Thursday, April 24, 2014
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Tag Archives: Asia

Rupee hits a new low, turns worst performer in Asia


Mumbai: The Indian currency’s woes continued on Wednesday as it slumped to a record low after expectations regarding measures to attract dollars were belied. There was no clarity on such proposals after a meeting between regulators. Wednesday’s losses pulled the rupee down to make it the worst performer in Asia. Since January this year, the rupee has weakened 10.28% and has ... Read More »

Asian Investors Keen on Icelandic Bank


An investment group from Asia has expressed interest in buying the 95-percent share held by claimants of Glitnir Bank in Íslandsbanki. According to Morgunblaðið, the estimated price is ISK 115 billion (USD 970 million, EUR 726 million). After the 2008 banking collapse, the Icelandic government transferred domestic accounts from Glitnir to state-created lender Íslandsbanki. ZR Iceland Review Read More »

Asia c.banks: Japan, Korea keep policy steady


The Bank of Japan kept monetary policy steady and held off on revising up its assessment of the economy on Thursday, opting to wait for more clues on whether the increasingly positive mood will encourage companies to ramp up spending. The Bank of Korea also left its policy interest rate untouched on Thursday, for a third straight month, and is ... Read More »

Asia wants Yellen at Fed, and US should listen


That 1999 Time magazine cover is finally catching up with Lawrence Summers. That was the year Summers was celebrated along with Alan Greenspan and Robert Rubin as “The Committee to Save the World” for their free-market solutions to Asia’s financial crisis. The timing always struck Asians as odd, given that they were still picking up the pieces from a meltdown made worse ... Read More »

Asia-Pacific currencies tumble on Fed, China fears

asia pacific currency

TOKYO: Asia-Pacific leaders are scrambling to reverse a decline in their currencies as an expected tapering of the US Federal Reserve’s stimulus and Chinese economic slowdown send waves of foreign capital flowing outside their borders. Fears of a cash flight have sparked a warning from South Korea’s finance minister about possible “spillover effects” from the Fed’s wind down, ahead of ... Read More »

Biden to deliver policy speech on India’s role in Asia-Pacific


S Vice President Joe Biden will deliver a US foreign policy speech today reflecting India’s growing role in the Asia-Pacific region before leaving for his maiden visit to India. “The Vice President will focus on the United States’ enduring commitment to the rebalance toward Asia, India’s growing role in the Asia-Pacific region, and the critical importance of deepening US trade ... Read More »

Toyota Becomes Asia’s Biggest Firm by Market Value


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 »

Fuel Oil Rally to End With Europe Swamping Asia

asia oil

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 »

Asian Strategic Review


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 (video)


Prefer Emerging Asian Equities to Other EM’s : Morgan Stanley Read More »