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Nov 3, 2023 | 
hongkongnewsnetwork.com | WTI Crude |WCS Crude |Alan Wong
(Bloomberg) -- A Hong Kong court sentenced a student to prison because of pro-independence social media posts she made while studying abroad, local media reported. West Kowloon Court on Friday handed a two-month prison term to the 23-year-old student over online comments calling for the city’s separation from China, Ming Pao reported. She pleaded guilty to sedition last month following her arrest in March after she returned to the city, according to the South China Morning Post.
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Nov 2, 2023 | 
thecanadafinancejournal.com | Jon Erlichman |WTI Crude |WCS Crude
Risks related to looming mortgage renewals mean the Bank of Canada is done hiking interest rates, according to a prominent strategist who predicts rate cuts to come halfway through next year. “The bank is done raising rates,” Royce Mendes, head of macro strategy at Desjardins, told me in a television interview Thursday. “In Canada, we have to expect that the next move is going to be a cut."Mendes sees that happening as soon as the second quarter of next year.
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Nov 2, 2023 | 
hongkongbusinessreporter.com | WTI Crude |WCS Crude |Lorretta Chen
(Bloomberg) -- SMBC Nikko Securities Inc.’s head of capital markets APAC ex-Japan and four of the firm’s other bankers have left its Hong Kong office Wednesday, according to people familiar with the matter. Leo Tong, who ran the Japanese securities firm’s Asian fixed income business outside of Japan, was hired from CLSA Ltd. in 2020, as SMBC sought to expand his unit’s business overseas.
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Nov 1, 2023 | 
singaporebusinesschannel.com | WTI Crude |WCS Crude |Low De Wei
(Bloomberg) -- Singapore’s longest-serving central bank chief ruled out entering politics after he steps down at the end of this year, departing from the route taken by some of his predecessors. “There are other good things you can do without becoming finance minister, although our finance minister does a very good job,” Monetary Authority of Singapore Managing Director Ravi Menon said in an interview with Bloomberg News on Oct. 27.
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Nov 1, 2023 | 
fintechreporteruk.com | WTI Crude |WCS Crude |Tom Rees
(Bloomberg) -- Investors in UK assets are beginning to bet on a de facto increase in level of inflation the Bank of England will tolerate beyond the official 2% target, two major banks warned. BNY Mellon Investment Management and Bank of America said in separate notes to clients inflation expectations indicated in markets suggest investors think the BOE will let inflation remain above the target for some time, potentially damaging the credibility of the central bank and its goal.
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Oct 31, 2023 | 
mexicobusinesstoday.com | WTI Crude |WCS Crude |Maya Averbuch
(Bloomberg) -- Mexico’s economy accelerated more than forecast in the third quarter, buoyed by flourishing trade with the US and solid spending by Mexican consumers. Gross domestic product rose 0.9% in the third quarter from the previous three months, compared with the 0.8% median estimate of analysts surveyed by Bloomberg, according to preliminary data released by Mexico’s national statistics institute Tuesday.
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Oct 31, 2023 | 
hongkongnewsnetwork.com | WTI Crude |WCS Crude |Krystal Chia
(Bloomberg) -- The number of negative-equity mortgages in Hong Kong more than tripled in September, a sign of continued weakness in the city’s property market. The estimated number of residential mortgage loans that are in negative equity increased to more than 11,100 cases as of the end of September, from 3,341 cases in June, according to statistics from the Hong Kong Monetary Authority on Tuesday. The values of such loans also tripled to HK$59.3 billion ($7.6 million) in the same period.
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Oct 31, 2023 | 
hongkongnewsnetwork.com | WTI Crude |WCS Crude |Tania Chen
(Bloomberg) -- Hong Kong’s finance minister will attend a major economic summit in the US in place of the city’s leader John Lee. Hong Kong received the invite for the Asia-Pacific Economic Cooperation meeting in San Francisco next month and has already responded that Lee will not be present due to “scheduling issues,” according to a government statement Tuesday. Financial Secretary Paul Chan will go instead, it said.
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Oct 31, 2023 | 
scitechworldcanada.com | WTI Crude |WCS Crude |Randy Thanthong Knight
(Bloomberg) -- The Canadian economy appears to have entered a technical recession, with a minor contraction estimated in the third quarter, reinforcing the case for an end to interest-rate hikes. Preliminary data suggest gross domestic product was unchanged in September, Statistics Canada reported Tuesday. The numbers point to a decline in output of 0.1% annualized for the third quarter, following a 0.2% contraction from April to June.
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Oct 31, 2023 | 
hongkongbusinessreporter.com | WTI Crude |WCS Crude |Alan Wong
(Bloomberg) -- Hong Kong’s economy grew less than expected in the third quarter of this year, suggesting the Asian financial hub’s post-pandemic boost may be fading. Gross domestic product rose 4.1% in July to September from a year earlier, according to advance estimates released by the government on Tuesday. That’s worse than the 5.2% estimated by economists, albeit faster than the second quarter’s 1.5% pickup.
