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China Covid protests spread to Hong Kong

  Bloomberg Dozens of people in Hong Kong rallied in the city and emulated some of the protests erupting in China in opposition to the nation’s Covid Zero policy. The people gathered in the city’s central business district at about 7:40 pm local time, with some holding blank pieces of paper — mimicking what many protesters have done in the ...

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Korea banks add $3.7 billion to market aid fund to ease strains

  Bloomberg South Korea is continuing with efforts to ease strains in its credit market, with local financial firms making a second round of contribution to a key bond stabilisation fund redeployed in October. The companies will inject an additional 5 trillion won ($3.7 billion) into the fund between December and January, according to the Finance Ministry. The Bank of ...

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RBNZ surprised by persistent inflation, says assistant governor

  Bloomberg New Zealand’s central bank has been surprised by the strength of inflation, which has boosted price expectations and required a more aggressive interest-rate response, Assistant Governor Karen Silk said. “What we have seen is actual inflation continue to surprise on the upside, but more importantly inflation expectations have moved higher as well,” Silk said in an interview with ...

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