ASIA: China’s Premier Li Keqiang said that China’s economy has recovered to some extent, but its foundation is not solid. Speaking to state media he further added that China will strive to drive the economy back onto a normal track and bring down the jobless rate as soon as possible. China’s nationwide survey-based jobless rate […]

  ASIA: China’s economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. Economic activity picked up in June after financial hub Shanghai lifted its lockdown, allowing businesses to restart and most residents to leave their homes. That can be seen in a rebound in small business confidence, which […]

    ASIA: A shortage of cash dollars and forward market intervention by the Reserve Bank of India which has pushed onshore 1-year forward premiums to their lowest levels in more than a decade could pressure the rupee to new lows, traders and analysts said. The one-year annualized forward premium stood at 2.91% at 0830 […]

ASIA: Chinese President Xi Jinping made a rare statement Wednesday about his country’s aims to achieve its economic goals for the year. Investment analysts have cut their forecasts for China’s GDP growth to well below the official target after stringent Covid controls restricted business activity in the last few months. The median GDP forecast among […]

ASIA: Some Bank of Japan board members were concerned that excessive currency volatility could disrupt corporate business plans, minutes of the bank’s April meeting showed, highlighting the challenge for policymakers from the yen’s sharp declines. At the April 27-28 meeting, the BOJ strengthened its commitment to keep interest rates ultra-low by vowing to buy unlimited […]

ASIA: Australia’s top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still “very low” and it was important that higher inflation did not feed into public expectations and wage claims. Reserve Bank of Australia (RBA) Governor Philip Lowe warned price pressures continued to build both globally and domestically and […]

ASIA: The UAE has placed a ban on the export and re-export of all varieties of wheat from India for four months. The resolution applies to all varieties of wheat and wheat flour, which were imported into the country before 13, May 2022, the ministry of economy said in a statement issued on Wednesday. The […]

ASIA: India has witnessed the sharpest rise among the Asian economies, with a six-position jump from 43rd to 37th rank on the annual World Competitiveness Index compiled by the Institute for Management Development, largely due to gains in economic performance. Japan’s Nikkei index fell for a third day on Tuesday amid risks to growth from […]

ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released  last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per cent, according to Cabinet Office data. That was smaller than the 1.0 per cent contraction in the preliminary estimate for […]

QUESTION: Marty, Socrates is worth its weight in something far more valuable than gold. I want to congratulate you for you are the ONLY adviser who nailed not just the cryptocurrency bloodbath, but that the dollar would rise when everyone else kept predicting it would crumble to dust. Then you warned that emerging markets would […]