In the world, many crazy economic news are happening and economic conditions in some countries are not quite well compared to their economic performances by 2013. There are many reasons that many emerging markets have economic development issues, such as trading war, international barriers, increase of uncertain economic future, and so on.
Today, I will write down some important economic news that I consider they are pretty important for you and your investment preferences.
News
- USA and China are about to sign up a new trade deal. Hedge funds fund to deal-side. World Stock markets also consider the news positively.
-Australia's Westpac Bankig accused of $ 23 million money laundering breaches. (comment: This news shows that black money can corrupt every bank in the world, even if they are in the countries where the law is strong enough. Also black money for some reason has been laundered in the countries having strong economy)
- Hong Kong protest still keeps going for 39 weeks. That protest affects China's economy negatively and China accuses US of interference after passes bills supporting Hong Kong protesters.
-US housing starts rebound; building permits at highest level in over 12 years. The data pointed to strength in the housing market amid lower mortgage rates.
-US weekly jobless claims fell more than expected. The number of Americans filing applications for unemployment benefits fell more than expected last week.
-China bought most of Greece's main port and now it wants to make it the biggest in Europe. Since the Greek financial, Beijing and Athens have deepened their links. Now, China is looking to transform Greece's Piraeus port into the biggest harbor in Europe - making it the mast crucial transit hub for trade between Asia and Europe. The objective is to expand the China's market share in Europe by transforming the harbor into the biggest transit hub. (comment: since trade war, China extends wildly out to the market, enlarging market share in Africa, Europe and Asia, also aggressively increase the number of soldiers.)
-US senator says, "China wants to control the entire world. US must live in reality on trade."
-Saudi Arabia is gradually running out of money. Crown Prince Salman publishes the listing called "Vision 2030", program of economic and social reforms designed to diversify the kingdom's economy and reduce its dependence on oil. (comment: Saudi Arabia in no time reforms its nonsense economic order and establish many various industrial complexes to redress the economic balance. Otherwise, bankruptcy is an inevitable ending. )
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