ASIA: China’s Oppo canceled the live online launch of its flagship smartphone in India on Wednesday after a border clash between the two countries that has renewed calls from local Indian trader groups to boycott Chinese goods. The clashes risk souring sentiment for big Chinese investors who were eyeing the Indian market and already faced […]

ASIA: The US government says it will block Chinese airlines from flying into the US in response to China’s decision to ban US air carriers on June 1, 2020. The Transportation Department restrictions will take effect on June 16 but could be enacted earlier if President Donald Trump decides to do so. The Transportation Department […]

ASIA: President Donald Trump launched a blistering attack on China on Friday, and announced a slew of retaliatory measures that will plunge US-China relations deeper into crisis. “They’ve ripped off the United States like no one has ever done before,” Trump said of China, as he decried the way Beijing has “raided our factories” and […]

ASIA: China has expressed its “strong indignation” after the US secretary of state, Mike Pompeo, sent a message hailing the re-elected Taiwanese president’s “courage and vision” to be read at her inauguration ceremony. China’s foreign ministry said Pompeo’s act had severely damaged peace and stability in the strait between Taiwan and China. It warned it […]

ASIA: India’s central bank, the Reserve Bank of India (RBI) will open a special liquidity window of approximately 6.6 billion USD to ease pressure on mutual funds, which are facing liquidity strains due to heightened volatility in capital markets in the wake of the COVID-19 outbreak. The scheme is available from April 27, 2020, until […]

ASIA: The Indian government has announced a new policy on Foreign Direct Investment (FDI) from border sharing countries. The new law came into effect after the Foreign Exchange Management Act (FEMA) notification which was released late night on April 22. This law mandated prior government approvals for FDI from India’s neighbors such as Pakistan, China, […]

ASIA: The total number of coronavirus cases in India has gone up to 13,387, while the death toll has risen to 437, according to the latest figures from the Health Ministry. In the past 24 hours, 1,007 fresh COVID-19 infections and 23 deaths were reported. India’s gold consumption in 2020 could fall as much as […]

ASIA: A slow increase in output and new business, coupled with a steep decline in exports following the global coronavirus pandemic, pulled down India’s manufacturing activity to a four-month low in March, a private survey showed on Thursday. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in March from 54.5 in […]

QUESTION: Hi Martin, Awhile back you mentioned the ECB doesn’t have unilateral authority to expand the money supply, and that the political crisis in Europe would begin once the ECB ran out of cash reserves. How far off are we from that moment, and how does the Repo crisis tie into that? CG ANSWER: Yes. […]

ASIA: The total number of coronavirus cases in India has climbed to 195 after over 35 new cases emerged from the various parts of the country. This marks the highest number of reported cases in a single day. At present, there are 171 active coronavirus patients in the country, according to the data released by […]