ASIA: India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for the current year ending on March 31, as a global slowdown is likely to hurt exports. The economic growth forecast for 2023/24 is higher than the International Monetary Fund’s projection of 6.1%, as the […]
ASIA: Chinese provinces spent more than £42.8bn on tackling Covid-19 in 2022, according to data released by local governments, with the figure expected to rise as the huge cost of the pandemic hits the world’s second-largest economy. Although national statistics are not yet available, at least 20 of China’s 31 provinces have published figures […]
ASIA: The Agricultural Bank of China, one of the country’s largest commercial lenders, has pledged stronger financial support for spring farming. The bank said it will strive to issue more than 160 billion yuan ($23.48 billion) in loans for spring farming preparations this year and will improve the efficiency of financial services. The financial […]
ASIA: Total debts owed by Adani Group add up to Rs 3.39 trillion ($41.1 billion) and are “equivalent to at least 1% of the Indian economy”, an analysis by Nikkei Asia shows. As per calculations by Nikkei, the liabilities attributed to 10 of Adani’s listed group companies, including ACC, Ambuja Cements and New Delhi […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 86.63 points or 0.31% to 27,670.98 Shanghai decreased 9.71 points or -0.30% to 3,260.67 Hang Seng decreased 433.94 points or -2.01% to 21,190.42 ASX 200 decreased 56.60 points or -0.76% to 7,433.70 Kospi decreased 11.79 points or -0.48% to 2,469.73 […]
ASIA: India’s unemployment rate fell to 7.14% in January, the lowest in four months, from 8.30% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed. The urban unemployment rate declined to 8.55% in January from 10.09% in the previous month, while the rural unemployment rate slipped to 6.48% from […]
Of course, the Goldbugs always misinterpret a rally in gold. The buying coming from China is in preparation for war – not bullish gold for the sake of gold. I have warned that if war was coming, then you will see China start to sell off US Treasuries. You certainly do not fund your adversary’s […]
ASIA: China continues to flex its muscles in the gold market after data from the People’s Bank of China shows that it bought more gold in January, the third straight month. China’s central bank bought 15 tonnes of gold last month; this follows 32 tonnes of gold bought in December and 30 tonnes bought […]
ASIA: Taiwan will speed up the development of drones for military use, considering the lessons of the war in Ukraine and the threat posed by China, the island’s defense ministry said on Tuesday. Unmanned aircraft have played a crucial role on both sides since Russia launched a full-scale invasion of Ukraine in February last year. […]
QUESTION: I found it fascinating that you were able to calculate the funding of the war that Cleopatra provided Mark Antony. Have you done similar work to look at the funding of Julius Caesar to cross the Rubicon? WT ANSWER: Yes. The Battle of Actium was a proxy war instigated by Cleopatra to try to […]
