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China’s Copper Market Needs More Stimulus, Says Top Importer

(Bloomberg) -- China needs to deploy more economic stimulus if copper demand is to revive, according to a major importer of the metal.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyNo Water by Year-End for This Zimbabwean City of 700,000 PeopleArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe government has issued a slew of measures since late

Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms

Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party's power in Thursday's parliamentary election to help him implement his election pledges to solve the country's economic woes and foster good governance. The Marxist-leaning Dissanayake won the presidential election on Sept. 21 in a victory that marked a rejection of the traditional political parties that have governed the island nation since its independence from British rule in 1948.

China Begins to Market Its First Dollar Bonds in Three Years

(Bloomberg) -- China started marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictIt’s offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 ba

Oil Steadies Near November Lows With Outlook for Demand in Focus

(Bloomberg) -- Oil steadied near its lowest level this month, with the outlook for demand in focus after OPEC cut projections on China’s slowdown.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictBrent crude traded near $72 a barrel after ending little changed on Tuesday, with West Texas Intermediate a

Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. Argentina's statistics agency on Tuesday reported October's number. In September, inflation was 3.5%.

Asian Stocks Drop to Two-Month Low Before US CPI: Markets Wrap

(Bloomberg) -- Asian stocks fell to the lowest level in almost two months before US inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictEquity benchmarks fell in Hong Kong, Tokyo and Sydney, with the regiona

Dollar holds firm ahead of US inflation, bitcoin targets fresh highs

The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. The Trump trade has pushed up U.S. Treasury yields as markets wager the Federal Reserve may temper the extent of its future rate cuts [US/].

Bitcoin Rally Cools After More Than 30% Jump Since Trump Victory

(Bloomberg) -- A surge in Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record