ASIA: The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. As of the end of March, the bank’s outstanding loans to the manufacturing sector exceeded 2.69 trillion yuan ($388.42 billion), according to the bank. Newly-added loans to the manufacturing industry stood at over 390 […]

After the FOMC decision, Jerome Powell stated during his Q&A that the Federal Reserve does not have a plan to consolidate banks. “I personally felt that having small, medium, and large were a great part of our banking system,” Powell stated, noting that they all serve different customers. Powell said it could have been a […]

ASIA:   The UAE and India are expected to surpass their non-oil trade target of $50 billion this year, on their way to reaching the $100 billion goal by 2030. Bilateral non-oil trade reached $45.5 billion between May 2022 and March 2023, with a 7% increase from the previous year. In the first quarter of […]

QUESTION: Just about every Bitcoin advocate says you are wrong and Bitcoin cannot be stopped. Yet, it seems they are dreaming. Here in Europe, we are already restrained by the maximum cash transaction is €1000. Do you maintain that cryptocurrency will be outlawed or seized? HT ANSWER: Yes. Here is  Lagarde on digital currency. She […]

ASIA:   High prices are starting to put pressure on small and midsize businesses in Japan, forcing a record number of them into bankruptcy as the country lags behind the West in passing along the increased costs to customers.  Fiscal 2022 saw 463 companies file for bankruptcy over rising prices or an inability to pass […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 27.18 points or 0.82% to 3,350.46 Hang Seng increased 249.57 points or 1.27% to 19,948.73 ASX 200 decreased 4.30 points or -0.06% to 7,193.10 Kospi decreased 0.46 points or -0.02% to 2,500.94 SENSEX increased 555.95 points or 0.91% […]

The Environment and Cancer Research Foundation (ECRF) reported three incidents of otherwise healthy people developing microwave syndrome after 5G towers were installed near their homes or places of work. Microwave syndrome is a condition that can occur when people are exposed to high levels of electromagnetic radiation. These radiations operate at a frequency of 300 […]

Intelligence agencies backed by the mainstream media are still trying to blame Russia for the destruction of the Nord Stream pipelines. A new BBC report claims that Russian ships and submarines were present when the blasts occurred. These “ghost ships” allegedly had their transmitters turned off, but they were not clever enough to encode their […]

The BBC reported Zelensky’s comment regarding the drone attack on the Kremlin: “We don’t attack Putin or Moscow. We fight on on our territory. We are defending our villages and cities,” he said, speaking on a visit to Finland. Zelensky is such a liar this man should not be greeted by any head of state. […]

ASIA:   Core consumer inflation in the Japanese capital beat expectations in April and an index cutting fuel costs rose at its fastest pace in four decades, underscoring the challenge the central bank’s new chief faces in keeping interest rates ultra-low. The core consumer price index (CPI), which excludes volatile fresh food but includes fuel […]