Saudi’s Veiled Warning About Crude Oil a Hollow Threat?

Saudi Arabia says it will retaliate against any punitive measures tied to the disappearance of Washington Post columnist Jamal Khashoggi with even “stronger ones.” For many, that means the world’s biggest oil exporter is threatening to hold back on selling crude, creating a global supply shortage and sending prices skyward when the global economy is…

We are in the 7th inning of the current economic cycle – Ray Dalio

Ray Dalio, the billionaire founder of the world’s biggest hedge fund, told CNBC on Tuesday that the current economic cycle is in the seventh inning, predicting it has about two years left to run. To help keep the economy and stocks moving forward, the Federal Reserve should not increase interest rates faster than the market…

How Australian Banks Became the World’s Biggest Property Addicts

Australia is riding out a huge gamble on property. The bet: 27 years of recession-free economic growth—during which Sydney home prices surged fivefold—would continue unabated and allow borrowers to keep servicing their debt. The gamble has turned dicey. Tighter lending rules are deterring investors, and lofty prices are starting to deflate. A banking probe is…

Nightmare on China’s Wall Street

The nightmare on China’s wall street is returning, three years after China’s last futile attempt to save its stock market. On Tuesday, 1,023 companies fell by the daily 10 percent limit amid concerns over escalating trade conflict with the U.S. Already among the worst performers in Asia this year, the benchmark Shanghai Composite Index plunged…

The Oncoming Burst of the China Credit Bubble

History has proven that credit bubbles always burst. China by far is the biggest credit bubble in the world today. We lay out the proof herein. There are many indicators signaling that the bursting of the China credit bubble is imminent, which we also enumerate. The bursting of the China credit bubble poses tremendous risk…

Eurozone inflation returns to zero

Inflation in the eurozone returned to zero in October from September’s -0.1%. Price growth in food, alcohol and tobacco increased slightly, while energy prices were still considerably lower than last year, according to Eurostat estimates. The statistics agency also estimated the unemployment rate in the 19 countries that use the euro was 10.8% in September,…

Short of Workers and Consumers, China Abandons One Child Policy

China ended one of the most ambitious demographic experiments in human history, abandoning the limit of one child for most families to foster the population growth required by the world’s second-biggest economy. Introduced by Deng Xiaoping in 1979 to husband a then-impoverished nation’s scarce resources, the baby limit now threatens to undermine growth: the working-age…

A Made-in-China Diwali

China surely knows how to make its presence felt in Indian markets, and Diwali is no exception. Cashing in on Indians’ attraction to anything that is cheap, Chinese products as Diwali gifts have seen a surge in demand by 45%, according to a survey undertaken by the Associated Chamber of Commerce and Industry (ASSOCHAM). Consumers…

‘Muhurat’ Trading on Bourses to be for 75 Minutes this Diwali

The “muhurat” trading session will be conducted for 75 minutes on the Diwali day, November 13, on leading bourses NSE and BSE. The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar,…

Convention on Avoidance of Double Taxation Amended by India and UK

India and the United Kingdom (UK) have made amendments to the convention on avoidance of double taxation, by signing a protocol. The pact will streamline the provisions on partnerships and dividends, besides enhancing the information flow between tax authorities of the two countries. The pact was signed by Mr Jaimini Bhagwati, High Commissioner of India…

NSE Chief to Head World Federation of Exchanges (WFE)

Ravi Narain, managing director and chief executive officer (CEO) of the National Stock Exchange, is set to take charge as chairman of the working committee of the World Federation of Exchanges (WFE).  At its annual meeting in Taipei, WFE elected Andreas Preuss, Deutsche Börse AG’s deputy CEO, as WFE chairman. Thomas A Kloet, chief executive…

NRIs Beat FDI, Keep the Money Coming

Remittances or private money transfers from non-resident Indians (NRIs) have been rising steadily despite a slowdown of the global economy and have become a more reliable source of funds for many Indian families compared with the tangible volume and benefits of foreign direct investment (FDI). Official data for the past three years show that while…