Investors Still Bearish On Asian FX

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🚨 🚨 Investors still bearish on most Asian currencies, latest Reuters poll shows
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Asian Stocks Facing Resistance

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🚨 🚨 Update: Asian shares halted a three-day rally, while the dollar strengthened amid concern this week’s gains on the weak US inflation print are overdone
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Citi Begins Layoffs

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🚨 🚨 Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily through early next week
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Siemens Beats But Sees Slowdown In 2024

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🇩🇪 🇩🇪 Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024
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Germany: Pandora’s Box Has Been Opened

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🇩🇪 🇩🇪 A decision by Germany’s top court to strike down off-budget funding for climate action has called into question about €770 billion ($840 billion) of state funding
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Magnificent 7: Hedge Funds Increase Stake To 99%

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🚨 🚨 Hedge Funds net exposure to the Magnificent 7 has surged from a low of 12% at the start of the year to 99% currently
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Pentagon Ramps Up Israel Aid

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🇮🇱 🇮🇱 The Pentagon has quietly ramped up military aid to Israel, delivering on requests that include more laser-guided missiles for its Apache gunship fleet, as well as 155mm shells, night-vision devices, bunker-buster munitions and new army vehicles, according to an internal Defense Department list
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Sanofi Working On Spin Off

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🚨 🚨 Sanofi is working with an adviser to start preparations for a planned separation of its consumer health division
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Xi Opens Up

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🇨🇳 🇨🇳 Chinese President Xi: Ready To Be A Partner And Friend Of US; Wrong To View China As A Threat And Play Zero Sum Game Against China; No Intentions To Challenge US
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OCBC Buys CBA’s Indonesian Business

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🇸🇬 🇸🇬 OCBC Indonesia to buy over Commonwealth Bank’s stake in Indonesian subsidiary for A$220 million
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