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Hong Kong stocks briefly climb 2%;  China releases inflation data in line with expectations

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations

Chipmaker TSMC says November net revenue jumped 50% from a year ago Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As …

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Japanese stocks drag losses in Asia as investors seek clarification on China's Covid rule changes

Japanese stocks drag losses in Asia as investors seek clarification on China’s Covid rule changes

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …

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Seismic Changes in International Data Markets Require Broadband Internet Policy Update

Seismic Changes in International Data Markets Require Broadband Internet Policy Update

Thanks to parallel internets, the platforms have caused seismic changes in global data flows. Getty The global political movement to improve connectivity and bridge the digital divide has resulted in reports on international data markets and associated regulatory policies. The articles present sometimes confusing terminology: usage, transit, peering and interconnection. Each term has a specific …

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New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

Malaysia’s shares have changed little as the country’s wait for a new prime minister continues Shares listed in Malaysia were little changed as the country’s political stalemate continues and local media reported that Malaysia’s King, the Yang di-Pertuan Agong, would make a decision, without giving a timeline. The benchmark KLCI fell 0.09% after two negative …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Hong Kong shares drop more than 2% as Tencent cuts Meituan stake;  Japan has a trade deficit of $15 billion

Hong Kong shares drop more than 2% as Tencent cuts Meituan stake; Japan has a trade deficit of $15 billion

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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Asia-Pacific markets are generally lower as the second day of the G-20 is underway

Asia-Pacific markets are generally lower as the second day of the G-20 is underway

Yellen and PBOC Governor Yi Gang meet on sidelines of G-20 summit US Treasury Secretary Janet Yellen and People’s Bank of China Governor Yi Gang met on the sidelines of the G20 summit in Bali, Indonesia. Yellen in a tweet said the two men discussed “global macroeconomic and financial challenges, including the economic outlook” for …

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Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report

Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report

Earnings preview: Softbank to post net profit after posting earlier losses Softbank is expected to post a net profit in upcoming quarterly results. A median forecast predicts the Japanese conglomerate will post annualized net profit of 2.769 billion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey. The company …

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