SHENZHEN, China—In a corner of a sprawling factory in this coastal southern city, sewing machines that stitched blouses and shirts for Lever Style Inc.’s clients now gather dust. As the din on the factory floor has dropped, so, too, has the payroll. Over the past two years, Lever Style’s employee count in China has declined by one-third to 5,000 workers. …
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Former European Central Bank chief Jean-Claude Trichet gives an exclusive interview to RT focusing on the growing global role of the five major emerging economies known as BRICS.
Read More »Gold Gains, Crude Slips : Trading Strategies by Experts
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Prefer Emerging Asian Equities to Other EM’s : Morgan Stanley
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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 …
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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 …
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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 …
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BEIJING—A surge in lending that defied Beijing’s efforts to mop up liquidity presents China’s new leaders with the tough prospect of risking a budding growth revival by cracking down too hard to head off a bad-loan crisis. China has been on a credit binge since the global financial crisis of 2008, initially a deliberate strategy by leaders to finance investment …
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India’s industrial production unexpectedly rose in February after policy changes and interest- rate reductions to revive economic growth from its weakest pace in a decade. Production at factories, utilities and mines climbed 0.6 percent from a year earlier after a 2.4 percent gain in January, the Central Statistical Office said in a statement in New Delhi today. The median of …
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Singapore is the world’s fastest growing wealth centre and is predicted to overtake Switzerland to become the largest offshore private banking market by 2020, according to recent research. Global financial analysis group Timetric said assets under management within the city-state had risen to US$550bn by the end of 2011 from just US$50bn in 2000 and that it is set to …
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