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Asia s Factories Grapple With Rising Costs Amid Israel-Hamas War

Asia s Factories Grapple With Rising Costs Amid Israel-Hamas War
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China s Caixin PMI Drop Adds to Signs of Economic Fragility

(Bloomberg) China’s manufacturing activity unexpectedly shrank in October, according to a private survey, signaling that the economic recovery is losing momentum and pressuring policymakers who are trying to shore up growth. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s B

Asia factories grapple with high costs amid Israel-Hamas war

Many Asian countries reported pressures due to cost inflation, dwindling output and new orders. The data is not an encouraging sign for the global economy.

Asia Factories Grapple With High Costs Amid Israel-Hamas War

(Bloomberg) Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’

China Vows Enduring Local Debt Cleanup at Key Policy Meeting

(Bloomberg) China vowed to set up a long-term mechanism to resolve debt risks tied to local authorities and signaled willingness to expand central government borrowing as it concluded a twice-a-decade policy meeting.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Gam

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