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Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

Disillusioned at house, super-rich Chinese language set their sights on Singapore

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SINGAPORE, Jan 31, (Reuters) – Like many wealthy Chinese language, graduate scholar Zayn Zhang thinks Singapore might be very best to park his household’s wealth. He is hoping that finding out at a college within the Asian monetary hub will result in everlasting residency and whereas the 26-year-old hits the books, his spouse is out … Read more

U.S. dwelling gross sales droop to 12-year low; glimmers of hope rising

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Current dwelling gross sales drop 1.5% in December Gross sales fall 17.8% in 2022, sharpest annual decline since 2008 Median home worth rises 2.3% from 12 months in the past WASHINGTON, Jan 20 (Reuters) – U.S. present dwelling gross sales plunged to a 12-year low in December, however declining mortgage charges raised cautious optimism that … Read more

China’s manufacturing unit, retail sectors skid as COVID hits development

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China’s industrial output development slows greater than anticipated Retail gross sales contraction deepens Property funding falls most in over twenty years Nationwide jobless charge climbs Close to-term outlook darkens following COVID leisure – analysts BEIJING, Dec 15 (Reuters) – China’s financial system misplaced extra steam in November as manufacturing unit output slowed and retail gross … Read more

Waning belief: China shadow banks pivot away from property to outlive

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SHANGHAI/HONG KONG, Dec 12 (Reuters) – For greater than a decade, Chinese language builders’ debt-fuelled building growth enriched the nation’s shadow banks, who had been wanting to capitalise on the wants of an {industry} determined for credit score and too dangerous for conventional lenders. Now, within the wake of a authorities clampdown on actual property … Read more