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Argentines brace for 90% inflation

  Bloomberg Argentines face the prospect of 90% inflation by year end after the economy minister’s exit triggered overnight price rises and the central bank comes under pressure to let the peso depreciate more rapidly. That would be the fastest pace since hyperinflation three decades ago, and the highest rate in the world outside Venezuela and Sudan, according to forecasts ...

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Stocks, futures decline as Fed rate-hike bets harden

  Bloomberg US equity futures fall along with stocks in Europe and the dollar resumed its upward march on Thursday after high US inflation hardened expectations for more aggressive Federal Reserve monetary tightening that could trigger a recession. The Stoxx Europe 600 index declined more than 1%, dragged down by the telecom sector, where Ericsson AB plunged more than 10% ...

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Strategists favouring Singapore, dividend stocks in hawkish Asia

Bloomberg Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation, and is playing catch up with its global peers. Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, ...

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