19 January

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China Top Financial Watchdog Blasts ‘State Monopoly’ Accusation By Bloomberg

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(Bloomberg) -- China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more with global trade rules. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said the accusations are a big “misunderstanding” of how its economy operates. Private...

19 January

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BOJ’s policy review may make ETF buying more flexible – Reuters poll By Reuters

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By Kaori Kaneko TOKYO (Reuters) - The Bank of Japan will likely focus on measures to make its purchases of risky assets, such as exchange-traded funds (ETF), more flexible as the economy comes under growing strain from a spike in COVID-19 infections, a Reuters poll found. Analysts polled also revised down their economic projection for the fiscal year ending in March on...

19 January

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Samsung stocks rebound but Lee’s detention raises doubts on pledges for change By Reuters

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By Joyce Lee SEOUL (Reuters) - Shares in Samsung Electronics (LON:0593xq) and affiliates rebounded on Tuesday, reversing losses stemming from Samsung Electronics Vice Chairman Jay Y. Lee's receiving a two-and-a-half year prison term on Monday. Analysts said the short-lived impact of Lee's detention on share prices is similar to what happened the first time Lee was imprisoned in 2017, despite what may...

19 January

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Indonesia air crash investigator hopes for recovery of cockpit voice recorder By Reuters

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JAKARTA (Reuters) - Indonesia's air accident investigator is still hoping to recover the cockpit voice recorder (CVR) from a crashed Sriwijaya Air jet to better understand information obtained from the flight data recorder (FDR), an official said on Tuesday. The 26-year-old Boeing (NYSE:BA) Co 737-500 plane crashed into the Java Sea shortly after take-off from Jakarta on Jan. 9 with 62 people...

19 January

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Lindt & Spruengli H2 sales recover thanks to European chocolate lovers By Reuters

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ZURICH (Reuters) - Swiss chocolate maker Lindt & Spruengli said on Tuesday it expected to further gain market share this year after consumers fighting COVID frustration with Lindor chocolate balls helped sales recover in the second half of 2020. Eating and cooking at home during the pandemic, many consumers spent more on...

19 January

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China state planner to roll out targeted measures to help companies By Reuters

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BEIJING/SHANGHAI (Reuters) - China's state planner said on Tuesday that it will roll out more targeted measures to help companies, an official told reporters at a briefing. China also still needs to make efforts to maintain stable economic operations, said Yan Pengcheng, a spokesperson for the National Development and Reform Commission. ...

19 January

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Logitech reports 192% jump in quarterly operating income By Reuters

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(Reuters) - Logitech International increased its non-GAAP operating income by 192% in the third quarter, the computer peripherals maker said on Tuesday, as the COVID-19 pandemic boosted demand for its home-working products and gaming accessories. Excluding items, the Swiss-U.S. company's net profit rose to $2.45 per share in the three months to the end of December, up from $0.84 per share a...

19 January

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Asia shares look to China for recovery lead, earnings in focus By Reuters

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By Wayne Cole and Julie Zhu SYDNEY/HONG KONG (Reuters) - Asian shares climbed on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed the world's second-largest economy was one of the few to grow over 2020 and...

19 January

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Departing EXIM chief urges Biden team to counter Chinese lending dominance By Reuters

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By Andrea Shalal and David Lawder WASHINGTON (Reuters) - The head of the Export-Import Bank of the United States (EXIM) on Monday urged the Biden administration to keep pushing to neutralize Chinese export subsidies and help U.S. companies compete, building on gains made under Donald Trump. Chairman Kimberly Reed, a political appointee who will leave her job on Wednesday after 20 months...

19 January

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Gold Traders Wait for Yellen to Weigh In on Dollar and Stimulus By Bloomberg

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(Bloomberg) -- Gold steadied as investors awaited commentary from Treasury Secretary nominee Janet Yellen on the dollar and stimulus when she testifies on Capitol Hill a day ahead of Joe Biden’s inauguration as president. Yellen’s Senate confirmation hearing is likely to feature foreign-exchange policy, and will also serve as the first congressional forum where...

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China Top Financial Watchdog Blasts ‘State Monopoly’ Accusation By Bloomberg

BOJ’s policy review may make ETF buying more flexible – Reuters poll By Reuters

Samsung stocks rebound but Lee’s detention raises doubts on pledges for change By Reuters

Indonesia air crash investigator hopes for recovery of cockpit voice recorder By Reuters

Lindt & Spruengli H2 sales recover thanks to European chocolate lovers By Reuters

China state planner to roll out targeted measures to help companies By Reuters

Logitech reports 192% jump in quarterly operating income By Reuters

Asia shares look to China for recovery lead, earnings in focus By Reuters

Departing EXIM chief urges Biden team to counter Chinese lending dominance By Reuters

Gold Traders Wait for Yellen to Weigh In on Dollar and Stimulus By Bloomberg

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