ASIA: U.S. President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to travel to Europe, Asia, Africa and potentially Latin America in coming weeks to hear from donor countries and borrowers on challenges facing the global institution. Biden last week nominated Banga, to head the […]
ASIA: China is willing to “constructively” participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday. China, the world’s largest bilateral creditor, has criticized multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do […]
ASIA: India’s Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4 percent in October-December 2022-23 primarily due to a 1.1 percent contraction in manufacturing, along with weaker private consumption demand and government expenditure, according to data released by the National Statistical Office (NSO) on Tuesday. Slowing from 6.3 percent in July-September and […]
ASIA: JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, amid growing geopolitical tensions and dimming appetite for Chinese property bonds, Reuters reported. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
Watch the video above or click here for the latest interview with USAWatchdog. Commentary from Greg Hunter: Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year the U.S. is being set up for a “nightmare fall.” Train derailments and political problems are spinning out of control, but the biggest […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 349.16 points or 1.29% to 27,453.48 Shanghai decreased 20.32 points or -0.62% to 3,267.16 Hang Seng decreased 341.31 points or -1.68% to 20,010.04 ASX 200 increased 21.60 points or 0.30% to 7,307.00 Kospi decreased 15.48 points or -0.63% to 2,423.61 […]
The financial markets had become integrated globally prior to World War I. It was the globalization and openness of world financial markets that became the problem and are important to understand for we will face the same problem today. The capital was free to flow from one country to another before World War I. All […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 368.78 points or -1.34% to 27,104.32 Shanghai decreased 3.67 points or -0.11% to 3,287.48 Hang Seng decreased 72.49 points or -0.35% to 20,351.35 ASX 200 decreased 29.10 points or -0.40% to 7,285.40 Kospi increased 21.41 points or 0.80% to 2,439.09 […]
ASIA: South Korea’s producer price inflation slowed for a seventh straight month to its lowest in 22 months, central bank data showed on Thursday. The producer price index rose 5.1% in January from a year earlier, while it had climbed 5.8% in December, according to the Bank of Korea. It was the slowest annual […]
ASIA: BlackRock Investment Institute raised U.S. short-term government bonds as well as Chinese and other emerging market stocks to “overweight” on Tuesday, saying investors were realizing that the U.S. Federal Reserve may have to become more aggressive in its campaign to subdue inflation. BlackRock also said it was going “overweight” on Chinese and other […]
