ASIA: China’s Evergrande Group dollar bondholders were still waiting for information about a key interest payment due Thursday, with some holders having given up hope of getting a coupon payment by the deadline, Reuters reported. The property developer was instead expected to provide more information in the coming month, the news agency said. Evergrande was […]

ASIA: Crisis-hit Chinese property developer Evergrande used billions of dollars raised by selling wealth management products to retail investors to plug funding gaps and even to pay back other wealth management investors, executives of the company said in a statement. Evergrande financial advisers marketed the products widely, including to homeowners in its apartment blocks, while […]

ASIA: Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, Reuters reported. US President Joe Biden will host a first in-person summit of leaders of the “Quad” countries, which have sought to boost cooperation to push back […]

With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which […]

ASIA: China has told the US, the UK and Australia to abandon their “cold war” mentality or risk harming their own interests after the three countries unveiled a new defence cooperation pact. The trilateral security partnership, named Aukus, was announced on Thursday by the three nations’ leaders via video link, and will include an 18-month plan […]

ASIA: Japan’s wholesale inflation hovered near a 13-year high in August as raw material imports continued to rise on solid global demand, data showed on Monday, putting pressure on companies to pass on higher costs to households. Many analysts, however, expect companies to keep any price hike moderate as a state of emergency curbs to […]

ASIA: The SENSEX and Nifty50 were closed today to honor Ganesh Chaturthi. We wish those celebrating a happy holiday. The major Asian stock markets had a green day today: NIKKEI 225 increased 373.65 points or 1.25% to 30,381.84 Shanghai increased 9.98 points or 0.27% to 3,703.11 Hang Seng increased 489.91 or 1.91% to 26,205.91 ASX […]

The European Central Bank (ECB) has kept its monetary policy unchanged. However, it did slow down the pace of net asset purchases under its pandemic emergency purchase program. The ECB’s main refinancing operations remain at 0%, on the marginal lending facility at 0.25%, and on the deposit facility at -0.5%. The ECB said that it […]

  The Democrats want the banks to turn over ALL information on everyone to the IRS. You no longer need to have an audit. They are simply adopting the idea of guilty until proven innocent when it comes to money they want to get their hands on. This is stage one, and as they move […]

The new report on the origins of COVID will point the finger at a lab leak in Wuhan. China is getting its back up and warning this will only lead to racism in the United States. I fully agree with China, but I ADVISE that they investigate further. There was most likely a lab leak, […]