Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Euro Rallies despite Asia-Pacific Slowdown »
The super economy of China that has dragged the global economy out of recession is beginning to show signs of a consolidation. China’s Manufacturing PMI for June produced a disappointing 52.1, instead of the forecast 53.2. It seems measures to prevent the economy from over heating are beginning to show sign of fruition.
Once again risk [...]
Asia’s Exceptions To The Global Tightening Trend »
Now that the global recession of 2008-09 is a thing of the past, most major economic blocs are mapping their own routes to a normal monetary and fiscal policy environment. Asian economies were the first to raise interest rates from ultra-loose levels, followed by fast-recovering export economies, commodity producers then major trade hubs. In general [...]
Asia stocks mixed before Fed statement; Europe up (AP) »
U.S. Federal Reserve
’s latest assessment of the world’s largest economy. European stocks gained in early trade.
It marked Asia’s third consecutive day of mediocre trade.
wallowed below $80 a barrel, while the dollar weakened against the yen and the euro.
U.S. central bank
wraps up its policy meeting later Tuesday. Widely expected to keep [...]
Asia stocks dip on China tightening fears, yen up »
Asia stocks dip on China tightening fears, yen up
(Reuters) – Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting [...]
Asia stocks dip on China tightening fears, yen up (Reuters) »
to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting Britain's FTSE 100 (.FTSE), Germany's DAX (.GDAXI) and France's CAC 40 (.FCHI) to fall as much as 0.5 percent.
(.MIAPJ0000PUS) shed 0.5 percent, retreating from a seven-week high touched before [...]
Prudential confirms to buy AIG Asia for $35.5 billion »
Prudential confirms to buy AIG Asia for $35.5 billion
PRU.L
AIG.N
) Asian life insurance arm for $35.5 billion, making it the undisputed foreign leader in one of the world’s fastest-growing financial services markets.
The acquisition of AIA will be funded by a rights issue of $21 billion including costs and fees, the biggest ever [...]
Asia shares up, banks shrug off China policy move »
Asia shares up, banks shrug off China policy move
Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China’s latest move to temper robust lending.
The Hang Seng rose 1.8 percent after a long Lunar [...]
Asia markets jump after US gains on housing report (AP) »
jumped Wednesday, following
higher after encouraging reports about the beleaguered U.S. housing sector helped restore confidence in an economic recovery.
Several bourses shot up more than 2 percent after the U.S. market, reversing last month’s slide, posted its biggest back-to-back gains in almost three months.
gained modestly after surging the day before, while the dollar [...]
Oil reaches two-week high as optimism boosts Asia markets »
SINGAPORE (Reuters) – Oil bounced back above $77 on Wednesday, reaching its highest level in almost two weeks, as recovery optimism drove Asian stock markets higher, led by China.
U.S. crude for March delivery touched $77.66 a barrel, the highest price since January 21, and was trading up 22 cents at $77.45 at 0758 GMT [...]
Asia shares rise on U.S. cues »
Asia shares rise on U.S. cues
SINGAPORE (Reuters) – Asian shares powered ahead on Wednesday with energy and resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on upbeat U.S. earnings and economic data.
European stocks were set to gain for a fourth straight session on strength in Asian [...]