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They brushed aside concerns about a return to the dysfunction in markets that dominated the early days of the coronavirus pandemic. economist at Morgan Stanley and a former Treasury official. Fed Chair Jerome Powell to discuss the economy at a Wall Street Journal event on Thursday. It primarily invests in value and growth stocks of large cap companies. has boosted optimism about a quick rebound. Investors are betting that with a strong result, the government will reach out to the IMF in the near future. Liberty All Star Equity Fund was formed on October 31, 1986 and is domiciled in the United States. Euro Stoxx 50 contracts jumped 0. That brought the loss in February to 6. Jiangsu Football Club, owned by Suning since 2015, said over the weekend that it would cease operations, without elaborating. At the same time, Microsoft Corp. By contrast, shorter-dated euro-denominated notes have lost just 0. 1 billion of long-dated bonds -- double the usual amount -- in a regular operation. Unlike general bonds that are paid back with fiscal revenue, the special bonds are repaid with income generated from specific projects. Investors have become concerned about the prospect of higher inflation leading to tighter policy as the global recovery gathers pace, and traders are ramping up positioning for the Federal Reserve to start raising interest rates as soon as next year. So far this year, eight blank-check companies backed by Asian sponsors including Primavera Capital and Hopu Investment have gone public in the U. New World Development, whose businesses span across real estate, retail and infrastructure, is also looking for a senior executive to oversee its merger and acquisition activities in areas such as health care and logistics as it expands beyond property, Bloomberg News reported this month. A photo of the CPAC stage went viral on social media on Saturday, with thousands of Twitter users sharing posts comparing its distinctive design to an othala rune, one of many ancient European symbols that Nazis adopted to "reconstruct a mythic 'Aryan' past," according to the Anti-Defamation League. The company on Monday declined to comment further on the stake sale. Bloomberg Bloomberg -- Sovereign bonds extended a rebound, U. co-founder Bill Gates and Treasury Secretary Janet Yellen are among those signaling caution. Bloomberg Bloomberg -- In the showdown between traders and central bankers over rising bond yields, the Bank of England is aligned more with the relaxed views of the U. 6 billion, including secondary classes of the securities, according to data compiled by Bloomberg. As the global trading day shifts west, yields on German bunds look primed to decline, with attention also turning to bond-buying figures from the European Central Bank. Federal Reserve than peers in Asia and Europe that are trying to rein in markets. Healthcare workers in six government hospitals in the capital region received Sinovac Biotech vaccines donated by China on Sunday, the only doses the Philippines has received so far. Adnoc pumps almost all the oil and gas in the United Arab Emirates, the third-biggest crude producer in OPEC. January industrial-production numbers are due Tuesday, and final fourth-quarter GDP figures are scheduled for ThursdayThe won has lost 3. An earlier version of this story corrected a mention about metals. The government appointed Haifa Al Khaifi as head of EDO last month. Suning is an Evergrande supplier, and a collapse could have had ripple effects on its business. It then dropped as much as 32 basis points to 1. "The market is overpricing the chance of a near-term rate hike ," said Tohru Sasaki, JPMorgan's head of Japan market research in Tokyo. Bloomberg Bloomberg -- The Reserve Bank of Australia doubled down on bond purchases Monday, spurring the biggest drop in yields in a year as policy makers around the world seek to check runaway bets on reflation. 8 billion yuan of bonds will be payable this year for the two firms when they are confronting refinancing difficulties, Chengxin said in a report earlier this month. READ: Asian Stocks Rebound From Selloff on Tech Gains, Hang Seng MovesSovereign yields have jumped on the risk of faster inflation as economies accelerate. Most of the Adnoc board members were on the SPC. and Shenzhen Kunpeng Equity Investment Management Co. Treasury yields ended an already tumultuous week on Friday with another sharp move -- shifting suddenly lower as traders squeezed in their final business for the month. Bloomberg Bloomberg -- Eight years ago, when the taper tantrum roiled emerging markets, the so-called Fragile Five of Turkey, Brazil, South Africa, India and Indonesia suffered the most. Reuters President Joe Biden defended workers' rights to form unions and warned against intimidation of workers in a video posted on Twitter on Sunday night, as Amazon. Bloomberg Bloomberg -- The decision by embattled Chinese conglomerate Suning Appliance Group Co. It invests in the public equity markets of the United States. Policy makers have pushed back, but with trillions of dollars sloshing around economies courtesy of monetary and fiscal infusions and vaccination rollouts, investors have seen rising price pressures on the horizon. each, a "Fund" and together, the "Funds" have determined it is advisable and in the best interests of the Funds' shareholders to hold the August 20, 2020 Joint Annual Meeting of Shareholders the "Meeting" by telephone conference call without any in-person attendance. is more exposed than Asia because its stock market is costlier and has more growth shares, such as technology firms. Bernstein and Oanda Asia Pacific Pte see Asian stocks weathering a global surge in sovereign bond yields to stay ahead of their U. The 10-year yield dropped as much as 14 basis points amid month-end rebalancing from equities to bonds. A representative for New World said the company had no immediate comment. Debt servicing costs have averaged 1. Money-market traders last week priced-out any further interest-rate cuts after months of speculation that policy makers might push borrowing costs into negative territory. Governments will create more obstacles because they could lose billions of dollars in revenue from seigniorage -- the difference between the face value of money and the cost to produce it -- according to BCA. Their remarks suggest that the U. Treasury yields is threatening to wreak havoc on at least three of those nations. Updates with local government debt ratio in fifth paragraph. 42 billion, according to data compiled by Bloomberg. The Arena and FMLN parties, which dominated the country for decades, appeared to have fared poorly winning only about a quarter of votes cast between them. A falling gold price shows that the main concerns are about higher rates, over-riding any safe haven attraction to the yellow metal. Reuters China will improve detection technologies to find information protection "loopholes" as more effort is being made this year to regulate the country's huge mobile app market, the information technology minister said. Bitcoin is still up more than five times over the past year, a divisive rally pitting believers in a new asset class against naysayers who see a speculative bubble. The crown prince has largely run the country -- a federation of seven emirates including Abu Dhabi, the capital -- since 2014, when Sheikh Khalifa had a stroke. bonds were among the hardest-hit across developed markets, with yields on tenors of more than 10 years now a half percentage point above where they were a year ago before when the pandemic struck. Markets are also awaiting more from key global leaders this week, including Federal Reserve Chair Jerome Powell, who will deliver what are likely to be his final public comments before a mid-month policy meeting. in Bangalore, wrote in a client note. The graphic omitted the percentages obtained by each party. It would also alarm critics, including some U. The fund seeks to invest in stocks of companies operating across diversified sectors. The Turkish lira, Brazilian real and South African rand led major global declines last week in the worst developing-nation currency selloff since late September. The MSCI Asia Pacific Index was up 1. Silver, platinum and palladium all climbed. Bloomberg Bloomberg -- Netflix Inc. , according to people familiar with the matter, making him the latest Hong Kong tycoon to jump on the blank-check firm bandwagon. lawmakers, who say the Central American nation is sliding toward authoritarianism. Deliberations are at an early stage and details such as size and strategy could still change, they said. Yet if the amount is little changed it could convince investors to push on with reflation trades, which are effectively bets the ECB will tolerate higher borrowing costs as the economy begins to recover. Data Monday showed most key manufacturing economies gained ground last month, with China staying in expansionary territory. The same day, Malaysian policy makers are forecast to keep their benchmark rate at a record low of 1. ECB Executive Board member Isabel Schnabel said more stimulus could be added if the surge in yields hurts growth. PMI data released Monday showed manufacturing expanded in Indonesia, Philippines and Vietnam last month, while it continued to shrink in Malaysia and Thailand. Federal Reserve Beige Book is due Wednesday. In addition, environmental, social and governance-focused funds are likely to shun companies associated with Bitcoin due to the large energy consumption by miners on computer networks. CommoditiesWest Texas Intermediate crude rose 1. dollar on Monday, as a sell-off last week in global bonds on worries about eventual monetary policy tightening appeared to have eased for now. If confirmed by the final tally, that result would concentrate power in the 39-year-old leader and pave the way for a possible deal with the International Monetary Fund. Other members of the executive board include Khaldoon Al Mubarak, head of Abu Dhabi sovereign wealth fund Mubadala Investment Co. Unlike tech-heavy North American counterparts, Asia Pacific markets are dominated by cyclical industries, which stand to benefit from the acceleration in the global recovery, he said. product, a growing number of Asia-based funds and financiers have been setting up blank-check companies with the aim of snapping up a target in the fast-growing region. The Oscar nominations come out on March 15. For the past year, many theaters have been closed, and the biggest new films have been delayed or put online. com to China Minsheng Banking Corp. Gillian Anderson won a supporting Golden Globe for her portrayal of Margaret Thatcher in the series. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. Bloomberg Bloomberg -- China is set to reduce local government bond sales and rein in its budget deficit this year, scaling back the pandemic stimulus measures that fueled debt while helping the economy recover. This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2. An opening monologue from comedians Fey and Poehler highlighted the oddity. Since his election in 2019, Bukele has repeatedly clashed with the legislature, which until now had been controlled by his opponents, and last year he even sent troops into the building. Because of Covid-19, the 78th Golden Globes were held with presenters and winners appearing remotely, unlike past years, when the awards were handed out in a banquet room at the Beverly Hilton hotel before a TV audience of millions. Bukele said in a tweet that his party and the allied Gana party would get 60 seats, more than the 56 needed for a qualified majority. They were little changed on Monday during Asian trading. With strategists warning of more volatility in the days ahead, investors may find safety in the more-insulated Chinese debt market where fears of sudden monetary tightening is less prevalent. Japanese government bonds also advanced while those in New Zealand surged in the wake of an about-face in the American market on Friday. SPACs raise money from investors and then look to acquire another business, usually a private one, within two years. central bank has no immediate plans to counter the sell-off that quadrupled yields on 10-year government bonds since the start of the year. fossil fuel industry is still reeling after tens of thousands of jobs were lost. The four-week pace of flows into all Bitcoin funds is weak relative to a December peak, they said. For more articles like this, please visit us at bloomberg. The bill heads to the Senate, where Biden will need to woo Republican support or avoid losing a single Democratic vote. economist at Bank of America Merrill Lynch. Those expectations fueled a plunge in bond prices around the world, pushing the yield on 10-year U. team including Timothy Moe wrote in a note Monday, saying they prefer value cyclicals and short versus long duration ideas. While borrowing costs remain historically low, the increase could embolden Chancellor of the Exchequer Rishi Sunak to talk more about how he will repair public finances when he delivers his annual budget on Wednesday. credit market has also been pummeled given its sizable share of long-dated debt, which tends to be more sensitive to inflation. In a recent sign of liquidity strain, Suning Appliance conducted a swap offer for a yuan bond due Feb. , the Boston-based custodian and money manager. Updates with outlook for German bond market Monday For more articles like this, please visit us at bloomberg. 9 trillion Covid-19 aid package and the bill now heads to the Senate. The Grayscale Bitcoin Trust, the largest traded crypto fund, also remains one of the keys to the outlook. "On the supervision side, we must also improve our technical equipment capabilities. Among notable recent developments are Tesla Inc. The move came following a fivefold increase in the value of Rekor's shares in the last three months, which emboldened it to sell some of its stock to raise money for acquisitions that would broaden its portfolio in the mobility sector. And for Suning, it is about the retail business, not football clubs, in our view. Two years later, the oil industry is recovering from the worst recession it has ever experienced after measures to contain coronavirus stopped billions of people from traveling and wiped out one-fifth of worldwide demand for fuel. While higher long-term borrowing costs can dull the appeal of equities, some strategists say the U. The iShares China CNY Bond UCITS ETF, which tracks the Bloomberg Barclays Index of Chinese government and policy bank debt, saw the largest inflows among all similar contracts this year, data compiled by Bloomberg showed. She joined from PDO and is also chairwoman of the Saudi Arabian unit of State Street Corp. Biden didn't mention Amazon, but specifically referenced "workers in Alabama" in the video and a tweet introducing it. This press release provides instructions for participating in the Meeting. Updates index levels in the sixth paragraph. 19 per share payable on March 8, 2021 to shareholders of record on January 22, 2021 ex-dividend date of January 21, 2021. Bloomberg Bloomberg -- New World Development Co. The group has also been criticized for failing to have a Black member for at least 20 years and for overlooking some of the buzziest Black-led pictures this year with their film-drama nominations. Read More: Australia Central Bank Girds for All-Out Defense of Yield TargetThe RBA is expected to maintain its broad settings on Tuesday: a key interest rate and three-year bond yield target at 0. The alliance gathers on Thursday and is expected to return some barrels after prices got off to their best ever start to a year. For the third year in a row, no journalists told the group that working conditions had improved, the FCCC said in an annual report based on 150 responses to a survey of correspondents and interviews with bureau chiefs. A big victory could also set the stage for constitutional changes, a worrisome development for critics who see Bukele amassing excessive power. At the Fed, several officials argued last week that higher yields come with a solid recovery. Reuters Hyatt Hotels Corp called symbols of hate "abhorrent" on Sunday after the design of a stage at the Conservative Political Action Conference at one of its hotels drew comparisons to a Norse rune used by Nazis during World War Two. "Those apps that refuse to accept rectification must be resolutely removed," said Xiao Yaqing, minister of industry and information technology, at a briefing in Beijing on Monday. Bloomberg Bloomberg -- Bitcoin is nursing losses after its worst weekly plunge in almost a year and on one view its longer term outlook could be even worse because of environmental concerns and tightening regulations. The stake is being moved from another government company, Petroleum Development Oman. The Bloomberg Dollar Spot Index fell 0. For now, officials are stressing the central bank has no plans to raise interest rates given lingering weakness in the labor market. That compares with 25 cents at the start of February and a discount at the beginning of the year. 9 trillion relief plan moved closer to realization after passing the House of Representatives. Addressing the topic for the first time late last week, BOE policy makers echoed Fed officials in reading a surge in borrowing costs as optimism about a rapid recovery. 5 billion purchase of the token. Read more: See the full list of winners here. in Tokyo, taking its gain this year to 4. For more articles like this, please visit us at bloomberg. Reuters China used coronavirus prevention measures, intimidation and visa curbs to limit foreign reporting in 2020, ushering in a "rapid decline in media freedom," the Foreign Correspondents' Club of China FCCC said on Monday. That also meant studios had to hold back at least some of their multimillion-dollar marketing budgets, making it harder to suss out clear favorites. Bets on accelerating inflation are raising concerns that there could be a pullback in monetary policy support despite assurances from the Federal Reserve that higher yields reflect economic optimism for a solid recovery. 3 million viewers, putting it among the most-watched nonsports shows of the year. Rather than hosting the show from a stage at the Hilton, they spoke from separate stages in Los Angeles and New York. Reuters China, under growing global pressure over its treatment of a Muslim minority in its far west, is mounting an unprecedented and aggressive campaign to push back, including explicit attacks on women who have made claims of abuse. com Inc employees in Alabama vote on whether to unionize. Under current law, reforms would require approval by two consecutive legislatures, meaning not until 2024. we must be able to detect loopholes in information protection, so that the masses can use apps with confidence. A majority of the holders agreed to exchange the 7. The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company. gauge tracking volatility in developing-nation assets jumped last week by the most since early August. But BOE officials appeared largely unperturbed in a series of appearances last week. The government is likely to reduce its quota for special local bonds -- mostly used for infrastructure spending -- to 3. The region is recovering the strongest, and rising Treasury yields would be more supportive of a rotation to Asian value stocks, she said. A significant increase in purchases would show they are backing their words with action. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. There has been a raft of bullish calls in recent weeks predicting the rally will continue as the producer response trails consumption, while maintenance in North Sea fields is set to reduce supply. Secretary of State Mike Pompeo took the stage at the world's largest energy conference in 2019 to declare an age of U. Those exchange rates have the highest one-week implied volatility in the world, with some analysts warning of more pain ahead. The yield on 10-year Treasuries was steady at about 1. Sterling high-grade corporate bonds have fallen 3. Read more: Golden Globes promise to add Black membersA lawsuit filed by a Norwegian journalist who was denied membership accused the organization of corruption, laid out in a series of exposes by the Los Angeles Times. The Bloomberg Dollar Spot Index fell 0. Benchmark 10-year Treasury yields surged last week to the highest in more than a year, leading traders to bring forward their expectations about how soon the Federal Reserve will tighten policy. Bloomberg Bloomberg -- Allies of President Nayib Bukele were on track to win a landslide in El Salvador congressional elections on Sunday, according to a partial vote count. Treasuries to the highest level in a year. In January, Suning Appliance said it pledged 376. The final determination of the source of all distributions in 2021 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end. strategists in a note Friday said the launch of the Purpose Bitcoin exchange-traded fund may be hurting the price of the cryptocurrency as well. dominance after a decade of rapid shale development made the United States the world's top oil and gas producer. High-profile Republicans including former President Donald Trump were attending the four-day event in Orlando, Florida, as conflict rages between Trump allies and establishment politicians trying to distance the party from him. There are some key events to watch this week:Reserve Bank of Australia sets monetary policy Tuesday. The Funds are taking this step because of travel limitations and other concerns relating to the coronavirus outbreak COVID-19 , including the health of shareholders and proxyholders. Together, those comments shifted speculation away from further bank stimulus and toward the question of when policy makers might pare back the support they have in place now. In a bid to ease debt payment pressure, the appliance retailer said Sunday that state-owned Shenzhen International Holdings Ltd. 75 trillion yuan last year, according to the median estimate of 10 economists surveyed by Bloomberg. As allegations of human rights violations in Xinjiang mount, with a growing number of Western lawmakers accusing China of genocide, Beijing is focussing on discrediting the female Uighur witnesses behind recent reports of abuse. South Korea and Taiwan will report similar data TuesdaySouth Korea said Monday that exports rose for a fourth month in Febuary amid the global recovery. "You truly are the heroes during this time of the pandemic so it is just right that you be the first in line to receive the vaccines," Presidential Spokesman Harry Roque told health workers. comSubscribe now to stay ahead with the most trusted business news source. Overseas investors are also buying more Chinese notes directly. Updates with partial vote count from first paragraph For more articles like this, please visit us at bloomberg. The surveyed analysts also expect no issuance of special anti-virus bonds this year, after the government sold 1 trillion yuan worth of them last year. CurrenciesThe yen traded at 106. The officials said the information was evidence of bad character, invalidating the women's accounts of abuse in Xinjiang. It surprised last month by announcing a second round of QE when the current tranche expires in mid-April and could tweak its buying plans Tuesday. Millions of people stuck at home in the U. 2 billion, data compiled by Bloomberg show. 2 billion so far this year, if only primary classes are considered, the figures showed. , International Monetary Fund projections show. 9 trillion Covid-19 aid package. Bloomberg Bloomberg -- Gold rebounded after its biggest monthly slump since late 2016 as the dollar retreated and investor focus remained on bond yields and the outlook for growth. Iteris rejected Rekor's offer last week without offering it a reason, the sources said. Over the next 12 to 18 months, earnings outlooks are likely to be boosted by a solid Asian recovery, Tai Hui, chief Asia market strategist at JPMorgan Asset Management, wrote in a note. in Singapore after slumping 2. Growth can offset rate risks, a Goldman Sachs Group Inc. com and its parent face high near-term repayment pressure, according to China Chengxin International Rating Co. "Unions lift up workers, both union and non-union, but especially Black and Brown workers," Biden said in the video. Anti-Virus BondsA decline in the quota for local special bonds would be the first since they were introduced in 2015 to fund infrastructure. Treasury benchmark yields fluctuated around 1. North Asia is the most sensitive to growth, while select Southeast Asian markets are more sensitive to rates, Goldman strategists wrote in their note. Such a program would require approval from two-thirds of congress. Other streaming services, particularly Amazon. In all, the two studios won 15 of the prizes handed out Sunday by the Hollywood Foreign Press Association in a NBC broadcast hosted by comic actors Tina Fey and Amy Poehler. Reuters The Philippines kicked off its COVID-19 vaccination programme on Monday, with health workers the first to be inoculated in a delayed campaign as the country tries to secure supplies to address one of Asia's most stubborn coronavirus epidemics. In the developing world, dollar-denominated and local bonds endured their worst month since March 2020, while stocks posted their biggest weekly decline in almost a year. The crown prince also appointed one of his sons, Khaled bin Mohamed bin Zayed, as chairman of a smaller six-member executive board at Abu Dhabi National Oil Co.。 。 。
