Asia-Pacific Markets Headlines
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Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November. » Read More |
There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times. » Read More |
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Japan's Nikkei breached the 11,0000 mark briefly as the yen continued to weaken.
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Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
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U.S. Treasurys yields slipped for a third straight session on Monday as buyers took advantage of the lower prices and higher yields produced by a sharp selloff earlier this month. .
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The City watchdog will on Friday fire the starting shot on a dramatic overhaul of key benchmark borrowing rates with a package of proposals designed to restore trust following the recent Libor scandal, the Financial Times reports.
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Hedge funds remain cautious and defensive after largely sitting out the rally in the US stock market since the start of June, contributing to the lowest US stock market trading volumes since 2007, the FT reports.
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What is the weakest link in America’s financial system today? That is not a question many have asked recently. After all, US banks look pretty healthy these days, at least relative to the horrors of eurozone banks. And the unfolding Libor saga has dominated much of the political debate and regulatory attention. The FT reports.
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The world’s top business leaders are using their visit to the London Olympics to raise tough questions about the coalition’s management of Britain’s stagnant economy and the country’s vulnerability to a euro break-up, the Financial Times reports.
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Germany’s finance minister ruled out making more concessions to help Greece, on the eve of talks with U.S. Treasury Secretary Timothy Geithner, who has urged euro zone leaders to act, the FT reports.
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Pork and chicken will join beef on the menu of expensive meats as drought and US ethanol policy combine in a corn “disaster”, the head of the world’s largest pork producer has said. The FT reports.
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Germany’s borrowing costs may be below those of the US – that safest of havens – but that has not spared Berlin from being given a negative outlook by Moody’s, the credit rating agency, the Financial Times reports.
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When Jakarta-based Saratoga Capital sought to raise $400 million for its new private equity fund in recent months, investors generously offered $1.3 billion instead. Brazil has slowed dramatically, China continues to look weak despite interest rate and reserve requirement cuts, India’s growth has fallen to multiyear lows and Russia remains dependent on volatile oil prices for its prosperity.
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News Corp stock is slipping ever so slightly on low volume following the announcement that criminal charges have been brought against eight key figures in the never-ending phone hacking scandal, Yahoo Finance reports.
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This may not be the best time to look for a job, but in China employment prospects seem bright with multinational corporations (MNCs) looking to increase staff even as the global economic uncertainty forces firms across Asia to hold back, says a survey published Tuesday.
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After three months of relentless attention on the economy, Mitt Romney will shift the focus of his campaign this week to foreign policy with a major speech and an overseas trip to three countries, the Financial Times reports.
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Bold plans to sweep away a culture of short-termism in the City, which has been blamed for undermining company performance and reducing investor returns, will prove difficult to enact, some company bosses and asset managers warned. The Financial Times reports.
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Are the bond markets going mad? It is a question that many investors might ask. For as anxiety has erupted in the eurozone, something striking has occurred with respect to US Treasuries and German Bunds.
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As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
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French residents with assets valued above 4 million euros ($4.9 million) will pay more than double what they had expected in wealth taxes this year, after the country’s parliament voted through an emergency measure to raise €2.3bn for the cash-strapped government, the Financial Times reports.
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The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs.
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There are plenty of investors and analysts who are optimistic. After three straight months of outflows, emerging market equity funds tracked by EPFR Global attracted more than $700m of investments in the first two weeks of July, reports the Financail Times.