investing.com 13 Jan, 2021 06:15 am

Vanguard sold stakes in Chinese firms sanctioned by U.S. By Reuters

Vanguard sold stakes in Chinese firms sanctioned by U.S.

Economy 34 minutes ago (Jan 13, 2021 12:55AM ET) HONG KONG (Reuters) - Top mutual fund firm Vanguard Group has sold its stakes in certain Chinese securities to comply with a United States ban on Americans from investing in companies it deems to have links with China's military.asset managers, including BlackRock (NYSE: BLK ), say they have dropped Chinese securities because of the ban, and index providers MSCI Inc, FTSE Russell and S&P Dow Jones Indices have cut sanctioned firms from their benchmarks.Japan presses on with Olympics preparations despite surging coronavirus cases p TOKYO (Reuters) - Japan's government is continuing with preparations to hold the Tokyo Olympics this summer as planned, following a postponement because of the coronavirus.BOJ will mull cutting this year's growth forecast: Nikkei p By Leika Kihara TOKYO (Reuters) - The Bank of Japan will consider cutting its economic forecast for the current fiscal year ending in March as consumption takes a hit from state.

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