Month: May 2020

Liquidity is the excuse not to understand anything.

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https://twitter.com/Techs_Global/status/1266048279315451905 BLACKROCK'S LARRY FINK SAYS MARKETS ARE ASSUMING A LOT OF GOOD NEWS AT THIS MOMENT — *Walter Bloomberg (@DeItaone) May 27, 2020 https://twitter.com/MacroTechnicals/status/1266049478076874753 #recession … US #Corporate #Earnings edition https://t.co/msy2bFPLoL — Invariant Perspective (@InvariantPersp1) May 28, 2020 Investors’ appetite for junk bonds is growing as retail funds are expected to add about $6 billion … Read more

Is Hong Kong really over as a financial centre?

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by Shaun Richards Today I thought I would take a slightly different tack and look at a potential shift in world financial markets. It concerns a place that for many years has had an economic party based on “location, location, location” as Hong Kong has been a sort of add-on to China. We have previously … Read more

Russia Ready To Boost Production As Soon As OPEC+ Deal Ends

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By Tsvetana Paraskova Russia’s government approved on Tuesday a plan to have new oil wells drilled this year and next for 2022 production, the office of First Deputy Prime Minister Andrey Belousov said in a statement. A Russian government commission backs the proposals of the energy and finance ministries to create a ‘fund of uncompleted wells’ with … Read more

China removes phrase ‘peaceful reunification’ from Taiwan document

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Beijing has removed two keys words from an annual government report. And it could spell trouble for tens of millions of citizens. Beijing has removed references to “peaceful reunification” with Taiwan from its annual work report, signalling the country will take a stronger stance against the island territory. The past six work reports since President … Read more