ASIA: India’s sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis, rating agency Fitch said on Tuesday. Fitch currently rates India at BBB-, with a stable outlook, but any downgrade would consign its sovereign debt to junk bond territory. The […]

Sweden is actually starting to benefit from the coronavirus lockdown in Europe. The restaurants are starting to fill as are hostels with Europeans traveling to Sweden just to be free to go to the spa, out to dinner, and try to enjoy life as normal. Sweden is experiencing what we may call Coronavirus Tourism. Sweden […]

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 major Asian stock markets had a mixed day today: NIKKEI 225 increased 291.49 points or 1.52% to 19,429.44 Shanghai decreased 5.48 points or -0.19% to 2,838.50 Hang Seng increased 83.96 points or 0.35% to 23,977.32 ASX 200 decreased 4.10 points or -0.08% to 5,217.10 Kospi increased 18.58 points or 0.98% to 1,914.73 SENSEX […]

ASIA: Facebook will buy a 10% stake in the digital business of Reliance Industries for 5.7 billion USD, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Reliance Industries cut debt that has piled up in its expensive push to […]

ASIA: India has pitched for enhancing the emergency assistance of the National Development Bank to $10 billion from $1 billion. The issue was flagged by union finance minister Nirmala Sitharaman at the annual meeting of the board of governors of the National Development Bank (NDB) via video conference on Monday. NDB has so far approved […]

QUESTION: Mr. Armstrong; I am a new reader. I was wondering if you agree with Trump that the stock market will make new highs. Thank you for your time JA ANSWER: The market will make new highs, just not this instant. However, it will not make new highs because the economy will be strong. It […]

  Canada is showing just how ruthless the left can be. They are proposing to create criminal/civil prosecutions against anyone who disagrees with the government and Bill Gates. If you dare question the lockdown, they will throw you in prison? The left always turns Stalinistic. No matter what country, the left will always attack dissent […]

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: India identified 170 districts as hotspots including major metros – Delhi, Mumbai, Chennai, Bengaluru, and Kolkata. The Ministry of Home Affairs has issued a set of guidelines that informs which services and practices are permitted in these areas during the next phase of lockdown which will continue till May 3, 2020. India has agreed […]