Woodford flagship fund to close
27 October 2019 | 4:14 pm
It’s game over for Neil Woodford’s flagship investment vehicle. The equity income fund is getting liquidated and the embattled money manager has been ousted with immediate effect. This marks the latest chapter in a dramatic reversal of fortunes for the U.K.’s former star stock picker. Bloomberg’s Suzy Waite reports on “Bloomberg Markets: European Open.”
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Judges have ruled that Germany should be able to take part in the EU's €750-billion COVID-19 reconstruction fund. The court rejected two complaints that participation hands too much power from Berlin to Brussels.
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In addition to private investment totaling some $7 billion, US Vice President Kamala Harris announced that Washington would provide federal investment to boost access to climate information services.
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