Opinion

DBS is losing Asia fintech deals to foreign banks

Southeast Asia’s largest lender happens to be its most tech-savvy. Why then is Singapore’s DBS Group Holdings Ltd. missing out on some of the region’s hottest deals in digital banking? In recent years, technology has played a large role in the bank’s profitable pivot away from trade financing to corporate cash management. One of its application programming interfaces that hooks ...

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Trump seized chance to settle scores via Ukraine

Through all of President Trump’s dealings with Ukraine, he has rarely focused on the job for which he was elected — steering the foreign policy of the United States. Instead, for Trump, Ukraine has been a continuing story of personal resentment and political opportunism. A narrative of the Ukraine affair — drawn from conversations with some of the principals, text ...

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Managing decline of a $124b oil giant

A change at the top is a moment for reappraisal. Bob Dudley, BP Plc’s chief executive officer, rehabilitated the oil major after the fatal Deepwater Horizon rig explosion and spill in the US in 2010. His replacement Bernard Looney should avoid the temptation to think his job is primarily to sustain that legacy. Like all the big international oil companies, ...

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BlackRock, Tencent tie-up is a match made in Wall Street

News that BlackRock Inc. and Tencent Holdings Ltd. are in talks for various types of cooperation is the kind of positive development both companies need. BlackRock is looking for ways to make its investment and portfolio-modeling tools available to the Chinese market, Bloomberg News and the Wall Street Journal reported. They may also codevelop a financial software system similar to ...

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Troubles at the ECB aren’t Draghi’s fault

Given the news of grumbling among members of the European Central Bank’s (ECB) Governing Council and the resignation of a board member, it seems Mario Draghi’s last month as president might be marred by internal policy divisions. This would be a sad misunderstanding. Sad because Draghi’s legacy should be centered on his courageous action to save the euro zone, and ...

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The world’s next factory won’t be in South Asia

Vietnam seems to be the consensus pick for winner of the US-China trade war, as Chinese and other manufacturers shift production to the cheaper Southeast Asian nation. If there’s a loser, at least in terms of missed opportunities, it may be the countries of South Asia. To understand why, remember that the trade war has only accelerated an important trend ...

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Investors really love phone gimmicks

Gadget makers from Apple Inc. to Huawei Technologies Co. are turning to gimmicks like multi-lens cameras, folding screens, 5G connectivity and virtual-reality displays to juice sales amid a general upgrade apathy in the smartphone market. I’m among those skeptical that these new specs will do a lot to make devices fly off the shelves. Investors in Asia, however, seem pretty ...

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Central banks don’t need their own digital currencies

Whether central banks should issue their own digital currencies may sound like an arcane debate. But allowing them to do so could have a profound impact on a nation’s economic and financial landscape — and not for the better. Various proposals are works in progress, but share one basic feature: Central banks would issue electronic deposits. These deposits would be ...

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South Korea has a problem others can only dream of

South Korea’s economy is in a tough spot. Too bad the monetary-policy response has been so tame. The country is flirting with outright deflation, figures showed, as consumer prices declined for the first time on record. Exports, which account for about 40% of gross domestic product slipped for 10 straight months. The Bank of Korea says the country will struggle ...

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Europe’s magic charm against tariffs

The trade war between the US and China has already slowed down growth in Europe’s export-oriented economies – including the biggest of them, Germany – even though they haven’t been slapped by any punitive tariffs. The wholesale buyers of European products, though, should perhaps be more optimistic about signing deals: Consumers attach a lot of value to the national brands ...

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