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State-Owned Banks in China Bolster Yuan Through Strategic Dollar Swaps...

Major state-owned banks in China have nudged the needle in the foreign exchange markets, swapping yuan for US dollars in the onshore swap market, only to sell those dollars in the spot market. This activity, observed on Tuesday, December 5th, is speculated to be a strategic move to bolster the Chinese yuan. The intent is

ETF Movers
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Philippines Records Lowest Inflation Rate in 20 Months: Implications and Analysis...

In a significant economic development, the Philippines experiences its slowest inflation pace in 20 months, registering an annual inflation rate of 4.1% in November. The figure is notably lower than the previous 4.9% in October and the 4.3% predicted by a Reuters poll. The latest rate, the lowest since March 2022, hints at potentially lessening

Currencies
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Timing Equity Investments in India: An Election Dilemma...

As the 2024 general elections draw near, India’s investors grapple with the question of timing their equity investments. Should they place their bets before or after the elections? This debate is not a new one, yet the answer remains elusive, largely due to the unique dynamics of the Indian stock market. A Glimpse into the

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India's Nifty and Sensex reach new highs amid strong economic indicators and political victories...

India’s premier stock market indexes, the Nifty and Sensex, hit unprecedented highs at the opening of the trading session for the second consecutive day. The surge is attributed to a synergy of positive factors. Solid macroeconomic data indicating a robust economic landscape, coupled with speculations of a potential US Federal Reserve rate cut in March,

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South Africa's New-Vehicle Sales Plunge Amid Economic Challenges...

In a significant downturn, South Africa’s new-vehicle sales plummeted by 9.8% year-on-year in November 2023, a staggering drop to 45,075 units. This staggering decline marks the sixth month of reduced sales in 2023, extending a four-month trend of negative growth. Despite the Reserve Bank’s resolution to maintain interest rates unchanged in November, the high-interest rate

Turkish Inflation Figures: A Deep Dive into the Impact on Civil Servants and Retirees...

Turkey’s November inflation figures have been made public, affecting the financial status of millions of civil servants and retirees. The adjustment of pensions and civil servant salaries are tethered to the six-month inflation data, with worker retirees receiving a 19.77% increase in June, based on the inflation at the time. July to November Inflation Surge

US Government and Business Leaders Discuss New Labor Rights Policy...

In a significant move, the United States government has conducted its first official meeting with business leaders following the announcement of a new labor rights policy two weeks ago. The new labor rights strategy, unveiled on November 16, has been a focal point of discussion, emphasizing the necessity to protect workers’ rights and eliminate intimidation

IMF Delays Decision on Second Tranche for Pakistan, Sparking Policy Discussions...

The International Monetary Fund’s (IMF) Executive Board has not yet settled on a date to review Pakistan’s request for the second installment of $700 million, part of the $3 billion Stand-By Agreement (SBA) program. This delay pushes the expected disbursement into January 2024, sparking wide-ranging discussions among policymakers. The IMF team currently works on confirming

Gazprom's Shares Remain Under Pressure Amid Market Sell-Off: A Forecast...

On the previous trading day, Gazprom’s share price fell by a marginal 0.38%, closing at 162.61 rubles. This performance slightly outdid the general market, amidst a broader sell-off. However, Gazprom’s shares remained under pressure, yet demonstrated resilience due to low trading activity. The trading volume for Gazprom on the main market stood at 1.8 billion

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