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Clariant chairman Kottmann to exit, bowing to SABIC pressure By Reuters

ZURICH (Reuters) - Clariant Chairman Hariolf Kottmann said he would not stand for re-election to the group's board of directors at the annual general meeting in April, bowing to pressure from biggest shareholder Saudi Basic Industries Corporation (SABIC). The Swiss chemicals maker will instead propose to elect Guenter von Au as new chairman of the board and will also propose an ordinary...

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Asian factories show mixed performance as pandemic’s pain lingers By Reuters

By Leika Kihara TOKYO (Reuters) - Manufacturing in China and Japan suffered in January, while South Korea and Taiwan saw improvement amid a resurgence in coronavirus infections, underscoring the fragile nature of the region's economic recovery. Factory activity rose in major chip exporters South Korea and Taiwan, as they benefited from continued brisk demand for semiconductors crucial to work-from-home IT goods. But...

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Shares of HNA’s listed units slump as creditors seek bankruptcy By Reuters

SHANGHAI (Reuters) - Shares in listed firms linked to HNA Group slumped in early trade on Monday, after the embattled Chinese conglomerate disclosed that its creditors had applied for its bankruptcy. HNA, once one of China's most aggressive dealmaking firms, said on Friday its creditors had applied to a Hainan court for its restructuring as well. Shares of Hainan Airlines Holding,...

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COVID vaccines offered to all care homes in England, says NHS By Reuters

LONDON (Reuters) - England's health service said it expected later on Monday to have offered the COVID-19 vaccine to residents at every care home with older residents in the nation, in what British Prime Minister Boris Johnson called "a crucial milestone". Britain, which has one of the world's highest COVID death tolls, is one of the first countries to roll out its...

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Liverpool back in groove, rivals slip up By Reuters

LONDON (Reuters) - Liverpool stayed in touch with Premier League leaders Manchester City as Mohamed Salah's double earned them a comfortable 3-1 win at West Ham United but Leicester City and Tottenham Hotspur both suffered disappointing defeats on Sunday. Chelsea's new manager Thomas Tuchel enjoyed his first victory as his side eased to a 2-0 win at home to Burnley. For the...

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Scotland’s Conservative Party leader calls bid for independence vote reckless By Reuters

LONDON(Reuters) - The governing Conservative Party's Scottish leader will accuse the nation's first minister, Nicola Sturgeon, on Monday of putting her "party before pandemic", calling the timing of her plans to hold a second independence vote was reckless. Sturgeon said this month she was hoping that a strong performance by her Scottish National Party (SNP) in an election in May would give...

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Shell targets power trading and hydrogen in climate drive By Reuters

By Ron Bousso LONDON (Reuters) - Royal Dutch Shell (LON:RDSa) is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources said. Shell and its European rivals are seeking new business models to reduce their dependency on fossil...

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Wall Street gears up for second bout against Reddit traders By Reuters

By Svea Herbst-Bayliss and Sujata Rao BOSTON/LONDON (Reuters) - Wall Street is gearing up for another week of market mayhem, with signs that the retail frenzy that pumped up the stock prices of the likes of GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc is spreading to other assets. Some of Wall Street's largest hedge funds are still licking...

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