Friday, March 29, 2024

Tag Archives: Asia

Growth will pick up in developing Asia

Rising private consumption and stronger intraregional trade will boost Asia’s developing economies over the next two years, according to the Asian Development Bank. In its Asian development outlook 2013, published today, the Bank forecast growth of 6.6% this year for the 45 countries it categorises as ‘developing Asia’. This compares with 6.1% in 2012/13. It adds that stronger external demand and …

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Oil prices up in Asia on weaker dollar, US jobs data

SINGAPORE: Oil prices rose in Asian trade Friday as a weaker US currency made the dollar-priced commodity cheaper and spurred demand, analysts said. Upbeat employment data in the United States also buoyed sentiment and fuelled hopes demand will improve in the world’s biggest oil consuming nation, they said. New York’s main contract, light sweet crude for delivery in April was …

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Over regulation of financial market will cause problems in future

SINGAPORE: The head of Singapore’s biggest bank said over-regulation of the financial market will cause problems in coming years. CEO of DBS, Piyush Gupta, said Asian banks do not have the same problems as their global peers in meeting capital and liquidity requirements. Speaking at the sidelines of a banking industry forum on Friday, Mr Gupta said the Asian financial …

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Oil prices mixed in Asian trade

SINGAPORE, MARCH 7: Oil prices were mixed in Asian trade today, with the sentiment subdued by concerns a prolonged budget stalemate in the United States could hamper recovery in the world’s biggest economy. Prices had already slipped in New York after US crude stockpiles surged by more than eight times, the expected amount, indicating weak demand in the country. New …

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ASEAN the New BRICS?

On a wide range of economic pointers, Southeast Asia is gaining fast For 15 years, since the Asian Financial Crisis of 1997 and 1998, the young tigers of Southeast Asia have been looked upon with suspicion by most investors while they struggled to rebuild their foreign currency reserves, signed currency swaps, strengthened their banking systems and made other reforms. In …

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The Great Shrinking of Media in Australia

A once-great newspaper market disappears A milestone of a dubious kind was passed in Australia recently when it was discovered that the number of public relations practitioners had for the first time exceeded the number of journalists actually working as reporters and editors. The trend has only deepened with more redundancies of journalists and offshoring of jobs at the country’s …

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Asia FX up on risk appetite

SINGAPORE: The Malaysian ringgit led gains in emerging Asian currencies on Thursday, with most regional units set to see monthly rises as risk appetite improved after a relatively smooth sale of Italy’s bonds and on strong U.S. business spending. The ringgit rose as investors rushed to cover short positions, shrugging off news that central bank was set to impose tighter …

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Asia Week Ahead: Times of transition in China, Japan (video)

Mar. 8 – Key events in Asia next week include the official crowning of China’s next president, earnings from the world’s biggest mobile phone operator and the possible naming of a new Bank of Japan governor.

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Top 10 M&A predictions for Asia in 2013

Asia-Pacific, China, India, Indonesia, Japan, Malaysia, Myanmar, South Korea 1. Myanmar opens new market opportunities Perhaps one of the biggest changes for Asia’s M&A market in 2013 is the significant increase expected in inbound investment into Myanmar. The suspension of certain international sanctions, along with the passing of the new Foreign Investment Law, which was brought into force in November …

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For StanChart, Asia beckons as regulatory pressures rise

Mar. 6 – With Standard Chartered celebrating 10 straight years of rising profits, Tara Joseph talks to Asia CEO Jaspal Bindra about promising markets and a possible move of its headquarters to the region.

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