(Reuters) – Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration, a peak in interes[...]
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Economy
StanChart sees Asia, Middle East as bright spots in weak global economy
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping ma[...]
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Swiss bank Julius Baer set to meet targets despite market fall
ZURICH (Reuters) -Julius Baer on Monday said it was on track to reach its 2022 profitability targets, even though “challenging market” conditions have shrunk its assets. Assets under manag[...]
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Take Five: Black Friday test
(Reuters) – The most important day for U.S. retailers is here and questions are rife on whether king dollar is set to lose its crown. Global purchasing managers data will shine a light on the he[...]
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Chinese carmakers target more European sales with five-star EVs
By Nick Carey SOLIHULL, England (Reuters) – Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars th[...]
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Marketmind: Bulls take cover
A look at the day ahead in European and global markets from Anshuman Daga: Enthusiasm over recent moves by Chinese authorities to adjust the country’s zero-COVID policy is giving way to renewed[...]
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Buffett’s Berkshire boosts stakes in Japan’s five biggest trading houses
By Makiko Yamazaki and Noriyuki Hirata TOKYO (Reuters) -Berkshire Hathaway Inc, run by billionaire Warren Buffett, has raised its stakes in each of Japan’s five biggest trading houses by at leas[...]
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China leaves lending benchmarks unchanged for 3rd straight month in Nov
SHANGHAI (Reuters) -China kept its benchmark lending rates unchanged for the third straight month on Monday, as a weaker yuan and persistent capital outflows continued to limit Beijing’s ability[...]
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Younger Chinese are spurning factory jobs that power the economy
By David Kirton SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in[...]
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