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  • Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation

    Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation0

    Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after data showed U.S. consumer price index (CPI) inflation eased more than

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  • Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll

    Taiwan Central b=Bank Likely to Announce Another mild Rate Hike: Reuters Poll0

    Taiwan’s central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy. The central bank is likely to lift the benchmark discount rate

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  • Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar

    Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar0

    Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on U.S. monetary policy from a Federal Reserve meeting and a reading on U.S. consumer inflation. Most regional units were also nursing losses from last week, amid growing concerns over a potential recession in 2023, which

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  • Walgreens Cuts Stake in AmerisourceBergen Through $q1 Billion Share Sale

    Walgreens Cuts Stake in AmerisourceBergen Through $q1 Billion Share Sale0

    Walgreens Boots Alliance has sold some AmerisourceBergen (NYSE:ABC) Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about 17%. Walgreens, which will remain AmerisourceBergen’ largest shareholder, said it would use the proceeds to pay down debt and to fund

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  • Japan Upgrades Q3 GDP as Global Recession, COVID Risks Linger

    Japan Upgrades Q3 GDP as Global Recession, COVID Risks Linger0

    Japan’s economy, the world’s third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as major export markets show further signs of weakening. Separate data showed the economy had recorded its first current account deficit in eight years in October, reflecting high import

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  • Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting

    Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting0

    Eknath Shinde asked Mumbai civic authorities to depute 5,000 “Swatchhta Doots” (cleanliness ambassadors) and undertake beautification of the city. Ahead of a G20 Council meeting in Mumbai, Maharashtra Chief Minister Eknath Shinde has asked the local civic body to launch a beautification drive in the city on a mission mode. Shinde asked Mumbai civic authorities

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