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  • Article / 16 February 2017 at 8:00 GMT

    Morning Markets: March rate-hike odds jump to 44%

    Former managing editor, / Saxo Bank
    Morning Markets: March rate-hike odds jump to 44%
    The possibility that the Fed might move on interest rates next month jumped on very strong inflation data out of the US and helped spur some safe-haven buying overnight, but with the Trump factor ever present, is May still the likelier bet for the next move in the cycle?
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  • Editor’s Picks / 19 February 2016 at 3:11 GMT

    Pakistan growth surges to 7% as China invests billions

    Pakistan will see its annual economic growth rate surge to 7% in two years as it reaps the benefits from China and others investing more than $40 billion in infrastructure, according to the Finance Ministry’s top bureaucrat. Prime Minister Nawaz Sharif’s government is showing investors he’s serious about implementing economic reforms by heading toward completion of an International Monetary Fund loan program, Finance Secretary Waqar Masood Khan said on Wednesday. “We still face challenges in achieving a higher growth," Khan said. “Compared to our potential, our growth rate is significantly low.” Sharif is targeting growth of 5% for the current fiscal year ending in June, an eight-year high, as he works with the IMF to turn around an economy hindered by energy shortages and terrorism. China’s plans to invest $46 billion in an economic corridor are fueling optimism that growth will hit new heights. Pakistan started taking IMF loans in the 1950s but struggled to see them through.
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    ukaly ukaly
    Pakistani economy is a cash driven economy in general. There is hardly any concept of mortgages , credit cards, car loans although it is picking up pace...
    Adam Courtenay Adam Courtenay
    Interesting. Thanks for that. It's a place we rarely look at - and I think that should be changed....
  • Editor’s Picks / 22 October 2015 at 11:30 GMT

    'Urgency' for oil exporters to adjust spending: IMF

    Political turmoil in the Middle East and a sharp decline in oil prices highlights the "urgency" oil exporting countries should have in adjusting their government spending plans, according to the latest regional outlook from the International Monetary Fund, CNBC's Holly Ellyatt reports. The IMF forecast growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region would be 2.5% in 2015, down from growth of 2.7% last year The loss of growth momentum is largely down to the more than 50% decline in oil prices since June 2014.
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  • Editor’s Picks / 13 October 2015 at 10:41 GMT

    China's Silk Road — big on vision, light on detail

    Financial Times
    China's Silk Road plan will, if it comes to eventual fruition, be the grandest plan of economic diplomacy since the Marshall Plan flooded Europe's coffers in the aftermath of WW2. But, write Charles Clover and Lucy Hornby, president Xi Jinping's grand vision on which he hopes to secure his legacy lacks detail and leaves those states hoping to benefit from the potentially enormous cash injection required to develop the overall infrastructure, grasping for clues. China will also have to wrestle with being a great economic power and taking on board the security element as its influence grows into central Asia and beyond which has become the biggest foreign policy headache for the US for decades. The Silk Road is alive with possibilities, but even if it is a success, it will force Beijing to confront issues it might have hoped "soft power" would help it avoid.
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  • Article / 28 October 2014 at 13:54 GMT

    China's pan-Asia bank is about the renminbi, not US rivalry

    Managing Director / Asia-analytica Research
    China's pan-Asia bank is about the renminbi, not US rivalry
    The political rivalry between Washington and Beijing for influence in Asia makes headlines. But the real impact of China’s move to set up an infrastructure lender for the region is the birth of a potential triple-A rated multilateral bond issuer crucial to deepening market liquidity and extending the yield curve in offshore renminbi assets.
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