“According to reports, the intensity of the capital flows have forced Hong Kong banks to suspend vacations for staff, with branches of HSBC stepping up operations to open seven days a week.”
Capital flight is toward Asia, with US and Swiss outflows.
Unprecedented.
As a miner for 40 years I have worked in various mines around the world. Gold, platinum, copper, coal, lead, zinc, oil and salt. I'm going to tell you something, and here it is. We will destroy the earth in the name of "Green Energy" Follow along and I will explain. 🧵
Indians predate 'Newton Discovery' by 250 years
Kerala School discovered 'Infinite Calculus', 'Pi' to 17th decimal in about 1350 ce.
The evidence suggests that this knowledge passed to jesuit missionaries in the 15th century and finally Newton.
https://t.co/8sqKN9J1mN
#DidYouKnow? Indians' preference for how they save money has seen a churn in recent years.
At the beginning of 2018, the 3 most preferred ways of
savings included life insurance, FDs and PF.
By Oct 2022, life insurance, chit funds & PF were the most preferred modes.
@akki_bauer22_ US literally can print any amount of money they want. But in today times when inflation and interest rates are high, it's going to cost them a lot.
One more thing is that current US govt somehow doesn't want inflation to come down.
Russia offers India "leasing and building large-capacity ships" as insurance on Russian oil carrying goes way amid G7 price cap on Russian Energy. Offer given during meet betwn Russian Deputy PM Noval & @IndEmbMoscow@AmbKapoor Indian amb Pavan Kapoor on Friday:
As promised, here is a thread on why India will need more investment - specifically foreign inflows.
We all know that India has a lot of people (1.4bn) but not enough capital to allow people to be full-employed or raise productivity.
The good news? The gov wants to change that
@ak30762@vaimaniki@EkNashwar Two things
The international banking units are not fully operational and there are restrictions
Gift City is not a tax heaven, govt's main aim to give concessions only certain types of businesses with legal sources
Its not going to act a tax heaven, more like Hong Kong of India
Okay, let's go. As you know, interest rates are rising. And the question you have when costs of funds go up is, well, can you stomach it?
That depends on a few factors, such as nominal growth, which should be higher than costs of funds and leverage.
Shall we look at leverage??
Flash: Have made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees, says India Govt statement issued by commerce ministry
#TataGroup's #iPhone parts plant in Hosur, Tamil Nadu, will hire 45,000 women workers within 2 years as it sets up new production lines.
https://t.co/Bh8NHrezMt