All posts tagged Race and ethnicity in the United States Census

Credit squeeze in Asia now worst since financial crisis

Credit squeeze in Asia now worst since financial crisis

Bank lending conditions in emerging Asian nations have tightened the most since the global financial crisis, according to the latest survey from the Institute of International Finance (IIF).

The report shows the region`s headline index falling to a reading of 45.7, below the key 50-level that divides easing and tightening territory and its lowest level since the beginning of the survey in 2009.

Asia also showed the tightest lending conditions of global emerging regions.

The survey questioned 133 banks across Latin America, Europe, Asia and the Middle East- Africa region and Asia`s headline figure of 45.7 was the lowest. Latin America was second-worst at 47.6 while Africa and the Middle East had the best result at 52.9.

Read more

Leave a comment
by admin on August 2, 2013  •  Permalink
Posted in Asia, Bank, Business, Economics, Finance
Tagged , , , , , , ,

Posted by admin on August 2, 2013

https://theasiancenturyreport.wordpress.com/2013/08/02/credit-squeeze-in-asia-now-worst-since-financial-crisis-2/

Former Mizuho Credit Trading Head Plans Own Hong Kong Hedge Fund

Former Mizuho Credit Trading Head Plans Own Hong Kong Hedge Fund

Jeffrey Yap, former head of Asian fixed-income trading at a unit of Mizuho Financial Group Inc. (8411), plans to start his own credit-focused hedge fund in Hong Kong.

Yap, who worked for Mizuho Securities Asia Ltd. until May, will be joined at Ark One Ltd. by two other founding partners he declined to identify. They plan to open the fund to investors in mid-August, pending license approval by the city’s Securities and Futures Commission, he said in an interview in Hong Kong yesterday.

Yap is the latest credit trader to start a fund amid record debt sales in the region spurred by lowinterest rates and yield premiums for risky borrowers, combined with regulatory relaxation. Equity hedge funds still account for 71 percent of regional industry assets, compared to 27 percent globally, according to Chicago-based Hedge Fund Research Inc.

Read more

Leave a comment
by admin on July 31, 2013  •  Permalink
Posted in Asia, Business, Finance, Hong Kong, Investment
Tagged , , , , , , ,

Posted by admin on July 31, 2013

https://theasiancenturyreport.wordpress.com/2013/07/31/former-mizuho-credit-trading-head-plans-own-hong-kong-hedge-fund/

Businesses must rise up to meet the Asian Century

Businesses must rise up to meet the Asian Century

Australians are increasingly being called on to demonstrate Asia skills in the workplace. Recently, three young members of my family – all working in professional services – have been asked at short notice to join teams where high-level knowledge of Asia has been expected. In fact, it has been critical to getting the job done.

Australia faces an urgent generational challenge: we need to understand what it means to be part of Asia, and part of the Asian Century. We need to skill up for an already fundamentally different world, in which Asian countries are our primary trading partners, most important markets and increasingly significant investment partners.

Read more

Leave a comment
by admin on July 26, 2013  •  Permalink
Posted in Asia, Australia, Business, Economics, Policy
Tagged , , , , , ,

Posted by admin on July 26, 2013

https://theasiancenturyreport.wordpress.com/2013/07/26/businesses-must-rise-up-to-meet-the-asian-century/

Asia Stocks Down on China’s Resistance to Inject Money in Markets

Asia Stocks Down on China’s Resistance to Inject Money in Markets

MANILA, Philippines— Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world’s No. 2 economy.

Beijing ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful makeover of the economy. That move followed weak manufacturing data on Wednesday.

Communist leaders are trying to reduce reliance on investment and trade. But a slowdown that pushed China’s economic growth to a two-decade low of 7.5 percent last quarter had earlier prompted suggestions they might have to reverse course and stimulate the economy with more investment to reduce the threat of job losses and unrest.

Read more

Leave a comment
by admin on July 26, 2013  •  Permalink
Posted in Asia, Bank, China, Finance, Market, Stock
Tagged , , , , , , ,

Posted by admin on July 26, 2013

https://theasiancenturyreport.wordpress.com/2013/07/26/asia-stocks-down-on-chinas-resistance-to-inject-money-in-markets/

Why Looking Good Matters to Asian Private Equity Firms

Why Looking Good Matters to Asian Private Equity Firms

Investments into skincare and cosmetic companies are proving an attractive proposition for Asian private equity firms as consumers spend more money on beauty products.

L Capital Asia, a private equity shop backed by LVMH Moet Hennessy Louis Vuitton, has become the latest firm to invest in a Chinese skincare company called Guangdong Marubi Biological Technology Stock Co., becoming the second-largest shareholder in the company.

Private equity investments into Asian perfume, cosmetic and toiletries businesses rose to six deals last year, up from two in 2011, according to data provided by Preqin. So far this year, there have been three deals: L Capital Asia’s $100 million investment into Marubi, ChrysCapital’s $43.1 million investment into Indian shampoo and skincare company CavinKare, and Baring Private Equity Asia’s $2.9 million investment into Hong Kong-listed skincare business Magic Holdings International Ltd.

Read more

Leave a comment
by admin on July 17, 2013  •  Permalink
Posted in Asia, Business, Finance, Investment
Tagged , , , , , , ,

Posted by admin on July 17, 2013

https://theasiancenturyreport.wordpress.com/2013/07/17/why-looking-good-matters-to-asian-private-equity-firms/

Japan shares faring better than Asian peers as global clouds gather

Japan shares faring better than Asian peers as global clouds gather

TOKYO, July 12 (Reuters) – Japan’s aggressive reflationary policies will help its share market fare better than Asian peers, weakened by concerns that China’s growth is slowing and expectations that the U.S. Federal Reserve will begin winding down its massive stimulus programme.

Prime Minister Shinzo Abe’s ruling Liberal Democratic Party is expected to consolidate its rule by winning the upper house election on July 21, allowing the market to stay focused on signs of an improving economythanks in part to a weaker yen’s support for big exporters like Toyota Motor Corp.

“The main focus in the global market will still be the U.S. economic recovery and the timing of the Fed’s tapering, but if Abe does not disappoint, the Nikkei should be supported by the domestic economic recovery hopes,” said Takatoshi Itoshima, chief portfolio manager at Commons Asset Management.

Read more

Leave a comment
by admin on July 12, 2013  •  Permalink
Posted in Asia, Economics, Finance, Japan, Market, Stock
Tagged , , , , , , , , ,

Posted by admin on July 12, 2013

https://theasiancenturyreport.wordpress.com/2013/07/12/japan-shares-faring-better-than-asian-peers-as-global-clouds-gather/

Asian Markets Higher Amid Cautious Trades

Asian Markets Higher Amid Cautious Trades

(RTTNews.com) – Asian stock markets are mostly trading higher on Wednesday,  tracking the overnight cues from Wall  Street  where stocks ended higher for the fourth straight day.

However, gains are muted as investors seemed reluctant to make any  significant moves ahead of the release of the minutes of the latest Federal  Reserve meeting on Wednesday and the Bank of Japan’s two-day policy board  meeting that will end on Thursday.

In the Australian market, shares extended gains from Tuesday. Mining, energy,  financial, consumer discretionary, healthcare and industrial stocks are trading  higher. Property trusts stocks are trading lower.

Read more

Leave a comment
by admin on July 10, 2013  •  Permalink
Posted in Asia, Business, Finance, Market, Stock
Tagged , , , , , , ,

Posted by admin on July 10, 2013

https://theasiancenturyreport.wordpress.com/2013/07/10/asian-markets-higher-amid-cautious-trades/

GLOBAL MARKETS-Asian stocks edge up, eyes on Portugal, U.S. jobs

GLOBAL MARKETS-Asian stocks edge up, eyes on Portugal, U.S. jobs

SINGAPORE/SYDNEY, July 4 (Reuters) – Asian stocks clawed higher on Thursday but gains were tempered by concerns over political turmoil inPortugal and investor caution ahead of key events including Friday’s U.S. jobs data.

European shares were seen likely to inch higher. Capital Spreads forecast Britain’s FTSE 100 up 12 points, Germany’s DAX rising 19 points and France’s CAC 40 gaining 8 points.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose about 1 percent, recouping a portion of Wednesday’s slide of roughly 2.5 percent.

Read more

Leave a comment
by admin on July 4, 2013  •  Permalink
Posted in Asia, Economics, Finance, Market, US
Tagged , , , , , , , , ,

Posted by admin on July 4, 2013

https://theasiancenturyreport.wordpress.com/2013/07/04/global-markets-asian-stocks-edge-up-eyes-on-portugal-u-s-jobs/

Boyu Capital Avoids China’s ‘Princeling’ Curse

Boyu Capital Avoids China’s ‘Princeling’ Curse

More often than not, private equity funds set up by the sons and daughters of top Chinese government officials, also known as “princelings,” have been met with a barrage of criticism for being unprofessional and investing money willy-nilly into deals.

But Boyu Capital, which counts among its partners Alvin Jiang, the grandson of elder political statesman Jiang Zemin, has won praise from investors and is expected to quickly attract capital for its second fund, which it plans to launch later this year with a $1.5 billion target. One Beijing-based limited partner also pointed to the pedigrees of the firm’s four other partners as a testament to the firm’s professionalism.

Boyu’s co-founders include Mary Ma, who previously worked as a managing director of TPG Capital’s Asian arm, former Ping An Insurance 601318.SH -1.19% (Group) Co. president Louis Cheung and Sean Tong, a former managing director at Providence Equity Partners.

Read more

Leave a comment
by admin on July 3, 2013  •  Permalink
Posted in Asia, Business, China, Finance
Tagged , , , , , , , ,

Posted by admin on July 3, 2013

https://theasiancenturyreport.wordpress.com/2013/07/03/boyu-capital-avoids-chinas-princeling-curse/

Asian corporates face higher financing costs

Asian corporates face higher financing costs

MANILA, Philippines – Asian corporates face higher financing costs for expansion plans as the recent financial market turmoil underscored the fast-growing region’s vulnerability to sell-offs, an investment bank said yesterday.

“In the context of weak global growth and stalling demand from China, falling asset values and rising funding costs are likely to hit capex plans, particularly in Southeast Asia,” Barclays said in a report.

Capital expenditures or capex pertain to firms’ spending to boost production and expand businesses. The British lender said at this early, capital goods imports have already turned “negative” for Indonesia, Thailand and the Philippines.

Read more

Leave a comment
by admin on July 1, 2013  •  Permalink
Posted in Asia, Business, Finance, Policy
Tagged , , , , , , , , ,

Posted by admin on July 1, 2013

https://theasiancenturyreport.wordpress.com/2013/07/01/asian-corporates-face-higher-financing-costs/