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Markets

Funds recommended cutting equity exposure in May to lowest level this year

Funds recommended the lowest equity exposure this year in May, citing risks from the expected pull-and-push between reflation trades and dovish central banks, but most respondents in Reuters polls said a near-term correction in stock markets was unlikely.

Markets

Pakistan sets 4.8per cent GDP growth target for 2021/2022 financial year – planning minister

Pakistan has set 4.8per cent GDP growth target for its 2021/2022 financial year, Planning Minister Asad Umar said on Friday.

Markets

Vietnam coronavirus outbreak threatens to disrupt tech supply chain

A rapidly spreading COVID-19 outbreak has left factories operating below capacity in Vietnam's industrial northern provinces, where suppliers for Apple, Samsung and other global tech firms are located, industry sources said.

Markets

TikTok given a month to respond to claims of EU consumer rights breaches

Chinese-owned short video-sharing app TikTok has been given a month to respond to multiple complaints from EU consumer groups that it allegedly violated the bloc's consumer laws and also allegedly fail to protect children from hidden advertising and inappropriate content.

Markets

Total says it would respect further international sanctions on Myanmar

Energy giant Total will comply with any further sanctions imposed on Myanmar by the United States and European Union, Chief Executive Patrick Pouyanne told a shareholders meeting on Friday.

Markets

Exclusive: Logjams at Malaysian warehouses exacerbate aluminium shortages

Bottlenecks at London Metal Exchange registered warehouses in Malaysia owned by metals storage firm ISTIM UK are adding to the difficulties aluminium consumers in the United States and Europe face in getting the metal they need.

Markets

US lawmakers probe Kabbage, BlueVine and partner banks over pandemic loans -letters

U.S. lawmakers have opened an investigation into financial technology companies Kabbage Inc and BlueVine and their partner banks for their roles in distributing billions of dollars in pandemic aid to small businesses, according to letters seen by Reuters.

Markets

JX Nippon Mining ups mid-term profit forecast on higher copper prices

TOKYO: JX Nippon Mining & Metals Corp, the metals unit of Japan's Eneos Holdings Inc, raised its mid-term profit target by 47per cent on Friday, boosted by higher copper prices and strong demand for materials used in semiconductors. The increase comes despite a downgrade in mid-term profit ...

Markets

Exclusive: China presses Ximalaya to drop US for Hong Kong as listing venue – sources

HONG KONG: China is pressing the country's largest online audio platform Ximalaya to drop plans to list in the United States and go for Hong Kong instead, three people with knowledge of the matter said, showing how the authorities are seeking to further tighten their grip over private media...

Markets

South Korean pension fund pledges to limit investing in coal projects

South Korea's National Pension Service (NPS) said on Friday it will limit investing in industries related to coal mining and coal-fired power, in line with global efforts to reduce carbon emissions.

Markets

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