Asia Stocks Set for Mixed Open With Jobs in Focus: Markets Wrap

Asia Stocks Set for Mixed Open With Jobs in Focus: Markets Wrap

The remarkably resilient US jobs market is beginning to cool, but Friday’s employment report may fall far short of the turning point Fed officials are seeking in their battle to beat back inflation. There are signs that labor demand is ebbing, but a bigger slowdown is needed to bring that demand more in line with … Read more

GLOBAL ECONOMY Global factory activity shrank in November but price pressures ease

GLOBAL ECONOMY Global factory activity shrank in November but price pressures ease

US manufacturing contracts for the first time in 2-1/2 years European PMI data suggests downturn may not be as bad China’s private survey shows continued PMI contraction Surveys highlight darkening outlook for Asia next year WASHINGTON/LONDON, Dec 1 (Reuters) – Global factory output fell widely last month with US manufacturing activity contracting for the first … Read more

Sexist Press Question Shocks Prime Ministers Ardern and Marin

Sexist Press Question Shocks Prime Ministers Ardern and Marin

AUCKLAND, NEW ZEALAND – NOVEMBER 30: (L-R) Finnish Prime Minister Sanna Marin and New Zealand Prime Minster Jacinda Ardern pose for a portrait at Government House on November 30, 2022 in Auckland, New Zealand. Marin is in New Zealand for a three-day visit, which comes after Ardern’s government signed a free trade agreement with the … Read more

Are China’s lockdown protests the beginning of the end for Xi Jinping? – POLITICO

Are China’s lockdown protests the beginning of the end for Xi Jinping?  – POLITICO

The wave of demonstrations across China demanding an end to the draconian zero-COVID measures is like nothing the country has seen in decades. From university campuses to busy streets in the downtown areas, people held up pieces of white paper as a symbol of protest after a deadly fire in a Xinjiang neighborhood under lockdown. … Read more

REUTERS NEXT-Emerging market policymakers dare to hope for brighter 2023

REUTERS NEXT-Emerging market policymakers dare to hope for brighter 2023

Policymakers in Asia and Africa voiced growing economic optimism at a Reuters conference on Wednesday, chiming with a rally in emerging markets, an expected slowdown in US rate hikes and an easing of COVID restrictions in China. Finance ministers from India and crisis-stricken Sri Lanka and Zambia all gave upbeat outlooks at the Reuters NEXT … Read more

Jiang Zemin’s death spells trouble for Chinese ruler Xi Jinping – POLITICO

Jiang Zemin’s death spells trouble for Chinese ruler Xi Jinping – POLITICO

Press play to listen to this article Voiced by artificial intelligence. Even in death his timing was impeccable. Jiang Zemin, the former Chinese president who was vaulted to the top of the Communist Party thanks to the 1989 Tiananmen massacre, died Wednesday at the age of 96 — just as a wave of political protest … Read more

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 … Read more

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

“It’s a decent time to start considering sharpening your pencil and think about what is a good buy right now,” Terri Spath, founder and chief investment officer of Zuma Wealth Management, said on Bloomberg Television. She said that the coming slowdown in the US economy would be mild and that if there’s a shallow recession … Read more

China Covid Protests Spread to Hong Kong as Dozens Rally

China Covid Protests Spread to Hong Kong as Dozens Rally

Demonstrators hold blank signs during a vigil commemorating victims of China’s Covid Zero policy in Hong Kong, China, on Monday, Nov. 28, 2022. The protests that erupted against China’s Covid Zero strategy represent one of the most significant challenges to Communist Party rule since the Tiananmen crisis more than 30 years ago. .