ASIA: China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into the wider financial sector. State-owned Agricultural Bank of China Ltd. said Thursday it held 660 million yuan of overdue loans […]

ASIA: Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean, and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market associations showed. The emerging Asia bonds were hit by a surge in U.S. yields and a jump in the U.S. […]

  ASIA: China will fare the worst if spiking inflation, slowing growth, and rising interest rates lead to stagflation, according to the results of a stress test of 20,000 companies conducted by credit rating agency, S&P Global Ratings. The company said over 90% of its sample was made up of unrated companies with debt totaling […]

ASIA: Singapore’s economy grew 4.8 percent year-on-year in the second quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (Jul 14). On a quarter-on-quarter seasonally adjusted basis, Singapore’s gross domestic product (GDP) was unchanged in the second quarter after posting an expansion of 0.9 percent in […]

ASIA: China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. On a quarterly basis, GDP is forecast to drop 1.5% in the second quarter, versus growth of 1.3% in January-March, […]

ASIA: India is set to surpass China as the world’s most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth. The world’s population, estimated to reach 8 billion by Nov. 15 this year, could grow […]

ASIA:   The major Asian stock markets had a mixed day today:   NIKKEI 225 increased 295.11 points or 1.11% to 26,812.30   Shanghai decreased 42.49 points or -1.27% to 3,313.58   Hang Seng decreased 601.58 points or -2.77% to 21,124.20   ASX 200 decreased 75.80 points or -1.14% to 6,602.20   Kospi decreased 10.34 […]

QUESTION: Mr. Armstrong, it has become so apparent that sites like _____ always promote gold so they refuse ever to quote you for they are doing the very same thing of creating a cancel culture. It is their commentary or nothing else. I have stopped reading them. Then you said that your computer showed this […]

ASIA: Japan’s household spending posted a surprise drop in May, falling for the third consecutive month as the global chip shortage hurt car sales in a worrying sign for the outlook of the world’s third-largest economy. Households are also facing pressure from the yen’s sharp decline that is pushing up prices of imported fuel and […]

ASIA: Japanese Ambassador to Sri Lanka Mizukoshi Hideaki on Friday said that Japan is ready to support Sri Lanka for its economic program with the International Monetary Fund (IMF) and for the development activities of the country. The President’s Media Division said that during the discussion between the Japanese Ambassador and Sri Lanka President Gotabaya […]