OFF INTO THE WILD WET YONDER How does this...
Markets
New Credit Rating World Order
- Jul 11, 2014 6:55 PM
- by Michael Musashi
- in Markets
- 1778 Views
- 0 Comments
If any of you were paying attention during the financial crisis of 2007–08, you may remember when the U.S. credit rating agencies failed the entire world. This is not an exaggeration or hyperbole—fundamentally their business models failed and they were completely exposed. Imagine a bridge builder paying a bridge...
Read More- Jul 08, 2014 8:00 AM
- by Michael Musashi
- in Markets
- 1574 Views
- 0 Comments
Over at the often contrarian and somewhat foreboding Zero Hedge (ZH), they have a report regarding their take on the recent Nikkei Review’s report that “the Government Pension Investment Fund (GPIF) and other public pensions sold approximately ¥1.8 trillion (US$17.4 billion) more in Japanese government bonds than they bought...
Read More- Jun 30, 2014 4:10 PM
- by Michael Musashi
- in Markets
- 1650 Views
- 1 Comment
Coming soon to a financial district near you… the Asian Infrastructure Investment Bank (AIIB). China is in the process of setting up the AIIB to fund infrastructure projects in the Asia region as a complement to what the Asian Development Bank (ADB) is already doing. Initial paid-in capital is...
Read More- Jun 24, 2014 8:00 AM
- by Michael Musashi
- in Markets
- 1553 Views
- 0 Comments
Tensions between China and Japan escalated to the point last year where even a casual observer could see there was serious cause for concern… but the numbers are now in, and it seems that the business reality of things paints a rosier picture. Foreign direct investment (FDI) into China...
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Markets
Not So Fast on Those Thai Stocks
- Jun 18, 2014 1:46 PM
- by Michael Musashi
- in Markets
- 2446 Views
- 0 Comments
Thailand’s largest asset managers are holding cash and remaining skeptical on the mad rush into the benchmark SET Index, which jumped 20% from this year’s low. As a seeming contrast to the exuberance, the country’s Social Security Office (SSO), which manages pensions for local workers, and Bangkok-based Kasikorn Asset...
Read More- Jun 13, 2014 8:05 AM
- by Michael Musashi
- in Markets
- 1903 Views
- 0 Comments
Financial services, manufacturing, real estate, mining, wholesale, and retail in the Philippines all saw a surge of net foreign direct investments of nearly 80%. Bangko Sentral ng Pilipinas (BSP) reports that the month of March showed an increase to US$476 million, from US$266 million in the same month last...
Read More- Jun 12, 2014 8:10 AM
- by Michael Musashi
- in Markets
- 1566 Views
- 1 Comment
Not since 1970 have foreign visitors to Japan outspent Japanese visitors abroad. It’s taken 44 years, but according to Japan’s Ministry of Finance the country’s travel balance is finally out of the red. This balance is calculated very simply by subtracting the amount Japanese travelers have spent overseas from...
Read More- Jun 12, 2014 8:05 AM
- by Michael Musashi
- in Markets
- 1751 Views
- 1 Comment
The Boston Consulting Group (BCG) has said in its annual report, Global Wealth 2014, that the Asia–Pacific region excluding Japan will be the wealthiest in the world in terms of private wealth. The report defines private wealth as cash, deposits, and securities, but excludes real estate. The report also...
Read More- Jun 09, 2014 8:24 PM
- by Michael Musashi
- in Markets
- 2184 Views
- 3 Comments
Famous for a variety of reasons, the City by the Bay could soon be adding currency trading center to its resume, as it sets out to become the West Coast hub for currency transactions conducted in Chinese Renminbi (RMB). If successful, San Francisco would join ranks alongside Hong Kong,...
Read More- Jun 09, 2014 1:29 PM
- by Michael Musashi
- in Markets
- 2583 Views
- 1 Comment
Myanmar to issue foreign banks limited licenses towards the end of the year, with the goal of attracting foreign investment into the frontier market. Current foreign banks with representative offices in Myanmar include Standard Chartered PLC, Thailand’s Siam Commercial Bank, Singapore’s Oversea-Chinese Banking Corporation (OCBC), Australia and New Zealand...
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