Money Digest

South Korea raises growth outlook

outh Korea’s central bank raised its growth forecast for this year on Thursday, despite tensions over Pyongyang’s increasing missile and nuclear threats.

Post Report, Oct 20 2017

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China growth eases in Q3

China’s growth eased to 6.8 percent in the third quarter but remained higher than the government’s full-year target, providing a boon to President Xi Jinping amid a major Communist Party congress.

Post Report, Oct 20 2017

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Blue Apron cuts about 320 jobs

Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company.

Oct 20 2017

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Air route opens between Hong Kong, Zhangjiajie

A new regular air route opened on Wednesday between Zhangjiajie, an acclaimed tourist destination in central China’s Hunan Province, and Hong Kong.

Post Report, Oct 20 2017

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Q3 forecast for SAP raised as cloud rolls in

German software group SAP raised its forecasts on Thursday as it hailed a third quarter marked by continued strong growth in its cloud computing business.

Post Report, Oct 20 2017

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Airbnb rentals boom across Africa

Rent-a-room giant Airbnb said on Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year — double the previous year as tourism expands across the continent.

Post Report, Oct 19 2017

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SKorea’s money supply growth hits 4-year low

Money supply in South Korea grew at the lowest pace in four years amid rising expectation for interest rate hike in the foreseeable future, central bank data showed on Wednesday.

Post Report, Oct 19 2017

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China reports robust toy trade growth

China reported robust growth in both imports and exports of toys in first eight months this year, which consolidated the country’s status as a major toy manufacturer and consumer.

Post Report, Oct 19 2017

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AkzoNobel profit falls 24 percent in tough market

Dutch paints and chemicals company AkzoNobel says its net profit fell by 24 percent in the third quarter to 216 million euros ($254 million) as higher raw material costs and unfavorable exchange rates canceled out a slight rise in revenue.

Oct 19 2017

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IBM’s shift to newer businesses boosts sales

International Business Machines Corp’s shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines.

Oct 19 2017

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British retailer J Sainsbury looks to cut 2,000 jobs

British retailer J Sainsbury has launched a consultation over cutting 2,000 jobs, amid an ongoing cost-cutting plan over the next three years, the group announced on Tuesday.

Post Report, Oct 19 2017

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Central bank injects $15 billion into market

China’s central bank on Tuesday pumped money into the interbank market via reverse repos to ensure stable liquidity.

Xinhua, Oct 18 2017

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Macao Q3 tourist price index up by 2.17 percent

The Tourist Price Index (TPI) of China’s Macao Special Administrative Region (SAR) for the third quarter of 2017 increased by 2.17 percent year-on-year to 129.61, attributable to higher prices of local food,

Xinhua, Oct 18 2017

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Super hybrid rice output sets new world record

China has set a new world record in super hybrid rice output, north China’s Hebei provincial government said Tuesday.

Xinhua, Oct 18 2017

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South African stocks surge to record high

The Johannesburg Stock Exchange (JSE) surged above 58,000 points on Monday for the first time, buoyed by resources shares and global outlook.

Xinhua, Oct 18 2017

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