Tag: Asia economy

  • Beijing seems to be easing its controls on giants like Alibaba

    Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]

  • Hong Kong shares rise 2% as Alibaba lifts tech stocks; Asian markets tend to rise

    3 hours ago Alibaba’s overhaul could be followed by tech peers: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big shakeup could be followed by its Chinese tech peers. “I think investors are saying what we saw in Alibaba, really the leader in Chinese technology, that their plans can be used by others,” Ahern said, […]

  • Asia private equity 2022 deals down 44%; uncertainty ahead

    According to Bain & Company, the Asia-Pacific private equity market plummeted last year as investor risk appetite declined due to inflation and geopolitical tensions. Total deal value for the region fell 44% to $198 billion by 2022, the global management and consulting firm said in a report Tuesday. That’s compared to $354 billion in 2021, […]

  • Asia private equity 2022 deals down 44%; uncertainty ahead

    Total deal value for the region fell 44% from $354 billion in 2021 to $198 billion in 2022, Bain & Co said in a report Tuesday. China and India accounted for a $35 billion drop in total deal value for major growth deals for the year, it said. According to Bain & Company, the Asia-Pacific […]

  • Bank stress brings US closer to recession

    Recent banking turmoil could push the US closer to recession, Minneapolis Fed president Neel Kashkari said in an interview with CBS’ “Face The Nation.” “What is unclear to us is how much of this banking stress leads to a widespread credit crunch,” he said. “What’s unclear to us is how much of this bank stress […]

  • Asian markets are mixed as banking sector stress continues

    40 minutes ago CNBC Pro: Here’s how to spot a good growth stock, according to a fund manager “As a growth manager, how do you recognize good growth companies?” fund manager Ian Mortimer told CNBC Pro Talks Wednesday, when he shared his strategy for spotting outperforming stocks. Mortimer manages the growth and innovation-focused Guinness Global […]

  • China is a ‘relative safe haven’ in the face of banking stress

    Citi economists said: “We have long debated our view that China could be an important growth hedge this year – recent global banking tensions may have reinforced this proposition.” The People’s Bank of China’s decision to cut the required reserve ratio showed “reassurance of policy support amid global volatility,” Citi economists wrote. Aerial view of […]

  • Asian markets are largely down as investors weigh Yellen’s comments about banks

    5 hours ago Finance Minister Yellen says emergency measures to support banks could be used again if necessary Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to hold back clients of Silicon Valley Bank and Signature Bank could be used again if necessary. “We have used important tools to act quickly to […]

  • Gold price could run high amid SVB, Credit Suisse, banking troubles

    The gold price has more room to rise and could reach as high as $2,600 an ounce. Investors are turning to gold and government bonds after the collapse of Silicon Valley Bank and Credit Suisse’s troubles. According to Refinitiv data, the all-time high in gold was $2,075 in August 2020. Investors are flocking to gold […]

  • Japanese equities up around 2%, leading gains in Asia ahead of Fed’s key interest rate decision

    2 hours ago Health Care and Consumer Disclosures Lead Hang Seng Higher The Hang Seng index led gains in the Asia-Pacific region on Wednesday, driven by healthcare stocks and consumer cyclicals. Shares of Geely saw the biggest moves, up 7.16% after the automaker posted a 45.6% year-over-year revenue increase for all of 2022 and an […]