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UK claims post-Brexit win by sealing trans-Pacific trade pact membership
UK claims post-Brexit win by sealing trans-Pacific trade pact membership
by  AFP

The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country's biggest post-Brexit trade deal following nearly two years of talks. "We are at our heart an open and free-trading nation, and this deal demonstrates the real economic benefits of our post-Brexit freedoms," Sunak said in a statement announcing the deal.

China's JD to spin-off two units, list in Hong Kong
China's JD to spin-off two units, list in Hong Kong
by  AFP

E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganisation of a major Chinese tech firm. The company said in filings with the Hong Kong stock exchange Thursday that its property and industrial arms will be spun-off and taken public, though the parent company will retain a controlling stake in both.

Markets build on gains as bank, rate concerns ease
Markets build on gains as bank, rate concerns ease
by  AFP

Most Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle. Investors are now awaiting the release of US and eurozone inflation data later in the day, which should provide a better insight into how much impact rate hikes are having in taming prices.

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