Property plays are near and dear to Singapore's heart, but one manager doesn't think the city-state is particularly friendly to real-estate investors.» Read More
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
The United States should not extend Bush-era tax cuts for the wealthiest Americans even as the so-called ‘fiscal cliff’ looms because it will perpetuate income inequality, says Larry Summers, former U.S. Treasury Secretary. Instead, these revenues should go towards strengthening public education and ensuring that low-income students are presented with equal opportunities as their wealthy counterparts so that they can participate in the economy.
Las Vegas casino mogul Sheldon Adelson was in a buoyant mood on a visit to his new project in Macau three months ago. The 5,800-room Sands Cotai Central, scheduled for completion next year, had already cost $4.4billion by then – “but who’s counting?” he said. The FT reports.
China will cut taxes on the profits that foreign companies take out of the country by up to 50 percent after rules on withholding taxes were relaxed to encourage more overseas investment. The FT reports.
Attention turns to earnings after last week's June data showed the Chinese economy slowed in line with expectations.
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."
The pre-requisites for Peru to establish a $10 billion sovereign wealth fund are in place but the mineral rich country wants to see stabilization in global commodity markets before it can finalize its plans, Luis Miguel Castilla, Peru's Finance Minister told CNBC on Friday.
Dentsu dropped 6.3 percent to 2,162 yen as investors judged its purchase of British marketing group Aegis for 3.2 billion pounds ($5 billion) as overpriced.
Vasu Menon, Vice-President, Wealth Management Singapore at OCBC says that China bank lending is picking up and that that will spur growth.
Frederic Neumann, Managing Director & Co-Head of Asian Economics Research at HSBC says that China needs to support investment as the country's GDP growth continues to decelerate.
The Chinese economy is still strong despite fears about a hard-landing, Steven Rattner , Chairman of Willets Advisors, told CNBC’s “Closing Bell” on Thursday.
The market is naïve to expect a big stimulus boost in China, Adrian Mowat, JPMorgan’s chief Asian and emerging market equity strategist, told CNBC’s “Squawk on the Street” Thursday.
The Trans-Pacific Partnership will provide a boost of confidence to the seesawing global economy, create more jobs, and speed access to lucrative markets for American goods and services, says FedEx exec Michael Ducker.
Dentsu’s takeover of the digital communications agency Aegis would create a “compelling combination” of two companies looking to expand globally, Jerry Buhlmann, CEO of Aegis Group told CNBC.
Regulators are examining JPMorgan Chase’s sales tactics, after claims that the nation’s largest bank pushed its own mutual funds over competitors’ investments.
Merrill Lynch has added its voice to the chorus of gold bulls who have been predicting that bullion will hit $2000 an ounce.
Myron Brilliant, SVP, International Affairs at U.S. Chamber of Commerce says that easing sanctions on Myanmar is good for U.S. firms and that more sanctions will be lifted in due course.
There are some countries where you can be 100 percent certain that you don’t have to pay income tax. Find out where.
Trading in China is likely to be subdued on Thursday, ahead of the release of key economic data on Friday.
In a country where reportedly a quarter of the population lives in poverty and 70 percent live without electricity, a bubble sounds like an odd way to describe what is happening in a part of Myanmar. If the ultimate trophies for international investors are the nation’s rich resources, such as natural gas, tungsten and gems, let’s just call it a gold rush.
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While the venture with Tesco will weigh on its profits in the near term, China Resources Enterprise will gain expertise from the partnership, says Charles Yan, Head of Greater China Consumer Research at Standard Chartered Bank.
Adithep Vanabriksha, CIO at Aberdeen Asset Management, discusses the initial public offering market in Thailand which is heating up with 30 companies and trusts waiting to be listed.
Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, says Asian currencies are more likely to depreciate in an "orderly way" that won't disrupt the region when the Fed raises rates.