Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.
The cut in India’s credit rating outlook to negative by ratings agency Standard and Poor’s has prompted market watchers to say that it is only a matter of time before India gets downgraded to junk status given its poor record in managing fiscal problems.
The U.S. fixation on China's currency is "old" and it is time the debate moved on to more important issues such as trade and market access, said Stephen Roach, the former Non-Executive Chairman of Morgan Stanley Asia.
The greenback and the U.S. bond market are headed for a collapse as the Federal Reserve loses the ability to service the nation’s debt with “artificially low” interest rates, Peter Schiff, CEO of Euro Pacific Capital told CNBC on Wednesday.
Goldman Sachs is turning increasingly bearish on the U.S. economy, expecting the nation to have added only 125,000 new jobs in April, as the effects of a warm winter, which buoyed employment late last year, wear off.
A potential change of government in France and the Netherlands is raising concerns that Europe may backtrack on the fiscal consolidation needed to deal with the region's debt crisis, but David Lipton, IMF's first deputy managing director told CNBC he's not that concerned, and said the organization won't lend money until it is sure governments are dedicated to policy changes.
An expected strengthening of the U.S. dollar in the second quarter could mean a more "challenging environment" for emerging market stocks but China and Korean markets should outperform, says a senior strategist.
Bill English, Deputy Prime Minister & Finance Minister of New Zealand says banks in the euro zone have been in trouble for a long time and more issues will pop up.