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August 5, 2022
ASIA: China continued military exercises near Taiwan and flew drones near Japan on Friday, escalating cross-strait tensions that have threatened to boil over since Taipei welcomed US House Speaker Nancy Pelosi for a historic visit. Taiwan’s defense ministry said Chinese warships and aircraft continued exercises in the waters around the island, adding that Chinese People’s […]
August 4, 2022
ASIA: Growth in India’s dominant services sector slowed sharply in July, weighed down by high inflationary pressures and weaker demand, leading to a further decline in business expectations, a private survey showed. The S&P Global India Services purchasing managers’ index fell to 55.5 in July from 59.2 in June, the lowest since March and below […]
August 3, 2022
ASIA: China announced on Tuesday that its People’s Liberation Army (PLA) would launch a series of targeted military operations on the island in response to House Speaker Nancy Pelosi’s visit to Taiwan and its resolute defense of national sovereignty and territorial integrity. The announcement came shortly after Pelosi landed in Taiwan, the first time in […]
August 2, 2022
ASIA: Factory activity in India grew at the fastest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed. The survey results suggest that India’s economy has remained resilient, at least for now, despite […]
August 1, 2022
ASIA: China’s manufacturing PMI fell to 50.4 in July from 51.7 the previous month, according to media reports on August 1. That was below market analysts’ expectations of 51.5 for July, but above the 50-point index that separates growth from decline, they added. . Market analysts said the decline was a result of weakening economic […]
July 29, 2022
ASIA: Japan’s central bank forecast inflation would exceed its target this year in new forecasts on Thursday but kept interest rates ultra-low, signaling its determination to remain an outlier in a wave of global central bank policy tightening. BOJ Governor Haruhiko Kuroda brushed off the chance of policy tightening in the near future, saying he […]
July 28, 2022
ASIA: An iPhone manufacturing plant in the southern Chinese city of Shenzhen is being forced into a seven-day “closed-loop” lockdown by Chinese authorities, along with 100 other companies, to limit COVID-19 infections, Bloomberg reported. The “closed loop” system will mean that only employees who live on site will be able to work, blocking outside access […]
July 27, 2022
ASIA: Singapore’s sovereign wealth fund GIC reported steady returns for the year but warned of “deep uncertainties” as investors face concerns over inflation, pandemic risks and geopolitical challenges. The fund’s portfolio posted an annualized nominal dollar return of 7% over the 20-year period ending March 31, 2022, GIC said in its annual report released on […]
July 26, 2022
ASIA: Ant Group executives are no longer part of Alibaba Partnership, a body that can nominate the majority of the e-commerce giant’s board, Alibaba’s annual report released on Tuesday showed. as both companies parted ways after China’s sweeping regulatory crackdown. The terms now allow only Alibaba employees to be part of the partnership. Seven Ant […]
July 26, 2022
There is a common misconception that the United States has the highest rate of inflation in the world. I see it questioned in numerous emails The United States does have a major problem when it comes to inflation, but its currency has not depreciated to the point where it is weak. Let us compare data […]