​NBIM brings Rio Tinto, Walmart back into sovereign fund’s universe

first_imgRio Tinto’s exclusion, made in 2008, was based on an assessment of the risk of severe environmental damage related to the company’s Grasberg mine in Indonesia, but the company has now agreed to sell its interest in the mine, NBIM said.Mexican company Grupo Carso was blacklisted for tobacco production in 2011, but has since made it clear to the council that it is no longer involved with this activityGeneral Dynamics was excluded from the GPFG’s investment universe in 2005 because of its production of cluster munitions, which, NBIM said, has since been terminated.The Canadian fertiliser company Nutrien, formerly named the Potash Corporation of Saskatchewan, was added to the blacklist in 2011 following an assessment of the risk of violations of fundamental ethical norms linked to the company’s operations in Western Sahara. These activities had now ceased, NBIM said.NBIM said the revocation of these exclusions meant that the GPFG was now allowed to invest in the companies, and the Ministry of Finance would decide when the securities would be re-introduced into the fund’s benchmark index. However, it was up to the fund manager to decide if and when to purchase shares in the companies, NBIM said. The manager of Norway’s NOK9.1trn (€938bn) sovereign wealth fund has brought a number of blacklisted companies back into its investment universe.Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global (GPFG), revoked exclusions applied to a range of companies including US retailer Walmart, mining company Rio Tinto, aerospace firm General Dynamics and Canadian fertiliser specialist Nutrien.NBIM said in a statement: “The executive board’s decisions to revoke the exclusions were made on the basis of recommendations from the Council on Ethics, which regularly shall assess whether the basis for observation or exclusion still exists.”The sovereign wealth fund said Walmart and its Mexican subsidiary Walmart de Mexico were originally blacklisted in 2006 based on an assessment finding serious or systematic violations of human rights. However, the grounds for this exclusion no longer existed, according to NBIM.last_img read more

Holiday at home where kids will never be bored

first_imgThis Hoyts-inspired cinema at 19 Hardwood Court, Buderim is one of many attractions that make this home a perfect school holiday fun house.FROM quad bikes to quoits, when it comes to entertaining the kids these long summer holidays, a well set up family home could save your sanity.Even without children, these homes are so packed with entertainment options, you’d be hard pressed to find a reason to go out. A hidden cave, slide and waterfall are awaiting your attention these holidays at 19 Hardwood Court, Buderim.There’s quad bikes and a Hoyts -inspired cinema on offer in the Sunshine Coast hinterland, while 5km from the Brisbane CBD, you can hone your basketball and volleyball skills with your own outdoor hardcourt. FOLLOW US ON FACEBOOK New sales record as temperatures test auctioneers MORE REAL ESTATE STORIEScenter_img On a 6454sq m block tucked in Buderim on the Sunshine Coast, 19 Hardwood Court has been designed to mirror a seven-star Bali resort with seven bedrooms and entertainment options for all ages. The Buderim property from the air.Get active with a half-sized tennis court and basketball arena, or take a splash in one of two inground swimming pools with a 15m water slide, jumping rock and an outdoor TV entertaining area. One of two pools at 19 Hardwood Court, Buderim. This one has a waterfall, slide, and cave.Plan a movie marathon in the Hoyts-inspired cinema, or explore the running stream through tropical gardens. It’s not all about the kids, check out this master suite at 19 Hardwood Court, Buderim.Craig Porter of LJ Hooker Mooloolaba is selling Villa Asmara and is welcoming private viewings. Here’s the second pool at 19 Hardwood Court, and the far gazebo is an outdoor cinema.Only 5km from Brisbane’s CBD, active outdoor play is the theme at 130 Victoria St, Fairfield, where a large portion of the 802sq m block is devoted to an outdoor hardcourt. Plenty of room to keep those ball skills going over the school holidays at 130 Victoria St, FairfieldMore from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoWhether it’s basketball, netball, volleyball, soccer, cricket or badminton, the artificially-turfed and marked-out area is fenced off and ready to go, with double gate access to the road.Jane Elvin, of LJ Hooker Annerley/Yeronga, is selling the six-bedroom property which also has an inground pool and a triple garage.Back on the Sunshine Coast is 7 Acres at 36 Preston Rd, Diddillibah, which has enough manicured lawn space for a camp out beside the resort-style pool with a Bali hut. 7 Acres at 36 Preston Rd, Diddillibah.The four-bedroom, three-bathroom house has a bocce court, a dam and comes with a quad bike to explore the grounds. Anyone for bocce? Check out this bocce court at 36 Preston Rd, Diddillibah.Athena Law of Define Property Mooloolaba is selling the 2.71ha property for $1.35 million. Take a boat ride on your very own dam at Diddillibah. Cottage goes from blah to brilliantlast_img read more

Clippers happy to be in San Antonio after routing Spurs

first_imgSAN ANTONIO >> Doc Rivers didn’t even want to be here on Saturday.When the team got a look at the first draft of the NBA schedule and saw they’d be playing Saturday, Nov. 4 in San Antonio, Rivers and his staff had a single thought.Nope.His team was already scheduled to play four times earlier in the week, and the Clippers would have to face the Spurs on the road on the second half of a back-to-back? Nope. Newsroom GuidelinesNews TipsContact UsReport an Error “This is one of the games we actually tried to get changed,” he said prior to the game.Well, maybe he owes the NBA an apology.The Clippers turned in their best offensive performance of the season by a long shot, dominating the San Antonio Spurs 116-92.It’s the most lopsided win for the Clippers this season.Blake Griffin scored 26 of his 28 points in the first half, helping L.A. blow the Spurs out early with both teams playing on the second night of back-to-backs.center_img The Clippers quickly fell behind 8-0 in the game’s first few minutes, but that stretch was merely a wake-up call.“We played great after the first eight points,” Doc Rivers said.Griffin and the starters put together a devastating 28-4 run to blow the game open, and the Spurs never really challenged after that. And, it started with defensive energy.“We got stops … I think eight in a row and came down and scored. Then, it’s 16-8. For us, it starts on defense. We always say that, but it really does,” Griffin said. “We got out in transition, got some easy buckets, and once those easy ones go in, then it feels like you can’t miss.”The Clippers scored 73 first-half points, which according to ESPN Stats and Info, was the most scored by a visiting team during the Gregg Popovich era in San Antonio.“Blake was great, but their whole team beat us soundly, embarrassingly,” Popovich said. “They were terrific … They beat us very, very, very well.”While signs of fatigue briefly materialized in the second half for the Clippers, San Antonio’s star, Kawhi Leonard, couldn’t get anything going against Luc Mbah a Moute. Leonard finished with 14 points, while Mbah a Moute gave the Clippers 13 points to go along with his consistent defensive effort.“He did a great job,” DeAndre Jordan said. “Luc is one of our amazing perimeter defenders, our best perimeter defender. He does a lot of great things for us.”Most of the greatness Saturday came early, before San Antonio’s trip from Utah and the Clippers’ trip from Memphis started to show.The two teams combined to score 33 points in the third quarter, a stretch where Rivers said the fatigue clearly had set in.“It was just survival for us,” Rivers saidBut thanks to the improved Clippers bench, which got 31 combined points from Jamal Crawford and Marreese Speights, there wasn’t any fourth-quarter slippage. The Clippers’ starters sat the entire fourth quarter, with no one playing more than 30 minutes Saturday.“Listen, it was great to win. It’s always great to win here,” Rivers said. “But these games shouldn’t happen. You can literally see it with both teams … A national TV game with two elite teams should be with a day off, and (then) they play the game.“That’s the way you want it; that’s how we all want it.”last_img read more

Wenger gets boost as Arsenal sink Watford

first_imgOzil was equally profligate when he weaved through on goal, only to clip his shot too close to Karnezis.There was less assurance about Arsenal towards the end of the half and Cech had to plunge to his left to save Richarlison’s header.But Watford couldn’t take advantage and Granit Xhaka’s 20-yard blast after the interval almost deceived Karnezis before he grabbed the ball just before it crossed the line.With the momentum back in their favour, Aubameyang doubled Arsenal’s lead in the 59th minute.Mkhitaryan was the catalyst, slipping a pass to Aubameyang, who beat the Watford offside trap and rounded Karnezis before slotting in his third goal since his club-record move from Borussia Dortmund in January.There was more cause for Wenger to wear a rare smile a few minutes later.Ainsley Maitland-Niles conceded a penalty with a foul on Pereyra, but when Deeney stepped up to take the spot-kick, Cech made a fine save that preserved his 200th clean sheet in the Premier League.Mkhitaryan bagged his second goal in successive matches with a low strike that crept under Karnezis in the 77th minute.Share on: WhatsApp Shkodran Mustafi’s early opener and a cool finish from Pierre-Emerick Aubameyang put them in control.In a moment of sweet vindication, Watford captain Troy Deeney, who had questioned Arsenal’s spirit earlier this season, had a second-half penalty saved by Petr Cech.Henrikh Mkhitaryan’s strike wrapped up the points, but there was concern for Wenger as Mustafi limped off in the closing stages.Arsenal, who had lost eight of their previous 14 matches in all competitions, remain in sixth place and trail fourth-placed Tottenham by 10 points ahead of their rivals’ trip to Bournemouth later on Sunday.Winning the Europa League guarantees qualification for next season’s Champions League and, with Arsenal’s hopes of achieving that goal via a top-four finish looking bleak, it was no surprise Wenger prioritised the continental competition.With the second leg against Milan looming on Thursday, Wenger rested Aaron Ramsey and Laurent Koscielny and left Jack Wilshere on the bench.Aubameyang was one of the established stars who started for Arsenal and the Gabon striker should have opened the scoring when he raced onto Mesut Ozil’s pass and shot straight at Watford goalkeeper Orestis Karnezis. London, United Kingdom | AFP | Arsene Wenger received a welcome boost as Arsenal eased a little of the pressure on their beleaguered boss with a 3-0 win over Watford on Sunday.After a wretched run left Wenger fighting to save his job, a 2-0 win at AC Milan in the Europa League on Thursday offered the Frenchman temporary respite from the torrent of abuse he has endured this season.Maintaining the momentum from that last-16 victory in the San Siro, Wenger’s side ended a run of three successive Premier League defeats with a solid display at the Emirates Stadium. Deeney had infuriated Arsenal by accusing them of a lack of “cojones” after Watford beat Wenger’s men in October.Fuelled by that jibe, Arsenal took the lead in the eighth minute.When Ozil swung a deep free-kick towards the far post, Mustafi punished slack marking by Jose Holebas and Adrian Mariappa as the German defender powered a close-range header past Karnezis.– Rare smile –Watford weren’t fazed and Abdoulaye Doucoure’s low strike deflected off Mustafi to force a good save from Cech.Cech alertly kept out Richarlison’s dipping free-kick, but Roberto Pereyra should have done better than blaze the rebound over. For the second successive home game, a significant amount of seats were empty as fans stayed away in protest at Wenger’s woes.The subdued atmosphere lent an ‘end of an era’ feel to the match, but it didn’t bother Arsenal, who had a point to prove to Watford captain Deeney.last_img read more