23 February 2017

Macro Economy

  • The US Federal Reserve is laying the groundwork for another hike in short-term borrowing costs. Photo: Bloomberg

    Fed officials see rate hike ‘fairly soon’

    Feb 23, 2017 8:46am
    Federal Reserve officials expect another hike in the US benchmark interest rate “fairly soon” due to an improving economy and anticipated inflationary pressures. According to minutes released Wednesday from the central bank’s last policy meeting, some officials...
  • Financial Secretary Paul Chan expects Hong Kong economy to expand 2-3 percent in 2017. Photo: HKEJ

    Financial Secretary Paul Chan sees slight pickup of GDP growth

    - Feb 22, 2017 1:19pm
    After a weak start, Hong Kong’s economy gradually improved over the course of 2016 and eventually closed the year with a 1.7 percent gross domestic product growth. On the back of the recovering trend, Financial Secretary...
  • The ‘big crocodiles' will not be allowed to suck the blood out of small investors, proclaims Liu Shiyu, chairman of the China Securities Regulatory Commission. Photo: Sohu

    CSRC’s Liu wants to take on the ‘big crocodiles’

    - Feb 21, 2017 11:31am
    Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), is known for being outspoken. Previously, he called insurers engaged in leveraged buyouts using inappropriate funds “barbarians” and “evil monsters”. Now he is declaring war on...
  • Railway ventures, including high-speed rail projects and urban transit initiatives, will be a key focus of infrastructure spending in China this year. Photo: China Daily

    China needs more private capital in fixed-asset investment push

    - Feb 20, 2017 4:12pm
    China has seen various local governments unveil their economic growth targets in recent weeks. Among those that made their plans public, 11 provinces have aimed for a slower expansion pace this year while six have set...
  • Hong Kong and Singapore are successfully establishing themselves as investment platforms for Asian funds, especially private wealth. Photo: Savills

    Southeast Asia tipped to attract sizable foreign investment

    - Feb 16, 2017 3:42pm
    Asia-Pacific is seeing a new wave of liquidity, driven by institutional capital and sovereign wealth funds and augmented by cash from private sources, either domestic developers (particularly in China, South Korea and Japan) or corporate and...
  • Capital flight appears to be slowing amid tighter regulatory controls. Photo: Reuters

    China overseas investment, property purchases slump

    Feb 16, 2017 1:17pm
    China’s non-financial outbound direct investment (ODI) slumped in January while its offshore property purchases plunged after authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country’s foreign exchange...
  • Members of the European Parliament vote on the Comprehensive Economic Trade Agreement in Strasbourg, France on Wednesday. Photo: Reuters

    EU, Canada secure clearance for free trade deal

    Feb 16, 2017 10:02am
    The European Union and Canada have secured clearance for their contentious free trade deal. Following months of protest and uncertainty, European Parliament lawmakers backed the Comprehensive Economic and Trade Agreement (CETA) by 408-254, Reuters reports. This means...
  • Janet Yellen testifies before a senate committee on Capitol Hill. She said a faster pace of interest rate hikes would be appropriate if the economy continues to meet expectations. Photo: Reuters

    Yellen sees more rate hikes ahead if economy stays on course

    Feb 15, 2017 8:24am
    Federal Reserve chairman Janet Yellen said more interest-rate increases will be appropriate if the US economy meets the central bank’s outlook of gradually rising inflation and tightening labor markets, Bloomberg reports. “At our upcoming meetings, the...
  • Consumer inflation quickened to 2.5 percent in January from a year earlier, the highest since May 2014. Photo: Bloomberg

    China inflation picks up, central bank eyes tighter policy

    Feb 14, 2017 2:24pm
    China’s producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended their rally. Consumer inflation in the country also rose more than expected,...
  • Canadian Prime Minister Justin Trudeau (left) meets with US President Donald Trump in the Oval Office. Trudeau said he expects each country to always remain each other's most essential partner. Photo: Reuters

    Trump to ‘tweak’ trade ties with Canada

    Feb 14, 2017 8:23am
    President Donald Trump said on Monday the United States would be “tweaking” its trade relationship with Canada, stopping short of calling for a major realignment in a development likely to please visiting Canadian Prime Minister Justin...
  • Enhancing the sustainability of its agricultural sector and the pursuit of better quality produce will be the main focus of China’s agricultural reform. Photo: China Daily

    Two Sessions trading focus: Upgrade in agricultural sector

    - Feb 13, 2017 5:49pm
    China’s A shares usually perform well ahead of the annual Two Sessions, not to mention that recent economic figures are also quite promising. The nation’s foreign trade turned out to be better than expected despite pressure...
  • Pedestrians cross the street in Tokyo's Ginza shopping district. Private consumption showed no growth in the last quarter. Photo: Reuters

    Exports boost Japan economy in fourth quarter

    Feb 13, 2017 10:42am
    Japan’s economy grew for a fourth straight quarter in the final three months of 2016 on the back of strong exports. However, weak private consumption and rising protectionism in the United States suggested a sustainable recovery...
  • China's foreign currency reserves have fallen to the lowest level in nearly six years even as authorities have tried to curb capital outflows. Photo: Bloomberg

    China forex reserves drop to near six-year low

    Feb 8, 2017 8:44am
    China’s foreign currency reserves dropped below the US$3 trillion level for the first time in nearly six years, data showed Tuesday, highlighting the challenges faced by Beijing in curbing capital outflows. According to figures released by...
  • The Federal Reserve should consider a rate hike in March if growth in jobs and wages continues, according to a senior official. Photo: Reuters

    Fed’s Harker says March rate hike should be considered

    Feb 7, 2017 8:59am
    Philadelphia Federal Reserve Bank President Patrick Harker is open to raising interest rates again at the US central bank’s March meeting if growth in jobs and wages continues, Reuters reports. “I still am supportive of three...
  • If US President Donald Trump decides to impose a 45 percent tariff on goods imported from China, it could slash China’s exports by 10 percent, experts say. Photo: Reuters

    Dark clouds over China economy: Trump uncertainties and others

    - Feb 3, 2017 4:36pm
    Two weeks on, US President Donald Trump has been doing exactly what he said he would do during his campaign. Does that mean heavy tariff on goods imported from China is about to become reality, too?...
  • Softening of the US dollar and the failure of the Dow to stay above 20,000 points could be signs that the “Trump euphoria” is fading. Photo: Reuters

    Trump risks investors cannot afford to ignore

    - Feb 2, 2017 4:23pm
    “I will build a great, great wall on our southern border. And I will make Mexico pay for that wall. Mark my words,” Donald Trump said during his campaign. Apparently, Trump meant what he said. Since...
  • US President Donald Trump has accused China of intentionally devaluing the renminbi in order to boost its export competitiveness. But the truth is quite the opposite. Photo: Reuters

    Trumping the renminbi

    - Feb 1, 2017 9:44am
    At the recently concluded World Economic Forum Annual Meeting in Davos, Switzerland, Chinese President Xi Jinping mounted a robust defense of globalization, reaffirming his country’s “open door” policy and pledging never to seek to start a...
  • Donald Trump's unexpected victory in the US presidential election has completely changed the fate of TPP. Photo: Reuters

    Trump TPP withdrawal seen as a golden opportunity for China

    - Jan 27, 2017 3:53pm
    US President Donald Trump signed on Monday an executive order to withdraw his nation from the negotiating process of the Trans-Pacific Partnership (TPP), wiping out six-year-long efforts of the Obama administration. Former president Barack Obama first...
  • Last year,  China issued the first national guidelines to pave the way for pension funds to invest in the stock market. Photo: China Daily

    China stock markets hope for pension fund boost

    - Jan 27, 2017 3:15pm
    Low fertility rate and an aging population have become major issues for China. The working-age population, or those between 15 and 59 years old, has already started to decline after peaking in 2011. The nation’s overall...
  • Prime Minister Shinzo Abe plans to visit Washington as early as Feb. 10 to discuss trade issues with US President Donald Trump. Photo: AFP

    Japan open to trade talks with US after TPP pull-out

    Jan 27, 2017 8:18am
    Japan’s Prime Minister Shinzo Abe said he is willing to consider two-way trade talks with the United States following President Donald Trump’s decision for his country to withdraw from the Trans-Pacific Partnership. The Wall Street Journal...

EJI Weekly Newsletter

Please click here to unsubscribe