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As the Pandemic Enters Its 3rd Year, More Chinese People Say They'd Rather Save Than Spend
More Chinese people wanted to save in the first quarter, rather than spend or invest their money, according to a People’s Bank of China survey.
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China's Zero-Covid Policy Tests Small Businesses in a Make-Or-Break It Year
While China tries to shake off omicron, the country’s zero-Covid policy sets small businesses up for a third year of stop-and-start uncertainty.
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Oil Falls More Than 3% as Asia Stocks Mostly Slip; Data Shows Contraction in China Manufacturing Activity
The Biden administration is considering releasing 1 million barrels of oil per day from the strategic petroleum reserve for about six months, a source told NBC News.
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Dow Drops 500 Points to End Worst Quarter for Stocks in 2 Years
Stocks ended a rough first quarter on a sour note.
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Investors Believe the Biggest Threat to the Markets Now Is a Fed Misstep, CNBC Survey Shows
A majority of Wall Street investors believe the biggest threat facing the markets is a policy error by the Federal Reserve, according to a new CNBC investor survey.
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China's Rich Are Moving Their Money to Singapore. Beijing's Crackdown Is One of the Reasons
More and more wealthy Chinese are worried about keeping their money on the mainland and see Singapore as a safe haven.
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Asia Will Become the ‘Default Market' for Russian Oil, Dan Yergin Says
Major oil importers in Asia like China and India have been pressured by oil prices which have soared since Russia invaded Ukraine in late February.
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China Stocks Lead Gains in Asia; Shares of Evergrande's Electric Car Unit Plunge More Than 10%
Hong Kong-listed shares of China Evergrande Group’s electric vehicle unit returned to trade on Wednesday.
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Bill Ackman Is Done With Activist Short-Selling, Will Focus on Quieter, Long-Term Approach
Investor Bill Ackman said Tuesday that he will no longer take part in activist short selling.
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China's Factories Were Hit Harder This Quarter Than Last Year as Covid Drags on, Survey Says
Manufacturing growth in China is slowing, while retail businesses are struggling as Covid-related restrictions take their toll, according to China Beige Book.
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Domino's Pizza China Operator Files for Hong Kong Listing
The operator of Domino’s Pizza stores in China, DPC Dash, applied Monday to go public on the Hong Kong stock exchange, according to an online filing.
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Asia-Pacific Stocks Mostly Rise; Japan Warns Against Rapid Yen Weakening as It Hovers Near 6-Year Low
The yen was in focus for investors, after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25%
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India Is Snapping Up Cheap Russian Oil, and China Could Be Next
There’s been a “significant uptick” in Russian oil deliveries bound for India since March after Russia’s invasion of Ukraine, industry observers say.
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Chinese Tech Stocks Mostly Rise as Meituan Jumps More Than 11% in Mixed Asia Trading
Profits at China’s industrial firms rose 5.0% for the January to February period as compared with a year earlier, according to data released Sunday.
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Stocks Could Take Their Cue From Oil, Inflation and Interest Rates in the Week Ahead
March’s jobs report is coming up in the week ahead, but it’s more likely to be developments around Ukraine, oil prices and inflation that steer the market.
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European Stocks Close Slightly Higher With Ukraine, Monetary Policy in Focus
European markets closed slightly higher on Friday, as investors continued to monitor the war in Ukraine and assess the outlook for global monetary policy.
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Hong Kong Drops Nearly 3% as Chinese Stocks Tumble; Tech Stocks Fall
Apple is reportedly planning a hardware subscription service for iPhones that could launch as soon as the end of this year.
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Nio's Outlook Will Be in the Spotlight When the Chinese EV Maker Reports Earnings Thursday
China-based electric-vehicle maker Nio reports fourth-quarter earnings and 2022 guidance after U.S. markets close Thursday.
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BlackRock's Larry Fink, Who Oversees $10 Trillion, Says Russia-Ukraine War Is Ending Globalization
Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine has ended globalization.
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China May Be Looking to Ease Regulations. Is It Time to Invest?
China’s markets bounced back strongly last week following the release of a Chinese state media report signaling support for Chinese stocks.