ASIA: China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal. Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at […]

World War III continues to heat up as the US Marines have been deployed to the Strait of Hormuz. The military also plans to deploy F-16 and F-35 warplanes and an Amphibious Readiness Group/Marine Expeditionary Unit containing 3,000 troops. France24 says that Iran has attempted, sometimes unsuccessfully, to take control of 20 internationally flagged ships […]

ASIA:   Singapore’s economy grew by 0.7% year-on-year and 0.3% quarter-on-quarter in the second quarter, avoiding a technical recession. This growth exceeded the expectations of economists, who had predicted a 0.6% year-on-year and 0.3% quarter-on-quarter growth. In the previous quarter, the economy had contracted by 0.4% quarter-on-quarter but saw marginal growth of 0.4% year-on-year. Despite […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 548.41 points or -1.68% to 32,159.28 Shanghai increased 18.77 points or 0.58% to 3,280.46 Hang Seng decreased 96.51 points or -0.49% to 19,420.87 ASX 200 decreased 42.90 points or -0.58% to 7,311.70 Kospi decreased 11.08 points or -0.42% to 2,605.39 […]

The Canadian government does not want people sharing news stories online. The government should be the sole source of information. The Online News Act (Bill C-18) would require social media platforms and online sources to compensate Canadian news agencies for sharing news online. A report by Angus Reid found that 85% of Canadians do not […]

  ASIA: The Argentine government has reached an agreement with the People’s Bank of China to obtain US$1.7 billion in yuan through currency swaps. This will help them fulfill their payment obligations of US$2.7 billion to the International Monetary Fund. To cover the remaining balance, they will receive a loan of US$1 billion from the […]

ASIA: In July, India’s manufacturing activity showed a slight easing for the second consecutive month, as per a private business survey by S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) declined marginally to 57.7 from 57.8 in June but was slightly higher than expected (57.0). Despite the moderation, the pace of expansion remained healthy, with […]

ASIA:   The major Asian stock markets had a green day today: NIKKEI 225 increased 412.99 points or 1.26% to 33,172.22 Shanghai increased 15.11 points or 0.46% to 3,291.04 Hang Seng increased 162.38 points or 0.82% to 20,078.94 ASX 200 increased 6.80 points or 0.09% to 7,410.40 Kospi increased 24.26 points or 0.93% to 2,632.58 […]

  First, it was toilet paper, then baby formula, and now it’s non-basmati rice that people are running to the stores and buying in bulk. India has put into effect on July 20th the ban on non-basmati rice in order to calm domestic prices. According to the International Food Policy Research Institute, the global rice […]

  According to World Wild Life, they claim that the production of beef effects “climate change due to emissions of greenhouse gasses such as methane, nitrous oxide, and carbon dioxide. Research shows that ruminant livestock account for between 7% and 18% of global methane emissions from human related activities.” In February of this year, the […]