ASIA: Shares of China Evergrande New Energy Vehicle Group Ltd rose 11.1% to HK$3.92 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s electric vehicle (EV) unit said it would issue about 900 million shares, or 8.3% of the enlarged capital, at […]

  ASIA: Recent outbreaks of the Delta variant have prompted travel restrictions and lockdowns in some cities in China, damping economic activities, while Beijing’s tough stance to deleverage the property sector, which contributes 14 percent to China’s gross domestic product (GDP), will further slow growth in the coming months, according to Andrew Fennell, a senior […]

I have direct contact with many pilots at Southwest and they were reporting that weather had nothing to do with the 1,000 flights that were canceled. Now, the airline was forced to back down and unvaccinated employees can remain. Pilots have been concerned that those who were vaccinated developed blood clots and could no longer […]

ASIA: India and Israel agreed to resume talks on a free trade agreement from November, with the aim of signing a deal by mid-2022, both countries said on Monday. Ties between the two countries have grown closer in the seven years since Indian Prime Minister Narendra Modi has been in power. Several strategic military and […]

ASIA: India’s September fuel consumption crawled higher month-on-month as economic activity continued to ramp up, government data showed on Wednesday, but soaring global oil prices could stall a recovery in the world’s third-largest oil importer and consumer. Fuel consumption, a proxy for oil demand, totaled 15.92 million tonnes last month, up slightly from August and […]

ASIA: Goldman Sachs has cut China’s growth forecast to 7.8 percent this year from the previously estimated 8.2 percent as the world’s second largest economy faces “yet another growth shock” in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out […]

QUESTION: Marty, you have said that if they move to a digital currency they think they will eliminate crime. What will happen to the underground economy? BH ANSWER: Since money drives them, it is possible that they might tax it. When the Colosseum was struck by lightning in 217 AD, repairs were expensive, and money […]

ASIA: Goldman Sachs cut China’s growth forecast to 7.8 percent this year from the previously estimated 8.2 percent, as the world’s second largest economy faces “yet another growth shock” in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out into […]

A number of people have asked if I will be doing a report on Canada for this year’s World Economic Conference. The answer is YES. T%his will be included in the reports which are provided to attendees. This year we will be doing the Pawn of Finance and go over the major changes in the […]

ASIA: China released economic data for July that showed slower-than-expected growth as the world’s second-largest economy battled floods and a resurgence of Covid-19. The slowdown was particularly apparent in individual Chinese consumer spending, despite authorities’ efforts to build up consumption as a driver of economic growth. The data showed consumers cut back on spending across […]