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Market Talk – May 4, 2021 | Armstrong Economics


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ASIA:
China urged the Philippines on Tuesday to observe “basic etiquette,” and eschew megaphone diplomacy after the southeast Asian nation’s foreign minister used an expletive-laced Twitter message to demand that China’s vessels leave disputed waters. In a statement, China’s foreign ministry urged the Philippines to respect the nation’s sovereignty and jurisdiction and stop taking actions that complicate the situation. The Chinese ministry cited Philippine President Rodrigo Duterte that differences between the countries on individual issues should not affect friendship and cooperation.
India and UK announced 1 billion pounds ($1.39 billion) of private-sector investment and committed to seek a free trade deal. Prime Minister Modi and Prime Minister Boris held a virtual meeting to discuss the bilateral talks of two nations. The British government set out 533 million pounds of Indian investment into Britain, including 240 million by the Serum I ....

New York , United States , United Arab Emirates , Hong Kong , United Kingdom , Abuz Aby , New York Stock Exchange , Saudi Arabia , South Korea , Abu Dhabi , Jerome Powell , Janet Yellen , Rodrigo Duterte , June Osps , York Stock Exchange , Confederation Of British Industry , Heating Oil , Federal Reserve , Saudi Aramco , Serum Institute , Abu Dhabi National Oil Co , Philippine President Rodrigo Duterte , Minister Modi , Prime Minister Boris , Rate Decision , British Industry ,

Market Talk – March 3, 2021 | Armstrong Economics


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The Chinese government is set to kick off an annual parliamentary meeting this week for approving national priorities for 2021. The “Two Sessions” parliamentary meeting is slated to begin Thursday with the opening of the Chinese People’s Political Consultative Conference, an advisory body. The National People’s Congress legislature is scheduled to kick off its annual gathering on Friday. Authorities are expected to lay out details on topics ranging from employment targets to management of the semi-autonomous region of Hong Kong.
India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, Reuters reported. Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 ele ....

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Squatters in Spain: why Tories must defend property rights


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Since the Conservative Government launched its attack on landlords in 2015,  there has scarcely been any let-up in the onslaught. Indeed, a doubling of Capital Gains Tax in the Budget is mooted – potentially costing many landlords tens or hundreds of thousands more in tax. Following on from the anti-landlord measures during the pandemic, it is hard to see how things could have been worse under a Corbyn-McDonnell government. However, if one looks at Spain’s governmental support for squatting in Spain, one can get an inkling of how bad it can get.
Spain is undoubtedly the squatting capital of Europe and property rights are under existential threat there. Spanish property owners whose properties have been squatted and others who have squats in their locality have told me they feel they are fighting a losing battle against people who have gained control of property they do not legally own. These problems are getting worse with the current Left ....

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