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NUMBERS don’t lie, you just need to be looking at the right ones.
SHANGHAI/LONDON (Reuters): Numbers don't lie, you just need to be looking at the right ones.
HONG KONG/SHANGHAI: Teetering Chinese property giant China Evergrande formally abandoned plans to sell a $2.6 billion stake in one of its key units on Wednesday, as Beijing officials went out in force to say the problems would not spin out of control.
BEIJING: China’s home prices fell for the first time in six years in September, the latest sign that a deepening property slump is slowing the world’s second-largest economy.
LONDON (Reuters) - Executives, beware! You could become your own worst enemy.
SINGAPORE: Investment banks are boosting their technology hiring in South-East Asia and India as the region’s fast-growing consumer Internet markets catch up with their peers, pushing deals to new heights.
A worse-than-expected third quarter economic performance for China has indicated there could be more pain ahead in the final three months of the year, while stoking fears of “stagflation”, analysts say.
NEW YORK: Another time-honoured axiom is being put to the test in the post-pandemic stock market, the one that says don’t fight the United States Federal Reserve (Fed).
BEIJING: China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic Covid-19 cases.