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China retail sales pick up speed, beat forecasts in October
China retail sales pick up speed, beat forecasts in October
Economy
by  AFP

China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.

Asian markets fluctuate at end of tough week
Asian markets fluctuate at end of tough week
Economy
by  AFP

Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for interest rate cuts, while traders also contemplated a hawkish Trump presidency. However, while the bank is expected to cut rates again next month, Powell warned that the path "is not preset", adding that "the economy is not sending any signals that we need to be in a hurry to lower rates".