Market Economies

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Effects of Fed's taper move to be limited

China Daily 05 Nov 2021

The world's second-largest economy has gradually normalized its monetary policy since May last year from the COVID-19 emergency, making it unnecessary to follow the Fed's steps of policy normalization, said Yao Yudong, chief economist and vice-general manager of the Dacheng Fund, a mutual fund manager based in Shenzhen, Guangdong province.

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Fair will 'make trade more sustainable'

China Daily 05 Nov 2021

China has become a leader in the digital economy, attracting companies from both home and abroad to invest and develop. The market size of the country's digital economy surged 9.6 percent year-on-year last year, the fastest worldwide, according to the China Academy of Information and Communications Technology, a Beijing-based government think tank.

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Unemployment claims drop to 269,000, another pandemic low

Kingsport Times-News 05 Nov 2021

WASHINGTON — The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year’s coronavirus recession ... 23 — down from 7.1 million a year earlier when the economy was still reeling from the coronavirus outbreak ... economy in the spring of 2020.

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BoE holds interest rate

The News International 05 Nov 2021

Market expectations had been for an increase in borrowing costs this month to tackle runaway prices that are plaguing economies worldwide ... For its part, the British government is forecasting an annual average rate of 4.0 percent over the next year after energy costs soared and reopening economies suffer from supply shortages.

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Surviving on dole-outs

Dawn 05 Nov 2021

The way the news has been received in the country reinforces the perception that the economy was in great distress. As a result of the dole-out, however, the government’s economic team seems relieved, the market sentiments have improved, and the rupee has made a sizeable recovery.

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Record number of U.S. companies attend China's import expo

People Daily 05 Nov 2021

"We have confidence in the Chinese market and will continue to deepen our 'In China, for China' development strategy and increase our investment here," said Willie Tan, CEO of Skechers China, South Korea, and Skechers Southeast Asia Limited ... businesses' continued passion for the Chinese market.

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(CIIE) Record number of U.S. companies attend China's import expo

Xinhua 05 Nov 2021

"We have confidence in the Chinese market and will continue to deepen our 'In China, for China' development strategy and increase our investment here," said Willie Tan, CEO of Skechers China, South Korea, and Skechers Southeast Asia Limited ... businesses' continued passion for the Chinese market.

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Yayasan Peneraju to help fund 10,000 new bumiputera talents next year

Malaysian National News Agency 05 Nov 2021

... based on industry and market demand. "I am confident that the funds will stimulate Yayasan Peneraju to expand its target group as well as introduce new programmes that meet the needs of the current economy and the job market," he said in a statement here today.

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UK pledges over £55m climate change support for Pakistan

The News International 05 Nov 2021

Islamabad . The United Kingdom has pledged more than £55 million to help Pakistan tackle climate change ... Dr ... "To support the transition to net-zero, climate-resilient economies, getting public and private finance flowing is crucial, especially to emerging markets and developing economies.". Dr ... .

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Van Phu – Invest raises US$30 million from Oman-backed joint venture

The Saigon Times 05 Nov 2021

Van Phu – Invest Investment Joint Stock Company (HoSE ... Ho Chi Minh City Securities Corporation served as the consulting firm for the transaction ... These bonds can be converted into VPI shares after maturity ... The Omani subsidiary noted that it places high expectations on the Vietnamese real estate market and the economy at large in the future ... .

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To boost infrastructure, BMC to recycle jumbo centres’ equipment at hospitals

Indian Express 05 Nov 2021

... Chennai Delhi Jaipur Kolkata Lucknow Ludhiana Mumbai Pune Jobs Bank Jobs Defence Jobs PSU Railway UPSC Teachers Job SSC Business Aviation Banking & finance Budget Business Other Companies Economy Market Education Students Voice Study Abroad More Elections Brand Solutions.

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Global Economy Enters 2022 in Strong Health after Surprisingly Swift Pandemic Recovery--But New and Pre-Existing ...

Finger Lakes Times 04 Nov 2021

3, 2021 /PRNewswire/ -- The global economy is set for another year of above-potential recovery growth in 2022, after expanding by a robust 5.1% in 2021 ... By the end of 2022, 66 out of 77 key economies, representing 96% of global GDP, should be at or above pre-pandemic output levels, though labor market and income recovery will lag somewhat.

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Fed sets economic stimulus pullback

Arkansas Democrat-Gazette 04 Nov 2021

The Federal Open Market Committee said it will reduce Treasury purchases by $10 billion and mortgage-backed securities by $5 billion, marking the beginning of the end of the program aimed at shielding the economy from covid-19 ... Until the delta variant's impact on the economy has ...

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Fed will begin slowing down economic aid

The News Banner 04 Nov 2021

With the economy recovering, that’s no longer needed ... “We’re learning now we have to be humble about what we know about this economy,” the Fed chair said ... Until the delta variant’s impact on the economy has fully passed, he said, the job market won’t likely fully recover and many supply chains will remain snarled.

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Fed to begin slowing economic aid as inflation worries rise

Santa Monica Daily Press 04 Nov 2021

With the economy recovering, that’s no longer needed ... “We’re learning now we have to be humble about what we know about this economy,” the Fed chair said ... Until the delta variant’s impact on the economy has fully passed, he said, the job market won’t likely fully recover and many supply chains will remain snarled.