July, 2016

• 11 July

  Ukraine and Canada sign ‘milestone’ free trade deal

  

    Kiev, Ukraine / AFP Ukraine and Canada signed a “milestone” free trade agreement on Monday designed to bolster support for the war-scarred former Soviet republic in the face of an increasingly assertive Russia. Canada has a vast Ukrainian diaspora and been a strong supporter of Kiev since its February 2014 pro-EU revolution was followed by Russia’s annexations of Crimea ...

  Read More »
• 11 July

  What does Japan see in Zimbabwe?

  

    On June 14, 2016, Zimbabwe and Japan signed a major automobile industry trade deal to ship 10,000 Japanese tractors to Harare and train 40 Zimbabweans in Japanese automobile manufacturing techniques. This deal mirrors similar contracts signed by China, Zimbabwe’s principal Asian partner, and reaffirms Japan’s desire to compete with China for economic influence in sub-Saharan Africa. Japan’s investment in ...

  Read More »
• 11 July

  How does Starbucks succeed in China?

  

    Taylor Butch SPECIAL TO EMIRATES BUSINESS In January 1999, Starbucks opened its first store in mainland China at the China World Trade Building located in Beijing. As of May 2016, the world’s largest coffee company has more than 2,100 stores in 102 Chinese cities and is adding more. It plans to operate an estimated 3,400 stores in China by ...

  Read More »
• 11 July

  Emerging assets gain as investors bet Fed holds interest rates

  

  Nupur Acharya / Maria Levitov Emerging-market assets rose for a third day as a hiring surge in the U.S. spurred confidence in the world’s biggest economy, bolstering stock markets from China to Poland. Exporters led gains as Taiwan Semiconductor Manufacturing Co. rose to a record. A gauge of Chinese shares traded in Hong Kong jumped the most since May. Equities ...

  Read More »
• 11 July

  Tokyo’s Nikkei index soars, Pokemon powers Nintendo

  

    Tokyo / AFP Tokyo’s benchmark stock index soared Monday morning after a strong US jobs report and as the landslide victory of Japan’s ruling coalition in weekend elections boosted stimulus hopes. The Nikkei 225 surged 3.21 percent, or 485.26 points, to 15,592.24, while the broader Topix index of all first-section shares climbed 3.01 percent, or 36.39 points, to 1,246.27. ...

  Read More »
• 11 July

  Stock rally fuels Indian Rupee’s biggest advance in 2 weeks

  

    Goyal India’s rupee rose the most in almost two weeks amid optimism a rally that propelled local stocks to a bull market will lure more foreign inflows. The benchmark S&P BSE Sensex index of shares surged 1.8 percent to its highest close since August, tracking gains across emerging markets after a stronger-than-expected U.S. jobs report improved confidence in the ...

  Read More »
• 11 July

  BOE leads charge to bring stability as Brexit fades

  

    AFP Mark Carney’s third week managing Britain’s response to the economic shock of Brexit is about to begin. With UK politics in disarray after the nation opted to split from the European Union, the Bank of England governor has been leading the charge in offering stability. After boosting liquidity, freeing banks to lend more and signaling a willingness to ...

  Read More »
• 11 July

  Citigroup stance bullish on commodities for 2017

  

    Bloomberg Forget Brexit, go for raw materials. Citigroup Inc says that it’s bullish on the outlook for commodities in 2017 as the impact of the UK’s vote to quit the European Union will fade, global growth chugs along and investors will plow more cash into funds. “Citi is especially bullish commodities for 2017,” analysts led by Ed Morse wrote ...

  Read More »
• 11 July

  Kazakh central bank to pounce on dollars as Tenge regains appeal

  

    Bloomberg Kazakhstan’s central bank is prepared to return to the currency market in force to mop up excess dollars after a month of doing “practically zero” as higher returns draw savers to tenge deposits, Governor Daniyar Akishev said. “If there are significant inflows of foreign currency, we are ready to buy as before,” Akishev said in an interview on ...

  Read More »
• 11 July

  Shanghai interbank rate lowest since May even as PBOC pulls cash

  

    Bloomberg Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quarter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it looks to limit volatility in money-market rates. Data released over the weekend showed factory-gate deflation eased ...

  Read More »