Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Assets under management at Swiss private bank Julius Baer rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion).Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
Asia Pacific markets were mostly in negative territory on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
A pick-up in spending ahead of several elections in Asia this year will boost the consumer sector even though the region is bracing for slowing growth, an analyst told CNBC's "Street Signs" on Tuesday.
"We do like the theme of populist spending pre-elections," said Corrine Png, regional equities research head at AIA Investment Management — the asset management arm of the Asian life insurer.
Png cited the consumer sector as one of the investment firm's top picks for 2019, even as market consensus has predicted GDP growth for Asia ex-Japan to slow to 5.7 percent. That's in comparison to a 10-year average of about 7 percent for the region, she added.
Thailand has lined up a number of schemes including welfare programs to help the poor in utility payments and cash handouts for low-income workers, while the Indonesian government is rolling out cash food aid programs and setting up village funds, according to a Jan. 4 note by DBS Group Research.
Such stimulus will help boost consumer spending, especially in rural areas, DBS noted.
Expected investments into infrastructure projects in India and Indonesia would also help boost certain sectors, such as the cement and construction industries, said Png from AIA.
Although unexpected election outcomes will be a risk factor for the markets, valuations for stocks are now attractive after last year's market selloff, said Png.
DBS — which is also positive on consumer plays in Indonesia and Thailand ahead of the elections — also pointed out that despite concerns that "any unforeseen and unexpected outcome may create volatility," the bank believes "there are opportunities in the lead up to these events," analysts said in the recent note.
While India is also one of the top picks for Mark Mobius, the prominent investor told CNBC earlier this month he was "very much" concerned that Prime Minister Narendra Modi's economic reforms may take a back seat ahead of the general election. He warned that populist moves by the government could derail reform plans and measures to keep India's fiscal balance in check.