July, 2016

• 18 July

  Parenting China, the teenage power

    David Lai / Fred Gellert SPECIAL TO EMIRATES BUSINESS The events of the last year have seen a shift in Beijing’s relations with China’s neighboring states and the United States. New Chinese challenges to the international order such as assertions of territorial ownership, pronouncements of international initiatives, military build ups and maneuvering, and land creation in the South China …

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• 18 July

  How much longer can Bangalore’s tech giants hide?

    Mihir Sharma Walk into a coffee shop in the southern Indian city of Bengaluru (formerly and more commonly known as Bangalore) and you’re likely to find it full of young people drawing up business plans or meeting with funders. You’d be forgiven for thinking the city — once a leafy and cool retirees’ paradise, now a gridlocked concrete jungle …

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• 18 July

  Global markets resilient after Turkey turmoil as lira rebounds

  

    Bloomberg Financial markets showed signs of resilience following a failed coup attempt in Turkey, as the lira rebounded and U.S. stocks fluctuated near record highs. Haven assets including the yen and Treasuries fell. The S&P 500 Index swung between gains and losses after a third straight week of gains took the gauge to all-time highs as political tension in …

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• 18 July

  Singapore Exchange mirrors NYSE in policing role

  

    Bloomberg Singapore Exchange Ltd. will house regulatory functions in a unit with its own board, following calls to separate the role. The subsidiary is expected to be set up by the second half of 2017 and will not add to the requirements of Singapore’s initial share sale process, Southeast Asia’s biggest bourse operator said in a statement on Monday. …

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• 18 July

  Qatar, Dubai surge; rest of Middle East region restrained

  

    Reuters Qatar’s stock market surged as it broke major technical resistance and Dubai was boosted by real estate companies on Monday, while most Middle Eastern markets were held back by weak oil prices and uneven corporate earnings. The Qatari index gained 1.6 percent to 10,585 points, an advance on its December and March peaks at 10,490-10,502 points. Trading volume …

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• 18 July

  ECB to keep policy unchanged, experts predict

  

    Bloomberg Just like Mark Carney, Mario Draghi can afford to wait a bit before adding more monetary stimulus. Economists in a survey predict the European Central Bank president will keep policy unchanged on Thursday but announce fresh measures before the end of the year. The meeting comes a week after the Bank of England, headed by Carney, opted not …

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• 18 July

  Post-Brexit UK needs range of stimulus, says BOE’s Vlieghe

  

    BLOOMBERG Gertjan Vlieghe, who was alone in voting for an interest-rate cut at the latest Bank of England meeting, said the UK needs a range of stimulus to combat the impact of its decision to quit the European Union. “The precise implications for the economy are uncertain, although the general direction of travel is likely to be lower growth …

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• 18 July

  Firmer evidence needed for Aug rate cut: UK central bank

  

    BLOOMBERG Bank of England policy maker Martin Weale said he needs to see more evidence of the impact of the U.K.’s vote to leave the European Union before supporting additional stimulus at the central bank’s August meeting. BOE officials surprised markets and a majority of economists last week when they kept their key interest rate unchanged, and suggested they …

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• 18 July

  PBOC sees ‘liquidity trap’ as companies hoard cash

  

    Bloomberg A senior official at China’s central bank said companies may be falling into a ‘liquidity trap’ and that the government still has room for to expand the fiscal deficit. Signs of a liquidity trap, economist-speak for when central bank cash injections into the economy fail to spur growth as monetary policy loses potency, are showing in businesses and …

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• 18 July

  Developing Asian economies to grow 5.6 percent: ADB

  

    MANILA / AP The Asian Development Bank said on Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies’ performance will remain solid and help offset softness from the US economy and near-term market shocks from Britain’s …

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