In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before. Source: Bloomberg
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Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily
Turkey’s overseas assets rose by 5.1 percent in the first eight months of 2017, the Central Bank said on Oct. 17. The country owned external assets worth $226.5 billion at the end of August, compared to $215.5 billion at the end of last year. Source: Hurriyet Daily News