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...(3) Citi is our #1 large-cap bank investment....
...Wise Children — a talismanic work for her and the name of her company — combined Shakespearean plot twists with backflips and end-of-the-pier razzle-dazzle....
...The IMF last week raised its US growth projection for 2024 to 2.1 per cent, up from a previous forecast in October of 1.5 per cent....
...And if the once-unthinkable happens that the Bank of Japan starts hiking rates, which appears to us they’re setting the market up to do, likely after their fiscal year changes in March, now you’ve got two...
.... ©2023 Nikkei Inc. All rights reserved....
...(On a more micro level, this November 2023 paper by the Centre for Inclusive Trade Policy looks at the impact of that uncertainty on UK import prices and finds the “referendum outcome raised UK import prices...
...In September, it reached a record difference after China’s central bank imposed temporary curbs on gold imports in a bid to defend the renminbi....
...Do you ever see them telling us [in advance] that they are going to dig that? No, they never tell us,” Sok Touch told state-aligned media in January....
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...Income on those short-term bills and cash-like deposits surged to $1.1bn, up from $164mn a year prior....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...The next formal wave of US-EU trade talks take place on December 5, with the IRA due to take effect on January 1....
...A depreciation of ¥1 against the US dollar decreases its profits by ¥2bn. Like Uniqlo, it could also raise prices to offset rising import bills....
...But now Russia lacks key imports, not the means to pay. In sum, as reserve managers ponder how to defend their reserves from sanctions, they could seek to avoid US country risk more than the dollar....
...The impact is particularly grim in Africa, which usually imports grain from Ukraine as well as producing its own food....
...That’s a 30-year high, but officials in the US or Europe can only dream of such a low figure. The Bank of Japan, correspondingly, swims against the global tide, keeping monetary policy loose....
...It also increased imports by gradually reducing tariffs....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...As Anton Siluanov, Russia’s finance minister, rose to speak, finance ministers and central bank governors from the US, EU, UK and Canada got up and walked out....
...“We will be pleased to pass the baton at that point and feel very good about having gotten us to this point.” The SEC still faces a tough road ahead....
...The US Treasury said it would halt Russia’s ability to make debt payments in dollars through US banks as world leaders sought to punish Moscow for the apparent mass killings of unarmed civilians in Ukraine...
...The Internet of (Five) Things 1....
...So when the central bank held rates at the historic low of 0.1 per cent, the reaction was violent....
...Last August, he broke ground on a $400mn factory in Ohio designed to augment the company’s imports from Taiwan....
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