ASIA: China’s economy could be contracting this year for the first time since the 70s, according to analysts, as the country grinds to a halt due to the coronavirus. The Caixin purchasing managers index dropped drastically to 26.5 from 51.6, the lowest level since 2005. The Reserve Bank of India has taken over one […]

ASIA: India’s Supreme Court has overturned India’s central bank’s decision that restricted banking access for virtual currency trading. Following this decision, cryptocurrency companies are expected to revive plans to invest and expand their business in India. India’s service sector activity gathered momentum in February driven by a quicker expansion in new work orders that supported […]

ASIA: India’s central Bank Governor Shaktikanta Das told Bloomberg that he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed. The spread of coronavirus has raised the prospects of an emergency monetary policy action in India. India restored the social media access for people […]

ASIA The United Nations High Commissioner for Human Rights (UNHRC) has filed an intervention in the Indian Supreme Court on the Citizenship Amendment Act (CAA) and informed India’s Permanent Mission in Geneva about it, India’s Ministry of External Affairs said. This means that the global human rights body wants to be made a party in […]

ASIA: India has reported three more cases of coronavirus taking the total number of people who have tested positive in the country to six. An Italian national was tested positive for coronavirus in the western Indian state of Rajasthan. The other two cases were detected in the national capital New Delhi and the other in […]

ASIA: The chairmen of India’s biggest corporate companies lost around 7 billion USD of personal wealth combined to date in notional terms due to the COVID-19 outbreak in China and other parts of the world. Most of this wealth erosion happened over the last 15 days, when domestic equity indices have come tumbling down. BSE […]

QUESTION #1: Hi Mr. Armstrong, Might the current correction be the set up for the long awaited slingshot move? Regards, BE COMMENT #1: I just wanted to say thank you. I sold out on the ECM and bought puts on the market. You just paid off my mortgage. God bless you! HJ COMMENT #2: Marty, […]

  ASIA: The Indian government is planning a data protection bill that will require tech companies to tell users what data they are collecting and, in most cases, get consent from users to collect that data. It also imposes restrictions on what kind of data can be stored outside the country. The bill, currently making […]

ASIA: Indian refiners of edible oils led by the Solvent Extractors of India President Atul Chaturvedi urged the Indian government not to issue palm olein import licenses as any further purchases could result in a sharp drop in rapeseed prices and cut farmers’ incomes. India, the world’s biggest importer of palm oil, in a surprise […]

COMMENT #1: Marty, you are the only person who tells the truth in markets. If the coronavirus is spreading everywhere outside the USA, then why is money fleeing from the US stock market to run to places where there is the virus? This is fake news at its best. You are right. This is the […]