UK Inflation At Highest Since 1992

🇬🇧 🇬🇧 BREAKING: #UK #inflation exceeds expectations in May. Core inflation — which excludes volatile energy, food, alcohol and tobacco prices — rose by an annual 7.1%, up from 6.8% in April and the highest rate since March 1992
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China Is Losing Out To India

🚨 🚨 Top #tech execs get ready to meet #Modi at White House as China’s economy falters
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92% Of Singaporeans Afraid To Lose Money

🇸🇬 🇸🇬 Special Report: More than half, or 55% of Singaporeans do not consider themselves to be financially wealthy, according to a study by wealth management firm St James Place (SJP) Asia

The study, titled “Accelerating the Wealth Journey – From Stability to Abundance” surveyed 1,000 affluent Singaporeans categorised across five different levels of wealth — namely financial stability, financial security, financial flexibility, financial freedom and financial abundance

Across the five different levels of wealth, the study finds that moving from each wealth level to the next takes progressively longer, with the average length of time to move from financial stability to abundance taking 32.3 years

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Passive Income—The Key To Wealth

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China’s Yuan Slides Past 7.20

🇨🇳 🇨🇳 China’s yuan weakened past the closely watched 7.2-per-dollar level as investor sentiment soured on a lack of aggressive stimulus and Beijing signaled a level of comfort about the declines
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ECB: Get Ready For More Rate Hikes

🇪🇺 🇪🇺 ECB’s Simkus says he wouldn’t be surprised if the Bank hiked rates again in September
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Japan Is Quietly Improving

🇯🇵 🇯🇵 #Japan: Big manufacturers’ sentiment index +8 (vs +6 in May), up 3 months in a row and the second in a row in positive territory
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China: Expect More Rate Cuts

🇨🇳 🇨🇳 Chinese financial media cites analysts expecting further rate and RRR cuts this year
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Alibaba: Ready, Get Set….

🚨 🚨 #Alibaba: Joseph Tsai’s elevation to chairman puts a crypto-friendly face in one of Alibaba’s top spots as the company pursues a wider restructuring to unlock value for shareholders. He is a proponent of #blockchain technology and an investor in it, so his new role brings an endorsement of #crypto to the top of Alibaba’s e-commerce business and could possibly pave the way for #innovations in payments
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Apple Is Now Worth $3 Trillion

🚨 🚨 #Apple nears key $3 trillion market cap. This is the stock market very investor should own on any weakness
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