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Wednesday, 17 June 2009
Why no one wants regime change in North Korea
The reason is simple. No matter how much neighbouring governments might despise and fear the loathsome North Korean regime, no one wants to pick up the economic bill if it collapses, forcing an early reunification with South Korea.
Roubini: Emerging Markets Will End Dollar’s Reign
It’s No Bull: Bears Are Still In Control of the Stock Market
Tuesday, 16 June 2009
More Pain Ahead For US Economy: Roubini, Shiller
A rebound in key U.S. economic indicators masks an underlying malaise that will likely hamstring growth for many years and keep housing and banks in a rut, several top economists said Monday.
Earnings Could Rebound Sharply: Goldman’s Cohen
Risk aversion has eased, while inventory rebuilding and new business spending bode well for an economic recovery that could provide a dramatic surge in corporate profits by year end, Goldman Sachs senior investment strategist Abby Joseph Cohen said Monday.
Commodity Rally: Reality or Illusion
In sum, we believe the recent rally of commodity prices is partly a correction of overshooting, helped partially by updated economic data, but most importantly, a result from excess liquidity that has weighed on the dollar and brewed expectation for inflation. Whether or not the rally will persist depends on whether central banks will continue the monetary largess or tighten the tap.
Monday, 15 June 2009
Asia Tiger’s UK waste management site to start operations in July
Mainboard-listed Asia Tiger Group says that its investment in Think Environmental Limited, a UK-based waste management company, will begin operation of a waste management site this July. The site will process up to 75,000 tonnes of commercial waste annually and is expected to generate revenues of about $10.7 million a year.
Porsche Says China to Pass Germany as No. 2 Market in 3 Years
Porsche SE said China may pass Germany as its second-biggest market within three years on rising wages and demand for the $260,000 Panamera sports sedan.
Blowing a big bubble in emerging markets?
Fed’s credit expansion plan may be sowing the seeds for the next crisis
High-end brands bump into cultural challenge in China
China may become the world’s biggest luxury market in some years but cultural challenges to win customers’ hearts for certain types of products remain, industry executives said. Champagne house Taittinger said it could make high-end sparkling wine in China but the market was not ready for it yet, while Lamborghini said the country’s tradition of luxury chauffeurs, bigger than sports driving, made expansion there a challenge.
Players see revival of IPO market this year
But main wave of offerings could come to market only next year
China banks now eye Western targets
Non-performing loans will not be problem in China, its bankers insist
Be aware of what could cause the trend to bend
The view for the week ahead therefore remains the same as it’s been for many weeks now - liquidity and momentum are in the bulls’ favour, but investors should stay alert for signs that could cause the trend to bend because there are actually many if you look hard enough.
Part II: Cities Rush into Debt -- and Possible Peril
Recent bond sales easily raised billions for cities in eastern provinces such as Anhui and Zhejiang. Repaying will be harder.
China May Be First and Last out of Recession
China may be the last one to say goodbye to the recession, because it has to make “difficult adjustments” to transform its economy from exports-driven to domestic consumption-oriented.
Friday, 12 June 2009
Celestial NutriFoods in a bind
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