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European Stocks Mixed; Virus and Brexit Talks in Focus

By Peter Nurse  Investing.com - European stock markets traded mixed Monday, with investors focusing on virus concerns and ongoing Brexit trade negotiations at the end of a positive month. At 3:55 AM ET (0855 GMT), the DAX in Germany traded largely flat, the CAC 40 in France fell 0.4%, while the U.K.'s FTSE 100 index rose 0.3%. Largely positive news surrounding potential vaccines...

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Japan October factory output rises for fifth month, retail sales jump

By Daniel Leussink TOKYO (Reuters) - Japan's industrial output rose for the fifth straight month in October, fuelled by stronger machinery and car production, suggesting the economic is recovering further from the damage caused by the COVID-19 crisis. The world's third-largest economy rebounded sharply in the third quarter from a pandemic-induced slump, thanks to a record surge in private consumption and stronger...

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Field narrows for global miner Rio Tinto’s top job

By Melanie Burton and Helen Reid MELBOURNE/JOHANNESBERG (Reuters) - Rio Tinto (LON:RIO) will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be...

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German banks should brace for insolvencies, hold off dividends – BuBa’s Buch

BERLIN (Reuters) - German banks have sufficient capital buffers to weather the COVID-19 crisis but should prepare for a rise in insolvencies and refrain from paying out dividends for now, Bundesbank Vice President Claudia Buch said in a newspaper interview published on Sunday. The German government has temporarily waived an obligation to file for insolvency to avoid a wave of corporate bankruptcies...

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EU budget rules need adjustment but no debt cancellation, says Gentiloni

MILAN (Reuters) - European Union budget rules need to be more consistent with expected higher levels of sovereign debt, the bloc's economics commissioner said, but dismissed calls to cancel debt amassed during the coronavirus crisis. The idea of debt cancellation has been raised by Italy's co-ruling 5-Star Movement, backing a proposal by EU Parliament President David Sassoli. "In Europe debts cannot be...

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