Asian manufacturing output: Factories cranked up activity in September as a synchronized upswing in growth globally pointed to solid consumption of manufactured goods heading into the lucrative end-of-year shopping season, Shri Navaratnam writes. However, pockets of weakness in regional economies are likely to keep Asian central banks slanted towards more accommodative monetary policy, even as their Western counterparts move to scale back stimulus. China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms and energize its lackluster private sector. READ THE STORY HERE
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