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British insurer RSA profit rises ahead of takeover By Reuters

LONDON (Reuters) - British insurer RSA's 2020 operating profit rose 15% to 751 million pounds ($1.05 billion), it said on Friday, ahead of an anticipated takeover by Denmark's Tryg and Canada's Intact Financial. The car, home and commercial insurer said strong underwriting discipline had helped its performance. RSA started life in 1706 and is best known in Britain for its "More Than"...

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Planemaker Airbus unveils emissions data amid climate pressure By Reuters

By Tim Hepher PARIS (Reuters) - European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their products, as aviation aims to reshape itself after the coronavirus crisis. Major companies are under increasing pressure from investors and climate change activists to report the emissions that result when customers use their products, known as "Scope 3". Airbus...

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UK’s Pets At Home raises annual profit forecast for third time By Reuters

(Reuters) - Britain's Pets At Home on Friday lifted its annual underlying pre-tax profit forecast for the third time in six months, boosted by surging demand for all its products as people turned to pets for comfort during the COVID-19 pandemic. The company, which was able to keep its shops open during the latest lockdown in Britain, forecast full-year underlying pretax...

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Powell Is Patient But Markets Aren’t, Challenging New Fed Policy By Bloomberg

(Bloomberg) -- After Federal Reserve Chair Jerome Powell spent two days telling U.S. lawmakers the economy is in no state to be thinking about monetary tightening, financial markets on Thursday suddenly started pricing in a rapid -- and perhaps too-hot -- recovery. The axis of tension is the new policy framework the Fed put in place last year. It dictates the central bank...

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Analysis: Investors jumping the gun as TIPS, futures flag early Fed tightening By Reuters

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Some investors may be getting ahead of themselves as they price in a move by the Federal Reserve to pivot away from an ultra-easy monetary policy sooner than most expected just weeks ago. Two key market indicators - rising yields on U.S. Treasury Inflation-Protected Securities (TIPS) and eurodollar futures - are suggesting a tightening of...

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Analysis: Hyundai bought chips when rivals didn’t; its assembly lines are still rolling By Reuters

By Joyce Lee SEOUL (Reuters) - Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three people with knowledge of the matter said. The shortage has forced production cuts worldwide, including at Volkswagen...

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Exclusive: China’s Huawei, reeling from U.S. sanctions, plans foray into EVs – sources By Reuters

By Julie Zhu and Yilei Sun HONG KONG/BEIJING (Reuters) - China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift. Huawei Technologies Co Ltd is in talks with state-owned Changan Automobile and other automakers to use...

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