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Sunak and Yellen discuss possible new allocation of SDRs – UK treasury By Reuters

(Reuters) - British finance minister Rishi Sunak and U.S. Treasury Secretary Janet Yellen spoke on the phone on Monday to discuss a possible new allocation of Special Drawing Rights (SDRs), the UK treasury department said in a statement. Both agreed that a new SDR allocation could form an important part of a package of support for low-income countries and could...

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Exclusive: AbbVie in talks to sell $5 billion women’s drugs portfolio – sources By Reuters

By Pamela Barbaglia and Arno Schuetze (Reuters) - U.S. drugmaker AbbVie Inc (NYSE:ABBV) is holding talks to sell a roughly $5 billion portfolio of women's drugs acquired last year through its $63 billion purchase of Botox maker Allergan (NYSE:AGN) Plc, sources familiar with the matter told Reuters. The move revives a process to sell the business, which makes Lo Loestrin...

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News Corp reaches three-year deal with Facebook in Australia By Reuters

(Reuters) - News Corp said on Monday it had reached a three-year agreement to provide Facebook Inc (NASDAQ:FB) users access to news in Australia. Last month, Australia's parliament passed a law that requires Alphabet (NASDAQ:GOOGL) Inc's Google and Facebook Inc to pay media companies for content on their platforms, after robust negotiations in which Facebook blocked all news content in...

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Huawei CFO lawyers seek to add more evidence contesting U.S. extradition By Reuters

By Moira Warburton and Sarah Berman VANCOUVER (Reuters) - Huawei Chief Financial Officer Meng Wanzhou's legal team sought to admit more evidence contesting the U.S. government's account of her fraud case in a Canadian court on Monday, promising it was the final attempt days after the judge threw out similar evidence. Meng, 49,...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.44% By Investing.com

Investing.com – Canada equities were higher at the close on Monday, as gains in the Telecoms, Healthcare and Clean Technology sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.44% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Shaw Communications Inc Class B (TSX:SJRb), which...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.96% By Investing.com

Investing.com – U.K. equities were lower at the close on Monday, as losses in the Oil Equipment Services & Distribution, Oil & Gas Producers and Mining sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.96%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Flutter Entertainment PLC (LON:FLTRF), which rose...

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Microsoft investigating issues with software services By Reuters

(Reuters) - Microsoft Corp (NASDAQ:MSFT) said on Monday it was investigating an access issue with its M365 services after hundreds of users reported problems with the company's workplace messaging app Teams and Office 365. Outage tracking website Downdetector.com showed that more than 9,100 people had reported issues with Teams, while over 1,100 users posted about problems with Office 365. ...

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Sterling knocked by EU legal action against Britain, Treasury yields surge By Reuters

By Joice Alves LONDON (Reuters) - Sterling fell again on Monday amid the recent rise in U.S. Treasury yields and as the European Union launched legal action against unilateral British changes to Northern Irish trading arrangements. The bloc sent a letter of formal notice to kick-start an "infringement procedure" as Brussels said the changes to arrangements breach the Brexit deal signed last...

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Exclusive: ECB expects data to vindicate 1.85 trillion euro purchasing scheme – policymaker By Reuters

By Andrei Khalip and Sergio Goncalves LISBON (Reuters) - The European Central Bank is hopeful brighter data in coming quarters will confirm that the amount of its 1.85 trillion euro ($2.21 trillion) Pandemic Emergency Purchase Programme set in December was appropriate, ECB policymaker Mario Centeno said. Centeno told Reuters on Monday the ECB would adjust the money-printing scheme, which has so far...

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