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Markets swing after Wall St losses as traders weigh US rates outlook
Markets swing after Wall St losses as traders weigh US rates outlook
Economy
by  AFP

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation. After Trump's victory at the start of the month, markets had already been winding back their expectations for the number of rate cuts the Fed would announce next year.

G20 leaders to grapple with climate, taxes, Trump comeback
G20 leaders to grapple with climate, taxes, Trump comeback
Economy
by  AFP

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could yet be upended by Donald Trump's impending return to the White House. - Taxing billionaires - The summit will open on Monday with Lula, a former steelworker who grew up in poverty, launching a "Global Alliance against Hunger and Poverty."

Disgraced Singapore oil tycoon to be sentenced for fraud
Disgraced Singapore oil tycoon to be sentenced for fraud
Economy
by  AFP

The founder of a failed Singapore oil trading company will be sentenced Monday for cheating banking giant HSBC out of millions of dollars in one of the country's most serious cases of fraud. Prosecutors said he tricked HSBC into disbursing nearly $112 million by telling the bank that his firm had entered into oil sales contracts with two companies.