BlackRock, the massive asset manager in charge of $7 trillion, will ditch investments that it considers a sustainability risk, including thermal coal producers
— part of an effort to put sustainability at the center of its approach to investing."Awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance," CEO Larry Fink said in his widely-read letter to other chief executives released Tuesday.Fink predicted that significant changes to how capital is allocated globally are coming, and"sooner than most anticipate.
Yuan rises as US lifts China's currency manipulator labelThe Chinese yuan strengthened Tuesday to its highest level since mid-2019 as the United States removed China from its currency manipulator list, my CNN Business colleague Laura He reports.
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