January 13, 2023
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China’s exports slump less than expected in December

[ad_1] Cargo ships dock at the container terminal in Lianyungang Port, East China's Jiangsu province, Dec 7, 2022.CFOTO | Future Publishing | Getty ImagesBEIJING — China's exports and imports fell less than expected in December,

Saudi Arabia’s new love for soccer could cause ripple effects across the sports world

[ad_1] Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia's Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022.Al Nassr Football Club / Handout/Anadolu Agency

Hong Kong stocks off to best start since 2018 on China recovery hopes

[ad_1] Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesHong Kong stocks kicked off 2023 with the

Memory prices to weigh on profit

[ad_1] Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM and NAND business.Josep Lago | AFP | Getty ImagesSamsung's profit could nosedive when it reports fourth-quarter earnings guidance

While global central banks take on jumbo hikes, Australia took a smaller step

[ad_1] Australia's central bank surprised markets in early October with a smaller-than-expected rate hike, a move the Reserve Bank of Australia acknowledged was a "finely balanced" debate even as it vowed to keep inflation in

After two years of shipping snarls, things are starting to turn around

[ad_1] After two years of port congestions and container shortages, disruptions are now easing as Chinese exports slow in light of waning demand from Western economies and softer global economic conditions, logistics data shows.Container freight

Jamie Dimon says UK government deserves benefit of the doubt after sparking market turmoil

[ad_1] Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. says the new U.K. government should be "given the benefit of the doubt."Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie

Global CEOs expect impending recession to be ‘short and sharp,’ poll shows

[ad_1] In Singapore, nearly 90% of Singapore CEOs have embarked on or are planning a hiring freeze over the next six months, KPMG says.Roslan Rahman | Afp | Getty ImagesGlobal CEOs are anticipating a recession

Credit Suisse is not about to cause a Lehman moment, economist Sri-Kumar says

[ad_1] Worries are mounting over Credit Suisse's financial health — but that doesn't mean markets are headed toward a "Lehman moment," said the president of Sri-Kumar Global Strategies."I think the Federal Reserve is going to

Bolsonaro and Lula headed to runoff after tight Brazil election

[ad_1] Supporters of Luiz Inacio Lula da Silva, Brazil's former president, react as votes are being counted during the first round of presidential elections in Sao Paulo, Brazil, on Sunday, Oct. 2, 2022. Former President