China

JPMorgan’s Kolanovic sees correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some …

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Questions arise about next FOMC meeting; will their decisions remain data-dependent

Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the calendar year 2023. But before Federal Reserve officials meet for the first time this year on Friday, January 27 the government will release its latest data on inflation vis vis-à-vis the core PCE for December. Currently, …

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Opinion: Beyond the Bank of Canada’s rate hikes: The era of low interest rates is over

The low-interest-rate era was supported by the disinflationary force of globalization that shifted production to lower-cost parts of the world that, in turn, reduced consumer prices. Those days are now over.Sean Kilpatrick/The Canadian Press Craig Alexander has served as chief economist at Deloitte Canada, the Conference Board of Canada and Toronto-Dominion Bank. The Bank of …

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Russian Crude Exports from Baltic Ports See 50% Hike In January

As Asian oil demand increases, Russian crude oil loadings from Baltic ports are on track for a 50% hike from December to January, Reuters reportsciting its own data combined with trader insights. Russian Urals and KEBCO crude oil loadings specifically from the ports of Primorsk and Ust-Luga will experience the increase, Reuters said, adding that …

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China says COVID outbreak has infected 80 percent of population | Coronavirus pandemic News

Prominent scientist says Lunar New Year travel rush unlikely to lead to a surge in COVID cases as most people have already been infected. The possibility of a large-scale COVID-19 rebound in China over the next few months is remote as 80 percent of the country’s population has been infected, a prominent government scientist has …

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COVID-19 in China: Expert says 80% of population have been infected – National

The possibility of a big COVID-19 rebound in China over the next two or three months is remote as 80% of people have been infected, a prominent government scientist said on Saturday. The mass movement of people during the ongoing Lunar New Year holiday period may spread the pandemic, boosting infections in some areas, but …

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China’s Imports Of Crude Oil From Malaysia Hit Record High

Chinese imports of crude oil from Malaysia surged in December to a record 1.3 million barrels per day (bpd), placing Malaysia – whose daily crude production is three times lower – third among China’s biggest crude oil suppliers, only behind Saudi Arabia and Russia. Chinese crude oil imports from Malaysia exceeded the volumes of crude …

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Death toll in Tibet tunnel avalanche rises to 28 | Environment News

Vehicles were crushed under tons of snow and ice that collapsed on a highway tunnel. Rescuers in Tibet have discovered eight more bodies, increasing the death toll to 28 following an avalanche that buried multiple vehicles in deep snow and ice on a section of road connected to a highway tunnel. Chinese state media reported …

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Israel’s democracy on the brink amid supreme court showdown with Netanyahu

Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside the region’s biggest stories. Sign up here. Jerusalem CNN — Israel’s highest court this week ordered Prime Minister Benjamin Netanyahu to fire a key ally, a dramatic move amid an unprecedented confrontation between his government …

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