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BOJ’s Kuroda vows more stimulus if pandemic derails recovery By Reuters

By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Thursday reaffirmed the bank's readiness to expand monetary stimulus if the coronavirus pandemic threatened to derail a fragile economic recovery. Kuroda said the world's third-largest economy was picking up, sticking to the BOJ's optimistic view even as an expanded state of emergency declared on Wednesday heightened fears of another...

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China’s Xi asks Starbucks’ Schultz to help promote U.S.-China cooperation – state media By Reuters

SHANGHAI (Reuters) - Chinese President Xi Jinping encouraged Starbucks (NASDAQ:SBUX)' former chairman Howard Schultz and the coffee company to play an active role in promoting U.S.-China trade cooperation and bilateral ties, state media reported on Thursday. State broadcaster CCTV said Xi made the remarks in a message when replying to Schultz, who also holds the honorary title of Starbucks' chairman emeritus....

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Alibaba’s Cainiao launches container booking service, cites global cargo woes By Reuters

SHANGHAI (Reuters) - Alibaba (NYSE:BABA) Group's Cainiao launched a container booking service for air and sea freight on Thursday, and said the move was in response to a global shortage of shipping containers that had pushed cargo costs to record highs. The logistics firm that underpins delivery for Alibaba's e-commerce marketplaces said its service would span over 200 ports...

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Indonesia to resume search for victims, black box of crashed Sriwijaya jet By Reuters

By Bernadette Christina Munthe JAKARTA (Reuters) - Indonesian divers prepared to resume a search on Thursday for the remains of 62 victims and the cockpit voice recorder from a Sriwijaya Air plane that plunged into the Java Sea soon after takeoff last weekend, officials said. The search at the crash site of the downed Boeing (NYSE:BA) 737-500, that was traveling from Jakarta...

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Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu: sources By Reuters

By Alexandra Alper and Humeyra Pamuk WASHINGTON (Reuters) - The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba (NYSE:BABA), Tencent (HK:0700) and Baidu (NASDAQ:BIDU), four people familiar with the matter said, providing a brief reprieve to Beijing's top corporates amid a broader crackdown by Washington. Washington nonetheless...

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Asia shares make cautious gains after Wall Street rises as U.S. yields fall By Reuters

(Reuters) - Asian equities made early trading gains on Thursday after a mixed session Wall Street buoyed by expectations of a U.S. stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump. U.S. Treasury yields posted their first full-session decline in 2021 after rising for six straight sessions as investors eyed more spending by the incoming...

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EU companies in China should ‘prepare for the worst’ in digital decoupling – report By Reuters

BEIJING (Reuters) - Digital decoupling between China and the United States could severely impact EU businesses in China and they should "prepare for the worst" and may be forced into a costly separation of their international operations, European business groups said. While political, trade and financial decoupling are concerning, China-U.S. rivalry in the technology sphere is set to cause the biggest upset,...

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Trillions of Dollars in Index Funds Are Distorting the S&P 500 By Bloomberg

(Bloomberg) -- Investors who poured trillions of dollars into index funds on the conviction that no one can beat the market may actually be making it easier to do just that. All that dumb money could be offering wily stock pickers a chance to buy smaller companies on the cheap, according to new research. Academics have shown that passive flows into the S&P...

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German haulier suspends UK-bound shipments to clear backlog of incorrect documents By Reuters

FRANKFURT (Reuters) - German logistics group DB Schenker said it would stop accepting Britain-bound goods for the time being after the Brexit trade deal between the European Union and Britain left customers confused over customs requirements. The haulier, a subsidiary of Germany's state-owned railway group Deutsche Bahn, said on Wednesday it needs to clear a backlog of missing or wrongly filled-in customs...

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White House still considering lifting European, Brazilian travel restrictions – sources By Reuters

By David Shepardson WASHINGTON (Reuters) - The White House is still considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil and much of Europe in the final days before President Donald Trump leaves office, two officials briefed on the matter said. Reuters first reported on Nov. 25 that the administration was actively considering lifting the ban after winning...

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