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Tag Archives: Europe

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 »

What Europe’s Mistakes Teach Asia

asia social

A Chinese proverb tells us that it is wise to learn from your own mistakes but wiser to learn from the mistakes of others. Asian leaders should take this advice to heart as they juggle between policies for social welfare and economic dynamism. By keeping a keen eye on Europe’s fiscal crises, they can avoid the worst of the Continent’s ... Read More »

Asian and European banks join US in swap dealer line-up

stock-dice

Asian and European banks registered as US swap dealers this week, joining Wall Street rivals in complying with new rules that aim to shed light on the opaque US$650 trillion derivatives market. Deutsche Bank, Commerzbank, Societe Generale, BNP Paribas and Nomura were among the swap dealers listed in the registry of the National Futures Association (NFA), a US regulator. But ... Read More »

Oil prices rebound in Asia, Europe woes cap gains

chinaoil

SINGAPORE — Oil prices rebounded in Asian trade Thursday on bargain-hunting but escalating turmoil in debt-wracked Greece and Spain limited gains. New York’s main contract, light sweet crude for delivery in November was up 39 cents to $90.37 a barrel in morning trade after closing overnight below $90 a barrel for the first time since August 2. Brent North Sea crude ... Read More »

At G20 meeting in Mexico City, emerging markets show growing assertiveness

g20 mexico

Emerging markets are finding their voices within the Group of 20, a development that will reshape global efforts to avoid financial meltdowns and shape economic growth. The dominant issue at this weekend’s G20 gathering of finance ministers and central bank governors is putting an end to worries that a big European economy could go bankrupt. While the path to a ... Read More »

G20 inches toward $2 trillion rescue fund

G20 Mexico 2012

MEXICO CITY (Reuters) – Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world’s leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone’s sovereign debt crisis. Finance leaders from the Group of 20, meeting in Mexico City this weekend, are trying to build up ... Read More »

China’s Growth May Slip to 8.6%

made in China

China’s economic growth may slip to 8.59 percent this year due to slowing in Europe, while inflation will ease to 3.3 percent, according to a Xiamen University and National University of Singapore joint forecast. Growth may bottom out in the second quarter, slowing to 8.35 percent before picking up again, according to the forecast released today at a forum in ... Read More »

Asian Markets Trade Firm On Recovery Optimism

asia markets

Asian markets are mostly trading notably higher on Monday with investors picking up stocks following a rate cut by the Chinese central bank and on easing worries about the eurozone economy amid hopes of a solution to Greece’s debt woes. Though some of the markets are off their highs with a section of investors taking some profits, the mood remains ... Read More »

Japan, China to Help Europe Solve Crisis

Shipping

Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund. Europe needs a bigger so-called firewall of added funding to contain the crisis, even as Greece shows some improvement in solving its financial woes, Azumi told reporters in Beijing yesterday after meeting Chinese Vice Premier Wang Qishan. Azumi, who met ... Read More »

Elston Says Europe Debt Crisis Threat to Asia Markets

peter elston

Feb. 8 (Bloomberg) — Peter Elston, head of Asia Pacific strategy and asset allocation at Aberdeen Asset Management in Singapore, talks about the impact of Europe’s sovereign debt crisis on Asia’s financial markets. Elston also discusses Federal Reserve monetary policy. He speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg) Read More »