Fed Not Confident It Has Done Enough

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🇺🇸 🇺🇸 Fed Not Confident It Has Done Enough: Powell says Fed is ‘not confident’ it has done enough to bring inflation down. He stressed the Fed nevertheless can be cautious as the risks between doing too much and too little have come into *closer balance
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Forget Shein Temu Has Arrived

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🇨🇳 🇨🇳 BREAKING: Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
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Event Alert: Watch China’s Tech Earnings

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🇨🇳 🇨🇳 Event Alert: Earnings for China’s tech giants will shed light on how the country’s consumers fared last quarter in a fragile economy, supplemented by a more immediate indicator as the Singles’ Day shopping extravaganza kicks off this weekend. China slid back into deflation in October — consumer prices fell 0.2% after hovering near zero for two months

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Apple’s Airpods: Watch Luxshare

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🇻🇳 🇻🇳 Apple supplier Luxshare Precision Industry is more than doubling its investment in Vietnam’s northern Bac Giang province to a half-billion dollars as the AirPods maker and other gadget manufacturers further diversify manufacturing away from China. AirPods orders are dominated by Luxshare and GoerTek which also has operations in north Vietnam
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This Is Why Japan Prefers A Weak Yen

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🇯🇵 🇯🇵 This Is Why Japan Prefers A Weak Yen: Japan’s current-account surplus hit a record high in the first half of this fiscal year. Japan’s current-account surplus reached a record of ¥12.7 trillion ($84.2 billion) for the six months through September, driven by a drop in imports. The surplus also rose from a year earlier to ¥2.72 trillion in September, the highest level in 18 months
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Adani Is Back On Track

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🇮🇳 🇮🇳 India: Adani Enterprises, the flagship of billionaire Gautam Adani, will spend around $1.5 billion on its fledgling data center business in the next three years. The company is planning to build nine data centers and targeting a total capacity of *1 gigawatt by 2030
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Japan’s Automakers Shine

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🇯🇵 🇯🇵 Toyota, Honda and Nissan have all raised their operating profit forecasts for the current fiscal year on the back of strong sales. Profits at Toyota and Nissan have more than doubled in April through September from a year earlier, while Honda posted 54% in gains in the first half
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China May Produce Lithium In Mexico

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🇨🇳 🇲🇽 China’s Ganfeng Lithium is open to forming a partnership with the Mexican government on a project that would turn the Latin American nation into a commercial producer of the battery metal and resolve a dispute over the asset. Ganfeng is the world’s third-largest producer of lithium

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Arabs Are On A Shopping Spree

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🇦🇪 🇦🇪 The Arabs Are On A Shopping Spree: DP World is in talks to acquire Cargo Services Far East Ltd. from Hong Kong tycoon John Lau as the Dubai port operator seeks to expand in Asia

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