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Asia Economy

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  • *Beijing tells banks to lend more to real economy. SHANGHAI, April 23- Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts. We're only using 70 percent of our current factory capacity in the first place, "said Lou...

  • HONG KONG/ SHANGHAI, April 23- China is relying more on traditional monetary instruments such as banks' reserve requirements to help the economy rather than pushing for a weaker yuan, indicating a policy approach that is perceived as a positive for the currency by the market. A steady yuan mutes foreign criticism of China's currency policy as Beijing positions...

  • Survey: China factory activity slips again to 1-year low Wednesday, 22 Apr 2015 | 10:18 PM ET

    HONG KONG— China's manufacturing deteriorated again in April to its lowest point in a year, in a fresh sign that growth is faltering in the world's second biggest economy. The latest numbers signal that policymakers in Beijing will face further pressure to prevent a sharper slowdown as China's economic growth sputters. China's growth cooled in the first...

  • Hang Seng at 32,000? Citi says very likely   Wednesday, 22 Apr 2015 | 9:13 PM ET
    Hang Seng at 32,000? Citi says very likely

    Ken Peng, Asia investment strategist at Citi, explains why the bank's new target for the Hang Seng index at 32,000 isn't far-fetched and outlines the sectors he likes.

  • SGX: Trade link with Taiwan in the works   Wednesday, 22 Apr 2015 | 8:14 PM ET
    SGX: Trade link with Taiwan in the works

    Muthukrishnan Ramaswami, president of the Singapore Exchange, explains why the stock operator is keen to launch a cross-border trading platform with Taiwan.

  • Asia is in a 'crazy bull market': Barings   Wednesday, 22 Apr 2015 | 8:07 PM ET
    Asia is in a 'crazy bull market': Barings

    Amid the rally sparked partly by the launch of Chinese stimulus, some markets in Asia are on their way into bubble territory, says Khiem Do, head of Asian Multi-Asset at Baring Asset Management.

  • DIARY- Emerging Markets Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:02 PM ET

    CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting. MOSCOW- Central Bank of Russia announces interest rate decision- 1000 GMT.

  • Visa, Mastercard may crack China's $7T(!) market Wednesday, 22 Apr 2015 | 1:57 PM ET
    The China UnionPay logo is displayed outside a restaurant in Beijing.

    China will open up its $6.84 trillion market for domestic bank card transactions.

  • TOKYO, April 22- The Bank of Japan is expected to hold off on expanding monetary stimulus at next week's rate review even though the central bank is likely to trim its inflation forecast for this fiscal year, said sources familiar with its thinking. In a twice-yearly review of its forecasts on April 30, the BOJ is seen slightly downgrading its core consumer...

  • TOKYO— Japan posted its first monthly trade surplus in nearly three years in March thanks to falling import costs from cheaper oil prices, along with a modest recovery in exports. Oil prices already have begun to recover from the trough of below $50 they hit earlier this year and have yet to be reflected in Japan's imports. Based on preliminary data for October to...

  • China, brace for more defaults this year: UBS   Tuesday, 21 Apr 2015 | 11:22 PM ET
    China, brace for more defaults this year: UBS

    Kelvin Tay, MD & Regional CIO, Southern APAC at UBS Wealth Management, says Kaisa's dollar bond default is symptomatic with what will likely happen in China throughout 2015.

  • China Yintai takes retail challenges by the chin   Tuesday, 21 Apr 2015 | 9:15 PM ET
    China Yintai takes retail challenges by the chin

    Shen Guojun, chairman of Yintai Holdings, outlines the concerns over China's retail sector, such as slower high-end consumption and a rising number of Chinese preferring to make purchases overseas.

  • Behind Nikkei's rise above 20,000 milestone   Tuesday, 21 Apr 2015 | 9:05 PM ET
    Behind Nikkei's rise above 20,000 milestone

    Mark Tinker, head of AXA Framlington Asia, explains what's underpinning the buoyant sentiment in Japan after the Nikkei 225 breached the 20,000-point mark on Wednesday.

  • TOKYO— Japan posted its first monthly trade surplus in nearly three years in March thanks to falling import costs from cheaper oil prices, along with a modest recovery in exports. Oil prices already have begun to recover from the trough of below $50 they hit earlier this year and have yet to be reflected in Japan's imports. Based on preliminary data for October to...

  • Why adjustments in China's growth are 'reasonable'   Tuesday, 21 Apr 2015 | 8:23 PM ET
    Why adjustments in China's growth are 'reasonable'

    Comparing China's economy to a human body, Liu Yonghao, chairman of New Hope Group, says rapid growth is expected when young, but even if a person stops growing at middle age, it doesn't mean he is unhealthy.

  • If BOJ alters inflation goal, what it means?   Tuesday, 21 Apr 2015 | 8:08 PM ET
    If BOJ alters inflation goal, what it means?

    If reports about the Bank of Japan planning to lower its inflation outlook are true, the yen could fall to 130-140 in the future, says Peter Boardman, managing director of Tradewinds.

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • *Banks to lend $100 bln for "technological renovation" in Hebei. BEIJING, April 22- Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. "Hebei is enjoying favorable...

  • BALI, Indonesia— Indonesian court sentences American man to 18 years in jail for murdering girlfriend's mother.

  • Trade Representative Michael Froman and Japan's economy minister, Akira Amari, held talks that dragged into the pre-dawn hours but were unable to reach an accord on increased exports of U.S. rice to Japan and of Japanese autos and auto parts to the U.S. The talks between Japan and the U.S. are part of negotiations among 12 nations participating in the U.S.-led...

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