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Market Talk – March 16, 2023 | Armstrong Economics

ASIA: Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced COVID-19 lockdowns, while profit ballooned in the Americas, the fashion retailer's annual report showed on Thursday. Inditex, the world's biggest fashion retailer, reported record annual sales on Wednesday. It has been expanding in the
United States New Zealand Hong Kong Narendra Modi Rodney Mcmullen Defence Acquisition Council

Market Talk – February 2, 2023 | Armstrong Economics

ASIA: The IMF has warned that an abrupt change in Japan’s ultra-loose monetary regime would have “meaningful spillover” effects on global financial markets, underscoring the need for the Bank of Japan to clearly communicate about its future policy. IMF’s first deputy managing director Gita Gopinath called on BoJ to take a flexible approach to
United States New Zealand Hong Kong United Kingdom South Korea Gita Gopinath

Market Talk – December 15, 2022 | Armstrong Economics

ASIA: Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options
United States United Kingdom New Zealand Jerome Powell Morgan Stanley International Monetary Fund

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