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Asia manufacturing activity holds up

Bloomberg Factory activity across much of Asia continued to hold up in January even as China’s output showed signs of moderating. Taiwan’s IHS Markit January manufacturing purchasing mangers’ index rose to 60.2 from 59.4 in December, its highest reading since April 2010. South Korea’s rose to 53.2 from 52.9, the most since February 2011. Both were well above the 50 ...

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Virus controls impact China’s holidays, economic recovery

Bloomberg China’s efforts to control a recent resurgence of Covid-19 are undercutting a recovery that’s been one of the bright spots in the global economy. Travel has collapsed ahead of the Lunar New Year holidays after recent lockdowns were imposed in northern China to curb outbreaks and the government took steps to discourage millions of people from making the annual ...

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Myanmar military takes power for one year, Suu Kyi detained

Bloomberg Myanmar’s military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party’s landslide November election victory in a setback for the country’s nascent transition to democracy. Army chief Min Aung Hlaing’s office said he took the action in response to alleged voter fraud and military would hold a “free and fair general ...

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