Asia

After 16 days in a row without a meaningful decline, Asia trading has opened with USDJPY dumping back from almost 114.00 to 111.50 - the biggest drop since July 29th. The USD Index is down most since Trump's win but for now the moves in equities (Japanese and US) are modest (but down)...

Yen is heavily bid as Asia trading opens

The biggest drop in USDJPY since July...

As the post-Trump surge in the dollar has seemingly stalled...

Japanese equities are getting hit...

This article by David Haggith was first published on The Great Recession Blog: 

Authored by Brahma Chellaney, originally posted at Project Syndicate,

Tensions over water are rising in Asia – and not only because of conflicting maritime claims. While territorial disputes, such as in the South China Sea, attract the most attention – after all, they threaten the safety of sea lanes and freedom of navigation, which affects outside powers as well – the strategic ramifications of competition over transnationally shared freshwater resources are just as ominous.

On Friday, after reading the latest shift in the ever-changing, always fluid OPEC narrative, according to which Saudi Arabia now demands Iranian oil production cuts contrary to the agreement reached at the end of September in Algiers, in which Iran was granted an exemption from the upcoming supply cut negotiation in Vienna on November 30, we were confused:

Wait so the Saudis demand Iran cuts production now after explicitly granting Iran an exemption in Algiers?

— zerohedge (@zerohedge) November 25, 2016

Anthropologists from Russia have discovered that Native Americans originated from Russia approximately twenty thousand years ago.  The latest study conducted by a team of American and Russian scientists found that the descendants of the North American Indians who lived 5,000 years ago are still alive today. Pravdareport.com reports: This conclusion was made by researchers after comparing the DNA of fossils found on the northern coast of British Columbia in Canada and the living people who belong to the first several tribes from this area.