Shorts – Summaries

The Day Today 6th December 2021

China Evergrande braces for payment deadline after doubting availability of funds. Alibaba overhauls e-commerce businesses, names new CFO. Thailand detects first case of Omicron variant. Omicron variant found in nearly one-third of U.S. states. Norwegian Cruise ship detects one probable case of Omicron variant. Japan PM seeks to boost workers’ wages, defence capability. TikTok-owner ByteDance…

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The Economist: Finance and economics articles summarised

China’s slowdown China has a “zero tolerance” policy towards the virus. Their lockdowns have been severe, see chart 1. Since the end of May, China has had 7,728 virus infections while America has had 15.2m. As well as stopping the virus, lockdowns have also depressed consumption. If Omicron is a more infectious strain, China may…

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The Week That Will Be (5th December 2021)

1. Inflation If a lower than expected US inflation print on Friday follows the disappointing payrolls number, will the Chair of the San Fran Fed, Mary Daly, change her tune? After all, she said this inflation number was one of two key data points she was watching before making up her mind at the December FOMC meeting….

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The Day Today 3rd December 2021

Fed Mester: “If it turns out to be a bad variant it could exacerbate the upward price pressures we’ve seen from the supply-chain problems… The fear of the virus is still one of the factors holding people back from re-entering the labour force”. Biden tightens travel rules, all international travellers have to be tested 24 hours before they…

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The Day Today 3rd December 2021

Fed Mester: “If it turns out to be a bad variant it could exacerbate the upward price pressures we’ve seen from the supply-chain problems… The fear of the virus is still one of the factors holding people back from re-entering the labour force”. Biden tightens travel rules, all international travellers have to be tested 24 hours before they…

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