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
Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.” The NYT reports.
Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC says Asia will not see a re-run of the financial crisis in 2008. Johanna Chua, Chief Economist of Asia Pacific at Citi, agrees, adding that the region has not totally de-coupled from the West but it is more resilient now.
"The [Indian] economy is on surer footing than it was a couple of months ago,"Taimur Baig, director and chief economist at Deutsche Bank AG told CNBC. But he added "the rupee cost of import is still pretty substantial" and that inflationary pressure on the Indian economy remained leaving the Reserve Bank of India with little room for manoeuvre on economic policy.
China said Tuesday that it would prohibit official banquets from serving shark fin soup, an expensive and popular delicacy blamed for a sharp decline in global shark populations. The NYT reports.
A falling rupee, that has depreciated about 25 percent over the past one year, coupled with red hot inflation at home and skyrocketing airfares is making foreign travel unaffordable for many Indians.
Stephen Chang, Head of Asian Fixed Income at J.P. Morgan Asset Management explains why he thinks the current environment is good for fixed income. He also gives his top picks among Asian currencies.
Michael Dunne, President of Dunne & Company and author of "American Wheel, Chinese Roads" says car manufacturers are building more cars than what's needed in China.
Despite concerns a sluggish U.S. economy could keep people away from showrooms, automakers are reporting stronger than expected June sales.
Positive momentum is building in the Chinese market, although upside may be capped by the upcoming release of earnings and economic data.
Robert E. Diamond Jr., the chief executive of Barclays, told employees on Monday that he was “disappointed and angry” about the bank’s past attempts to manipulate key interest rates to bolster its bottom line.
Bob Diamond is threatening to reveal potentially embarrassing details about Barclays’ dealings with regulators if he comes under fire at a parliamentary hearing on Wednesday over the Libor rate-setting scandal, according to people close to the bank’s chief executive. The FT reports.
The Chinese market may see more narrow range trading ahead of June economic data slated for release next week.
Helen Clark, Administrator, United Nations Development Programme and Former Prime minister of New Zealand said the transition towards a sustainable economy will also stimulate innovation, create new jobs, and boost GDP growth.
Patrick Phillips, CEO of the Urban Land Institute discusses the housing challenges arising in Asia in the face of increasing urbanization.
BMW, the world’s largest luxury automaker, is teaming up with Toyota, Japan’s largest automaker, to focus on the next generation of cars. More specifically they will be developing electric drivetrains, fuel cell technology and finding new ways to make lighter vehicles.
Several global recruitment firms have told CNBC they’ve seen a significant increase recently in the number of European bankers wanting to relocate to Singapore.
The Indonesian stock market has been the worst performer in Southeast Asia this year, owing to recent declines, but Citigroup says it’s time to take advantage of the low valuations, forecasting over 15 percent upside for the country’s equities over the rest of 2012.
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
Sentiment is very fragile in the Chinese market after the seventh down day in a row, wiping out all of 2012’s gains.
Global luxury stocks have surged in the first-half of the year, driven by investor optimism over company earnings, but growing concerns over a further slowdown in global growth, particularly in the world's second-largest consumer of luxury products China, is putting into question whether the gains can be sustained.
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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.