Investors Bet on Greed and Fear as China Loosens COVID Grip

SHANGHAIHONG KONG, Dec 9 Reuters Investors caught offguard by China39;s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradually reopen, snapping up shares in businesses from travel agencies and casinos to funeral companies. The dismantling of three years of COVID curbs this week sparked a rally in […]
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China Economy Hopes Give Stocks Boost, Fed Nerves Remain

Hong Kong, China stocks at 3mth highs Dollar, oil steady U.S. PPI inflation data later on Friday LONDONSYDNEY, Dec 9 Reuters World stocks rose on Friday on expectations China39;s economy would strengthen as COVID19 curbs ease, but stocks were heading for a 2 weekly loss in nervy markets ahead of the Federal Reserve39;s policy meeting […]
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Perus Central Bank Sets Benchmark Interest Rate at 7.5

LIMA, Dec 7 Reuters Peru39;s central bank increased its benchmark interest rate 25 basis points to 7.5 on Wednesday, the 17th consecutive hike as monetary policymakers in the copperproducing Andean nation battle stubbornly high inflation. The bank has raised the rate periodically since August 2021 to combat rising inflation that hit 8.45 in November on […]
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Thai Financial System Stable but could be Exposed to Global Risks c.bank

BANGKOK, Dec 9 Reuters Thailand39;s financial system is resilient but stability could be affected by an abrupt change in the global financial market, which warrants close monitoring, the central bank said on Friday. Potential impacts include deterioration in debt serviceability of households and smaller businesses if the global economy heads into recession and subsequently deters […]
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Indias November Fuel Demand Rises 10.2 YearonYear

Dec 9 Reuters India39;s fuel consumption, a proxy for oil demand, rose 10.2 yearonyear in November to 18.84 million tonnes, data from the Petroleum Planning and Analysis Cell PPAC of the oil ministry showed on Friday. Sales of gasoline, or petrol, were 8.1 higher at 2.86 million tonnes. Cooking gas or liquefied petroleum gas LPG […]
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