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Tag: TOPNWS

November Employment Report Exceeds Expectations but Interest Rate Cut Still Expected

The November Employment Report and Market Expectations for Interest Rate Cuts The latest employment report for November surpassed market expectations, offering a positive outlook for the US economy. Despite the favorable data, it is still anticipated that the Federal Reserve will implement interest rate cuts in the coming year. There is, however, a growing sentiment […]

China’s Domestic Passenger Car Sales Surge 25.5% in November

China’s Passenger Car Sales Surge in November The China Passenger Car Association (CPCA) has reported a significant surge in domestic passenger car sales for the month of November, marking the fourth consecutive month of growth. According to CPCA, sales increased by 25.5% year-on-year, reaching a total of 2.1 million units. This notable increase comes on […]

New Charges Filed Against Hunter Biden for Tax Evasion

Hunter Biden Indicted on New Tax Evasion Charges Los Angeles, Reuters – The US Department of Justice filed new charges against Hunter Biden, the son of President Biden, on December 7. The charges include $1.4 million in tax evasion. According to the indictment filed in the United States District Court for the Central District of […]

Gold Prices Hit All-Time High, But Expected to Pull Back Due to US Interest Rate Uncertainty

Gold Prices Expected to Face Near-Term Adjustment On December 4th, the international price of gold reached an all-time high, prompting speculation about a potential near-term adjustment due to uncertainty surrounding the timing of a US interest rate cut. Analysts, however, suggest that despite this uncertainty, broader geopolitical risks could drive gold to another peak. Recent […]

Italian Prime Minister Meloni Expresses Interest in Strengthening Trade Ties with China

Italian Prime Minister Meloni Discusses Improved Trade and Economic Ties with China On December 7, Italian Prime Minister Meloni (pictured) addressed reporters about the potential for enhancing trade and economic relations with China, despite Italy’s decision to withdraw from the Belt and Road Initiative. Photo taken on March 3 in Belgrade, Serbia (2023 Reuters / […]

Japan’s Current Account Reports Highest Surplus Since 1985

Japan Reports Surplus in Current Account Balance According to the Ministry of Finance’s preliminary balance of payments report released on December 8, Japan’s current account balance for October showed a surplus of 2,582.8 billion yen. This surplus marks the ninth consecutive month of being in the black, exceeding expectations and reaching the largest surplus since […]

Japan’s GDP Shrinks 0.7% in Preliminary Report for July-September Period

The Cabinet Office Releases Revised Second Preliminary Report on GDP TOKYO, December 8, 2023 – By [Author’s Name] The Cabinet Office has published its revised second preliminary report on the Gross Domestic Product (GDP) for the July-September period, revealing a 0.7% decline from the previous quarter. This downward revision marks a change from the 0.5% […]

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