December, 2022

• 12 December

  China’s markets are primed for extreme volatility in 2023

  

    Bloomberg When China’s securities regulator vowed to reduce market volatility in January, few predicted that this year would be one of the most turbulent in recent memory. The drama has only increased this quarter, setting the scene for more upheaval in 2023. Chinese stocks are now moving by 5% a day more frequently than anytime since the global market ...

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• 12 December

  Hong Kong tycoon mulls $200m FWD investment

  

    Bloomberg Hong Kong billionaire Richard Li is weighing investing about $200 million in his insurance company FWD Group Holdings Ltd as part of a funding round, people familiar with the matter said. An investment would help support the insurer’s growth plans ahead of a long-awaited Hong Kong initial public offering, which could take place as soon as 2023, the ...

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• 12 December

  Philippines’ Marcos says wealth fund to help boost investments

    Bloomberg Philippine President Ferdinand Marcos Jr said the proposed sovereign wealth fund will help boost economic development and investments in the country. “I wouldn’t have brought it up otherwise,” Marcos said, according to a news release posted by the Office of the Press Secretary. “It’s very clear that we need added investment. This is another way to get that.”

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• 12 December

  China’s top medical adviser says omicron’s risks just same as flu

  

  Bloomberg Chinese officials continued to downplay the risks of Covid-19 as restrictions are eased, with a top medical adviser saying the fatality rate from the omicron variant of the virus is in line with influenza. The death rate from omicron is around 0.1%, similar to the common flu, and the infection rarely reaches the lungs, Zhong Nanshan was quoted in ...

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• 12 December

  India’s retail inflation eases below 6%

    Bloomberg India’s retail inflation slowed below 6% for the first time in 2022 amid cooling global commodity prices and higher borrowing costs, providing reprieve for policymakers. The consumer price index rose 5.88% from a year earlier, according to data released by the Statistics Ministry on Monday. That’s slower than a median estimate for a 6.35% gain in a Bloomberg ...

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• 12 December

  South Korea strains ease as yields drop for first time since 2021

  

  Bloomberg The strains in South Korea’s credit market showed further signs of easing, with short-term borrowing costs falling for the first time in 20 months on Monday. Yields on three-month commercial paper — which companies use to raise funds for short-term payments like payroll — dropped a basis point in Seoul, which means conditions are improving. That would be the ...

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• 12 December

  G-7 leaders to hold virtual talks after Biden’s call with Zelenskiy

  

  Bloomberg Group of Seven leaders were expected to hold a virtual meeting hosted by German Chancellor Olaf Scholz, according to a public itinerary for Canadian Prime Minister Justin Trudeau. The leaders are likely to discuss topics including support for Ukraine against Russia’s military assault. It wasn’t immediately clear whether all G7 leaders would participate. Trudeau’s government imposed a fresh round ...

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• 12 December

  Peru protests leave one person dead

  

  Bloomberg Demonstrations in Peru left one person dead, while a Congressional debate on proceedings against former President Pedro Castillo was suspended. Peru’s National Police (PNP) said in a statement one person died during clashes with the officers at the city of Andahuaylas’ airport. Demonstrators occupied the airport, preventing dozens of policemen and workers from leaving the control tower. A policeman ...

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• 12 December

  Jan 6 panel says criminal referrals would be important marker

  

  Bloomberg Members of a House panel discussed urging criminal prosecutions against aides and allies of former President Donald Trump for the January 6 attack on the US Capitol, and adjourned without announcing any decisions. Presentations for referrals were made and other topics were also discussed at the virtual meeting, according to multiple people familiar with the talks. A committee spokesman ...

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• 12 December

  Bolsonaro appears in public ahead of Lula certification

    Bloomberg Brazil’s outgoing President Jair Bolsonaro appeared twice in public over the weekend though he made no public comments ahead of the certification of Luiz Inacio Lula da Silva’s election victory. Bolsonaro prayed in front of supporters standing in the Alvorada Palace in Brasilia. Chants of “legend” rang out from a crowd holding signs saying “the court is the ...

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