Today's Top Story
Analysis: Investors weigh prospects for U.S. corporate earnings as stocks set records
NEW YORK (Reuters) - As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year's projected profit rebound will be strong enough to add fuel to the rally. Read More
Business News
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S&P Global in advanced talks to buy IHS Markit for about $44 billion: WSJ
(Reuters) - S&P Global Inc is in advanced talks to buy London-based IHS Markit Ltd for about $44 billion in a deal that would combine two major data providers, the Wall Street Journal reported https://www.wsj.com/articles/s-p-global-in-advanced-talks-to-buy-ihs-markit-for-about-44-billion-11606697244?mod=latest—headlines on Sunday, citing people familiar with the matter.
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Global shares take a breather after stellar month, China data upbeat
SYDNEY (Reuters) - World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed concerns about the coronavirus pandemic in the near-term.
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EU proposes new post-Trump alliance with U.S. in face of China threat: Financial Times
(Reuters) - The European Union is seeking to forge a new alliance with the United States to bury the tensions of the Trump era and meet the challenges posed by China, the Financial Times reported on Sunday, citing a draft plan.
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Economic News
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Exclusive: Trump to add China's SMIC and CNOOC to defense blacklist - sources
WASHINGTON (Reuters) - The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
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Global shares take a breather after stellar month, China data upbeat
SYDNEY (Reuters) - World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed concerns about the coronavirus pandemic in the near-term.
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Analysis: Investors weigh prospects for U.S. corporate earnings as stocks set records
NEW YORK (Reuters) - As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year's projected profit rebound will be strong enough to add fuel to the rally.
- More Economic News»
Money News
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Canadian pension funds, insurers seeking private debt face shrinking pool of lower-risk firms
TORONTO (Reuters) - Canadian pension funds and insurers are facing a shrinking universe of higher-quality private debt investments to lift returns in a low-yield world, as the coronavirus pandemic has crushed many businesses, while banks maintain lending to better ones.
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Blackstone, JD.com among bidders for FANCL Asia business: sources
HONG KONG (Reuters) - Blackstone and Chinese online retailer JD.com are among more than 10 parties to bid for CMC Holdings, the sole distributor of FANCL's skincare products in Asia outside Japan, people with direct knowledge of the matter said.
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Hedge funds sold Moderna, BioNtech shares before vaccine news
BOSTON (Reuters) - A number of hedge funds sold positions in two drug companies leading the race to a coronavirus vaccine in the quarter before both announced breakthroughs that lifted their stock prices, while a few took stakes in the companies during that time.
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