ASIA:   Chinese state-owned banks are planning to lower interest rates on existing mortgages, marking the first such move since the global financial crisis. The goal is to support the struggling property sector and boost the economy, which has been facing challenges due to the debt crisis in the property market. The rate reduction will […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 545.71 points or 1.73% to 32,169.99 Shanghai increased 34.56 points or 1.13% to 3,098.64 Hang Seng increased 174.36 points or 0.97% to 18,130.74 ASX 200 increased 44.60 points or 0.63% to 7,159.80 Kospi increased 24.27 points or 0.96% to 2,543.41 […]

ASIA:   Japan’s economy grew at a surprisingly fast pace in the second quarter of the year, driven by strong auto exports and an increase in tourist arrivals. This growth of 6.0% on an annualized basis and 1.5% quarterly exceeded expectations, with GDP reaching a new high. This growth rate was the fastest since the […]

ASIA:   Asia’s economic growth is predicted to surpass that of the US and Europe this year, driven by strong domestic demand. Morgan Stanley emphasizes that Asia, including countries like Japan, is expected to outperform due to factors like China’s rebound post-reopening and supportive fiscal and monetary policies. Notably, China, India, Indonesia, and Japan are […]

ASIA:   Reserve Bank of India (RBI) Governor Shaktikanta Das mentioned that vegetable prices in India are starting to decrease and are expected to continue declining from September onward. High vegetable and cereal prices led to a retail inflation surge of 7.44% in July, the highest in 15 months. Despite potential geopolitical tensions affecting food […]

While some economists are flipping from pessimistic to increasingly optimistic the US will beat inflation without a near-term recession, some still preach the standard doom & gloom prophecy for the economy. Everything in their field always turns on the Keynesian Model of interest rates, with the standard fallout from higher interest rates always will depress […]

ASIA: Beijing’s efforts to attract the Middle East’s capital are proving successful, with a Dubai-based chamber of commerce expressing eagerness for business collaboration and positioning itself as a key partner in China’s Belt and Road Initiative. China has become a significant global trade partner for the UAE, with over $72 billion worth of non-oil trade […]

ASIA: In India, retail inflation reached a 15-month peak in July due to higher prices of vegetables and cereals. The inflation rate rose to 7.44% in July from 4.87% in June, the highest since April 2022. Food inflation, accounting for about half of the consumer expenses, surged to 11.51% in July compared to 4.49% in […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 175.24 points or -0.55% to 31,450.76 Shanghai decreased 31.79 points or -1.00% to 3,131.95 Hang Seng decreased 375.78 points or -2.05% to 17,950.85 ASX 200 increased 2.10 points or 0.03% to 7,148.10 Kospi decreased 15.35 points or -0.61% to 2,504.50 […]

  ASIA:   Meeting China’s annual economic targets is not optional, Premier Li Qiang said, with a strong message calling for increased resources and policy coordination. During a State Council meeting on Wednesday, Li stressed the need to expand domestic demand, boost private enterprise, attract foreign investment and build a modernized industrial system as China […]