Tag: World economy
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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, […]
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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 […]
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The chairman of the Saudi National Bank resigns just days after Credit Suisse’s comments led to a sell-off
The chairman of the Saudi National Bank, Ammar al-Khudairy, has resigned. He will be replaced by SNB Managing Director and Group CEO Mohammed al-Ghamdi. Al-Khudairy’s resignation comes days after his comment in mid-March that SNB was unlikely to increase its stake in Credit Suisse, at a time when the European lender was grappling with an […]
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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 […]
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US Treasury Bond Yields Ahead of Fed Interest Rate Decision
US Treasury yields fell on Wednesday as investors awaited the Federal Reserve’s latest interest rate decision and central bank monetary policy guidance. At 5:48 a.m. ET, the 10-year Treasury yield was down 2 basis points to 3.587%. The 2-year Treasury was trading at 4.134% after falling about 4 basis points. Yields and prices move in […]
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Regulators in Asia say the banking system is stable after the deal with UBS and Credit Suisse
Regulators in Asia issued reassuring statements on Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse. Swiss regulators played a key role in orchestrating the forced takeover, to halt a wider banking crisis that would threaten the global system. From Hong Kong to […]
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Goldman Sachs no longer expects the Fed to raise rates in March
“In light of the stress in the banking system, we no longer expect the FOMC to hike rates at its next meeting on March 22,” Goldman economist Jan Hatzius said in a Sunday note. The company expects the latest measures to “provide significant liquidity to banks facing deposit outflows” and boost depositor confidence. Goldman Sachs […]
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From Apple to Boeing, India is being tested as the new China
Boeing’s deal with Air India in February is the largest in civil aviation history, but also comes as India looks to bolster its profile as a defense manufacturer. Last week, US Secretary of Commerce Gina Raimondo traveled to India to strengthen ties with the Asian nation. India’s dream of becoming the “world’s new factory” to […]
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Kuroda defends BOJ’s ultra-dovish stance in his latest policy meeting
The current Governor Kuroda was first appointed in March 2013 and has been leading the central bank’s ultra-accommodating monetary policy since 2016. Japan’s upper house of parliament approved candidate Kazuo Ueda as the next governor to head the central bank, succeeding Kuroda, Kyodo reported. “The Japanese economy, despite being impacted by factors such as high […]
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How China’s shifting growth picture could affect global markets
Veteran investment strategist David Roche told CNBC’s “Squawk Box Europe” on Tuesday that “things have permanently changed” regarding China’s role in the global economy. At the National People’s Congress on Sunday, the Chinese government announced a target of “about 5%” gross domestic product growth by 2023 – the country’s lowest in more than three decades. […]