ASIA:   The Agricultural Bank of China, one of the country’s largest commercial lenders, has pledged stronger financial support for spring farming. The bank said it will strive to issue more than 160 billion yuan ($23.48 billion) in loans for spring farming preparations this year and will improve the efficiency of financial services. The financial […]

QUESTION: Marty, Ever since the debacle in London with the long-term debt, there have been whispers in NYC about how the demand for long-term is drying up. When this becomes critical, is that when the whole thing comes crashing down? KW ANSWER: That was the real gist of Yellen’s speech back in October of 2022. […]

QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system? Will there be differencies between countries like Germany and Switzerland for example? Especially regarding pension systems. I asume, there might be big differences by countries. Many thanks and best regards, RZ ANSWER: […]

ASIA:   Total debts owed by Adani Group add up to Rs 3.39 trillion ($41.1 billion) and are “equivalent to at least 1% of the Indian economy”, an analysis by Nikkei Asia shows. As per calculations by Nikkei, the liabilities attributed to 10 of Adani’s listed group companies, including ACC, Ambuja Cements and New Delhi […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 86.63 points or 0.31% to 27,670.98 Shanghai decreased 9.71 points or -0.30% to 3,260.67 Hang Seng decreased 433.94 points or -2.01% to 21,190.42 ASX 200 decreased 56.60 points or -0.76% to 7,433.70 Kospi decreased 11.79 points or -0.48% to 2,469.73 […]

ASIA:   India’s unemployment rate fell to 7.14% in January, the lowest in four months, from 8.30% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed. The urban unemployment rate declined to 8.55% in January from 10.09% in the previous month, while the rural unemployment rate slipped to 6.48% from […]

ASIA:   China continues to flex its muscles in the gold market after data from the People’s Bank of China shows that it bought more gold in January, the third straight month. China’s central bank bought 15 tonnes of gold last month; this follows 32 tonnes of gold bought in December and 30 tonnes bought […]

ASIA: Taiwan will speed up the development of drones for military use, considering the lessons of the war in Ukraine and the threat posed by China, the island’s defense ministry said on Tuesday. Unmanned aircraft have played a crucial role on both sides since Russia launched a full-scale invasion of Ukraine in February last year. […]

ASIA:   The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again […]

ASIA:   Singapore and Malaysia have agreed to strengthen bilateral cooperation and jointly seize opportunities in the digital economy and green economy, and to work closely on data protection and cyber security. Prime Minister Lee Hsien Loong and Malaysian Prime Minister Anwar Ibrahim witnessed the signing of three agreements covering these fields on Monday, during […]