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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.51%

Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Beverage, Healthcare Equipment & Services and Electrical sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.51%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Samsung Electronics Co Ltd DRC (LON:0593xq), which rose 2.60% or...

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EU and China Seal Investment Agreement to Open Chinese Market

(Bloomberg) -- The European Union and China announced the political approval of a long-sought agreement to open the Chinese market further to EU investors, marking an economic victory for both sides. The breakthrough in negotiations on an EU-China investment accord signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record on human rights. The accord could...

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Acadia to sell UK unit for $1.47 billion to Waterland Private Equity

(Reuters) -Acadia Healthcare Company Inc said on Wednesday it would sell its UK unit, The Priory Group, to Waterland Private Equity for about 1.08 billion pounds ($1.47 billion), more than four years after acquiring the business. The company said it expects proceeds of about $1.35 billion from the sale, with the amount set to be used for paying down debt. Shares...

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AstraZeneca says working to get its vaccine approved in Brazil as fast as possible

RIO DE JANEIRO (Reuters) - AstraZeneca said on Wednesday it is working efficiently and transparently to bring its vaccine to Brazil as fast as possible, adding that it remains committed to seeking full regulatory approval in Brazil after authorization in the UK. In a statement, AstraZeneca said it would keep up the ongoing submission of its late-stage trial results, but...

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McConnell Defies Trump, U.K. OKs Astra Vaccine, Bitcoin ATH – What’s up in Markets

By Geoffrey Smith  Investing.com -- Senate Leader Mitch McConnell thwarts Donald Trump’s plan for higher stimulus payments, the U.K. approves the AstraZeneca/Oxford University vaccine, and Bitcoin reaches another all-time high. Here’s what you need to know in financial markets on Wednesday, December 30th. 1. McConnell defies Trump’s stimulus call President Donald Trump’s efforts to increase the part of the recent $900 billion stimulus package...

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Analysis-Cuba’s looming monetary reform sparks confusion, inflation fears

By Sarah Marsh and Nelson Acosta HAVANA (Reuters) - A major monetary reform that will hike prices and state wages in Cuba starting on Friday is sparking widespread uncertainty as the Communist-run island resumes market-oriented changes to its Soviet-style economy after years of flip-flopping. The reform, announced earlier this month by President Miguel...

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Giuseppe Conte Says Italy Won’t Use All EU Recovery Funds Over Debt Concerns

(Bloomberg) -- Prime Minister Giuseppe Conte said Italy won’t make full use of European Union pandemic recovery funds amid growing concerns over rising public debt and the country’s ability to effectively use the funds. “We cannot use all the loans that we’re given,” Conte said on Wednesday during his year-end press conference in Rome. “There is a limit, we have to be credible...

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