China

Asia-Pacific stocks, Fed, earnings, economic data

CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA …

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China returns from New Year, CSI 300, New Zealand trade, Fed meeting

Visitors on the central street of Taipa village in Macao, China, on Wednesday January 1. 25, 2023. Tourism and spending are picking up in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the territory and mainland China. Bloomberg | Bloomberg | Getty Images …

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Asia-Pacific Markets, Trade Data, Bank of Japan

Hyundai posts bumper fourth-quarter earnings Hyundai Motor reported net profit of 1.71 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a 143.8 percent year-on-year increase. Despite the strong results, the reading was still below Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of 21.1% …

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Blizzard China: Millions of players lose access to ‘World of Warcraft’ and other games as it goes dark

hong kong CNN — Millions of players in China have lost access to the iconic “World of Warcraft” franchise and other popular video games, as Blizzard Entertainment’s servers in the country went offline after two decades. The company’s services in China were suspended at midnight local time on Tuesday, marking the end of an era …

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China’s reopening is ‘good news’ for growth – but could be inflationary, economists in Davos warn

The reopening of China was one of the most discussed topics at the World Economic Forum in Davos. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s economic reopening could boost global growth, but business leaders and policymakers at the World Economic Forum this week are also a bit worried about its potential inflationary …

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China’s growth in 2023 largely depends on the consumer: KraneShares

The Bund in Shanghai, China on October 19. 17, 2022. China’s gross domestic product grew 3% in 2022, less than half the rate of 2021. Qilai Shen | Bloomberg | Getty Images China’s economy looks poised for a rebound in 2023, but a lot hinges on one variable – the consumer, investment management firm KraneShares …

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Asia-Pacific markets mostly fall as investors digest Chinese economic data

Goldman Sachs: China’s ‘exit wave’ on reopening weighs on economy China’s “exit wave” in its reopening process has slowed the economy significantly, Goldman Sachs economists said in a report. “The ongoing ‘exit wave’ following China’s faster-than-expected reopening has weighed heavily on economic activity in recent months, due to a surge in infections, a temporary labor …

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Covid has broken supply chains. Now on the mend, will they be able to withstand a new shock?

Minneapolis CNN — The pandemic has dislodged the global supply chain, plunging once smoothly functioning businesses, industries and economies into a state of disarray. After almost three years of fluctuations and extreme extremes, the system is slowly accelerating and synchronizing better: ocean freight times are steadily decreasing, ports are less congested, labor strikes have been …

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Japan wholesale price, bitcoin, China Covid, US inflation

Wholesale prices in Japan rise faster than expected Japan’s producer prices, or wholesale prices, rose 10.2% in December from a year ago, according to official data. It was more than the 9.5% rise expected by economists polled by Reuters and marked the third straight rise in monthly readings. The country’s producer prices rose 0.5% on …

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Asia-Pacific Shares Generally Higher on Cooler Inflation Impression

China’s December exports fell less than expected China’s exports and imports fell less than expected for December, according to the customs administration. Chinese exports fell 9.9% in December from a year ago, in US dollar terms, slightly better than the 10% drop predicted by a Reuters poll. Imports fell 7.5% in December from a year …

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