WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.» Read More
Trading, measured by the turnover in Hong Kong and Singapore equities, fell in the first four months of the year on concerns over Europe’s debt crisis and as investors seek alternative investments to stocks after recent corporate scandals and the 2008 global financial crisis.
China’s economy may be on track to grow at its slowest pace in a decade, but there’s a silver lining to this: lower commodity and oil prices may actually benefit the U.S. and Europe, just when they most need it.
The Australian dollar may be at a five-month low as China’s growth slowed and lower interest rates reduced the appeal of the currency, but Aussie bulls aren’t ready to throw in the towel just yet.
Hong Kong, the hottest initial public offering (IPO) market in the world in 2011, has seen a precipitous slowdown in listings because of market uncertainty and low valuations.
The Australian government has promised to return the nation’s budget to a surplus of A$1.5 billion ($1.53 billion) as early as the next financial year, but a ratings agency, an analyst, and the opposition party told CNBC on Wednesday that it may not be easy for it to keep its word.
The euro, which fell to its lowest level in more than three months on Monday after elections in France and Greece saw voters rejecting pro-bailout policies, is likely to drop further, say analysts, unless the new governments continue with austerity measures to reduce their debt burden.
Hundreds died and businesses lost billion in last year's floods, caused in part by overflow from dams filled to hedge against drought. This year, Thailand is testing different prevention measures. The CSM reports.
Developing Asia will maintain its growth momentum over the next couple of years despite weak global demand, according to the Asian Development Bank (ADB), which forecasts growth to ease to 6.9 percent in 2012 from last year’s 7.2 percent before reaccelerating to 7.3 percent in 2013.
Japan’s stock market, one of the biggest laggards in Asia last year, logged its best first-quarter performance in over two decades, and investment strategists say optimism over corporate earnings will drive the country’s stocks even higher as supply chain constraints caused by the Thai floods ease.
Indonesia's recent policy measures, like capping foreign ownership in mines, has not gone down well with investors and the policy uncertainty is going to continue, says one expert as Southeast Asia's largest economy prepares for elections in 2014.
China intends to extend renminbi loans to other Brics nations, in another step towards the internationalization of its currency. The FT reports.
The Japanese economy is headed for a major trauma given its high government debt, ongoing deflation and aging population, says Russell Jones, Global Head of Fixed Income Strategy at Australia's Westpac Institutional Bank.
The Japanese yen, which hit a nine-month low this week, is set to record its sharpest fall in two years on Wednesday, but one currency strategist believes this weakening trend is going to reverse, forecasting dollar-yen to strengthen to 75 over the next three months.
Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout.
As investors chase yields by investing in high growth emerging markets, private equity firm Leopard Capital is looking beyond traditional economic powerhouses like China and India, to less talked about frontier markets including Myanmar, Bangladesh and Cambodia based on their future growth potential.
Japan’s trade deficit surged to a record high in January underscoring the grim outlook for the world’s third largest economy. However, equity strategists believe the weak economic data will compel the Bank of Japan to further expand its asset purchase program, offering a boost to the country’s undervalued stocks.
Singapore is expected to use its Feb 17 budget to help its citizens cope with rising costs through grants and one-time payments, but businesses are set to face new measures making it harder to hire cheap foreign workers.
Japan's economy shrank a bigger-than-expected 0.6 percent in October-December, hurt by slowing global growth, Thai floods and a strong yen, casting doubt about expectations that growth will resume this quarter as Europe's debt crisis clouds the outlook.
Thailand’s economy has the potential to grow at 7 percent in 2012, the country’s Deputy Prime Minister and Finance Minister, Kittirat Na-Ranong, told CNBC Friday. He added that the billions being spent this year on post-flood reconstruction projects would help boost the economy.
Purchasing managers indexes (PMI) for China and India released in the past week, showed that both economies experienced a rebound in the manufacturing and services sectors in December, but according to a number of analysts, it's too premature to call a turning point for the two countries or the broader Asian region.
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