Latest News: GCG Asia Forex News Roundup 2

Finance and Forex Trading Headlines Highlights by GCG Asia Latest news 

GCG Asia latest news team is back to provide you with an overview of forex and financial news and events from across the globe. If you’ve never been to Jom Kita Forex before, then welcome to GCG’s official website. Here we’re all about latest updates from the world of forex, investments and finance.

Below is a regular summary of legit forex news and happenings from around the world brought to you by the GCG Asia News team. The GCG Asia News team offices in Malaysia, Singapore and Indonesia keep you up to date on the latest news in forex and finance from around the world. Let’s get started: 

• GCG Asia latest news team notes that Spot Shines On in Canadian Dollar Despite the fact that traders have exposed short-term event risks in the options market, the inverted form of the currency’s volatility curve indicates that they are confident in the view that peace and quiet will reign. However, although the background remains favourable for the unedifying spectacle, forex traders would need to be alert in the event that worries such as variation risks and lacklustre economic data reappear, further reducing the forecast for economic growth. However, for the time being, the options market and cash holdings indicate confidence, with changes in the terms of trade distinguishing between the competing interests. GCG Asia latest news team will be keeping a close eye on this story.  

• GCG Asia Latest News moves on to China. China’s Gross Domestic Product (GDP) In the April-to-June quarter, China’s gross domestic product (GDP) growth fell to 7.9 percent year on year after reaching a peak of 18.3 percent in the previous three months, marking a stop to the country’s recovery from the COVID-19 epidemic. A sluggish 1.3 percent growth rate was recorded in the world’s second-largest economy in the second quarter, indicating uneven recovery across different economic sectors. GCG Asia latest news  thinks that the goals must be to deepen structural change, stimulate domestic demand, and actively support companies in order to keep growth within a fair range of expectations.

• GCG Asia latest news turns to Singapore where Singapore’s (GIC) is relying increasingly on private markets As returns increase, the Government Investment Corporation of Singapore (GIC) is relying increasingly on private markets.The investor said on Friday that, after taking into account worldwide inflation, its portfolio had generated an annualised  rate of return of 4.3 percent during a 20-year period that concluded on March 31 this year, according to the investor’s website. “Because of the dot-com crash’s impact on returns in 2001, the rolling off of a year of low returns combined with a strong recovery in risk assets over the previous year has made a significant contribution to this year’s 20-year return,” notes Ally from GCG Asia latest news team. 

• Beijing’s Second Crackdown made headlines recently. Surprise actions by Chinese authorities against swaths of the nation’s private sector have roiled the nation’s stock markets for many weeks now, and have prompted some serious consideration of whether the country needs a whole new basis for better policy. “The rapidity with which Beijing moves sets it apart from other countries. Significant policy changes are prevented by democracy’s built-in brakes, which necessitate public debate and, at times, costly political negotiation,” notes Albert from GCG Asia latest news. While China’s approach allows for efficient and fast implementation, it also has the potential to erode public trust in the laws of the game. Furthermore, a disproportionately strong hand may be detrimental to the objectives of China observes the GCG Asia latest news team. 

• Political Motive Behind China’s Crackdown on Its Tech Giants? China’s largest corporations have gotten to where they are now with at least implicit backing from the government, which has taken a largely hands-off attitude toward the internet, e-commerce, and digital-finance sectors in recent years. A set of regulations to limit exploitative activities throughout the whole internet landscape was then written, revised, and approved in less than three months. A record $2.8 billion punishment was imposed on Alibaba in April for suspected monopolistic practices, and the company was forced to make a slew of “rectifications” to the way it does business. As is usually the case, China’s authorities have revealed almost nothing about their underlying objectives, limiting themselves. Citigroup is betting on a methodical strategy to dealing with China. on broad statements about safeguarding consumers and preserving financial stability, among other things. GCG Asia Latest News  analysts have put forward a variety of hypotheses, including the following: regulators may simply be exercising their oversight authority, or officials may have been irritated with the swagger of internet billionaires and wished to serve them a lesson. 

• Citigroup’s strategy to deal with China Chinese financial markets are opening up, and U.S. banks from Goldman Sachs to JP Morgan Chase are rushing to expand their operations in the country. However, the head of Citigroup’s regional operations in China says his company will grab its prospects carefully rather than getting caught up in the rush.The finance industry is one where if you do something because someone else has done it before you, you will be out of business 90% of the time during the following term GCG Asia latest news says. If you want to be recognised as a unique company, you must be utterly clear regarding what you can provide and proceed with caution at every step. Long-term success is dependent on maintaining consistent discipline in this area. 

• Myanmar’s economy has seen an 18 percent yearly contraction The World Bank recognised that the pandemic would have significant additional economic effects and will pose an immediate danger to people’s livelihoods that may continue “far into 2022,” citing the “depth and length “reports of previous economic shocks. GCG Asia latest news reports that according to the study, an 18 percent economic decline in 2020 would exacerbate poor growth as a result of previous COVID-19 waves. The country’s economy would be about 30% lower than it were in the case of COVID-19 and the military coup, according to the World Bank. GCG Asia latest news team thinks that there are detrimental consequences for lives, livelihoods, poverty, and future growth. GCG Asia latest news team notes that moreover, the study said that consumer demand has collapsed as a result of decreased mobility, lower wages and employment, logistics and transportation limitations, a drop in capital funding and new factory orders, as well as a fall in new factory orders since February 1. As a result of the Civil Disobedience Movement and related worker strikes that erupted as a form of protest against the coup, critical health, education, and economic services have been interrupted.

That’s all for this round of news headlines from Asia and around the world by GCG Asia Latest News team. Don’t forget to follow the official website for latest news and more updates on forex trading, investments and finance.