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Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country's financial regulator said on Thursday, lifting a moratorium it imposed in March 2020 and possibly paving the way for a boost to the sector's valuation.
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French insurer Axa announced the launch of a share buyback programme for up to 1.7 billion euros ($2 billion) on Thursday and said it was planning another next year.
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U.S. insurer MetLife Inc blew past Wall Street estimates for third-quarter profit on Wednesday, as strong investment gains helped cushion a hit from coronavirus-related claims.
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BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.
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There should be more women at the top of multilateral organisations to help alleviate the financial impact of climate change, Amanda Blanc, chief executive of British insurer Aviva and chair of a climate action group, said.