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  Bloomberg

  The Bond Market Rally Is Overlooking a Soaring $2 Trillion Debt Problem

  (Bloomberg) -- Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away.Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC’s X Account Hacked to Falsely Say Bitcoin ETF ApprovedBoeing CEO Fights Back Tears and Admits ‘O

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  Reuters

  Argentina monthly inflation seen at highest since 1990 in December

  Argentina's monthly inflation rate likely soared to 28% in December, which would be the highest since early 1990, driven by a sharp devaluation of the peso currency last month by the new government of libertarian President Javier Milei. Milei, a political outsider who took office in mid-December on the back of voter anger at the political elite, directed an over 50% devaluation of the embattled, artificially strong peso currency that remains held in check by capital controls. That unleashed a wave of pent-up inflation, with food, apparel and transport costs adjusting sharply in the wake of the devaluation, which was aimed at narrowing a huge gap between the official exchange rate and widely used parallel rates.

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  Associated Press Finance

  Japan resumes landfill work at new US military site on Okinawa despite local opposition

  Japanese construction workers on Wednesday resumed landfill work at the new site of the U.S. military base on Okinawa despite protests by the island's residents that the move tramples on their rights and raises environmental concerns. The planned relocation site for the base, on Okinawa's eastern coast, has been at the center of a dispute between the government in Tokyo and the local authorities at a time of the island's growing strategic importance. Okinawa is becoming key for the Japan-U.S. military alliance in the face of growing tensions with China while Japan also rapidly seeks to build up its military in the southwestern region.

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  The Wall Street Journal

  Hamas Took More Than 200 Hostages From Israel. Here’s What We Know.

  The Palestinian militants who raided Israel in the Hamas attacks on Oct. 7 abducted over 240 civilians and soldiers and brought them back to the Gaza Strip. Israel responded with a military campaign it said was aimed at destroying Hamas and recovering the hostages. Hamas released dozens of the hostages under a weeklong series of temporary cease-fire agreements that ended on Dec. 1.

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  Bloomberg

  Singapore Asks China For Information on Frozen Remittances

  (Bloomberg) -- Singapore is seeking clarity from China on how remitters can unlock their money after a fund-freeze scare in the world’s second-biggest economy, the island nation’s Minister of State said. Most Read from BloombergSEC’s X Account Hacked to Falsely Say Bitcoin ETF ApprovedAmazon’s Twitch to Cut 500 Employees, About 35% of StaffBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressBottled Water Contains More Plastic Particles Than Previously ThoughtRelevant agencies hav

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  Bloomberg

  Biden Mulls Tougher Climate Test for New LNG Projects

  (Bloomberg) -- The Biden administration is reevaluating the climate criteria it uses to approve new liquefied natural gas export facilities, threatening to stall pending projects as the 2024 election nears.Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC’s X Account Hacked to Falsely Say Bitcoin ETF ApprovedBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressThe Bond Market Rally Is Overlooking a Soaring $2 Trillion Debt ProblemA panel of govern

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  Bloomberg

  Canada Can’t Afford to Block Temporary Residents, Desjardins Says

  (Bloomberg) -- Curbing the number of temporary workers and international students allowed into Canada would deepen an expected recession and blunt the country’s subsequent recovery, according to Desjardins Securities Inc.Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC’s X Account Hacked to Falsely Say Bitcoin ETF ApprovedBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressThe Bond Market Rally Is Overlooking a Soaring $2 Trillion Debt ProblemRe

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  Reuters

  Analysis-China's policy dilemma: is boosting credit deflationary?

  China's central bank faces a major hurdle in quelling the threat of deflation: more credit is flowing to productive forces than into consumption, exposing structural flaws in the economy and reducing the effectiveness of its monetary policy tools. The People's Bank of China (PBOC) is under pressure to cut interest rates as falling prices raise real borrowing costs for private businesses and households, curbing investment, hiring and consumer spending.

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  Associated Press Finance

  Hundreds of UK postal workers wrongly accused of fraud will have their convictions overturned

  Britain's Prime Minister Rishi Sunak said Wednesday he will introduce measures to overturn the convictions of more than 900 post office branch managers who were wrongly accused of theft or fraud because of a faulty computer system. Sunak said the scandal, which saw hundreds of postmasters falsely convicted of stealing money because Post Office computers wrongly showed that funds were missing from their shops, was “one of the greatest miscarriages of justice in our nation’s history." Of the more than 900 postal branch managers who were convicted of theft or fraud between 1999 and 2015, just 95 have managed to overturn their convictions, Post Office minister Kevin Hollinrake said.