“It’s become quite emotive,” one market watcher told CNBC. “Nobody wants to invest in an environment where the government might change its mind overnight.”
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As the TACO trade goes viral, another is gaining traction: ‘Anywhere But The USA’
World
Gold hits new all-time high as U.S. government shutdown dents risk appetite
Gold prices rose to record highs as a U.S. government shutdown began on Wednesday. Chris Mcgrath | Getty Images News | Getty Images Gold prices soared to new highs on Wednesday, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding. While the […]
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CNBC’s The China Connection newsletter: China’s K-visa plans spark worries of a talent flood
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Immigration anxieties and a challenging job market have sparked an online backlash over China’s latest attempt at attracting global talent — a new visa program […]
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India holds rates steady at 5.5% in line with forecast as central bank assesses earlier cuts
India’s central bank kept its policy rate unchanged at 5.5% Wednesday, in line with the expectations of economists polled by Reuters, as it assessed the impact of earlier cuts. Inflation moderated significantly in the first quarter, but growth could decelerate in the second half of the financial year due to global trade uncertainties, said Sanjay […]
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