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India’s unemployment hits 45-year high

Bloomberg India’s jobs scene — with unemployment at a 45-year high — is looking gloomy with hiring activity slowing across most sectors. Banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace, according to the study by Care Ratings Ltd. that relied on annual reports for the year ended March from nearly 1,000 ...

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Fewer South Korean tourists visiting Japan

Bloomberg The number of South Koreans visiting Japan dropped 7.6% in July, underscoring the toll a trade spat is taking on commerce in both countries. The decline in South Korean tourists dented an otherwise positive result, with total number of visitors to Japan climbing 5.6% from a year earlier, according to Japan National Tourism Organisation. The result was boosted by ...

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Japan’s pension fund warns of global investing losses

Bloomberg Global markets have become so synchronised that money managers risk losing on every front, according to Hiromichi Mizuno, chief investment officer of the world’s largest pension fund. Japan’s $1.5 trillion Government Pension Investment Fund lost money in equities, fixed-income and currency positions in the last three months of 2018, Mizuno pointed out in Sacramento, California. “Conventional wisdom of portfolio ...

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