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Timothy Wong, Managing Director and Regional Head at DBS Group Research tells CNBC's Cash Flow why the ASEAN markets are the place to be.
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Timothy Wong, Managing Director and Regional Head at DBS Group Research tells CNBC's Cash Flow why the ASEAN markets are the place to be.
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Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.
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*MSCI Asia Pacific ex- Japan edges lower. At 0604 GMT, futures for Euro STOXX 50, Germany's DAX and France's CAC were 0.1 to 0.4 percent lower. U.S. equities had sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
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*MSCI Asia Pacific ex- Japan edges lower. U.S. equities had sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.
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SINGAPORE, May 14- Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning.
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*Australia, Korea cut rates, NZ intervenes. Fears that a global currency war is brewing were fuelled when the Reserve Bank of Australia and Bank of Korea both cut interest rates this week, citing the strength of their currencies as one of the reasons to act.
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*Outsourcing sector defies recession in Portugal. *Global leaders in Portugal, Portuguese firms expand abroad. He earns 700 euros a month, 200 euros more than previously, plus bonuses, and the company covers his rent- a rare perk in Portugal.
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Melco Crown Entertainment earnings missed expectations. David Bain, Sterne Agee, explains why the stock remains his top pick.
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NOTE: Reuters has not verified this story and does not vouch for its accuracy.
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-Globe Telecom Inc holds analysts' briefing on its Q1 financial and operating results, Corporate Showroom, G/F Valero Telepark, 111 Valero Street, Salcedo Village, Makati City, 9:30 a.m.. -First Gen Corp holds annual stockholders' meeting, The Rockwell Tent, Plaza Garden, Rockwell Center, Makati City, 10:00 a.m..
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SAN FRANCISCO, May 7- A bride and four friends who died over the weekend trapped inside a burning limousine on a bridge over San Francisco Bay were formally identified by a coroner on Tuesday, but the cause of their death and of the fire are still under investigation.
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New bride Neriza Fojas, 31, a native of the Philippines, and eight female friends were heading across the San Mateo- Hayward bridge on Saturday night to a party celebrating her recent wedding when the white stretch limousine they were riding in burst into flames. Four other women got out of the car after it stopped on the San Mateo- Hayward bridge and survived.
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Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
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May 7- Three months ending March 31, 2013. Net income 0.66 vs 2.70 Core net income 3.1 vs 2.7 Service revenues 21.4 vs 20.3 NOTE: Globe Telecom Inc. ,the Philippines' second biggest telecommunications firm, is owned by local conglomerate Ayala Corp.
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WASHINGTON, May 6- China is using espionage to acquire technology to fuel its military modernization, the Pentagon said on Monday, for the first time accusing the Chinese of trying to break into U.S. defense computer networks and prompting a firm denial from Beijing.
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JAKARTA, May 7- Veteran U.S. rock band Aerosmith has not explained what security concerns prompted it last week to cancel a near sell-out concert in the Indonesian capital of Jakarta, the show's promoter said on Tuesday. Jakarta was put on high terror alert last week after counter-terrorism police said they had foiled a planned attack on the Myanmar embassy.
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AMSTERDAM, May 7- Koninklijke Boskalis Westminster NV:. installation contract in the Philippines. *Says contract value of approximately USD 60 million.
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MANILA, May 7- The Philippine central bank on Tuesday released preliminary data on gross international reserves at the end of April:. -The central bank expects the country's reserves to climb to $86 billion at the end of 2013, up 2.6 percent from the yearend 2012 level.
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MANILA, May 7- Philippine Long Distance Telephone Co expects its 2013 core net profit to rise 2.7 percent, a pick up from the 4.4 percent drop in 2012, as internet and broadband revenues increase. The company said net income from January to March was 9.2 billion pesos against a revised 9.96 billion pesos in the same year-ago period.
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HONG KONG, May 7- Philippine conglomerate Cosco Capital plans a share offer worth up to $500 million to bolster liquidity and free float after a recent corporate restructuring, IFR reported on Tuesday, citing sources familiar with the deal.