ASIA: Australia’s top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still “very low” and it was important that higher inflation did not feed into public expectations and wage … Read more
ASIA: The UAE has placed a ban on the export and re-export of all varieties of wheat from India for four months. The resolution applies to all varieties of wheat and wheat flour, which were … Read more
Key Points: The big three inputs to the consumer price index, the most widely followed inflation measure, are food, energy, and shelter. But when it comes to breaking down where CPI inflation really comes from, … Read more
ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per … Read more
ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance … Read more
Senator John Kennedy (R-LA) ripped into the entire Biden Administration for economic mismanagement. “Treasury Secretary Janet Yellen — who was also captain of ‘Team Transitory Inflation’ — announced she’s really sorry but inflation’s not gonna … Read more
ASIA: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China that were put into place by former … Read more
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 290.34 points or 1.04% to 28,234.29 Shanghai increased 22.03 points or 0.68% to 3,263.79 Hang Seng increased 482.92 points or 2.24% … Read more
ASIA: China is moving to spur spending that was depressed by COVID curbs in some of its biggest cities, but piecemeal measures such as vouchers, subsidies for car buyers and digital yuan payments have been … Read more
ASIA: Global markets fell sharply on Monday as fears over rising inflation and a slowdown in China’s export growth fueled worries about the health of the world economy. Analysts said the slowdown showed that the … Read more