ASIA: Japan’s manufacturing activity grew at the fastest pace in nearly eight years in January on stronger output and new orders, while cost pressures stayed elevated as firms continued to face supply chain delays. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in January rose to 55.4 on a seasonally adjusted basis, […]

Tax havens are in short supply. The United Arab Emirates (UAE) recently announced that it will implement a new federal corporate tax on business profits. Part of what attracted business to the UAE was its tax-free status and the move could hurt new money from migrating to the UAE. The new tax will go into […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 284.64 points or 1.07% to 27,001.98 Shanghai closed Hang Seng increased 252.18 points or 1.07% to 23,802.26 ASX 200 decreased 16.50 points or -0.24% to 6,971.60 Kospi closed SENSEX increased 813.94 points or 1.42% to 58,014.17 Nifty50 increased 237.90 points […]

ASIA: India’s economic momentum remained stable in December even as the first signs of slowing output growth appeared across some industries. Activity in India’s dominant services sector expanded for the fifth month, and manufacturing for the sixth, although growth in new work and production lost some momentum, according to IHS Markit. While the composite index slipped to 56.4 […]

ASIA: China’s central bank cut its benchmark lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. The People’s Bank of China reduced the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. In December, the PBOC cut the one-year loan prime rate for the first […]

ASIA: The International Monetary Fund on Tuesday cut its FY22 gross domestic growth product (GDP) forecast for India to 9 percent from 9.5 percent predicted in October, citing disruptions due to the Omicron wave of the Covid-19 pandemic. However, the multilateral agency raised the country’s GDP projection for FY23 to 9 percent from 8.5 percent […]

COMMENT FROM A REAL ESTATE BROKER IN NYC ON RENTAL MARKET: Equity Residential is demanding 40 to 45% increases on lease renewals. On one floor in particular, units have had to tolerate unending noise, smoke, etc from a neighbor. There is a security guard on that floor. In the 70’s and 80’s key money was […]

QUESTION: Marty; Do you think Newt Gingrich is correct about Liz Cheney that she could face jail time? GG ANSWER: Absolutely! I believe she is a vile individual and her father is responsible for the Iraq War. His former company Haliburton, to which he gave all the spoils, when it was going to be investigated, […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 250.67 points or -0.90% to 27,522.26 Shanghai decreased 32.49 points or -0.91% to 3,522.57 Hang Seng increased 13.20 points or 0.05% to 24,965.55 ASX 200 decreased 166.60 points or -2.27% to 7,175.80 Kospi decreased 28.39 points or -0.99% to 2,834.29 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 305.70 points or 1.11% to 27,772.93 Shanghai decreased 3.12 points or -0.09% to 3,555.06 Hang Seng increased 824.50 points or 3.42% to 24,952.35 ASX 200 increased 9.90 points or 0.14% to 7,342.40 Kospi increased 20.40 points or 0.72% to 2,862.68 […]