Paper Documents Still Rule

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🚨 🚨 The International Chamber of Commerce estimates that at least 1% of transactions in the global trade financing market, or around $50 billion per year, are fraudulent. Banks, traders and other parties have lost at least $9 billion through falsified documents in the commodities industry alone over the past decade

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IMF Raises US Growth Forecast

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🇺🇸 🇺🇸 IMF hikes U.S. growth forecast for 2023, leaves global outlook unchanged

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Cricket World Cup

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🏏 🏏 Global companies are spending millions of dollars to get their names seen during the Cricket World Cup in India, with the sporting event representing an opportune moment for brands to tap into the cricket-crazy nation of 1.4 billion people

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Pepsi Raises Earnings Outlook

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🚨 🚨 BREAKING: PepsiCo beats Wall Street estimates, raises earnings outlook

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IMF Warns Of Stubborn Inflation

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🚨 🚨 The IMF lifted its global inflation forecast for next year and called for central banks to keep policy tight until there’s a durable easing in price pressures. In most countries, the IMF foresees inflation remaining above central bank targets until 2025

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China Mulls New Stimulus

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🇨🇳 🇨🇳 China is considering raising its budget deficit for 2023 as the government prepares to unleash a new round of stimulus

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Mercedes Sales Slump

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🇩🇪 🇩🇪 Mercedes-Benz Group AG (MBG)’s sales of ultra-luxury vehicles such as the S-Class slumped in the third quarter, a blow to the automaker’s strategy of focusing on sales of its most luxurious cars

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Bond Yields Plunge

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🚨 🚨 BREAKING: Treasuries are having their best day since March, with 10-year yields down as much as 18 bps after dovish comments from Fed officials and as conflict in the Middle East fueled a flight to safety. Traders are betting the Fed’s most aggressive tightening cycle since the 1980s may be over

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Google To Explore New Markets

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🚨 🚨 Google’s Asia-Pacific president says the U.S. tech giant plans to explore new markets in the region with a focus on generative artificial intelligence technology

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Market Has Turned Bullish On Bonds

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🚨 🚨 The market has turned bullish on Treasury Bonds

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