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Blog 3 Columns

  • GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

    GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV0

    General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

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  • Weekly Comic: China’s Precarious Reopening

    Weekly Comic: China’s Precarious Reopening0

    China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have owed their bright start to the year largely to hopes that the world’s second-largest economy will quickly reap the benefits of dropping the harsh public health restrictions that slowed the

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  • Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

    Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited0

    The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day,

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  • Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears

    Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears0

    Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and

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  • Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes

    Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes0

    Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was dented by a warning from the

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  • China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin

    China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin0

    Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, higher than forecasts

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  • Dow Futures Tick Higher, Fed Minutes In Focus

    Dow Futures Tick Higher, Fed Minutes In Focus0

    U.S. stock futures were trading higher during Monday’s evening deals, with market participants looking ahead to a busy week of economic data and the release of the U.S. Federal Reserve’s latest meeting minutes. By 6:356pm ET (11:35pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.2%. Ahead

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  • South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI

    South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI0

    South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturers fell to a seasonally-adjusted 48.2

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  • Philippines Main Airport Scrambles To Restore Normalcy After Power Cut

    Philippines Main Airport Scrambles To Restore Normalcy After Power Cut0

    The Philippines’ main gateway remained on reduced operations on Monday after a New Year power outage that jolted its air traffic control, with authorities scrambling to resume full service after more than 300 flights were disrupted. The ageing Ninoy Aquino international airport was early on Monday handling a maximum 15 arrivals per hour compared to

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