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Exclusive: Germany’s Allianz nears $2.9 billion deal for Aviva Poland – sources By Reuters

By Pamela Barbaglia, Stephen Jewkes and Carolyn Cohn LONDON (Reuters) - German insurer Allianz (DE:ALVG) is nearing a 2.5 billion euro ($2.94 billion) deal to buy Aviva (LON:AV)'s Polish unit, trumping rival bids from Italy's Generali (MI:GASI) and Dutch insurer NN, sources familiar with the matter told Reuters. Allianz is close to entering exclusive talks with Aviva and a deal...

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China sanctions UK entities, individuals over Xinjiang ‘lies and disinformation’ By Reuters

(Reuters) - China's foreign ministry said on Friday it sanctioned organisations and individuals in the United Kingdom over what it said were lies and disinformation about the situation in the western Xinjiang region. The ministry said in a statement it has sanctioned four entities and nine individuals, banning the relevant people and their family members from entering Chinese territory, and banning...

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Dutch PM is cautiously optimistic EU-UK vaccine dispute can end soon By Reuters

BRUSSELS (Reuters) - Dutch Prime Minister Mark Rutte expressed optimism on Thursday that Britain and the European Commission could soon resolve a dispute over AstraZeneca (NASDAQ:AZN), which the EU believes is favouring Britain in supplies of its COVID-19 vaccines. "I think a landing spot is possible here, in a spirit of win-win. I am cautiously optimistic that the issue between the UK...

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Greensill Capital files for bankruptcy protection in New York By Reuters

(Reuters) - British fund Greensill Capital on Thursday filed for Chapter 11 bankruptcy protection in New York, days after it filed for insolvency in Britain. Greensill began to unravel earlier this month when its main insurer stopped providing credit insurance on $4.1 billion of debt in portfolios it had created for clients including Swiss bank Credit Suisse (SIX:CSGN). ...

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EU asks Britain, others, to export vaccines as it does By Reuters

BRUSSELS (Reuters) - The head of the European Commission said on Thursday Europe was the biggest vaccine exporter in the world and challenged other producers of COVID-19 jabs to match that openness. The EU has been criticised, especially by vaccine-maker Britain, for "vaccine nationalism" because of its recently introduced vaccine exports monitoring mechanism designed to explain why the EU is not getting...

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S&P 500 Snaps 2-Day Losing Streak as Tech U-Turn Triggers Rally By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 snapped a two-day losing streak Thursday as tech found its footing following a recent drumming that some on Wall Street say pressured stocks to oversold levels that may be too attractive too ignore.   The S&P 500 was up 0.55%, the Dow Jones Industrial Average rose 0.62%, or 199 points, the Nasdaq Composite was up 0.12%,...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.51% By Investing.com

Investing.com – U.K. equities were lower at the close on Thursday, as losses in the Tobacco, Oil & Gas Producers and Industrial Metals & Mining sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.51%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Persimmon PLC (LON:PSN), which rose...

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GameStop leads meme stocks higher with Koss, AMC surging too By Reuters

By Sinéad Carew (Reuters) - GameStop (NYSE:GME) and other so-called meme stocks surged on Thursday, as investors piled into the shares after a tumble in the previous session. Shares in video-game retailer GameStop closed up 52.7% at $183.75 with brisk trading volume after rising as high as $187.50 late in the session. The company's shares remained down 8.2% for the week...

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Personal Spending, Michigan Sentiment, March Madness: 3 Things to Watch By Investing.com

By Christiana Sciaudone Investing.com -- Markets closed higher, strengthening after an early dip as investors went bargain-hunting. Choppiness, however, is likely to continue.   Tech was responsible for much of the bounce, while lower oil prices dragged down energy stocks. Oil ended lower 4% as European Covid worries continue. President Joe Biden said in his first press conference that he's doubling his target to...

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EU export restrictions on COVID shots would be ‘lose-lose’ situation – Pfizer executive By Reuters

By John Miller ZURICH (Reuters) - European Union export restrictions on COVID-19 vaccines would result in a 'lose-lose' situation for everyone, including EU members, a Pfizer (NYSE:PFE) executive said, a day after the bloc tightened oversight of shot deliveries beyond its borders. The EU's action would give it greater scope to block shipments to countries with higher inoculation rates such...

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