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Macroeconomics

China urges more aid for people in need as economic woes persist

BEIJING (Reuters) - The Chinese government urged local officials to provide more financial relief or step up one-time allowances to people in need ahead of major holidays over the...

Korean acting president impeached, deepening political crisis; KOSPI falls

-- The political crisis in Korea intensified today as the parliament voted to impeach acting president, Han Duck-soo. This comes only two weeks after President Yoon...

Next Fed cut, Bitcoin, Japanese manufacturing - what's moving markets

-- Wall Street is seen trading slightly lower Monday, starting the final week of the year on a negative note as investors bank profits from the generally positive...

European IPOs surge, doubling proceeds in 2024- report

LONDON - The European initial public offering (IPO) market has experienced a significant rebound in 2024, with proceeds more than doubling compared to the previous year, driven by...

Turkey's fuel, tobacco tax moves will not harm inflation goal, Simsek says

ISTANBUL (Reuters) - Turkey's tax hikes for fuel and tobacco next year will be set in a way that will not endanger the country's 2025 inflation plans, Treasury and Finance...

Shares muted in Asia, high yields test lofty valuations

By Wayne Cole SYDNEY (Reuters) -Asian shares made a muted start to the week on Monday as high Treasury yields challenged rich Wall Street equity valuations while underpinning the...

Dollar reigns with support of higher yields

SINGAPORE (Reuters) -The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in...

China's Dec manufacturing activity seen expanding for third month - Reuters poll

BEIJING (Reuters) - China's factory activity likely expanded for a third straight month in December, offering a glimmer of optimism to officials trying to steady the world's No. 2...

Philippines' Marcos signs into law record $109 billion budget for 2025

MANILA (Reuters) - Philippine President Ferdinand Marcos Jr. signed the 2025 budget into law on Monday, saying a planned 10% increase in government spending to a record 6.33...

Chinese youth flock to civil service, but slow economy puts 'iron rice bowl' jobs at risk

By Laurie Chen BEIJING (Reuters) - A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of lifetime job security and perks...

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