Indonesian President Joko Widodo failed to finalize his cabinet after the country's anti-corruption agency rejected eight candidates.» Read More
The U.S. Federal Reserve is widely expected to announce a third round of quantitative easing (QE3) later Thursday, but it is unlikely to result in huge capital inflows into Asia, the Bank of Thailand’s Governor Prasarn Trairatvorakul told CNBC.
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.
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The big challenge at Ford remains the mounting losses in Europe. They're already more than $500 million this year and could eventually reach $1.5 billion this year.
The rally in the dollar overnight following upbeat U.S. economic news may well mark the start of something currency strategists say they have not seen for some time – the dollar’s direction being driven by the prospects for the economy rather than just risk appetite.
The carefully staged political pageant that will play out next month in Beijing is not something that Jiang Wenhai, the 40-year old Communist party secretary of Silver Dragon village, spends a great deal of time thinking about. The FT reports.
After three years filled with recalls, limited supply, and a much needed redesign, the Toyota Camry has become the top selling vehicle in the U.S. Experian Automotive analyzed new vehicle registrations during the first half of this year and found 209,000 new Toyota Camry's in the U.S. compared to 202,000 Ford F-150 pick-up trucks. A year ago, Experian listed the F-150 as number one ahead of the Camry.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
With one eye on his BlackBerry and the other on his wristwatch Kevin Faulkner, a senior executive in Deutsche Bank’s IT team, enjoys a quiet lunchtime pint at The Bank, a popular bar on Singapore’s Raffles Quay. The FT reports.
It is no secret that investors of all stripes have struggled to beat the market since the financial crisis. The majority of hedge funds, for instance, have trailed both global stocks and bonds since the start of 2010, meaning that they have not added value to the simplest of portfolios. The FT reports.
The folks at GM headquarters are not happy.
Speculation intensified over the whereabouts of Xi Jinping, China’s presumptive new president, who has been missing from public view.
The United States is suddenly competing for influence over its most stalwart ally in the Middle East, the Global Post reports.
The European Central Bank’s (ECB) much awaited announcement on Thursday that it would buy sovereign bonds in a new program to ease the euro zone debt crisis could help the battered euro reclaim its clout as a major global currency, say analysts.
Most Americans assume that their property insurance covers the full replacement cost of their home. Not necessarily. Check out these dos and don'ts.
The municipal government of Guangzhou, a sprawling metropolis that is one of China’s biggest auto manufacturing centers, introduced license plate auctions and lotteries last week that will roughly halve the number of new cars on the streets. The NYT Reports.
In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
As evidence has mounted that the economy is slowing, Beijing has kept the world on tenterhooks, delivering none of the big stimulus measures many analysts have predicted.
A leading US figure in bond investment has emerged as Ireland’s single biggest private sector creditor by aggressively buying Irish government bonds. The FT reports.
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Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, says factors like geopolitical risks will continue to weigh on the U.S. dollar and explains what that means for FX traders.
Arjuna Mahendran, CIO at Emirates National Bank of Dubai, says investors can consider raising their exposure to the U.S. 10-year bonds after Canada's deadly shooting sparked a selloff.
John Carey, EVP & Portfolio Manager of Pioneer Investments, says Tuesday's shooting incident in Ottawa triggered renewed concerns over geopolitical risks.