ASIA:   The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]

Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet Yellen. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement […]

Zelensky has sold out Ukraine to JPMorgan and BlackRock. While everyone was distracted with trivial news stories, BlackRock and JPMorgan partnered with the Ukrainian government to “establish a reconstruction bank that will serve as a conduit for public seed capital to fund rebuilding projects.” They are aiming to steer “public steer capital,” government grants that […]

    ASIA:   In April, Japan’s core consumer inflation remained well above the central bank’s 2% target, with a key index reaching a four-decade high after excluding fuel effects. This has led to expectations of adjustments to the country’s massive stimulus plan later this year. Recent data revealed that Japan’s economy, the world’s third […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]

The Republicans and Democrats are refusing to agree on the debt ceiling crisis. The government will be unable to pay its bills and the US will default if an agreement is not reached. Yellen has reached out to every media outlet and large corporation in the US to warn of the “catastrophic” consequences. Of course, […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]

ASIA:   China’s benchmark lending rates have remained unchanged for the ninth consecutive month in May, aligning with market expectations. The decision was influenced by factors such as a weakening yuan and widening yield differentials with the United States, which limited the potential for significant monetary easing. Although recent data indicated a slowdown in the […]

ASIA: The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. As of the end of March, the bank’s outstanding loans to the manufacturing sector exceeded 2.69 trillion yuan ($388.42 billion), according to the bank. Newly-added loans to the manufacturing industry stood at over 390 […]

ASIA:   Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. On a seasonally adjusted month-on-month basis, NODX increased 18.4%, Enterprise Singapore data showed, versus the prior month’s 8.2% decline. Economists had forecast 1.7% growth. The trade […]