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Monthly Archives: November 2022

Covid reopening versus decoupling, competition

China previously “sailed on” economically while other countries struggled, but the world’s second largest economy may have a difficult path ahead, according to one strategist. “China has reached that level of its development where a lot of emerging markets typically find the going getting tougher,” said Mark Jolley of CCB …

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HKMA chief defends currency peg, says it brought stability

Hong Kong Monetary Authority’s chief executive has defended Hong Kong’s currency peg, saying it helped see the city through some of its toughest economic challenges.  In an interview with CNBC on Tuesday, Eddie Yue who leads Hong Kong’s de facto central bank, said maintaining a stable exchange rate through the …

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Black Sea deal suspension will drive up grain and meat prices in Asia-Pacific

Asia-Pacific could face higher prices of grains and meat after Russia suspended a U.N.-brokered deal that had allowed safe grain shipments out of the Black Sea. Over the weekend, the Russian foreign ministry said it “can no longer guarantee the safety of civilian dry cargo ships participating in the Black …

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Asia leads 2023 real wage growth; jumps in India, China

As inflation continues to impact global economies, Asia-Pacific will be the only region to see real salary growth in 2023, a new survey has found.  According to the annual Salary Trends Report by data company ECA International, the average real salary increase — which is nominal wage growth minus the …

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‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due …

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