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UN Warns World on Verge of Missing Critical Climate Goals
Baby must need a new pair of shoes. And a newer model Gulfstream. -
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Trump Fires Back at ‘Lowlife’ John Kelly After Damaging Remarks
As a supporter of Trump you simply have no basis and no credibility whatsoever when it comes to criticizing somebody for name calling, your man's been doing it for a decade, there's no limit to the depth that he will stoop when it comes to juvenile bullying and name calling, so back down now. Stop the nonsense. -
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UN Warns World on Verge of Missing Critical Climate Goals
Terrible news. I guess I will just have to live my life the way I do. -
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Some advice/opinions please on moving to Hua Hin
Talking of AQI. Definitely better than Bangkok, or CM, which is horrific when it comes to air for 6 months or so. Also, too over developed for my taste. Hua Hin are has alot going for it. -
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THAILAND LIVE Thailand Live Saturday 26 October 2024
Fireworks Explosion Claims 2 Lives, Injures 7 at Kathin Festival Celebration Tragedy struck a village gathering in Kalasin Province as a fireworks explosion claimed the lives of two individuals and injured seven others while they prepared for a Kathin festival celebration. Full story: https://aseannow.com/topic/1341733-fireworks-explosion-claims-2-lives-injures-7-at-kathin-festival-celebration/ -
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Uncovering the Moscow-Made Deepfake Campaign Targeting U.S. Politics
Hope they can get this guy up on charges! -
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THAILAND LIVE Thailand Live Saturday 26 October 2024
Analysts Predict Baht Decline if Trump Wins US Presidency File photo courtesy: Wikipedia Thailand's baht is expected to depreciate further amid continuing capital outflows leading up to the US presidential election next month. Kasikorn Research Centre (K-Research) forecasts that if Republican candidate Donald Trump secures victory, the baht could potentially trade below 34.50 against the dollar. ull story: https://aseannow.com/topic/1341734-analysts-predict-baht-decline-if-trump-wins-us-presidency/ -
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Analysts Predict Baht Decline if Trump Wins US Presidency
File photo courtesy: Wikipedia Thailand's baht is expected to depreciate further amid continuing capital outflows leading up to the US presidential election next month. Kasikorn Research Centre (K-Research) forecasts that if Republican candidate Donald Trump secures victory, the baht could potentially trade below 34.50 against the dollar. The baht recently fell to 33.84 against the dollar, marking its lowest level in over six weeks. This comes as other regional currencies also weakened, impacted by stronger US dollar performance. Kanjana Chockpisansin, K-Research's head of research for banking and financial sectors, explained that outflows from Thailand's stock and bond markets are occurring, bolstered by the dollar's strength due to rising US bond yields. The US Federal Reserve has indicated a gradual interest rate cut, further supporting the dollar. On Wednesday, US 10-year Treasury yields peaked at 4.26%, the highest since late July, fueled by concerns over bond market pressures linked to a contentious November election. "If Mr. Trump wins, the potential increase in government spending or borrowing could complicate US inflation reduction efforts, impacting the Fed's rate cut path," noted Kanjana. Such dynamics bolster the dollar, affecting Asian currencies like the yuan. Despite these factors, K-Research continues to foresee a 0.25% reduction in US rates at each remaining Fed meeting this year, in line with Kasikorn Bank's stance. Meanwhile, Thailand's Monetary Policy Committee (MPC) is likely to hold domestic policy rates at its December meeting following a recent 25-basis-point reduction. "The MPC decisions are more likely to reflect Thailand’s own economic conditions rather than mirroring Fed actions," Kanjana added. Kavee Chukitkasem from Pi Securities observed ongoing fund withdrawals from the Stock Exchange of Thailand (SET) amid election uncertainties and institutional investors viewing the SET's current price-to-earnings ratio as expensive, reported Bangkok Post. "Election uncertainties are steering investors away from riskier assets toward safer holdings like the dollar and gold. Nonetheless, historically, stocks tend to recover post-election, regardless of the outcome," Kavee concluded. -- 2024-10-26 -
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