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Forex markets

Zhongzhi latest casualty of China’s deepening debt and property crisis

by Walter Watson
Zhongzhi latest casualty of China’s deepening debt and property crisis

HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. CFOTO | Future Publishing | …

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Five reasons why India stocks are rallying and could keep going

by Walter Watson
Five reasons why India stocks are rallying and could keep going

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s …

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India overtakes Hong Kong to become world’s seventh largest stock market

by Walter Watson
India overtakes Hong Kong to become world’s seventh largest stock market

A security guard walks past the National Stock Exchange of India building in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s stock market value has overtaken Hong Kong’s …

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China banks, Hong Kong, local govt financing vehicles

by Walter Watson
China banks, Hong Kong, local govt financing vehicles

A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China. VCG | Getty Images Moody’s Investors Service cut its outlook …

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Fed should cut rates at least 5 times next year, portfolio manager says

by Walter Watson
Fed should cut rates at least 5 times next year, portfolio manager says

The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. Gambles, …

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Turkey’s central bank hikes interest rate by 500 basis points to 40%

by Walter Watson
Turkey’s central bank hikes interest rate by 500 basis points to 40%

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on …

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Thailand’s economy is slowing, and it could mean trouble

by Ron Morgan
Thailand’s economy is slowing, and it could mean trouble

Residents rest in front of a fan in Bangkok, April 25, 2023. Andre Malerba | Bloomberg | Getty Images Thailand’s economy grew at its slowest pace in almost a year …

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Bank of Japan should shun ultra-loose policy to prop yen, Deutsche Bank says

by Walter Watson
Bank of Japan should shun ultra-loose policy to prop yen, Deutsche Bank says

A 1000 yen note on a tray at a souvenir shop in Hakone, Japan, on Tuesday, Nov. 22, 2022. SeongJoon Cho | Bloomberg | Getty Images Among major central banks, …

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Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

by Walter Watson
Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting …

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The worst may be over for China, says former FTSE chief

by Walter Watson
The worst may be over for China, says former FTSE chief

Photo taken on Aug. 19, 2021 shows a stock market trend, Shiyan, Hubei Province, China. Costfoto | Barcroft Media | Getty Images China may continue to see some market volatility …

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