ASIA: A shortage of cash dollars and forward market intervention by the Reserve Bank of India which has pushed onshore 1-year forward premiums to their lowest levels in more than a decade could pressure the … Read more
ASIA: Chinese President Xi Jinping made a rare statement Wednesday about his country’s aims to achieve its economic goals for the year. Investment analysts have cut their forecasts for China’s GDP growth to well below … Read more
ASIA: Some Bank of Japan board members were concerned that excessive currency volatility could disrupt corporate business plans, minutes of the bank’s April meeting showed, highlighting the challenge for policymakers from the yen’s sharp declines. … Read more
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
Never forget – NOT allowing price discovery for a long period of time – then forcing the process onto markets with a “bayonet in the back” – at an ever-accelerating rate – is a virgin-central … 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
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
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