Posts Tagged ‘ Asia Finance ’

EU Debt Crisis May Not Hinder Asian Businesses

January 23, 2012
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Asian businesses are feeling more secure thanks to lessons from the global financial slump and recovering U.S. banks. Analysts have admitted that while an all-out Eurozone crisis may affect demand for Asian products, exporters throughout the region are less likely to suffer as much as they did in 2008 when Lehman Brothers collapsed. “The importance of trade finance to the global economy is better understodd now than in 2008,” explained Mark Williams of Capital Economics. “One of the factors...

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Asia Headed Towards Becoming Largest Corporate Market by 2015

December 29, 2011
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Global consulting firm McKinsey & Co released a report stating that global corporate and investment banks will get almost 50% of their revenues (around $799 billion) from Asia by 2015. The leading countries will be China and India. In 2010, the revenues originating in Asia constituted nearly 33%, or $442 billion. The report, entitled ‘Asia: The Future of Corporate and Investment Banking’, stated: “The surprisingly strong economic health of Asian economies in 2010 saw the risk-adjusted corporate and investment...

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Citigroup Plans to Hire More Staff and Boost Trade Finance Services in Asia

December 15, 2011
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Anthony Nappi, head of global transaction services at Citigroup, said the bank is now looking to increase its staff and boost its trade finance service business in Asia. “Trade finance is a key area for us- we are going to hire more trade transactors because a business perspective trade has been the outstanding performer for us,” he told Dow Jones Newswires. “My own personal aspiration,” he said, “is to double the size of the business every three to five...

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China’s Economy Threatened by Global Crisis

December 5, 2011
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Chinese leaders have implied that times may get tougher for the country’s exports with a warning that the global crisis may impact the nation’s economy. Vice Premier Wang Qishan, the top financial official in China, encouraged companies to contribute their efforts to securing a “stable increase” in exports, despite the lessening of external demand. “The severe and complex world economic situation will inevitably mean global demand is insufficient,” Wang said. Over the past year, China’s exports increased 15.9%, or...

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Black Friday Sales Boost the MSCI Asia Pacific Index

November 28, 2011
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Record-breaking Black Friday sales in the United States have sent the MSCI Asia Pacific Index towards its biggest gain in two weeks. This is great news for exporters, and commodity pool operators. The results of the Black Friday sales proved, according to Naoki Fujiwara of Shinkin Asset Management, that the U.S. is “in a mild recovery, and consumer’s purchasing power isn’t something to be pessimistic about. But with employment looking bleak, it’s uncertain whether the strong spending will continue.”...

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China’s Factor Sector Drops to Three-Year Low

November 24, 2011
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China’s factory sector decreased dramatically, the most in 32 months, in fact, as the economy continues to weaken and concerns regarding a global recession heighten. The severe fall in the HSBC flash PMI from 51 to 48 this past month reflects domestic weakness as a result of less output and new orders, even as exports increase. The flash PMI was the lowest since 2009. Added to the already unstable world economy, the news has sent financial markets into a...

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Asian Stocks Fall as Congressional Budget Office Reaches Deadline

November 21, 2011
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Asian stocks have fallen a fifth day, as have Standard & Poor’s 500 Index futures and the Australian and New Zealand dollars. The MSCI Asia Pacific Index fell 0.4% in Tokyo, nearing to longest losing streak since August. According to a Democratic aide, the congressional committee should be announcing its failure to reach an agreement on $1.2 trillion in federal budget savings. Japenese exports saw declines for the first time in a quarter, and Singapore predicts slow economic growth...

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Asian Currencies Fall Amid Investors’ Borrowing Costs Concerns

November 17, 2011
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As financiers worry that borrowing costs in Europe will worsen the debt crisis, South Korea’s won and Indonesia’s rupiah set a falling trend in Asian currencies. The won declined after bonds from France, Belgium, Spain and Austria climbed to the highest premiums since the euro was established, and the rupiah fell to its lowest since September. “We think Asian currencies will depreciate by the end of the year because of the euro-zone fiscal crisis,” explained Dariusz Kowalczyk of Credit...

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Asian Stocks Fall as Greek Prime Minister Steps Down

November 10, 2011
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Asian stocks suffered a blow as Greek Prime Minister George Papandreou agreed to leave his post and Italian PM Silvio Berlusconi fought to maintain his advantage in face of the parliamentary vote. HSBC Hodings, Europe’s primary lender, slipped 1% in Hong Kong, while Takeda Pharmaceutical Co. fell 2.3%. Cnooc Ltd. fell 2.2% after the Chinese oil explorer’s BP Plc purchase in Argentina fell through. The MSCI Asia Pacific Index lost 0.4% in Tokyo, with approximately three shares falling for...

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China Air Gets Bond Offering from US Export-Import Bank

November 7, 2011
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China Air, China’s national flag carrier, has accepted a bond offering guaranteed by the US Export-Import-Bank, or US-Exim. The deal, worth $135.31 million, brings into play a new capital market financing solution to airline companies in Asia-Pacific. All gains from the transaction will be put towards refinancing a financial lease structure which was used to purchase a new Boeing 777-300ER aircraft by Air China. “We are glad to be able to further develop and explore a wider source of...

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