RSS Feed

Calendar

February 2024
M T W T F S S
« Jan    
 1234
567891011
12131415161718
19202122232425
26272829  

Search

Tag Cloud

Archives

Financial Times (February 1)

2024/ 02/ 02 by jd in Global News

“Mounting losses from banks in the US, Asia and Europe have rekindled concerns about weakness in the US commercial property market, a sector that has been under pressure from lower occupancy levels and higher interest rates.” This week New York Community Bancorp, Aozora Bank and Deutsche Bank each warned of related risks or recognized losses, which “mark the latest fallout from the… dual problems of fewer people working in offices since the pandemic and more expensive borrowing costs.”

 

Financial Times (November 15)

2023/ 11/ 15 by jd in Global News

“One of Asia’s sleepiest investment sectors has outperformed tech stocks.” Share prices have soared at Japanese banks and their earnings now “confirm the prescience of that rally…. Earnings at Japan’s five biggest banking groups rose 56 per cent to a record of about ¥2tn ($13bn).” Higher spreads and buybacks are part of the equation, “but the biggest driver of the rally has been rising hopes that the central bank may end its ultra-easy monetary policy soon.”

 

Wall Street Journal (September 6)

2023/ 09/ 07 by jd in Global News

Vladimir Putin’s meeting with North Korea’s Kim Jong Un “underscores the global nature of the threat to U.S. interests.” Indeed, the Japanese Prime Minister’s visit to Kyiv this spring was partly “because America’s allies in Asia understand that Ukraine isn’t a distant squabble. Russia has its own Pacific ambitions, including militarizing the Kuril Islands, some of which Japan also claims. A Russia that prevails in Ukraine will provoke elsewhere. Mr. Putin is also the junior partner to the neighborhood’s No. 1 threat: The Chinese Communist Party.”

 

The Korea Economic Daily (June 15)

2023/ 06/ 16 by jd in Global News

“Everything Asian policymakers were sure they knew about 2023 is going sideways.” When the year opened, “conventional wisdom” expected “Chinese growth would help the region make up for lost economic time.” Now the worry “is about deflation risks as factory-gate prices go negative” with consumer prices in China “on the verge of contraction.” Its exports are “cratering,” but China’s falling imports are “the bigger problem for Korea, and Asia more broadly.” In May, China’s imports fell by 4.5%, “dampening hopes that post-pandemic ‘revenge spending’ by 1.4 billion Chinese would propel Asian growth sharply higher.”

 

Newsweek (April 30)

2023/ 04/ 30 by jd in Global News

“Familiar alarm bells sounded in Japan this month as year-end population figures and new projections combined to paint an uncertain future for Asia’s No. 2 economy.” The latest figures show a “12th consecutive annual decline” with the nation’s population standing “at 124.94 million for the year to October, a decrease of over half a million people from 2021.” Moreover, “the working population, aged 15 to 64, fell to 74.2 million, and those above 65 reached 36.23 million—both respective records.” Japan is approaching the “point of no return.”

 

WARC (March 2)

2023/ 03/ 04 by jd in Global News

“Experimentation and new thinking are the driving force for effective marketing in Asia.” WARC recent report finds that “brands across Asia changed and adapted their strategies post-pandemic, showing a spirit of experimentation and new thinking in order to remain relevant to consumer behaviour changes.”

 

Bloomberg (September 26)

2022/ 09/ 26 by jd in Global News

“Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan.”

 

CNN (August 12)

2022/ 08/ 14 by jd in Global News

“Hong Kong has recorded its sharpest annual drop in population,” falling from “7.41 million people to 7.29 million, a 1.6% decrease.” Experts attribute the exodus to “strict Covid control measures and a political crackdown that have taken the shine off a financial hub long advertised as ‘Asia’s world city.’”

 

Reuters (July 21)

2022/ 07/ 24 by jd in Global News

“Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation.”

 

The Economist (July 2)

2022/ 07/ 04 by jd in Global News

“The pecking order of financial centres is changing.” Hong Kong, Shanghai and Singapore are all vying as “the map of Asian financial hubs is being redrawn.” Given that, “the region’s two emerging giants, China and India, have partial capital controls,” Singapore stands to “be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.”

 

« Older Entries

[archive]