Thailand’s welcoming casinos tourist
Thailand’s prime minister has supported a move to legalize casinos, aiming to create employment and regulate the illegal gaming sector. Currently, gambling is only allowed at state-run horse races and the lottery, but illegal gambling and soccer betting are common. The legal casino market could attract more tourists to Thailand, giving it competition for Macau,…
Barack Obama and Bill Clinton support fundraiser for Biden reelection
Democratic former presidents Barack Obama and Bill Clinton will support President Joe Biden at a fundraiser in New York, expected to collect over $25 million. The event, moderated by Stephen Colbert, will feature performers Queen Latifah, Lizzo, Ben Platt, Cynthia Erivo, and Lea Michele. Biden’s reelection campaign claims this will be the most successful political…
Dollar rate on Yen reached 34 year high
As the first quarter comes to an end, the US dollar surged against the Swiss franc, Chinese yuan, and Japanese yen, earning warnings from Japanese government officials. The dollar/yen exchange rate reached a 34-year high, topping earlier highs from 2022 that prompted Bank of Japan intervention. The weaker yen was welcomed by Japanese equities as…
China ask Banks to fastened loans approval
Chinese regulators are pressuring banks to approve new loans to cash-strapped private real estate developers more quickly to boost purchaser confidence and potentially damage lenders’ asset quality. The initiative uses the “whitelist” mechanism, Beijing’s most recent support move, to ease the sector’s liquidity pressure and encourage home purchases. Despite repeated proddings from Beijing, leading domestic…
Inflation is in control. Central Banks start to cuts rates
The largest central banks worldwide are beginning to reverse a historic run of rate increases, but the path downward for borrowing costs will differ significantly from the upward trajectory. Banks on both sides of the Atlantic are likely to move with the least amount of frequency and pauses out of concern that extremely low unemployment…
Honduras and China sign diplomatic relationships
Honduras and China have signed a cooperation agreement worth 6.8 billion lempiras ($275.99 million) to improve education infrastructure in the Central American country. This is the first cooperation agreement between the two countries, which established diplomatic relations last year after Honduras abandoned Taiwan ties for mainland China. Both countries are also discussing a free trade…
US Dollar rose 2% this month
The US dollar has emerged as the clear winner of the week’s magical mystery tour of international central banks, with record high Wall Street and global equities receiving a shot across the bow from Apple’s antitrust collapse. The week’s central bank readouts revealed a surprise rate decrease in Switzerland, cuts in Mexico and Brazil, and…
Investors start to buy Japan stocks after FED announcements
Japan’s Nikkei stock average reached a record high on Thursday, while the yen recovered from a four-month low after the US Federal Reserve maintained its easing policy despite strong inflation readings. The Bank of Japan (BOJ) raised interest rates for the first time since 2007 and capping eight years of massive stimulus measures. The BOJ…