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Some staff members were asked to remain at the offices overnight on Tuesday, the BBC said. But the offices are now open for people to enter and leave as needed. A special investigation team appointed by India’s Supreme Court in 2012 found no evidence to suggest he was to blame. India’s main opposition Congress party described the ongoing tax searches at the BBC offices as a “brazen attack” on India’s free press. The raids raised fears of censorship in India, with several media organizations issuing statements condemning the government’s actions.

☆ Business Technology Chiefs Question ChatGPT’s Readiness for the Enterprise
▼ + stars: | 2023-02-15 | by ( Angus Loten | Chris Bedi | ) www.wsj.com time to read: +7 min

Yet some business-technology professionals are uneasy about integrating it into the enterprise stack, citing concerns over its use of online data and security risks. But at the moment, ChatGPT “should be used with caution in an enterprise business setting,” she said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. For now, Mr. Schmidt said, generative AI capabilities should be reserved for writing corporate boilerplate—product or service announcements, or other promotional materials. For enterprise information-technology, “ChatGPT use cases might be a smaller universe than people are imagining,” he said.

BBC News reported on television that people had not been allowed to enter or leave the offices. The raids come after the Indian government said it used “emergency powers” to block the documentary from airing in the country, adding that both YouTube and Twitter complied with the order. A BBC spokesperson told CNN that the organization was “fully cooperating” with authorities. The two-part documentary “India: The Modi Question” criticized the then-chief minister of the western state of Gujarat in 2002 when riots broke out between the state’s majority Hindus and minority Muslims. But the riots remain one of the darkest chapters in India’s post-independence history, with some victims still awaiting justice.

☆ Japanese investors turn net buyers of overseas bonds in January
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

According to data from Japan's Ministry of Finance, Japanese investors purchased a net 1.56 trillion yen ($11.79 billion)worth of foreign bonds in January, marking their biggest buying spree since September 2021. Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities, said Japanese buyers were likely buying foreign bonds on an unhedged basis. "Buying FX-hedged foreign bonds makes little sense given Japanese government bonds are a more attractive option," he said. The data showed that in the first week of February, Japanese investors bought 1.1 trillion yen worth of overseas bonds. Meanwhile, domestic investors also poured 1.67 trillion yen into foreign equities in January in a second straight month of net buying.

☆ Global equity funds see outflows on rate hike worries
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

Refinitiv Lipper data showed investors withdrew about $209 million from global equity funds in the week to Feb. 8, marking their first weekly net selling since Jan. 4. read moreU.S. equity funds recorded outflows of $470 million, although investors purchased European and Asian funds of about $100 million each. Global short- and medium-term bond funds remained in demand for a third week as they received a net $2.38 billion. Global bond fund flows in the week ended Feb 8Global money market funds recorded outflows of $4.47 billion compared with the previous week's $1.12 billion net purchases. Data for 24,697 emerging market (EM) funds showed equity funds secured a net $2.74 billion in a fifth successive week of net buying, while bond funds obtained a net $1.3 billion worth of inflows.

☆ Asian stocks draw massive foreign inflows on softer dollar, growth optimism
▼ + stars: | 2023-02-09 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

They had sold $57.2 billion in regional equities last year. Taiwan and South Korea witnessed their biggest monthly purchases in at least two years, with net inflows amounting to about $6.6 billion and $5 billion, respectively. "That may account for the strong inflows in Taiwan and South Korea, which are more growth-exposed." Meanwhile, equity markets in Thailand, Vietnam and the Philippines also received $565 million, $178 million and $122 million worth of foreign money, respectively. Indian equities witnessed $3.52 billion worth of outflows due to higher valuations and the fallout from the slump in Adani Group stocks.

☆ Some Goldman Sachs partners want to tell the board about their concerns over CEO David Solomon
▼ + stars: | 2023-02-08 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

A decline in morale at the Wall Street firm concerns some Goldman partners. Here are their concerns about CEO David Solomon, who addressed the partners in Miami. CEO David Solomon addressed Goldman Sachs' partners today at the firm's annual partners meeting in Miami. There's little history for Goldman partners taking their concerns directly to the board. Since then, according to someone who has spoken to investors, more shareholders have questioned how long Solomon can last as Goldman's CEO.

Feb 7 (Reuters) - Emerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China's reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and EM bond funds obtained $11.36 billion in January. Fund flows: EM equities and bondsIn 2022, EM bond funds faced a combined net outflow of $26.26 billion. In January, the iShares Core MSCI Emerging Markets ETF and iShares JPMorgan USD Emerging Markets Bond ETF received $3.2 billion and $2.4 billion, respectively, while iShares MSCI Emerging Markets ETF and BlackRock Emerging Markets Fund; Inst obtained over $1 billion each. Initial euphoria over China's reopening has fizzled out and EM assets have seen slight declines in February.

☆ U.S. bond funds gain inflows for fourth week in a row
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +1 min

Feb 3 (Reuters) - U.S. bond funds drew money inflows for a fourth straight week in the seven days to Feb. 1, on hopes of slowing rate hikes, with its economy grappling against a slowdown. Refinitiv Lipper data showed investors purchased a net $197 million worth of U.S. bond funds, although a big drop from the previous week's $4.84 billion worth of net purchases. read moreInvestors purchased $438 million worth of municipal bond funds, but U.S. taxable bond funds witnessed $252 million worth of outflow, the first weekly net selling in five weeks. U.S. short/intermediate investment-grade funds received $2.81 billion worth of inflows, the biggest amount in three weeks, while U.S. emerging markets debt funds had $273 million worth of net buying. Investors sold tech and real estate sector funds of $261 million and $248 million, respectively, but energy funds drew $436 million worth of inflows.

☆ ChatGPT introduced AI to the masses and it's already affecting us
▼ + stars: | 2023-02-02 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

ChatGPT is part of a growing field of AI known as generative AI. Funding for generative AI companies reached $1.37 billion in 2022 alone, according to Pitchbook. "Generative AI is very different. But generative AI still faces a number of challenges, including developing content that is inaccurate, biased or inappropriate. Watch the video to learn more about how generative AI like ChatGPT works and what the technology may mean for businesses and society as a whole.

Foreign investors, many of them already underweight what they consider an overpriced stock market, are reducing exposure. "Only Adani Group is trading with these ridiculously high multiples, and that is the core of the problem." "At this point in time, I don’t think it’s a systemic risk," said Jimmy Lim, chief investment officer at Modular Asset Management in Singapore. "We don't think that there's going to be a default anytime soon, although I don't expect any kind of near-term resolution between Adani Group and Hindenburg," Chao said. Yet Chao expects the selloff to help bring Indian stock valuations to more "palatable levels" for investors.

☆ Mutual funds have low exposure to Adani companies
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Mutual funds have low exposure to listed Adani Group companies, whose shares have dropped since publication of a report into the group by Hindenburg Research on Jan. 24. Mutual funds from India and elsewhere hold just 3.4% of Adani Enterprises (ADEL.NS), 2.8% of Adani Total Gas (ADAG.NS) and 3.6% of Adani Green Energy (ADNA.NS). Adani Enterprises and Adani Port (APSE.NS) are constituents of the Nifty 50, so they are automatically in portfolios of some exchange-traded funds (ETFs) and index funds. But active funds have very little exposure to Adani stocks and are largely unscathed by their fall. Among active funds, the Kotak Balanced Advantage fund , which has positions in Adani Enterprises and Adani Ports and Special Economic Zone, has shed just 0.5%.

Adani Transmission (ADAI.NS), Adani Total Gas (ADAG.NS), Adani Green Energy (ADNA.NS), Adani Power (ADAN.NS) and Adani Wilmar (ADAW.NS) fell between 5% and 20% on Monday. It stayed well below the offer price of the issue, which if successful will be largest such share offering ever in India. Adani Enterprises' $2.5 billion secondary share sale closed its second day amid weak investor sentiment. The stock closed at 2,892.85 rupees, 7% below the 3,112 rupees lower end of the offer price band. "While there is a risk that the share sale does not go through, it will be crucial today to wait and see how institutional investors participate."

☆ Global equity funds attract inflows for third week in a row
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

Jan 27 (Reuters) - Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the Federal Reserve kept sentiment buoyant. Refinitiv Lipper data showed global equity funds obtained $3.23 billion worth of inflows during the week, compared with $5.16 billion worth of net purchases in the previous week. European and Asian equity funds received $3.15 billion and $1.36 billion worth of inflows, but investors sold about $1.14 billion worth of U.S. equity funds. Fund flows: Global equity sector fundsMeanwhile, global bond funds accumulated a net $11.35 billion worth of inflows in a fourth successive week of net buying. Data for 24,502 emerging market (EM) funds showed equity funds attracted a net $5.02 billion in a third successive week of net buying, while bond funds obtained a net $3.9 billion worth of inflows.

☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
▼ + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.

☆ Global equity funds post second weekly inflows in a row
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

Refinitiv Lipper data showed global equity funds obtained $5.24 billion worth of inflows during the week, a tad higher than the previous week. Fund flows: Global equities, bonds and money marketEuropean equity funds received $7.06 billion, while Asian equity funds obtained $1.16 billion. Meanwhile, global bond funds also had inflows for the third consecutive week, drawing $13.23 billion worth of money. Investors purchased global corporate funds worth $3.74 billion, with high-yield funds luring $2.1 billion. Fund flows: Global equity sector fundsGlobal money market funds faced their first outflow in four weeks, suggesting increased investor risk appetite.

☆ Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data
▼ + stars: | 2023-01-19 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

Jan 19 (Reuters) - Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary policy raise hopes for higher profits. According to Refinitiv IBES data, China's large and mid-cap companies' profits are seen rising 16.2% in 2023, the fastest growth since 2017. The Reuters analysis showed utilities, consumer staples and consumer discretionary sectors are expected to lead growth with their estimated profit growth of 34.5%, 33.5% and 27.8%, respectively. Meanwhile, the tech sector is expected to see earnings growth of 27% compared with 9.4% in 2022 while the property sector would witness 9.4% higher profits after a 4.9% drop last year. read more"We expect China to outperform Asia ex-Japan due to its faster-than-anticipated reopening, continuing domestic policy support, and potential for stronger earnings growth," said Mark Haefele, chief investment officer at UBS Global Wealth Management, in a note this month.

☆ Global equity funds see first weekly inflow in 10 weeks
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

Jan 13 (Reuters) - Global equity funds drew their first weekly inflow in 10 weeks in the week to Jan. 11 on hopes of easing inflation and expectations that China's re-opening would boost global economies. Refinitiv Lipper data showed global equity funds attracted $5.17 billion in net purchases, for their first weekly inflow since Nov. 2. European and Asian equity funds received $7.35 billion and $1.54 billion worth of inflows, but investors exited U.S. funds worth $2.01 billion. Fund flows: Global equity sector fundsEquity funds focused on China accumulated $1.61 billion worth of inflows, the biggest since July 6. Data for 24,627 emerging market (EM) funds showed, bond funds secured $730 million in net buying, while equity funds drew $3.94 billion, the biggest weekly inflow since April 2022.

☆ Asian companies see earnings upgrades by analysts over the past month
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings downgrades in the last year, as China's reopening and slowing inflationary pressures boost optimism. MSCI Asia-Pacific's (.MIAP00000PUS) 2023 earnings estimates were raised by 2.5% over the past month, with China's earnings raised by 3.1%, followed by Japan's 2.3%. By sector, analysts lifted consumer discretionary and industrials earnings by over 2% in the past month, while financials and tech companies were increased by 1.2% each. Last year, analysts cut their forward 12-month earnings by 7% as the region's revenues shrank due to China's stricter COVID-restrictions and as higher product prices affected companies' profit margins. Breakdown by sector for estimates changes"In general, valuations of Asian equities look attractive compared with those of developed markets.

☆ Global equity funds post outflows for ninth week in a row
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, global equity funds recorded a net $15.42 billion worth of withdrawals, compared with just $791 million worth of disposals in the previous week. U.S. equity funds suffered $20.72 billion worth of net selling, but investors bought European and Asian funds of $3.16 billion and $1.06 billion, respectively. Fund flows: Global equity sector fundsMeanwhile, investors secured a net $5.28 billion worth of bond funds in their first weekly net buying since mid-August. Government bond funds also attracted $4.37 billion in inflows, but inflation- protected funds had outflows of $108 million. According to data available for 24,528 emerging market (EM) funds, investors exited $901 million worth of equity funds in a second straight week of net selling but bond funds drew a net $954 million in inflows.

☆ Asian stocks in 2022 suffer biggest foreign outflows since 2008 global crisis
▼ + stars: | 2023-01-04 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

Jan 4 (Reuters) - Foreign investors withdrew more money from emerging Asian equities in 2022 than they had done in any year since the global financial crisis in 2008, as rising U.S. interest rates pulled funds towards dollar assets. Data from stock exchanges in Taiwan, India, the Philippines, Vietnam, Thailand, Indonesia and South Korea showed foreigners sold equities worth $57 billion last year, the biggest outflow since 2008. Taiwanese equities faced outflows worth $41.6 billion last year, leading the regional sales, while India and South Korea witnessed an outgo of $15.4 billion and $9.6 billion, respectively. Yearly foreign investment flows: Asian equitiesHit by falling foreign demand and a worsening economic outlook, the MSCI's Asia Pacific index (.MIWD00000PUS) plunged 19.4% last year - the biggest fall since dropping 43.3% in 2008. On the flip side, India, Vietnam and Thailand received net inflows of $1.36 billion, $559 million and $372 million, respectively, in December.

☆ Global equity funds see outflows for an eighth straight week
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Dec 30 (Reuters) - Global equity funds posted net outflows for an eighth straight week in the seven days to Dec. 28 as a stronger than expected U.S. GDP reading raised worries that U.S. interest rates could stay higher for longer. According to Refinitiv Lipper data, investors withdrew a net $529 million from global equity funds, although that was down from $39.1 billion the previous week. Short- and mid-term bond funds experienced their 19th straight week of outflows, at $1.59 billion, while high yield bond funds lost a net $179 million. Global bond fund flows in the week ended Dec. 28Investors purchased lower risk money market funds worth a net $14.18 billion and parked $814 million in government bond funds in a eighth straight week of net buying. According to data available for 24,668 emerging market (EM) funds, both equity and bond funds saw net weekly outflows, amounting $344 million and $97 million, respectively.

☆ Indians face up to 3-year wait times for U.S. tourist visas
▼ + stars: | 2022-12-22 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Other consulates are only taking appointments for emergency tourist visas, which experts suspect have a shorter backlog of their own. NBC News reached out to the State Department and has not received a response. “The Department of State is successfully lowering visa interview wait times worldwide,” the statement said. The State Department cites staffing issues which it is trying to remedy, but Gelatt says it won't be a quick process. “The State Department says that they’re doubling their hiring and they’re training up staff,” Gelatt said.

Some top equity strategists predict no profit growth or even a decline in earnings. For the U.S. benchmark S&P 500, analysts project full-year 2023 profit growth of 4.7% following estimated growth of 5.7% for all of 2022, based on Refinitiv data. Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities in New York, recently lowered his profit forecast and expects a decline in year-over-year S&P 500 earnings in 2023. "Our analysis shows that both earnings and margins typically contract when global GDP (gross domestic product) growth ran below trend". Earnings breakdown by regionEarnings growth by global sectorBlackRock in its 2023 global outlook said earnings expectations are not yet pricing in a recession.

☆ U.S. equity funds gain first weekly inflow in four weeks
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

According to Refinitiv Lipper data, investors bought a net $3.9 billion worth of U.S. equity funds, marking their first weekly net buying since Nov. 16. Fund flows: US equities bonds and money market fundsFinancial sector funds obtained $521 billion worth of inflows after three straight weeks of outflows. Fund flows: US equity sector fundsMeanwhile, U.S. bond funds continued to record outflows for a sixth week, with disposals amounting to a net $3.75 billion. Investors withdrew $2.1 billion from US taxable bond funds, while net selling in U.S. municipal bond funds jumped to a five- week high of $963 million. Still, government bond funds gained a net $1.92 billion in a sixth successive week of inflow.

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