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Anything goes in whacky world of emerging market debt

By Tom Arnold and Marc Jones LONDON (Reuters) - The coronavirus vaccine euphoria sweeping world markets is fuelling a mad dash into developing world debt that is shattering all previous boundaries and records, and shows no sign of slowing. Vaccine breakthroughs, the U.S. election result and the $15 trillion pile of mostly developed world negative-yielding debt means that almost anything with...

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Japan seen raising economic growth forecasts for next fiscal year – Nikkei

TOKYO (Reuters) - Japan's government is preparing to raise its estimate for next fiscal year's real gross domestic product due to a boost from its latest stimulus package, the Nikkei newspaper reported on Thursday. The economy is expected to expand by about 4.0% in the fiscal year starting April 2021, the Nikkei said, without saying where it got the information. That compared...

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Stocks loiter at record highs, waiting for Congress; oil jumps

By Tom Westbrook and David Henry SINGAPORE/NEW YORK (Reuters) - Asian stocks perched near record heights, the dollar languished at two-year lows and oil prices stood at their strongest since March on Thursday, as monetary support and the hope of fiscal stimulus in the United States put traders in a festive mood. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%...

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Exclusive: U.S., EU deal on aircraft subsidies should include China clause – USTR

By Andrea Shalal and David Lawder WASHINGTON (Reuters) - The United States and Europe should agree to cooperate in opposing any future "hurtful" subsidies used by China to build up its commercial aircraft industry, U.S. Trade Representative Robert Lighthizer told Reuters in an interview. Lighthizer said he was working to settle a 16-year-old dispute between Washington and Brussels over past government aid...

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Texas, nine U.S. states accuse Google of working with Facebook to break antitrust law

By Diane Bartz and Paresh Dave WASHINGTON (Reuters) -Texas and nine other states sued Google on Wednesday, accusing it of working with Facebook Inc (NASDAQ:FB) in an unlawful manner that violated antitrust law to boost its already-dominant online advertising business.The states asked that the Alphabet (NASDAQ:GOOGL) Inc-owned company, which controls a third of the global online advertising industry, compensate them...

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Insider trading conviction for ex UBS compliance officer upheld, says watchdog

LONDON (Reuters) - Britain's Appeal Court has upheld the convictions of ex UBS executive Fabiana Abdel-Malek and day trader Walid Choucair for insider dealing and ordered them to return to prison to complete their sentences, the Financial Conduct Authority said on Wednesday. After an FCA investigation and a trial at Southwark Crown Court in June 2019, former UBS compliance officer Abdel-Malik, and...

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Britain and U.S. sign agreement to ensure smooth post-Brexit trade

LONDON (Reuters) - Britain and the United States on Wednesday signed an agreement on customs processes to keep trade flowing smoothly between the two countries when Britain fully leaves the orbit of the European Union at the end of the year. "This is an important agreement that ensures continuity post EU exit, and demonstrates the strength of the US-UK customs relationship," British...

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Twitter Jumps to Six-Year Peak After JPMorgan High-Five

By Christiana Sciaudone Investing.com --  Twitter Inc (NYSE:TWTR) jumped 5.6% after getting a boost from JP Morgan as one of the bank's top picks for 2021. Analysts Doug Anmuth upgraded the stock to a buy-equivalent from neutral and bumped the price target to $65 from $52, according to StreetInsider.  Shares are trading at their highest since 2014, and are...

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