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Asia shares take comfort in China property rally

Asia shares take comfort in China property rally

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Dollar steadies after bounce, euro off 5-mth high US crude jittery after hitting 2021 low SYDNEY, Nov 29 (Reuters) – Asian shares edged higher on Tuesday as Beijing’s latest move to support developers boosted the property sector, though it was still not clear what new damage public …

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The yuan’s the new dollar as Russia rides to the redback

The yuan's the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov …

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Investors hope Beijing will lift COVID curbs faster as protests douse markets

Investors hope Beijing will lift COVID curbs faster as protests douse markets

Dozens of campuses, protesters make show of civil disobedience No sign of new protests in Beijing, Shanghai on Monday China bonds, stocks have suffered hefty outflows in 2023 LONDON, Nov 28 (Reuters) – Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty but could also hasten …

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India shares defy global weakness, on oil slide to close at new record

India shares defy global weakness, on oil slide to close at new record

BENGALURU, Nov 28 (Reuters) – Indian stocks rose for the fifth session in a row on Monday, with both the benchmark indexes scaling record highs, led by gains in oil marketing companies as crude prices slid following protests in major Chinese cities against strict zero -COVID policies. The NSE Nifty 50 index (.NSEI) rose 0.27% …

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Morning Bid: Red alert | Reuters

Morning Bid: Red alert |  Reuters

A look at the day ahead in European and global markets from Anshuman Daga Hopes of a quiet close to the final weeks of 2022 are being firmly squashed as rare, widespread protests across China following strict coronavirus curbs fuel risk-off sentiment and batter stocks, while pushing up the safe-haven dollar. To make matters worse, …

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Cuba wins China debt relief, new funds

Cuba wins China debt relief, new funds

HAVANA, Nov 27 (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with …

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INDIA Rupee, bond yields to stay rangebound in data-heavy week

INDIA Rupee, bond yields to stay rangebound in data-heavy week

MUMBAI, Nov 28 (Reuters) – The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 per US dollar last …

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Morning Bid: China crisis brewing

Morning Bid: China crisis brewing

Nov 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the key economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets in …

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China’s industrial profits fall at faster pace in Jan-Oct

China's industrial profits fall at faster pace in Jan-Oct

Jan-Oct industrial profits -3.0% y/y vs -2.3% in Jan-September BEIJING, Nov 27 (Reuters) – Profits at China’s industrial firms fell at a faster pace in January-October as a resurgence of COVID-19 cases and a deepening property crisis weighed on factory activity and demand. Industrial profits fell 3.0% in the first 10 months of 2022 from …

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Dollar edges higher in range-bound holiday markets

Dollar edges higher in range-bound holiday markets

NEW YORK, Nov 25 (Reuters) – The dollar crept higher across the board on Friday in a quiet session following the US Thanksgiving holiday, but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the US currency. “Today has all the indicators of another …

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