Hong Kong stock market sees uncertain future as China grows
Under Chinese rule, Hong Kong’s stock market has more than tripled. That’s still below Shanghai. Hong Kong’s benchmark stock index has earned a total return of more than 230 percent since delivery in July 1997. That compares with 320% of the Shanghai Composite Index and 580% of the S&P 500 Index in the United States. […]
IMF says Sri Lanka deal moves forward and needs guarantees from creditors
IMF says Sri Lanka deal moves forward and needs guarantees from creditors. The International Monetary Fund says, “Significant progress” has been made toward an aid program for Sri Lanka. It requires restoring debt sustainability and financing guarantees from the country’s creditors. It also requires “far-reaching” fiscal reforms. “Monetary, fiscal and other actions by the authorities […]
Virtual Currency is the “largest Ponzi Scheme in Human History”
The chairman of China’s Blockchain Services Network Development Alliance (BSN), Shan Zhiguang insisted. He and his colleague insisted in a recently published op-ed that virtual currency is “the largest Ponzi scheme in human history”. However, they have said that the “value of blockchain technology must not be ignored because of virtual currency.” Opinion piece claims […]
India’s Currency Dove urges slow hikes as rates approach neutrality
A dove of Indian monetary policy signals. It is time to abandon the aggressive pace of increases in borrowing costs. It says the inflation-adjusted real interest rate is approaching neutral ground. As a result, it will reach a level where it can help control inflation without stifling economic growth. Sticking to larger increases instead carries […]
Asia’s inflation buffers weaken
Today we look at how Asia’s anti-inflationary defenses are weakening. What big central banks are doing this week? And how are global imbalances widening? The worst to come Many Asian economies have managed to protect their citizens. The protection is from rising energy and food prices that are sweeping the global economy. The global economy […]
Binance launches new platform for VIP and Institutional Crypto investors
Global cryptocurrency exchange Binance on Thursday. Global cryptocurrency exchange announced the launch of “Binance Institutional”. Binance Institutional is a new platform for VIP and institutional cryptocurrency investors. It’s one of Binance’s efforts “to improve its institutional offerings and services”. It says by the exchange. Binance Institutional’s services are designed for all types of institutions, as […]
Indonesia says Foxconn could invest in projects for the new capital
Indonesia said Foxconn Technology Group is considering investing in the country’s new capital. This move would bolster the $34 billion construction project. The Taiwanese company is considering establishment. They established an electric bus system and an Internet of Things network in Nusantara. Investment Minister Bahlil Lahadalia said in a statement on Sunday. Young Liu is […]
The new Lime Gen4 electric rental bike
Move Electric has already had the first trip on the new electric rental bike that features improved motor power and gears. Ride-sharing firm Lime has started launching its latest Gen4 e-bikes. Gen4 e-bikes have improved engine power and new two-speed automatic gears. In London, Move Electric has already had the first ride. The new rental […]
Three Charts show problems for Indian Stocks approaching a bear market
The rising inflation and the end of easy-money global policies cause Indian stocks to spiral down from all-time highs. This pain is unlikely to end anytime soon. The S&P BSE Sensex index has fallen more than 15% since its October high. It is approaching the 20% loss denoting a bear market. The sell-off comes due […]
IMF warns of risks of slowing Covid vaccination rates in China
The International Monetary Fund (IMF) called on China. The call is to speed up its coronavirus vaccination program. IMF gives a warning that the sharp slowdown in the pace of new doses administered. As a result, this administration could undermine the recovery in consumer spending in the economy. At the current rate, providing three doses […]