TOKYO – Toyota (IW 1000/8) has accelerated past Samsung Electronics to become Asia’s biggest company by market value, after the automaker’s shares doubled in the past year. Toyota’s market capitalization stood at 22.23 trillion yen ($217 billion) on Thursday, beating out the Galaxy smartphone and tablet computer giant which was worth the equivalent of 20.32 trillion yen. Toyota, also the world’s biggest ... Read More »
The premium traders in Asia are paying for the earliest deliveries of fuel oil is poised to slide from an eight-month high as Europe floods the region with excess supplies and Chinese refinery demand wanes. Deliveries to Singapore in June will cost an average $1.25 a metric ton more than July contracts in the second half of this month, according to the ... Read More »
About the Book It would not be a cliche to describe the strategic contours of Asia as being at the crossroads of history. A number of significant events are influencing the likely course that the collective destiny of the region could possibly take in the future. Some of the key issues and trends have been analysed in this year’s Asian Strategic ... Read More »
Prefer Emerging Asian Equities to Other EM’s : Morgan Stanley Read More »
BANDAR SERI BEGAWAN, Brunei (AP) — China and 15 other Asia-Pacific nations will kick off the first round of free trade talks next month to create one of the world’s largest trading blocs, officials said Thursday. The Regional Comprehensive Economic Partnership is a rival pact to the U.S.-led Trans-Pacific Partnership, a free trade initiative involving a dozen countries but that ... Read More »
After a lethargic year plagued by slow recovery and lukewarm markets, the IMF foresees Asia leading the three-speed global recovery with at least 5.75 percent overall growth in the region, but warns of a financial imbalance in 2013. There will be gradual growth in 2013, and inflation is expected to stay within a manageable range, the International Monetary Fund said ... Read More »
The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wednesday disgruntled customers who directed their anger against the alternative currency’s major exchange. Bitcoin proved once again that it’s not for the faint hearted as it lost 60 percent of its value on Wednesday with the biggest exchange Mt.Gox ... Read More »
Heightened political tensions have overtaken the eurozone debt crisis and US fiscal shock as the biggest threats to the developing economies in Asia, according the Asian Development Bank (ADB). While “austerity fatigue” in the euro area and “unresolved fiscal drag” in the US remain significant risks to developing Asian economies, escalating border disputes in the region pose the largest menace ... Read More »
BANGKOK (AP) — Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve’s March meeting, which showed a majority of policymakers in favor of continuing ... Read More »
ADB Chief Economist, Changyong Rhee discusses the highlights of ADB’s flagship annual financial publication, Asian Development Outlook 2013 and the forecast for developing Asia. Read More »
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