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  • Article / 13 November 2017 at 8:00 GMT

    Morning Markets: Rumoured Tory plot to oust May hits GBP

    Senior Editor / Saxo Bank
    Denmark
    Morning Markets: Rumoured Tory plot to oust May hits GBP
    Sterling has fallen sharply against the dollar amid rumours of a plot to oust British PM Theresa May over her handling of the Brexit process. In equities, the Nikkei 225 has taken another worrying tumble, and the rest of the Asia-Pacific region is forging ahead with a trade deal while the US heads in its own protectionist, isolationist direction. This is a good time for pessimists.
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  • 3y
    asena asena
    Thanks, Please come to istanbul for turkish coffee!
  • Editor’s Picks / 05 August 2016 at 4:18 GMT

    Which countries are most dependent on China?

    Bloomberg
    If (or when) China sneezes -- ranging from a sharp devaluation of its currency or protectionist measures to defend local industries -- Singapore, Taiwan, Vietnam, South Korea and Malaysia would be first to feel the chill, according to analysis from Natixis SA. By contrast, Indonesia, India and the Philippines are rather more immune, based on trade, tourism and investment links that were collated by the French Bank's Hong Kong-based economists Alicia Garcia Herrero and Trinh Nguyen.
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  • Editor’s Picks / 29 July 2016 at 0:33 GMT

    India, ASEAN gain appeal as wary Japanese firms turn away from China

    Nikkei Asian Review
    Japanese companies no longer see China as a top destination for investment, and are turning to India and ASEAN for growth, according to a joint survey by Nikkei Inc and the Center for Strategic and International Studies. A combination of China's slower growth and aggressive national security policies has dented the Japanese appetite to invest in the world's most populous nation. Since its accession to the WTO in 2001, China has been the top desitnation Japanese foreign direct investment in Asia, except for 2013, when Thailand briefly overtook it. However, when asked which emerging economy their company would invest in today, 50% said India and 38% said ASEAN, while only 4% of respondents named China.
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  • Editor’s Picks / 25 July 2016 at 5:35 GMT

    Beijing's apparent push to divide ASEAN bears fruit

    Nikkei Asian Review
    Southeast Asian foreign ministers failed to issue a communique after a meeting amid conflict over how to respond to a tribunal's denial of Chinese claims in the South China Sea, with their inaction indicating that Beijing's strategy of sowing division is bearing fruit. A draft statement urged absolute respect for the law regarding the resolution of the South China Sea dispute – a clear shot across China's bow. Nearly all ASEAN countries agreed to this version including not only the Philippines and Vietnam, but also Indonesia, Singapore and Malaysia. But Cambodia demanded that all language critical of China be stricken from the statement. This threw the talks into disarray. Beijing seems to be using Cambodia to drive a wedge into the alliance.
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  • Editor’s Picks / 31 May 2016 at 5:29 GMT

    Asian drought pushes up agricultural commodity futures

    Nikkei Asian Review
    Droughts in parts of Asia have been pushing up futures prices for agricultural commodities. The price of benchmark robusta coffee futures for near-term delivery has been climbing steadily since hitting its lowest point in more than five and a half years in late January. A severe lack of rain is expected to reduce the harvest in Vietnam, the main production area. Palm oil prices are also climbing. A dry spell caused by the El Nino weather pattern has hit output in Malaysia and Indonesia, which together produce 90% of the oil. A global shortage of sugar is expected to intensify as production in India and Thailand is forecast to fall.
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  • Editor’s Picks / 12 April 2016 at 5:02 GMT

    Move over China, here come the VIP emerging nations

    Nikkei Asian Review
    Brisk domestic demand and low dependence on China have made the so-called VIPs – Vietnam, India and the Philippines – standouts among emerging markets, with investors looking to them as defensive picks in a decelerating global economy. In India, by far the largest of the trio, hopes are high for earnings growth in the automotive and motorcycle industries. Vietnam's benchmark VN Index, India's BSE Sensex index and the Philippines' PSEi composite index advanced nearly 20% on average over the past three years. The term “new VIPs” was coined by ANZ chief Asia-Pacific economist Glenn Maguire. Strong internal demand differentiates the three countries from other emerging markets weakened by sluggish trade, Maguire stressed.
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