The continuing ascension of China in South Asia is not a recent world development. However, the increasing power that China asserts on South Asia is now catching a lot of attention. China has always played the appeasement game well and continues to do so today. It’s dominance over South Asia; especially South East Asia is noteworthy. China has always believed …
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The Hurun Report, compiled by British accountant and former Forbes Rich List researcher Rupert Hoogewerf, found that Asia had 608 dollar billionaires, compared with North America’s 440 and 324 in Europe. It is believed to be the first time Asia has been named as home of the largest proportion of super-rich on any global list. Nonetheless the US, which has …
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Remarkable equity rallies in Japan and China in December have signalled a strong start to 2013. The FT’s Josh Noble talks to Tai Hui, chief strategist Asia for JP Morgan Asset Management about the prospects for Asian markets in the coming year.
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China’s manufacturing contracted for an 11th straight month, a private survey found, increasing pressure on the government to bolster growth in the world’s second-largest economy. The purchasing managers’ index from HSBC Holdings Plc (HSBA) and Markit Economics was at 47.9 for September from 47.6 in August. Export orders declined at the fastest pace in 42 months and purchasing activity in …
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BEIJING, April 11 (Xinhua) — China’s economic growth is set to moderate slightly over the next two years but will exceed 8 percent, on the back of strong investment, rising private consumption and a more stable global economy, the Asian Development Bank (ABD) said Wednesday. In its annual economic report released at a press conference in Beijing, Paul J. Heytens, …
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LONDON, April 11 (Xinhua) — Rating agency Fitch reaffirmed China’s foreign currency rating at A+ with a stable outlook on Wednesday. “Fitch expects more debt to migrate onto China’s sovereign balance sheet as the economy works through the aftermath of the credit surge of 2009-2011, primarily impacting the local currency rating, which remains on negative outlook,” Andrew Colquhoun, head of …
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Sullivan & Cromwell has taken the lead counsel role in Chinese asset manager Cinda’s $1.6bn equity sale to four foreign investors, while Paul Weiss and Clifford Chance have assisted in Morgan Stanley Private Equity Asia’s $300m investment in Tianhe Chemicals Group. China Cinda Asset Management, created by the Chinese government in 1999 to handle non-performing loans at the country’s big …
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(Reuters) – News and developments in Asia private equity from Reuters News for the week ending March 16. MARCH 16 PRIVATE EQUITY firm CVC Capital Partners Ltd is pulling out of Australia, Asia-Pacific’s biggest buyouts market, as it faces one of the largest ever losses for a firm in the region and rapidly fading bank support, people familiar with the situation …
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Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no …
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NEW YORK, Mar 14, 2012 (BUSINESS WIRE) — Deutsche Bank today announced Islamic Finance News has recently recognized the Bank as Best Islamic Trustee / Custodian in its 2011 Best Banks Poll. This is the second consecutive year Deutsche Bank has achieved this recognition. The Islamic Finance News 2011 Best Banks Poll takes an unbiased and all-encompassing approach in selecting …
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