linked to its former COO.

"The Company has been working diligently to explore possible ways to file the Annual Report as soon as possible,' Luckin said in a filing to the U.S. Securities and Exchange Commission. "However, the Company has not been able to file the Annual Report due to the impact of the delayed financial statement preparation process caused by COVID-19 and the pendency of the previously disclosed internal investigation."

Luckin shares plunged 16.75% Monday amid reports that investors were planning to oust founder and chairman Charles Zhengyao, as well as other members of the board, at an extraordinary general meeting scheduled for July 5.

Shares were marked 15.8% lower in early trading Tuesday following the SEC filing to change hands at $2.69 each, a move that would mark a 90% decline since the group first revealed its 'fake sales' scandal in early April.Beijing-based Luckin listed on the Nasdaq in May of last year with a market value of $4.2 billion after pricing its IPO at $17 each. It raised another $1.1 billion in a secondary offering in early January. At its peak, Luckin traded at just over $50 a share with a market value of $12 billion.

Founded in 2017 by its current CEO, Qian Zhiya, Luckin has around 4,500 coffee outlets in China as it goes head-to-head with Starbucks in the world's biggest coffee market.

Luckin, which is backed by BlackRock BLKB and Singapore's powerful sovereign wealth fund, estimates consumption will rise to 15.5 billion cups by 2023, nearly 80% higher than last year's record levels.

Last month, the Beijing-based group said CEO Jenny Zhiya Qian, as well as chief operating officer Jian Liu were fired after its internal investigation "brought to the attention of the Board evidence that sheds more light on the fabricated transactions" the company detailed in early April.