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PRESS DIGEST – Wall Street Journal – Jan 17

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Jan 17 (Reuters) – The following are the top stories in The Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Microsoft Corp is pledging to eliminate its carbon emissions and invest $1 billion as part of a wider climate commitment, raising the stakes in the corporate Read More

PRESS DIGEST- New York Times business news – Jan 17

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Jan 17 (Reuters) – The following are the top stories on The New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – The number of babies born in China last year fell to a nearly six-decade low, according to the National Bureau of Statistics. nyti.ms/3ain8mU – Read More

Japan’s MUFG says to hold press conference at 0750 GMT on personnel change

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TOKYO, Jan 17 (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s biggest lender, said on Friday it will hold a press conference at 0750 GMT on personnel change, after media reported the lender would promote its deputy president to CEO. Deputy President Hironori Kamezawa, who has led the group’s digital strategy, would be the Read More

GLOBAL MARKETS-World shares up as China data fuels bets on growth

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LONDON/SHANGHAI (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand worldwide as the Chinese growth data, Read More

UPDATE 1-European shares at record high as cross-Atlantic trade tensions abate

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(Reuters) – European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

UPDATE 1-Asset manager GAM Holding sees 2019 break-even after outflows

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(Adds market reaction) ZURICH, Jan 17 (Reuters) – Swiss asset manager GAM Holding expects to break even for 2019 as performance fees improved, though it saw a sharp outflow of assets in the aftermath of a row with its former star fund manager. GAM called a truce with former star manager Tim Haywood last year Read More

METALS-Copper edges up as key China data lifts sentiment

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(Updates prices) By Mai Nguyen SINGAPORE, Jan 17 (Reuters) - London copper prices edged up on Friday after two sessions of losses, lifted by better-than-expected data from China - the world's biggest consumer of the malleable metal. China on Friday announced a slew of economic data for 2019, including gross domestic product, industrial production and Read More

REFILE-GLOBAL MARKETS-Asian shares firm as China data show signs of easing economic strains

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SHANGHAI (Reuters) – Asian shares rose on Friday after data in China showed pressure on the world’s second biggest economy may be starting to diminish. FILE PHOTO: Passersby are reflected on a screen displaying graphs of market indices outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato The news along with easing trade Read More

UPDATE 1-Japan’s MUFG says to promote deputy president Kamezawa to CEO

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FILE PHOTO: A man walks past in front of a sign board of Mitsubishi UFJ Trust and Banking Corporation, the asset management unit of Japan’s Mitsubishi UFJ Financial Group Inc. (MUFG), in Tokyo, Japan July 31, 2017. REUTERS/Issei Kato TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T), Japan’s biggest lender by assets, said Read More

TREASURIES-U.S. yields up on strong bank earnings and economic data

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(Adds market activity, fixed income strategist comment) By Ross Kerber BOSTON, Jan 16 (Reuters) - U.S. Treasury yields rose on Thursday on positive economic data and bank earnings, and higher demand for stocks. The benchmark 10-year yield was up 2.1 basis points in afternoon trading at 1.8091%. U.S. equity indexes hit record highs on optimism Read More