ASIA: China’s foreign exchange regulator issued guidelines on foreign exchange trading on Friday, targeting market manipulation, fraud, and abuses. The guidelines would help regulate foreign exchange market trading and promote “honest, fair, orderly, and efficient” market operations, the State Administration of Foreign Exchange said. According to the guidelines, market participants would be barred from manipulating […]

Germany has effectively banished unvaccinated people from participating in society. On Thursday, Führer Merkel announced that unvaccinated people must shield themselves from the world and may only leave for food or medicine. Merkel’s successor Olaf Scholz has said that he will push to enforce a mandatory vaccine requirement, which could go into effect as early […]

ASIA: China’s property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed. Home prices are expected to drop 1.0% in H1 2022 and Property investment in H1 2022 is expected to slump […]

ASIA: Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions and fresh COVID-19 cases hit business and consumer spending, raising challenges for the new government’s growth plans. The economy shrank an annualized 3.0% in July-September after a revised 1.5% gain in the first quarter, preliminary gross domestic product (GDP) […]

ASIA: China’s factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in November from 49.2 in October, data from the […]

ASIA: Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs. Retail sales rose 0.9% in October from a year earlier, government data showed on Monday, versus […]

Citizens of the French Caribbean territory of Guadeloupe have been protesting COVID-19 restrictions for the past four months. In response, authorities have implemented a 6 PM curfew to prevent people from gathering. Reports of protestors shooting at the police, arson, and looting have resulted as anger grows. The citizens of Guadeloupe have every reason to […]

The Dow experienced its steepest decline of the year on Friday after it was reported that the COVID-19 virus mutated into a variant called B.1.1.529. Virologists and immunologists are extremely concerned by the number of strains this virus carries, with over 32 detected so far. The National Institute for Communicable Diseases (NICD) has confirmed 22 […]

ASIA: In its latest report, Moody’s Investors Service has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. The Reserve Bank of India has ensured that interest rates in India have remained at record lows and has also […]

ASIA: Shares of China Evergrande New Energy Vehicle Group Ltd rose 11.1% to HK$3.92 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s electric vehicle (EV) unit said it would issue about 900 million shares, or 8.3% of the enlarged capital, at […]