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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s consumer prices rose by a more-than-expected 0.5% in July from a year ago, according to data from the National Bureau of Statistics on Friday.
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Asia-Pacific markets higher after U.S. stocks bounce back from rout
Asia-Pacific markets opened higher on Friday, tracking gains on Wall Street after new labor market data eased recession concerns.
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More Chinese EV makers enter Singapore as it boosts adoption with incentives, more charging points
More Chinese electric vehicle brands are launching in Singapore as the government pushes for EV adoption with extended incentives and charging points.
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Trump plans light campaign schedule as Harris, Walz barnstorm battlegrounds
As Trump attends small events in Florida, Democratic Vice President Kamala Harris and Gov. Tim Walz, plus GOP Ohio Sen. JD Vance, all barnstorm battlegrounds.
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The Chinese yuan could be the next ‘carry trade’ to unwind. Here’s what to watch for
“I think the next potential carry trade to unwind could be the yuan,” Khoon Goh, head of Asia research at ANZ Bank, told CNBC’s “Squawk Box Asia.”
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Florida HBCU’s record $237 million donation from hemp mogul is worthless, investigator confirms
Millions intended for scholarships, athletics facilities, the nursing school and a student business incubator will not be realized.
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Boeing’s new CEO spent his first day walking a factory floor
Robert “Kelly” Ortberg is planting a symbolic flag in the ground back in the Pacific Northwest.
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30-year mortgage rates drop to 6.47 percent—lowest in a year
“The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move,” said Sam Khater, Freddie Mac’s chief economist.
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Investment banker bonuses set to soar in 2024
Corporate clients that tapped the brakes on stock and bond sales as the Federal Reserve boosted interest rates are returning to the market.