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Moody's downgrades outlook on China credit rating over debt fears
Moody's downgrades outlook on China credit rating over debt fears
Economy
by  AFP

Ratings agency Moody's on Tuesday downgraded the outlook on China's credit rating to "negative" from "stable" on the back of rising debt in the world's second-largest economy, with Beijing saying it was "disappointed" by the move. Beijing's finance ministry said in response it was "disappointed with Moody's decision".

Asian markets drop as traders temper rate cut bets
Asian markets drop as traders temper rate cut bets
Economy
by  AFP

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back. Traders are now awaiting the release later in the week of key US jobs data, with a miss to the downside of expectations likely to ramp up optimism for a rate cut in early 2024.