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RBA Boosts Defense of Yield Target With A$3 Billion Purchase By Bloomberg

(Bloomberg) -- Australia’s central bank dived back into the market for three-year bonds for a second time this week as bets on a new commodities supercycle and global inflation push yields above its target. The yield edged closer to the 0.1% target after the Reserve Bank of Australia announced on Thursday that it would buy A$3 billion ($2.4 billion) of securities maturing April...

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Bayer fourth-quarter core earnings down 3%, below market view By Reuters

FRANKFURT (Reuters) - Bayer (DE:BAYGN) said fourth-quarter core earnings edged 3.4% lower as competition in the North American agriculture market offset stronger sales of stroke prevention pill Xarelto. Quarterly core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, came in at 2.39 billion euros, below an average estimate of about 2.5 billion euros. ...

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St James’s Place aims for 200 billion pounds in FUM by 2025-end as profit jumps By Reuters

(Reuters) - St. James's Place posted a 75% surge in annual profit on Thursday, helped by markets' recovery from the COVID-19 pandemic fallout, and aims for a target of more than 200 billion pounds ($283.08 billion) in funds under management by the end of 2025. The wealth manager, part of the FTSE 100 blue-chip index, said the final dividend it withheld...

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Aston Martin sees losses deepen as sales tumble By Reuters

LONDON (Reuters) - Carmaker Aston Martin went further into the red with a 466 million-pound ($660 million) pre-tax loss as sales tumbled in 2020 during a turbulent year when the firm brought in a billionaire investor, changed boss and was hit by the pandemic. In 2021, it expects "to see the first steps towards improved profitability" and on Thursday maintained an outlook...

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U.S. Stocks Could See $170 Billion Stimulus Boost, Deutsche Says By Bloomberg

(Bloomberg) -- U.S. stimulus checks could unleash a $170 billion wave of fresh retail inflows to the stock market, according to Deutsche Bank AG (NYSE:DB) strategists. A survey of retail investors showed respondents planned to put 37% of their stimulus cash directly into equities, a team including Parag Thatte wrote in a note Wednesday. With potentially $465 billion of direct stimulus being planned,...

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Xi Jinping Puts Personal Stamp on China’s Fight Against Poverty By Bloomberg

(Bloomberg) -- President Xi Jinping led a ceremony highlighting Beijing’s efforts to end extreme poverty, the Chinese leader’s latest push to use the historic achievement to consolidate power before his second term ends next year. Xi handed out awards to individuals involved in the campaign Thursday and was expected to give a speech touting China’s progress in its fight to end poverty. The...

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World stocks’ dance to continue, but inflation could mute the music – Reuters poll By Reuters

By Vivek Mishra and Rahul Karunakar BENGALURU (Reuters) - The bull-run in global stocks fuelled by cheap cash and reflation hopes will continue for at least another six months but a rise in bond yields as inflation expectations grow could throw a spanner in the works, Reuters polls found. Despite severe economic damage from the pandemic, MSCI's global stock index -- which...

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Facebook bans Myanmar military from its platforms with immediate effect By Reuters

SINGAPORE (Reuters) - Facebook (NASDAQ:FB) on Thursday said it had banned the Myanmar military from using its Facebook and Instagram platforms with immediate effect, as weeks of mass demonstrations continue in the Southeast Asian country after the military seized power. "Events since the February 1 coup, including deadly violence, have precipitated a need for this ban," Facebook said in a blog post....

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United 777 plane flew fewer than half the flights allowed between checks – sources By Reuters

By David Shepardson WASHINGTON (Reuters) - A United Airlines plane with a Pratt & Whitney engine that failed on Saturday had flown fewer than half the flights allowed by U.S. regulators between fan blade inspections, two sources with knowledge of the matter said. The Boeing (NYSE:BA) Co 777 plane had flown nearly 3,000 cycles, equivalent to one take-off and landing, which compares...

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StanChart restores dividend, reaffirms targets as COVID-19 halves profit By Reuters

By Alun John and Lawrence White HONG KONG/LONDON (Reuters) - Standard Chartered PLC (L:STAN) on Thursday restored its dividend and reaffirmed its long-term profit goals, in a show of confidence about its ability to recover from the impact of the COVID-19 pandemic even as its annual profit more than halved. StanChart, noted however, that overall income in 2021 is...

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