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 […]

Yet another shake-up among Schwab’s leaders. Estonia’s Prime Minister Kaja Kallas stepped down from her role on a technicality before being reappointed a day later. Kallas’ Reform Party reached an agreement with the Social Democrats and Isamaa Party to form a new three-party coalition. Estonia shares a 180-mile border with Russia and has strongly supported […]

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, […]

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 […]

Here is a bit of humor on a Friday. The G7 Summit turned into a middle school playground when world leaders began mocking Russian President Vladimir Putin for taking numerous shirtless photographs. We have all seen the horseback riding photo and others depicting masculine activities, which is no doubt propaganda. Regardless, at a time when […]

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 […]

ASIA: China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday, as authorities lifted a strict COVID lockdown in Shanghai, reviving output and consumer spending. The official manufacturing purchasing managers’ index (PMI) rose to 50.2 in June from 49.6 in May, the National Bureau of Statistics (NBS) […]

ASIA: Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said on Tuesday, adding the two major oil consumers would have incentives to comply. The price-per-barrel cap level had not yet been determined, […]

ASIA: China’s Premier Li Keqiang said that China’s economy has recovered to some extent, but its foundation is not solid. Speaking to state media he further added that China will strive to drive the economy back onto a normal track and bring down the jobless rate as soon as possible. China’s nationwide survey-based jobless rate […]