ASIA:   In the first five months of the year, China’s industrial firms experienced a significant decline in annual profits, with a 18.8% year-on-year slump. This decline follows a contraction of 20.6% in profits from January to April. The weakening demand and squeezed margins indicate that the country’s post-COVID economic recovery is faltering. Various indicators, […]

ASIA: In May, Asian bonds experienced a significant increase in foreign investments, with the highest monthly inflows in nearly two years. This surge was driven by expectations of a more moderate approach to monetary tightening by the U.S. Federal Reserve. Data from regulatory authorities and bond market associations revealed that foreign investors bought a net […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 186.23 points or 0.56% to 33,575.14 Shanghai decreased 42.46 points or -1.31% to 3,197.90 Hang Seng decreased 388.73 points or 1.98% to 19,218.35 ASX 200 decreased 42.90 points or -0.58% to 7,314.90 Kospi decreased 22.28 points or -0.86% to 2,582.63 […]

  ASIA:   China’s inflation remained close to zero in May, sparking concerns on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook. The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said last Friday, in line with […]

ASIA: India’s wholesale price-based inflation fell by 3.48 per cent in May on an annual basis as against a contraction of 0.92 per cent in April, the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry stated on Wednesday. The inflation rate for the food index witnessed a contraction of 1.59 […]

Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in credit card debt, marking an 8.9% YoY increase. Now, Americans are facing $1 trillion in credit card debt due to rising APR and inflation. The Federal Reserve […]

ASIA:   China’s factory activity contracted at a faster rate than expected in May, signaling weakening demand and adding pressure on policymakers to support the country’s uneven economic recovery. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, below the 50-point threshold that indicates expansion, and lower than the forecasted […]

ASIA:   Core consumer inflation in Tokyo, Japan’s capital, slowed down in May. However, an important inflation index that excludes the impact of fuel reached a four-decade high, indicating increasing price pressure. This could potentially maintain expectations of a withdrawal from the current loose monetary policy. The Tokyo core consumer price index, which excludes volatile […]

@tyson_melbourne6 ♬ Epic – DM Production The transition to CBDC in Nigeria did not go as planned. The elites always seek out African nations to use as their test subjects. Nigeria attempted to slowly roll out the program dubbed eNaria built on the Hyperleger Fabric blockchain. The Central Bank of Nigeria (CBN) is solely responsible […]

The headlines praise Biden for nominating the first Latina woman to the Federal Reserve’s board. None of the current headlines list her qualifications, which is a given since this administration favors diversity over experience. I, for one, would like to know more about the people being placed in positions of power since their nationality has […]