Former BoE Governor Carney joins asset manager Brookfield

Former Bank of England Governor Mark Carney has joined asset management company Brookfield as a vice chair and head of environmental, social and governance (ESG) investment, his first major business role since leaving the central bank. “Mark will expand on Brookfield’s existing strengths in ESG investing with the development of a group of funds that will work to combine positive social and environmental outcomes with strong risk-adjusted returns for investors,” the company said in a statement.

Carney is also the United Nations Special Envoy for Climate Action and Finance, and took a keen interest in environmental issues while at the BoE.

Brookfield has around $550 billion of assets under management and is listed on the New York and Toronto stock exchanges.

https://www.reuters.com/article/britain-boe-carney/former-boe-governor-carney-joins-asset-manager-brookfield-idUSL8N2FS463

Brookfield Asset Management Inc. is an alternative asset management company focusing on real estate, renewable power, infrastructure and private equity. The company's headquarters are located in Toronto, and it also has corporate offices in New York City, London, Rio de Janeiro and Sydney.

The company was founded in 1899, as the São Paulo Tramway, Light and Power Company by William Mackenzie and Frederick Stark Pearson. Operating as in construction and management of electricity and transport infrastructure in Brazil.

https://en.wikipedia.org/wiki/Brookfield_Asset_Management

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Mexico's economy contracts by historic 17.1% in second quarter

Mexico’s gross domestic product (GDP) posted its sharpest drop on record in the second quarter, as the coronavirus pandemic pounded Latin America’s second largest economy, data from the national statistics agency showed on Wednesday. GDP fell 17.1% in April to June, from the previous three-month period in a seasonally adjusted terms. In annual terms, the economy contracted 18.7% in the second quarter compared to a year earlier.

Measures to contain the spread of coronavirus, which has infected 568,621 people and killed 61,450 in Mexico, shut factories, kept shoppers and tourists at home and upended trade. A breakdown of the seasonally adjusted quarterly data showed primary activities slipped 2.0%, secondary activities plummeted 23.4% and tertiary activities contracted 15.1%.

Primary activities include farming and fishing, secondary activities consider manufacturing, mining and construction, and tertiary activities cover retail and the services sector. Mexico’s economy is forecast to contract by as much as 10.5% this year, in what the finance ministry and the central bank have said would be its worst recession since the 1930s Great Depression.

Fiscally conservative President Andres Manuel Lopez Obrador has resisted pressure to borrow to fund an economic stimulus package, while picking fights with businesses that have chilled the investment climate.

https://www.reuters.com/article/us-mexico-economy/mexicos-economy-contracts-by-historic-17-1-in-second-quarter-idUSKBN25M1IA

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every once and a while one of them inputs the call sign "SHART" instead of SHARK

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