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After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply — a vote of confidence that has helped the dollar rebound from its worst slump in years.   Analysts stress that hedging levels remain above historical norms, but activity has clearly retreated from the peak reached immediately after “Liberation Day” on April 2, when President Donald Trump announced sweeping trade tariffs.   At that time, foreign investors holding U.S. assets faced a double blow: falling…

My top 10 things to watch Friday, Nov. 21 1. The S & P 500 is headed for a higher open this morning after New York Federal Reserve President John Williams suggested that the central bank could lower interest rates again next month. Expectations for a 25-basis-point rate cut at the December meeting jumped to 70% right after his comments, a huge increase from the roughly 39% odds Thursday, according to the CME FedWatch tool . The stock market is coming off a brutal reversal during yesterday’s session. The S & P 500 is still on track for a big…

After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply — a vote of confidence that has helped the dollar rebound from its worst slump in years.   Analysts stress that hedging levels remain above historical norms, but activity has clearly retreated from the peak reached immediately after “Liberation Day” on April 2, when President Donald Trump announced sweeping trade tariffs.   At that time, foreign investors holding U.S. assets faced a double blow: falling…

Innovent Biologics will join the Hang Seng Index next month in the latest quarterly review as the compiler of the city’s stock benchmark presses ahead with its plan to increase the number of constituents to 100.The biotech firm, based in eastern Jiangsu province, has become the only new constituent of the blue-chip indicator, one month after it signed an US$11.4 billion outsourcing deal with Japan’s Takeda Pharmaceuticals to co-develop and commercialise three specific investigational cancer medicines from its pipeline.The stock would be added after the market closed on December 5, increasing the tally of index members to 89, the Hang…

Innovent Biologics will join the Hang Seng Index next month in the latest quarterly review as the compiler of the city’s stock benchmark presses ahead with its plan to increase the number of constituents to 100.The biotech firm, based in eastern Jiangsu province, has become the only new constituent of the blue-chip indicator, one month after it signed an US$11.4 billion outsourcing deal with Japan’s Takeda Pharmaceuticals to co-develop and commercialise three specific investigational cancer medicines from its pipeline.The stock would be added after the market closed on December 5, increasing the tally of index members to 89, the Hang…

China’s aerospace manufacturers have become a growing presence at overseas air shows as the country seeks to expand its arms sales abroad, bolstered by technological advances in the defence and aviation industries.More than 1,500 companies took part in this year’s Dubai Airshow, the largest air show in the Middle East, including around 80 Chinese companies, such as China National Aero-Technology Import & Export Corporation (Catic).Catic is the international arms sales subsidiary and the global representative of the Aviation Industry Corporation of China (AVIC), a major Chinese military aircraft manufacturer.At the Dubai Airshow, Catic displayed miniature and life-size models of Chinese…

Across Southeast Asia, millions of young people are launching start-ups and driving rapid digitalisation, with new unicorns emerging in a sign that the region is becoming a global force in entrepreneurship, according to former Indonesian president Joko Widodo.Speaking at the closing of the Bloomberg New Economy Forum on Friday, Widodo said the next unicorn – meaning a privately held start-up valued at more than US$1 billion – might emerge not from Silicon Valley or Shenzhen but from Jakarta, Singapore, Bangkok, Kuala Lumpur, Manila or Hanoi.“Southeast Asia is no longer just a market, it is becoming a global force,” he said.He…

Kingbhai Digisol (Private) Limited, an investee of First National Equities Limited (FNEL), has secured an agreement worth approximately Rs3 billion with Prime Construction Company, one of the country’s leading infrastructure development firms. FNEL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “We hereby inform you that Kingbhai Digisol (Private) Limited, an investee of the company, has successfully secured its largest-ever single order amounting to approximately Rs3 billion through an agreement signed with Prime Construction Company, one of Pakistan’s leading infrastructure development firms engaged in national-level projects including construction of roads, highways, bridges, and dams,”…

Japanese Prime Minister Sanae Takaichi said on Friday the country had been “consistent” over Taiwan but insisted she wanted better relations with Beijing.But when asked if she would do so, she did not answer directly but said Tokyo would “make a comprehensive judgment based on all available information regarding a situation threatening Japan’s existence”.Speaking to reporters before she left for the Group of 20 summit in South Africa, she added: “I myself have repeatedly stated this position in my responses. The government’s stance remains consistent.”Takaichi added that she still hoped for better relations with China. She said that when she…

Gold prices fell in European trading on Friday, extending losses for a second consecutive session and nearing a weekly decline, pressured by the strong performance of the US dollar in the foreign-exchange market amid fading expectations for a Federal Reserve rate cut in December.   Minutes from the Fed’s latest policy meeting reduced the likelihood of continued monetary easing, and investors are now awaiting key US sector data later today to reassess those expectations.   Price overview   •Gold today: spot gold fell 1.2% to 4,029.36 dollars, down from the opening level of 4,077.27 dollars, after hitting an intraday high…