ASIA: Japan’s economy likely shrank over the summer as a Covid surge and supply bottlenecks slammed an already feeble recovery, according to estimates by several economists just two days before the nation goes to the polls. The economy likely contracted by 1.1% on an annualized basis in the three months to September, Yoshiki Shinke, chief economist […]

 ASIA: The risk of stagflation is “very real” in China over the next couple of quarters as factory gate prices rise at a quicker pace and an ongoing power crunch hurts economic growth, Charlene Chu, senior analyst for China macro financial at Autonomous Research said Wednesday. Stagflation refers to a situation in which the economy […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 7.77 or -0.03% to 29,098.24 Shanghai decreased 35.33 or -0.98% to 3,562.31 Hang Seng decreased 409.53 points or -1.57% to 25,628.74 ASX 200 increased 5.30 points or 0.07 to 7,448.70 Kospi decreased 23.59 points or -0.77% to 3,025.49 SENSEX decreased […]

ASIA: Singapore will allow people arriving from Australia and Switzerland to enter without having to quarantine from November 8, as the Southeast Asian nation takes another step in reopening borders and reviving its economy and status as an aviation hub. Fully vaccinated travelers from the two countries will be able to enter Singapore freely after […]

History repeats all the time. With digital currencies, the next war may not be counterfeiting the paper currency of an opponent. This time, they will have to hack the banks and wipe out people’s savings to economically undermine their economy. This means that every bank will become a target to hackers, whereas traditionally in war […]

ASIA: Shares in China Evergrande Group’s electric vehicles (EV) unit rose on Monday as the embattled property developer moved to prioritize the growth of its nascent EV business over its troubled core real estate operations. Evergrande rose as much as 6% during the session before closing down 0.7%. China Evergrande New Energy Vehicle Group Ltd […]

ASIA: China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to wrestle with a debt crisis looming over the world’s second-biggest economy. Facing a deadline on Saturday to pay interest on a US dollar bond, Evergande sent $83.5 million to a […]

ASIA: Singapore’s central bank unexpectedly tightened its monetary policy on Thursday, delivering its first such move in three years amid mounting cost pressures caused by supply constraints and a recovery in the global economy. The central bank, which manages its policy through exchange rate settings, said it would raise the slope of its currency policy […]

ASIA: The unfolding crisis in real estate in China is emerging as one of Beijing’s toughest challenges in the coming year. Real estate-related activities including, cement and steel production, registered steep contractions last month, as did property sales and new construction projects. That has led to reduced property investment, which contracted in September for the […]

ASIA: India and Israel agreed to resume talks on a free trade agreement from November, with the aim of signing a deal by mid-2022, both countries said on Monday. Ties between the two countries have grown closer in the seven years since Indian Prime Minister Narendra Modi has been in power. Several strategic military and […]