Investing.com 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. 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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