ASIA: India’s central bank raised its main lending rate off record lows in a surprise move on Wednesday to contain rising inflation, shocking markets and pushing the benchmark 10-year bond yield to its highest levels in three years. The Reserve Bank of India raised the repo rate – the rate at which it lends to […]

ASIA: China’s central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption. Financing institutions should aim to meet the needs of the real economy, the PBOC said, such as boosting financing for small firms with […]

ASIA: The Japanese yen weakened to more than 130 to the dollar on Thursday for the first time since April 2002, after the Bank of Japan reinforced its commitment to low interest rates despite rising inflation. On Thursday, the bank said it would purchase 10-year Japanese government bonds at a yield of 0.25% every business […]

COMMENT: Dear Martin, So refreshing to see some theory regarding silver other than crazy goldbugs claiming JP Morgan artificially putting down t silver prices for XX years. Still what I find interesting is the weakness of the US stock market. Bonds getting dumped, Precious Metals getting dumped, EM’s getting dumped so everyone is just holding USD […]

ASIA:China supports crisis-hit Sri Lanka’s decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing’s ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on Monday. Sri Lanka last month unilaterally suspended external debt repayments before approaching the IMF for help. China is one of Sri Lanka’s […]

ASIA: A Hong Kong court on Friday increased a jail sentence to five years, in line with a China-imposed national security law, for a student who called for independence from China in posts on the Telegram messaging service. He has been in detention since September 2020, after police raided his flat and found a pepper […]

ASIA: India will provide a subsidy of 609.4 billion rupees ($7.96 billion) for phosphatic and potash-based fertilizers over the coming months to insulate farmers from higher global prices, the government official informed. The subsidy will cover the period to September 2022. India provided a subsidy of 571.5 billion rupees for the previous 12-month period ending […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 313.48 points or -1.17% to 26,386.63 Shanghai increased 71.86 points or 2.49% to 2,958.28 Hang Seng increased 11.65 points or 0.06% to 19,946.36 ASX 200 decreased 56.80 points or -0.78% to 7,261.20 Kospi decreased 29.25 points or -1.10% to 2,639.06 […]

Once upon a time, I use to respect The Economist. I even took the back cover in July 1985 to announce that the Economic Confidence Model was beginning a new 51.6-year Cycle that was a Private Wave that would ultimately peak in 2032. I boldly announced the bottom in gold and the peak in the […]

ASIA: Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives. Thousands of bankers, traders and investors in the financial hub of the world’s […]