Asia
Authorities consider the doomed Malaysia Airlines Flight 370, missing for more than two weeks, to be lost “beyond any reasonable doubt” somewhere in the Indian Ocean, with all passengers and crew assumed to have perished. The fate of the missing plane has captivated the world since March 8, when the Beijing-bound Boeing 777-200 vanished mysteriously from civilian …
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The drumbeat of bad news about debt defaults in China is likely to continue as the government appears unlikely to step in, but comparisons with Lehman Brothers or Bear Stearns may be overdone. “It will cause a lot of volatility in credit markets and the equities market. People will lose money,” said Lim Say Boon, …
Investors are also watching closely China’s currency. The People’s Bank of China has decided to allow the Yuan to climb or fall as much as two percent per day against the dollar. Most currencies by contrast are free floating. This may sound like a small move, but its a big step toward a more market-based …
Malaysian authorities said the search for missing Malaysia Airlines plane MH370 had been extended on Friday, amid news reports that the plane could have been deliberately flown off-course towards the Andaman Islands. Reports continue to trickle in about the whereabouts of the plane – which has been missing for almost a week. Reuters reported Friday …
What’s really going on inside the world’s second largest economy, how much is it slowing and what does it mean for the global markets, we get some answers.
If prices start falling on Chinese-made goods, could that lead to a wave of deflation in our economy and across the globe.
The rapid deterioration in China’s economic momentum has put focus squarely on the world’s number-two economy, with several banks sharply cutting their gross domestic product (GDP) forecasts. Bank of America Merrill Lynch (BofAML), Barclays and Nomura lowered their growth projections for the mainland economy late Thursday, following a spate of disappointing economic data for the …
China’s latest read on domestic spending and industrial output came in worse than expected, offering little comfort to markets already spooked by the prospect of a weakening economy. Combined industrial output for January and February rose 8.6 percent on year, official data showed Thursday, worse than a Reuters forecast for a 9.5 percent rise. Combined …
Cascading copper prices have multiple root causes that lead to one conclusion: The anticipated global economic recovery may not be all it’s cracked up to be. Consequently, analysts are in virtual unison that the extended-term trajectory is lower for the metal often used as a growth barometer. Copper futures are off more than 12 percent …
The search for missing Malaysia Airlines Flight MH370 entered day five on Wednesday, with focus centering on reports that the jet may have deviated from its original course. No trace of the aircraft or the 239 passengers and crew has been uncovered so far, with conflicting reports about the whereabouts of the jet adding to …
The investigation into the mysterious disappearance of a Malaysia Airlines flight taking off from Kuala Lumpur to Beijing, has presented some twists and turns in recent days. Malaysia Airlines flight MH370 – carrying 227 passengers and 12 crew members –vanished from radar screens less than an hour after taking off from the Malaysian capital early …
The disappearance of Malaysian Airlines Flight MH370 was most likely not due to a terrorist attack, the secretary-general of international police agency Interpol said Tuesday. “The more information we get, the more we are inclined to conclude it is not a terrorist incident,” Ronald K. Noble told reporters. “The focus of the world right now …
China’s National People’s Congress met today to lay out growth targets and spending plans for the world’s second largest economy.
Global investors are keeping a close eye on China, which could see it first corporate bond default ever this Friday.
The rapid slide in the yuan, which has become increasingly correlated with other Asian currencies, could have wider implications on demand for U.S. Treasurys from the region, according to one market watcher. “Aside from the Fed [Federal Reserve], the Chinese are the largest holders of Treasurys and whilst they have not been active buyers for …
