ASIA: China’s official index of manufacturing purchasing managers slipped to 50.8 in April from 52.0 in March, the National Bureau of Statistics said. Pandemic triggered recessions around the world have made Chinese manufacturers pessimistic about export demand. Cui Tiankai, China’s ambassador to the United States, has said the two countries need to look beyond […]

ASIA: India’s sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the country through the coronavirus crisis, rating agency Fitch said on Tuesday. Fitch currently rates India at BBB-, with a stable outlook, but any downgrade would consign its sovereign debt to junk bond territory. The […]

QUESTION: Marty; You were the only one to forecast this would be a commodity cycle driven by shortages. How can your computer forecast such things like this shortage years in advance? They are warning we will face serious meat shortages when Bill Gates was investing in meat substitutes. This is falling within his whole scheme […]

ASIA: India’s central bank, the Reserve Bank of India (RBI) will open a special liquidity window of approximately 6.6 billion USD to ease pressure on mutual funds, which are facing liquidity strains due to heightened volatility in capital markets in the wake of the COVID-19 outbreak. The scheme is available from April 27, 2020, until […]

ASIA: India’s Nifty 50 index could soon see Bharti Infratel, Vedanta Ltd, Zee Entertainment, Tata Motors, and GAIL India exit from the index owing to the low average free-float market capitalization, and replaced with other heavyweights. Top contenders to replace these shares in the Nifty 50 index include Radhakishan Damani’s Avenue Supermarts, API manufacturer Divi’s […]

COMMENT: Mr. Armstrong; I find it intellectually dishonest why the mainstream media refuses to cover your forecasts and others plagiarize you when Socrates has been the biggest breakthrough perhaps in human history. I attended the Orlando WEC in 2019 and your forecasts on gold and the stock market were brilliant. When it came to this […]

ASIA: The Indian government has announced a new policy on Foreign Direct Investment (FDI) from border sharing countries. The new law came into effect after the Foreign Exchange Management Act (FEMA) notification which was released late night on April 22. This law mandated prior government approvals for FDI from India’s neighbors such as Pakistan, China, […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 291.49 points or 1.52% to 19,429.44 Shanghai decreased 5.48 points or -0.19% to 2,838.50 Hang Seng increased 83.96 points or 0.35% to 23,977.32 ASX 200 decreased 4.10 points or -0.08% to 5,217.10 Kospi increased 18.58 points or 0.98% to 1,914.73 SENSEX […]

ASIA: Facebook will buy a 10% stake in the digital business of Reliance Industries for 5.7 billion USD, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services. The deal will help the Reliance Industries cut debt that has piled up in its expensive push to […]

ASIA: India’s market regulator, the Securities and Exchange Board of India (SEBI), temporarily eased some fund-raising regulations for listed entities to give them easier and faster access to capital markets. To allow more companies to avail fast-track rights issuances, SEBI reduced the required average market capitalization of public shareholding required to 1 billion rupees from […]