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Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see ‘low growth’ next year, not recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to experience “low growth” of less than 5%, not a recession, next year. Speaking to CNBC Sri Jegarajah in an interview, he said the central bank …

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Dow falls more than 200 points as rising yields spark recession fears

Stocks fell on Thursday as interest rates jumped, with Federal Reserve officials signaling that interest rate hikes to curb inflation are far from over. The Dow Jones Industrial Average fell 245 points, or 0.7%. The S&P 500 slid 1.2%, while the Nasdaq Composite fell 1.4%. James Bullard, Chairman of the St. Louis Federal Reserve said …

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Where Walmart, Amazon, Target are spending billions in slowing economy

A Walmart worker loads a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro fulfillment center in Salem, Massachusetts on January 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows, the classic consumer business response is to cut spending: slow …

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