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☆ Gold climbs on subdued dollar, U.S. data in spotlight
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices rose on Thursday as a softer dollar rekindled some of bullion's appeal for overseas buyers, while investors braced for a host of U.S. economic data ahead of a crucial Federal Reserve policy meeting next week. Spot gold rose 0.48% to $1,999.01 per ounce by 448 GMT, while U.S. gold futures climbed 0.6% to $2,008.10. Safe-haven gold scaled an over one-year peak at $2,048.71 in mid-April, as the banking crisis unfolded and weak U.S. economic readings bolstered bets for a pause in interest rate hikes. Brian Lan, managing director at gold dealer GoldSilver Central in Singapore said, a lot is hinged on the Fed's interest rate decision in May, and gold could see more volatility due to the dollar.

☆ China has an inflation problem. It’s way too low
▼ + stars: | 2023-04-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

That’s raising the specter of a tailspin of falling prices and wages from which the economy may struggle to recover. “Our core view is that China’s economy is deflationary,” wrote Raymond Yeung, chief economist for Greater China at ANZ Research, last week, soon after China released its first-quarter GDP growth figures. Instead of spending money, people are hoarding cash at a record rate. “Even with a conservative estimate, 500 billion yuan in consumption vouchers will drive one trillion yuan in overall consumption, ” Li said in a video posted on his Weibo social media account on Tuesday. In return, the government could receive at least 300 billion yuan through taxes generated by the increase in spending, he said“So it only takes 200 billion yuan in spending for the central government to drive one trillion yuan in consumption,” he said.

☆ China's c.bank official says no basis for long-term deflation
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

BEIJING, April 20 (Reuters) - A recovery in Chinese consumer demand needs time to pick up due to the "scarring effect" of COVID-19, but there is no basis for any long-term deflation, an official from the People's Bank of China (PBOC) said on Thursday. Despite the bounce in growth, consumer price inflation is slowing sharply and factory gate prices are in freefall. The PBOC expected consumer price inflation to pick up later this year, but there is no basis for sustained deflation or increases in inflation in China, Zou Lan, head of the monetary policy department at PBOC, told a news conference in Beijing. Amid the global economic recession jitters, Zou said the PBOC will continue to implement prudent monetary policy. Ruan Jianhong, spokesperson of the PBOC, expected household loan demand to steadily increase.

☆ China’s central bank expects ‘U-shaped’ recovery in consumer prices
▼ + stars: | 2023-04-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Workers at a factory making lithium battery products for domestic and international markets in Nantong, Jiangsu province, China. BEIJING — The People's Bank of China said Thursday it expects consumer prices to pick up this year, and that the central bank is not expecting inflation or deflation to become a significant problem for China. China's consumer price index hit an 18-month low in March, and rose 0.7% year-on-year. Zou added that in the medium to long term, China's economy has no basis for an inflationary or deflationary trend. He claimed that's because demand and supply in China's economy are even, and monetary policy is "reasonable."

☆ Hours before Blinken visit, US condemns Vietnam's jailing of activist
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, April 13 (Reuters) - Hours ahead of a visit to Hanoi by U.S. Secretary of State Antony Blinken, the United States on Thursday condemned Vietnam's jailing of a prominent political activist and said ties could only reach their full potential if the country improved its human rights record. Thang participated in environmental and anti-China protests, voiced support for jailed activists, and blogged about socio-political issues, according to his social media accounts. Vietnamese authorities have convicted at least 163 people since 2018 for exercising their rights to freedom of expression or association under "vague or over-broad laws that criminalize protesting or criticizing the government", according to Human Rights Watch. In a statement on Thursday, Human Rights Watch called on Blinken, who is due in Hanoi on Friday, to "publicly and privately urge Vietnam’s leadership to end its systemic abuse of freedom of expression, association, and peaceful assembly." Reporting by David Brunnstrom; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ Gold retreats as investors navigate interest rate outlook
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: +2 min

A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices were lower on Thursday as the dollar firmed, with a fresh set of global economic data cementing investor worries that global interest rates would stay higher for longer than expected. Although considered a hedge against inflation, higher interest rates to tame rising prices increase the opportunity cost of holding non-yielding bullion. Gold prices "are just consolidating. The dollar has strengthened and that's why we see gold prices coming down a little," said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

☆ Gold firms on softer dollar but Fed's rate-hike views limit advance
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: +2 min

A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices rose on Thursday, helped by a slight pullback in the dollar, although prospects of U.S. interest rates staying higher for longer kept bullion on a tight leash. Elevated interest rates dampen gold's appeal as an inflation hedge while raising the opportunity cost of holding the non-yielding asset. St. Louis Fed President James Bullard reiterated on Wednesday that a Fed policy rate in the range of 5.25%-5.5% would be adequate to tame inflation. Investor attention is now on the U.S. personal consumption expenditures data, the Fed's preferred inflation measure, due on Friday.

☆ Gold hits more than 9-month high after Powell strikes dovish tone
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: +2 min

Spot gold was up 0.2% at $1,953.76 per ounce, as of 0206 GMT, after hitting its highest since April 2022 earlier in the session. U.S. gold futures rose 1.3% to $1,967.50. However, Powell warned of further monetary policy tightening while noting the progress on disinflation, which he said was in its early stages. "Although Powell said rate hikes might continue, the market expects the Fed not to be drastic anymore, which is supporting gold. Gold tends to benefit in a lower interest rate environment, as it reduces the opportunity cost of holding non-yielding bullion.

☆ Airbnb's 13 most wish-listed properties in the world for 2023—including an $18 million home
▼ + stars: | 2023-01-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +8 min

Airbnb's most wish-listed new global listings for 2023Modern Smoky Mts Getaway Cabin - Gatlinburg, TennesseeThis cabin is nestled in the Smoky Mountains in Gatlinburg, Tennessee, United States. Luxury Glass Tiny House - Warren, VermontLocated in the heart of the Green Mountains in Vermont, this tiny home is just 200 square feet. AirbnbThis tiny home, with a jaw-dropping view, sits in the heart of the Green Mountains in Vermont. AirbnbThis cabin at Highlands Hideaway in Blue Ridge, Georgia, has three bedrooms, a bunk room, and three full bathrooms. AirbnbThis tiny home in Hawson, South Australia, Australia, was built between 2018 and 2019.

☆ Chile's LATAM airline sees 2023 revenue taking off, up at least 15%
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

Jan 19 (Reuters) - LATAM Airlines, South America's largest carrier, sees double-digit revenue growth this year, according to company guidance published in a statement on Thursday, as many airlines chart a more profitable future amid pent up demand from travelers. The airline also forecast 2023 growth of around a fifth for passenger and cargo operations for this year. The airline's financial net debt, however, is seen ticking up to between $6.1 billion-$6.2 billion this year, compared to some $5.5 billion in red ink estimated for 2022. LATAM, born from the 2012 merger of Chile's LAN with Brazilian rival TAM, operates units in Chile, Brazil, Colombia and Peru. Reporting by Valentine Hilaire and Carolina Pulice; Editing by David Alire Garcia and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Gold set for fifth straight weekly rise on Fed slowdown bets
▼ + stars: | 2023-01-20 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was little changed at $1,930.04 per ounce, as of 0308 GMT and was up 0.5% for the week. With lower rates translating into lesser returns on interest-bearing assets like government bonds, investors may prefer zero-yield gold. The dollar index was headed for a second consecutive weekly drop, making bullion cheaper for overseas buyers. Both metals headed for a second straight week of declines. Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Rashmi Aich and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ How China planted an FBI mole who was discovered only after gutting the CIA's vast spy network
▼ + stars: | 2023-01-18 | by ( James Bamford | ) www.businessinsider.com time to read: +25 min

At the time, four years after the handover from Britain to China, much of Hong Kong remained a world of neon and noise. "Five years ago, everyone looked down on you if you spoke Mandarin," said a Beijing executive living in Hong Kong. As soon as the Hong Kong Arts Festival ended, the Hong Kong International Film Festival began. In February 2006, Alex Ma, China's mole in the FBI, sent David photos he received from his handlers of five suspected human sources. Born in Hong Kong like Alex, Lee grew up in Hawaii and became a naturalized U.S. citizen.

☆ Gold edges higher as dollar dips ahead of U.S. jobs data
▼ + stars: | 2023-01-05 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% at $1,856.11 per ounce, as of 0302 GMT, after hitting a near seven-month high in the previous session. U.S. gold futures also edged 0.1% higher at $1,861.20. "Gold has had a good start to the year, helped by a weaker dollar and expectations that the Fed might slow its pace of rate hikes. "If the jobs data reflects that the rate hikes have taken a toll on the economy, then dollar might weaken further and benefit gold." Bullion is seen as a hedge against inflation and economic uncertainties, but higher interest rates tend to weigh on non-yielding gold.

☆ Hong Kong announces planned border re-opening with China as omicron surges at Christmas
▼ + stars: | 2022-12-24 | by ( ) www.cnbc.com time to read: +1 min

Customers at a bar in the Lan Kwai Fong area in Hong Kong, China, on Thursday, Dec. 22, 2022. At present, individuals hoping to enter the mainland through Hong Kong can only do so through the city's airport or two checkpoints - Shenzhen Bay or the Hong Kong-Zhuhai-Macau bridge. Hong Kong and Beijing shut their borders in early 2020 as Covid first surfaced and they have remained closed since then, as China has capped inbound travellers as part of its strict "zero-Covid" policy. Beijing loosened China's domestic zero-Covid restrictions earlier this month, dropping mandatory testing requirements and travel restrictions. While many have welcomed the easing, families and the health system were unprepared for the resulting surge of infections.

☆ China's reopening brings both risks and opportunities, Asian Development Bank says
▼ + stars: | 2022-12-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

watch nowChina's reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC. His comments came a day after Hong Kong further eased travel and mobility measures. It's been surprising how quickly businesses in Hong Kong have bounced back, and those that left Hong Kong due to its stringent measures in the past are ready to return as well, claimed Zeman. "They've been so pleased with the result of yesterday and many are planning their trips back," he said, referring to people who do business in Hong Kong. With regard to tourism, China's reopening will accelerate Hong Kong's recovery to "bring us back to the old days again," according to Zeman.

☆ From 'antiwork' to 'act your wage' — more disgruntled workers flocked to Reddit in 2022
▼ + stars: | 2022-12-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +8 min

The top trending keywords among work-related subreddits in 2022 include, "anitwork," "act your wage" and "quiet quitting," said Reddit. The top trending keywords among work-related subreddits or communities in 2022 include "antiwork," "act your wage" and "quiet quitting," Reddit told CNBC Make It. "Act your wage" — like quiet quitting, it's a call for workers not to go above and beyond for their jobs — saw a 95% year-on-year increase in the same period. Natalie Baumgartner Workplace psychologist"Redditors" submit posts about work attitudes and experiences on work-related communities, asking for or giving general life and career advice. Natalie Baumgartner Workplace psychologistBaumgartner agreed, saying that workers engaging in conversations on Reddit need to be aware that they're "not necessarily going to receive best practices."

☆ We think China will fully reopen by the third quarter of 2023, UBS says
▼ + stars: | 2022-11-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think China will fully reopen by the third quarter of 2023, UBS saysMin Lan Tan of UBS Global Wealth Management says the country's "preparation phase" has begun, and its reopening is likely to be a process rather than an event.

☆ LATAM Airlines posts narrower quarterly loss as fuel costs bite
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Nov 8 (Reuters) - LATAM Airlines (LTM.SN), South America's largest carrier, reported on Tuesday a narrower third-quarter net loss of $296 million, the company said in a statement, partly hit by high fuel prices. The Chile-based airline's quarterly loss this year compares to a $694 million loss during the same three-month period last year. LATAM's revenue during the July to September period rose 97% to total $2.587 billion compared to the third quarter last year. LATAM filed for Chapter 11 bankruptcy protection in 2020 after the airline was hammered during the pandemic. Reporting by Fabian Cambero; Editing by David Alire Garcia and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

HONG KONG — After mass unrest in 2019, a pandemic that left it isolated from the world and the imposition of a national security law that has crushed dissent, Hong Kong is ready to turn the page. According to government statistics, about 319,000 people arrived in Hong Kong last month, down 97% from 10.8 million in October 2019. According to one report last month, Hong Kong has lost its status as Asia’s top financial center to Singapore. While it may not be realistic to expect businesses to turn away from China’s huge market, global business leaders “need to recognize that there’s a new situation in Hong Kong, there’s a new reality,” said Brian Kern, the lead researcher for a report on doing business in Hong Kong that was published last month by the Hong Kong Democracy Council, a nonprofit group based in Washington. Lee also pointed to a report in September in which Hong Kong topped Singapore as the world’s freest economy.

☆ From Apple AirPods and Squishmallows to 'Encanto' toys, here are some of the most anticipated gifts this holiday season, according to Adobe
▼ + stars: | 2022-10-27 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +9 min

"The shape of the holiday season will look different this year, with early discounting in October," Patrick Brown, Adobe vice president of growth marketing and insights, said in a statement. Here are the toys, gaming devices, games, and other gifts that Adobe predicts will be the most popular items this holiday season. SquishmallowsThe stuffed animals come in all sizes, shapes, and colors and are expected to once again be popular this holiday season. Xbox Series XThe Xbox Series X is the fastest, most powerful Xbox yet, per Microsoft. Apple Watch Series 8/UltraThe new Apple Watch Series 8 comes in eight different colors, with either a 41-millimeter or 45-millimeter case.

☆ Sterling dips as market trims BoE rate hike bets, yen scrabbles off 32-yr low
▼ + stars: | 2022-10-18 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The battered Japanese yen traded near a 32-year trough to the dollar at 149 yen, putting the major psychological barrier of 150 in focus. ING expects now a 75 basis-point rate hike in November rather a full-point move expected before the fiscal policy U-turn, Smith added. The euro was volatile weakened against the dollar following German investor sentiment data, which albeit less pessimistic than expected, still painted a bleak picture of Europe's biggest economy. The dollar index which measures its performance against six major currencies, including sterling, the euro and the yen - was last down 0.1% at 112.00. Britain's policy U-turn saw the risk-sensitive New Zealand dollar surge more than 1%, already lifted by hotter-than-expected consumer inflation data, boosting bets for further rate hikes.

☆ 'I accept being ordinary': China's youth are turning their backs on hustle culture
▼ + stars: | 2022-09-16 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +10 min

"Tang ping" and "bai lan" reflect the intense competition faced by young Chinese today, said Jia Miao, an assistant professor from NYU Shanghai. "Tang ping is the rejection of overworking, where you let things be and do the bare minimum," said Miao. Unemployment and uncertaintiesBoth buzzwords, tang ping and bai lan, reflect the intense competition faced by young Chinese today, said Miao. 'Tang ping' gives me breathing space to reflect on my career and future, it's not necessarily a bad thing." "I have set goals for myself when I am not working, so 'tang ping' doesn't feel like a waste."

☆ Terenuri inundate în raionul Căuşeni. Apă până la glezne într-un lan de porumb (VIDEO)
▼ + stars: | 2021-07-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Mai multe terenuri din satul Chircăieşti, raionul Căuşeni au fost inundate în urma precipitaţiilor căzute zilele trecute. În imaginile video plasate de un internaut se vede un lan de porumb, unde apa ajunge până la glezne. Primarul satului împreună cu cei de la situaţii excepţionale au mers să inspecteze terenurile afectate de ploile torenţiale. "Astăzi cu echipa situațiilor excepționale, ne-am deplasat la terenurile afectate de ploile torențiale care a avut loc zilele trecute, unde am fost nevoiți să ne deplasăm în remorca unui tractor, fiindcă era imposibil să te deplasezi cu mașina. Ajungând la fața locului, am depistat că multe terenuri au fost inundate", a scris primarul Oleg Burlac.

Persons: Oleg Locations: Căuşeni

☆ Două tinere au fost ucise în lanul de porumb, strivite de o combină agricolă; Una din ele a apucat să sune la 112
▼ + stars: | 2021-07-08 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Corriere.itDouă tinere au fost ucise în lanul de porumb, strivite de o combină agricolă; Una din ele a apucat să sune la 112Două tinere, de 28 şi 32 de ani, au fost găsite moarte într-un lan de porumb, de lângă Milano, după ce au fost strivite de o combină agricolă. Sara a mai trăit după impact și a reușit să sune la 112 și să anunțe autoritățile că „este rănită, iar prietena ei este moartă”, după ce au fost lovite de o combină agricolă. Mesajul a fost transmis în limba arabă. Echipele de salvare au pornit în căutarea celor două tinere după ce un translator a tradus mesajul. Anchetatorii încearcă să afle acum ce căutau cele două tinere în lanul de porumb.

Persons: ., Carabinierii, San Giuliano Milanese, Andrea P, Sara El, Sara Locations: Milano, San, Italia

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