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October 18, 2019
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Asia Pacific shares mixed in early trade; China’s GDP data ahead

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Asia Pacific markets were mixed in early trade Friday morning, as investors await the release of China’s third-quarter growth data with slowing growth continuing to be a concern amid the ongoing trade war with the U.S. Source link: Click here for more
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Trump advisor Peter Navarro reportedly invented and quoted a fictional character in his books

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Tessa Morris-Suzuki, a professor at the Australian National University, discovered that a character named Ron Vara in Navarro’s books is fictional, reported The Chronicle of Higher Education newspaper. Source link: Click here for more
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Hong Kong shares rise, led by property developers

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The Hang Seng Index jumped 0.65%, with shares of property developers rising after the city’s leader Carrie Lam announced on Wednesday measures to ease a housing shortage and calm anti-government protests. Source link: Click here for more
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‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says

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“Even if we don’t have a recession … I think it’s pretty clear that we’re going to have a much weaker economy,” says Mark Zandi. Source link: Click here for more
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US charges Turkish bank, linked to Giuliani client, over Iran sanctions evasion scheme

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Federal prosecutors in New York announced charges on Tuesday against a Turkish bank with ties to a gold trader connected to Rudy Giuliani, accusing the financial institution of a multi-billion dollar scheme to evade U.S. sanctions on Iran. Source link: Click here for more
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Trump halts trade negotiations with Turkey, raises its steel tariffs to 50%

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The retaliatory measures followed Trump’s controversial move to order the withdrawal of all U.S. troops from Syria’s northern border. Source link: Click here for more
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Amid trade war, China moves to remove limits on foreign ownership in the financial industry

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Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities. Source link: Click here for more
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China’s exports fell 0.7% in September in yuan terms; imports down 6.2%

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China’s yuan-denominated exports fell 0.7% in September from a year ago, while imports dropped 6.2% during the same period, Reuters reported on Monday, citing the Chinese customs. Source link: Click here for more
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Singapore’s economy dodges technical recession after growing 0.6% in the third quarter

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A technical recession occurs when there are two consecutive quarters of economic contraction. Source link: Click here for more

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