Skip to content

Market Talk – August 18, 2022

ASIA: India’s oil imports from Russia fell in July for the first time since March, along with its overall purchases, while supplies from Saudi Arabia rebounded for the first time in five months, data from trade and industry sources showed. Indian refiners lifted more futures from Saudi Arabia as prices were attractive, while prices for […]

Market Talk – August 17, 2022

ASIA: Japan’s imports jumped to a record amount in July, boosted by global fuel inflation and a weak yen, outweighing exports and deepening the trade deficit, in a sign of a further worsening in the terms of trade for the export-oriented economy. Ministry of Finance data showed on Wednesday exports grew 19.0% in July from […]

Market Talk – August 16, 2022

ASIA: The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals that Beijing may be willing to compromise to strike an audit deal with the United States and end a more than decade-old dispute. Analysts and consultants informed about it on Monday. Five state-owned enterprises, including oil major […]

Market Talk – August 15, 2022

ASIA: China’s central bank surprisingly cut key interest rates on Monday to revive demand as data showed the economy unexpectedly slowed in July, with factory and retail activity squeezed by Beijing’s zero-Covid policy and the property crisis. Industrial production in July rose 3.8% from a year earlier, according to the National Bureau of Statistics (NBS), […]

Romania Gifts Moldova One Million Potassium Iodide Pills

The world is preparing for the worst – a nuclear disaster. Romania gifted Moldova one million pills that protect against radioactivity due to fighting near the Zaporizhzhia power plant in Ukraine. Russia has control of the plan but claims it will not begin a nuclear war. Still, the Commission for Exceptional Situations of Moldova is […]

Market Talk – August 12, 2022

ASIA: India’s consumer inflation eased to 6.71% in July, easing for a third straight month, helped by slower increases in food and fuel prices and adding to expectations that the central bank may rein in the pace of interest rate hikes next month. The year-on-year figure, published by the Office for National Statistics on Friday, […]

Sleepwalking into Our Own Demise

COMMENT: I was there on the staff of _____________ when you were on Capitol Hill. It was Dick Army who told you he could not support Bill Archer’s retail sales tax because when the Democrats gained power we would have a retail sales tax and an income tax. I found your piece on Europe sleepwalking […]

Market Talk – August 11, 2022

ASIA: According to Morgan Stanley analysts, India is likely to be the fastest growing Asian economy by 2022-23. They expect India’s gross domestic product growth to average 7 percent over the period — the strongest among major economies — and contribute 28 percent and 22 percent to growth in Asia and 22 percent, respectively. Much […]

The Rhine Drought

The drought across Europe has caused substantial problems. In Germany, the Rhine has all but evaporated. Freights have been forced to reduce their loads across the river, but some are foregoing the route altogether. German authorities have not closed the river but are permitting shippers to cross at their own risk — and it is […]

Market Talk – August 10, 2022

ASIA: Japan ran a current account deficit for the first time in 5 months in June as rising imports eclipsed exports, data showed on Monday (Aug 8), underscoring the pressure on the economy from higher energy and raw material prices. The world’s third-largest economy posted a current account deficit of ¥132.4 billion (USD 1.4 billion) […]