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Payrolls, Bitcoin $40k, Hyundai’s Apple Gaffe – What’s up in Markets By Investing.com

By Geoffrey Smith  Investiing.com -- Donald Trump disavows his supporters’ violence as Democrats call for his immediate removal from power. Nonfarm payrolls are set for their worst number since May, Hyundai gets ahead of itself in announcing talks with Apple over car manufacturing, and (Bitcoin) hits $40k, less than a month after hitting $20k. Here’s what you need to know in financial markets on...

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Commerzbank to write off 1.5 billion euros in goodwill, increases risk provisions By Reuters

FRANKFURT (Reuters) -Commerzbank said on Friday it would write off existing goodwill of 1.5 billion euros ($1.84 billion) and also increased its risk provisions related to the coronavirus pandemic. The charges will be taken for the 2020 financial year, the bank said. They suggest the bank will post a larger loss than analysts had been expecting. The bank said that the goodwill...

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StockBeat: Fish Gives Way to Chips as Europe’s Hot Story By Investing.com

By Geoffrey Smith  Investing.com -- Europe ended last year with a heated dispute about fish. Could the first hot story of 2021 be about chips?  Shares in Germany's Infineon  (DE:IFXGn) and Dutch-based NXP Semiconductors (NASDAQ:NXPI) have soared to record highs this week, distinguishing themselves even in the middle of an indiscriminate "everything rally" predicated on the expectation of more...

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UK’s competition watchdog to probe Google’s browser changes By Reuters

(Reuters) -UK's competition watchdog said on Friday it has launched an investigation into Google's proposals to remove third-party cookies and other functions from its Chrome browser, following concerns it would curb rival digital advertising. The investigation will assess whether the proposals could cause advertising spend to become even more concentrated on the ecosystem...

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Marston’s expects lockdown-led pub closures until March By Reuters

(Reuters) -British pub operator Marston's Plc on Friday said it expects pubs to be closed at least until March as part of the national lockdown imposed earlier this week, with some curbs to remain even after businesses are allowed to reopen. Pubs, restaurants and other leisure businesses have been battered by coronavirus-induced curbs, and their prospects were further hammered as Britain announced...

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M&S clothing sales hammered by lockdowns in Christmas quarter By Reuters

LONDON (Reuters) - Britain's Marks & Spencer on Friday reported another big fall in clothing and homewares sales in its Christmas quarter, hurt by the COVID-19 pandemic hitting demand and restrictions to stem the virus closing stores. Marks & Spencer (M&S), one of the best known names in UK retail, said revenue in its clothing and home division slumped 25.1% in the...

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