Xiaomi’s New SUV

🚘 🚘 China’s biggest smartphone maker Xiaomi has unveiled their first ever car, an EV called the Xiaomi SU7
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JPY Hits 5-Month Highs

🇯🇵 🇯🇵 USD/JPY hits five-month lows in closing stages for the year
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Still Trust Big Banks?

🇸🇬 🇸🇬 Singapore imposes civil penalty of S$3.9m on Credit Suisse for managers’ misconduct
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China’s Property Slump To Persist

🇨🇳 🇨🇳 Goldman, Morgan Stanley expect China’s housing slump to persist. The outlook signals the downturn in the property market is far from over
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✨✨ Start 2024 On The Right Note. Global Stocks And Bonds Are Going To Stage A Major Rally As Central Banks Start Cutting Interest Rates
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Bond Rally Widens

🌏 🌏 Bond Rally Spreads To Asia: Australian and New Zealand bonds advanced, wiping more than five basis points from the two countries’ 10-year yields. The gains followed upward moves in Treasuries that pushed the yield on five- to 30-year maturities at least 10 basis points lower. The 10-year yield fell to 3.79%, a level not seen since July. The mood was also felt in Germany, where yields of the same maturity struck a fresh 2023 low
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New York Times Sues Microsoft

🚨 🚨 New York Times sues Microsoft, ChatGPT maker OpenAI over copyright infringement
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BofA: China Is Still Unloved

🇨🇳 🇨🇳 The Bank of America released its latest Asia fund manager survey, revealing the most and least favored markets in the region for 2024 — and named one sector “at the helm”
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