“The market has been trying to anticipate when the Fed is going to hike, how fast and how far.”
MSCI’s world equity index was heading for its largest annual drop since the global financial crisis of 2008, when it slid more than 40 percent. China’s health system has been under stress due to soaring cases since the country started dismantling its “zero-COVID” policy at the start of the month, with several countries imposing or considering imposing curbs on travelers from China.The dollar has gained more than 8 percent over the year, but it lost more than 7 percent this quarter on expectations the Fed may not raise rates as high as previously feared.
“Averting a downturn is a tall order,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank, noting that the odds are stacked against economies emerging unscathed from global policy tightening.
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Sari-Sari stores dominate new business-name registrations in 2022 - BusinessWorld OnlineTHE DEPARTMENT of Trade and Industry (DTI) said Wednesday that it registered 827,491 new business names this year, accounting for 88.8% of new registrations. “The business activity of most of the BN (business name) registrations, based on the Philippine Standard Industrial Classification, is retail selling in sari-sari stores with 180,406 processed applications,” the DTI said […]
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