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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. 6 billion, including secondary classes of the securities, according to data compiled by Bloomberg. The fund seeks to invest in stocks of companies operating across diversified sectors. 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. 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. Treasury benchmark yields fluctuated around 1. 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. 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. The same day, Malaysian policy makers are forecast to keep their benchmark rate at a record low of 1. 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. Such a program would require approval from two-thirds of congress. 9 trillion relief plan moved closer to realization after passing the House of Representatives. 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. 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. 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. The government is likely to reduce its quota for special local bonds -- mostly used for infrastructure spending -- to 3. Treasury yields is threatening to wreak havoc on at least three of those nations. economist at Morgan Stanley and a former Treasury official. 2 billion so far this year, if only primary classes are considered, the figures showed. 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. 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. Liberty All Star Equity Fund was formed on October 31, 1986 and is domiciled in the United States. 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. It primarily invests in value and growth stocks of large cap companies. lawmakers, who say the Central American nation is sliding toward authoritarianism. SPACs raise money from investors and then look to acquire another business, usually a private one, within two years. It would also alarm critics, including some U. The Grayscale Bitcoin Trust, the largest traded crypto fund, also remains one of the keys to the outlook. It then dropped as much as 32 basis points to 1. in Singapore after slumping 2. In a recent sign of liquidity strain, Suning Appliance conducted a swap offer for a yuan bond due Feb. 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. and Shenzhen Kunpeng Equity Investment Management Co. Iteris rejected Rekor's offer last week without offering it a reason, the sources said. Updates with local government debt ratio in fifth paragraph. They brushed aside concerns about a return to the dysfunction in markets that dominated the early days of the coronavirus pandemic. Bloomberg Bloomberg -- The decision by embattled Chinese conglomerate Suning Appliance Group Co. At the same time, Microsoft Corp. economist at Bank of America Merrill Lynch. READ: Asian Stocks Rebound From Selloff on Tech Gains, Hang Seng MovesSovereign yields have jumped on the risk of faster inflation as economies accelerate. 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 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. "The market is overpricing the chance of a near-term rate hike ," said Tohru Sasaki, JPMorgan's head of Japan market research in Tokyo. Debt servicing costs have averaged 1. CommoditiesWest Texas Intermediate crude rose 1. The four-week pace of flows into all Bitcoin funds is weak relative to a December peak, they said. 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. 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. For now, officials are stressing the central bank has no plans to raise interest rates given lingering weakness in the labor market. 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. 9 trillion Covid-19 aid package. Rather than hosting the show from a stage at the Hilton, they spoke from separate stages in Los Angeles and New York. The company on Monday declined to comment further on the stake sale. A representative for New World said the company had no immediate comment. com and its parent face high near-term repayment pressure, according to China Chengxin International Rating Co. The officials said the information was evidence of bad character, invalidating the women's accounts of abuse in Xinjiang. 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. Gillian Anderson won a supporting Golden Globe for her portrayal of Margaret Thatcher in the series. Data Monday showed most key manufacturing economies gained ground last month, with China staying in expansionary territory. 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 10-year yield dropped as much as 14 basis points amid month-end rebalancing from equities to bonds. 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. Bloomberg Bloomberg -- New World Development Co. Their remarks suggest that the U. Read more: See the full list of winners here. While higher long-term borrowing costs can dull the appeal of equities, some strategists say the U. 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. At the Fed, several officials argued last week that higher yields come with a solid recovery. PMI data released Monday showed manufacturing expanded in Indonesia, Philippines and Vietnam last month, while it continued to shrink in Malaysia and Thailand. Updates index levels in the sixth paragraph. Bloomberg Bloomberg -- Sovereign bonds extended a rebound, U. They were little changed on Monday during Asian trading. Silver, platinum and palladium all climbed. 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. comSubscribe now to stay ahead with the most trusted business news source. 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. 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. For more articles like this, please visit us at bloomberg. Among notable recent developments are Tesla Inc. 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. 75 trillion yuan last year, according to the median estimate of 10 economists surveyed by Bloomberg. 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. 9 trillion Covid-19 aid package and the bill now heads to the Senate. Other members of the executive board include Khaldoon Al Mubarak, head of Abu Dhabi sovereign wealth fund Mubadala Investment Co. The alliance gathers on Thursday and is expected to return some barrels after prices got off to their best ever start to a year. 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. 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. The region is recovering the strongest, and rising Treasury yields would be more supportive of a rotation to Asian value stocks, she said. By contrast, shorter-dated euro-denominated notes have lost just 0. 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. 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. Bloomberg Bloomberg -- Netflix Inc. Growth can offset rate risks, a Goldman Sachs Group Inc. 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. An earlier version of this story corrected a mention about metals. The bill heads to the Senate, where Biden will need to woo Republican support or avoid losing a single Democratic vote. 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. 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. "Unions lift up workers, both union and non-union, but especially Black and Brown workers," Biden said in the video. Sterling high-grade corporate bonds have fallen 3. 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. It invests in the public equity markets of the United States. The MSCI Asia Pacific Index was up 1. Treasuries to the highest level in a year. Updates with partial vote count from first paragraph For more articles like this, please visit us at bloomberg. 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. 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. 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. 19 per share payable on March 8, 2021 to shareholders of record on January 22, 2021 ex-dividend date of January 21, 2021. That brought the loss in February to 6. 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. There are some key events to watch this week:Reserve Bank of Australia sets monetary policy Tuesday. Federal Reserve Beige Book is due Wednesday. 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. 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. "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. Japanese government bonds also advanced while those in New Zealand surged in the wake of an about-face in the American market on Friday. ECB Executive Board member Isabel Schnabel said more stimulus could be added if the surge in yields hurts growth. Other streaming services, particularly Amazon. co-founder Bill Gates and Treasury Secretary Janet Yellen are among those signaling caution. "On the supervision side, we must also improve our technical equipment capabilities. 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. But BOE officials appeared largely unperturbed in a series of appearances last week. is more exposed than Asia because its stock market is costlier and has more growth shares, such as technology firms. An opening monologue from comedians Fey and Poehler highlighted the oddity. The graphic omitted the percentages obtained by each party. In January, Suning Appliance said it pledged 376. 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. Investors are betting that with a strong result, the government will reach out to the IMF in the near future. For the past year, many theaters have been closed, and the biggest new films have been delayed or put online. credit market has also been pummeled given its sizable share of long-dated debt, which tends to be more sensitive to inflation. 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. Updates with outlook for German bond market Monday For more articles like this, please visit us at bloomberg. 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. in Tokyo, taking its gain this year to 4. Anti-Virus BondsA decline in the quota for local special bonds would be the first since they were introduced in 2015 to fund infrastructure. Overseas investors are also buying more Chinese notes directly. team including Timothy Moe wrote in a note Monday, saying they prefer value cyclicals and short versus long duration ideas. The Bloomberg Dollar Spot Index fell 0. For more articles like this, please visit us at bloomberg. 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. 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. The Oscar nominations come out on March 15. 1 billion of long-dated bonds -- double the usual amount -- in a regular operation. The Bloomberg Dollar Spot Index fell 0. 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. Suning is an Evergrande supplier, and a collapse could have had ripple effects on its business. 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. in Bangalore, wrote in a client note. Secretary of State Mike Pompeo took the stage at the world's largest energy conference in 2019 to declare an age of U. , the Boston-based custodian and money manager. And for Suning, it is about the retail business, not football clubs, in our view. So far this year, eight blank-check companies backed by Asian sponsors including Primavera Capital and Hopu Investment have gone public in the U. 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. Jiangsu Football Club, owned by Suning since 2015, said over the weekend that it would cease operations, without elaborating. "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. A majority of the holders agreed to exchange the 7. gauge tracking volatility in developing-nation assets jumped last week by the most since early August. 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. A falling gold price shows that the main concerns are about higher rates, over-riding any safe haven attraction to the yellow metal. 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. 3 million viewers, putting it among the most-watched nonsports shows of the year. The stake is being moved from another government company, Petroleum Development Oman. fossil fuel industry is still reeling after tens of thousands of jobs were lost. 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. has boosted optimism about a quick rebound. Federal Reserve than peers in Asia and Europe that are trying to rein in markets. 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. 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. we must be able to detect loopholes in information protection, so that the masses can use apps with confidence. 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. 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. This press release provides instructions for participating in the Meeting. 42 billion, according to data compiled by Bloomberg. , according to people familiar with the matter, making him the latest Hong Kong tycoon to jump on the blank-check firm bandwagon. Adnoc pumps almost all the oil and gas in the United Arab Emirates, the third-biggest crude producer in OPEC. 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. 2 billion, data compiled by Bloomberg show. Biden didn't mention Amazon, but specifically referenced "workers in Alabama" in the video and a tweet introducing it. 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. com to China Minsheng Banking Corp. Deliberations are at an early stage and details such as size and strategy could still change, they said. 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. Under current law, reforms would require approval by two consecutive legislatures, meaning not until 2024. 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. Those exchange rates have the highest one-week implied volatility in the world, with some analysts warning of more pain ahead. 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. com Inc employees in Alabama vote on whether to unionize. 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. North Asia is the most sensitive to growth, while select Southeast Asian markets are more sensitive to rates, Goldman strategists wrote in their note. 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. 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. Most of the Adnoc board members were on the SPC. Fed Chair Jerome Powell to discuss the economy at a Wall Street Journal event on Thursday. 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. 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 yield on 10-year Treasuries was steady at about 1. A significant increase in purchases would show they are backing their words with action. 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. Millions of people stuck at home in the U. In a bid to ease debt payment pressure, the appliance retailer said Sunday that state-owned Shenzhen International Holdings Ltd. dominance after a decade of rapid shale development made the United States the world's top oil and gas producer. Euro Stoxx 50 contracts jumped 0. 5 billion purchase of the token. A big victory could also set the stage for constitutional changes, a worrisome development for critics who see Bukele amassing excessive power. 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. , International Monetary Fund projections show. CurrenciesThe yen traded at 106. January industrial-production numbers are due Tuesday, and final fourth-quarter GDP figures are scheduled for ThursdayThe won has lost 3. Unlike general bonds that are paid back with fiscal revenue, the special bonds are repaid with income generated from specific projects. She joined from PDO and is also chairwoman of the Saudi Arabian unit of State Street Corp. 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. The government appointed Haifa Al Khaifi as head of EDO last month. That compares with 25 cents at the start of February and a discount at the beginning of the year. 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. Bernstein and Oanda Asia Pacific Pte see Asian stocks weathering a global surge in sovereign bond yields to stay ahead of their U. Those expectations fueled a plunge in bond prices around the world, pushing the yield on 10-year U.。
