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2024-11-18 08:45:12

China exports soar past forecast as factories front-run Trump tariff threat
Shipments were up 12.7% in October, marking the fastest growth in two years. China’s exports grew at the fastest pace in over two years in October as factories rushed inventory to major markets in anticipation of further tariffs from the US and the European Union, as the threat of a two-front trade war loomed large. Donald Trump’s sweeping victory in the US...

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2024-12-02 11:56:29

Deals in brief: Alibaba’s Trendyol explores USD 1 billion raise, MUFG moves to acquire WealthNavi, ten China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba’s Trendyol tests waters for USD 1 billion funding Trendyol, Turkey’s largest e-commerce platform, is exploring a USD 1 billion funding round as it eyes expansion opportunities, according to Bloomberg. Discussions are said to remain preliminary, with the company gauging potential...

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2024-11-29 12:08:54

Hong Kong to offer crypto tax break for hedge funds, family offices – report
Hong Kong plans to exempt private equity funds, hedge funds and the investment vehicles of the super-rich from paying tax on gains from cryptocurrencies, private credit investments and other assets, as the city strives to become a top offshore finance hub, the Financial Times<reported on Thursday. In a 20-page proposal, which was circulated this week and seen by the Financial Times, the...

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2024-12-15 05:41:13

Mexico cracks down on Chinese gray market as trade policies tighten
A high-profile raid on Mexico-based Yiwu International Trade City highlights the nation’s push to reduce import dependence and bolster local manufacturing. No sooner after the US presidential election concluded, a swift raid unfolded in Mexico City. On November 28, over 200 Mexican law enforcement officers conducted a seven-hour raid on Yiwu International Trade City in Mexico’s...

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2024-11-21 01:28:06

Southeast Asia expands trade as a neutral hub in a divided world
Extra-regional trade is forecasted to grow USD 1.2 trillion in ten years, but deficits with China soar. Southeast Asia is rapidly expanding its global trade by pursuing diplomatic neutrality and engaging with various economies in conflict over political and economic issues. The region’s external trade is projected to rise by USD 1.2 trillion from 2022 to 2032, marking the largest...

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