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19.04.26 - 05:00
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Will AI job fears hurt China′s housing market as they have in the US and India? (SCMP)
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Growing public anxiety over artificial intelligence-driven job loss, especially in technology and other white-collar sectors, has weighed on housing sentiment in the US and India.
Yet data remains insufficient to quantify the direct impact of AI-related job fears on China's sluggish home-buying sentiment, though analysts expect such concerns to make households more cautious about long-term housing purchase decisions.
China's rapid AI adoption to boost automation and productivity had implications......
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17.04.26 - 18:24
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India supplies 40% of US smartphone imports, replaces China: Report (Times of India)
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India is significantly boosting its global electronics trade, now supplying approximately 40% of US smartphone imports previously sourced from China. This shift, alongside growth from ASEAN economies, highlights a broader diversification of import sources driven by domestic priorities and geopolitical realignments. Despite geographical distances, India's smartphone exports to the US have surged, underscoring its expanding role in global manufacturing....
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17.04.26 - 16:42
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From Hormuz to household finance: How global oil shocks can filter into Indian homes (Times of India)
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Global oil markets face turmoil due to the Iran-US conflict and Strait of Hormuz disruptions. India, heavily reliant on oil imports, feels the pinch through rising inflation and borrowing costs. The Reserve Bank of India monitors the situation, opting for stability over aggressive action. Households may experience a gradual tightening of budgets as costs rise and monetary easing is delayed....
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17.04.26 - 05:04
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India′s Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market (ZeroHedge)
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India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
By Julianne Geiger of OilPrice.com
India's central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line.
That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks.
The Reserve Bank of India is now stepping in to manage the demand.
State refiners, including Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation, have been asked to draw dollars through a special credit facility routed via State Bank of India. Together, these companies account for about half of India's 5.2 million barrels per day of refining capacity.
Instead of going into the open market to buy dollars on the spot—meaning immediate purchase at c...
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16.04.26 - 10:30
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Bullish narrative around India′s economy at odds with struggling rupee (SCMP)
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At first glance, the rupee is staging a recovery. India's battered currency has gained around 1.5 per cent since March 27, making it the best-performing currency in Asia, according to Bloomberg data.
However, the recent bounce belies vulnerabilities in India's economy that have been exacerbated by the energy shock emanating from the war in Iran. India is one of the most exposed among Asia's leading economies, importing 90 per cent of its oil and more than half its liquefied petroleum gas.......
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