Recent Posts

Federal’s decision to weigh on Asia stocks, help bond rally

BLOOMBERG The Federal Reserve’s decision to raise interest rates once again while keeping its year-end forecast unchanged is set to keep Asian stocks under pressure and help government bonds rally, according to regional-focussed investors and strategists. A weaker dollar will help bolster emerging-market currencies and may also provide some relief for Asian equity markets, which will otherwise mirror weaker risk ...

Read More »

China Evergrande’s EV unit may shut down without new funding

BLOOMBERG  China Evergrande New Energy Vehicle (NEV) Group Ltd warned it may have to stop making electric cars if it can’t obtain new financing, having delivered just 900 of its much-delayed flagship model. The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, “in face of the inability to obtain additional liquidity, ...

Read More »

Japan ends curbs on exports of chip materials to South Korea

BLOOMBERG  Japan ended restrictions on exports to South Korea of three key compounds used in the manufacture of semiconductors and displays, in the latest step towards improving long fractious ties between the two US allies. The Ministry of Economy, Trade and Industry announced the move to officially ease licensing requirements on fluorinated polyimide, hydrogen fluoride and photoresists, adding the move ...

Read More »
Send this to a friend