economy


Small caps set to keep surging as vaccines aid recovery

Small caps set to keep surging as vaccines aid recovery

NEW YORK: Small-cap stocks have far outperformed their larger counterparts in November en route to their best monthly performance on record, and look set to remain Wall Street leaders as companies poised to benefit from an economic recovery. The Russell 2000 and S&P 600 indexes of small-cap stocks are up …

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More data signals strong China growth

More data signals China growth

(ATF) China is powering its way out of the coronavirus downturn.Yet more data released Tuesday showed the world’s second-largest economy is growing at an ever-faster rate, just months after the pandemic inflicted the first quarterly contraction in generations on the communist state.The latest purchasing managers index (PMI) survey data on …

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Supporting Hong Kong’s businesses and households in new normal  

Supporting Hong Kong’s businesses and households in 'new normal'  

(ATF) In Hong Kong, the transition from face-to-face to contactless interactions has been swift and widespread as a result of the Covid-19 pandemic.The so-called “new normal” economic activities such as online shopping, digital payments, and remote working have accelerated as consumers and businesses adapt to the new environment. As a …

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Investors cheer as Asian factories confirm demand return

Investors cheer as Asian factories confirm demand return

(ATF) Asian markets roared back on Tuesday after data from the region's factories showed a pick-up in activity and the broader-based recovery was a likely harbinger of a virtuous cycle, analysts said."The November PMI reports reinforce our view that external demand is still on track of recovery, despite the resurgence …

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China's factory output hits 3-year high, November PMI data show

China's factory output hits 3-year high, November PMI data show

(ATF) China's factory activity expanded at the fastest pace in more than three years in November as the country's economic recovery from the coronavirus pandemic stepped up.The manufacturing purchasing managers’ index jumped to 52.1 in November from 51.4 a month ago, mostly due to more domestic orders and an increase …

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RBI’s banking leap of faith sparks concern

RBI’s big leap of faith sparks concerns

(ATF) A proposal by the Reserve Bank of India (RBI) that could allow large corporations to set up banks has set off alarm bells among analysts.The recommendations are fraught with risks, they say, while some also wonder why the central bank has radically changed its outlook on this issue.India has …

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Trump administration to add 4 more Chinese firms to Pentagon blacklist

Trump administration to add 4 more Chinese firms to Pentagon blacklist

WASHINGTON: Washington is poised to designate four more Chinese companies as backed by the Chinese military, sources said, curbing their access to US investors as the Trump administration seeks to cement its hawkish China legacy in its waning days.The designations, which have not been previously reported, could be released by …

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Mood soured by US Treasury-Fed spat

Mood soured by US Treasury-Fed spat

(ATF) Hong Kong: Financial markets tumbled on Friday as an unprecedented spat between the US Treasury and the Federal Reserve over pandemic recovery funds hammered sentiment already shaken by the rising coronavirus infection count.But mainland China and Hong Kong stocks edged up as the People’s Bank of China (PBoC) kept …

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Deflation rears its ugly head again in Japan

Deflation rears its ugly head again in Japan

(ATF) The threat of deflation in Japan reared its head again Friday as data showed consumer prices had fallen the most in a decade last month, sparking a selloff in stocks.An announcement by Finance Minister Taro Aso that talks with the Bank of Japan on a financial stability package were …

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CSRC on a mission to delist 'zombie enterprises'

CSRC on a mission to delist 'zombie enterprises'

(ATF) China intends to streamline its delisting criteria to eliminate “zombie companies” from the market, a senior regulatory official said on Thursday.Sun Nianrui, deputy director of listed companies supervision at the China Securities Regulatory Commission (CSRC), said the delisting system has been improved since 2019, and a total of 25 …

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