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☆ IMF's Asia director compares Japan & China's fiscal challenges
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's Asia director compares Japan & China's fiscal challengesKrishna Srinivasan, Director of IMF of Asia and Pacific Department, talks to CNBC's Martin Soong about Japan and China's fiscal positions, as the Bank of Japan normalizes its monetary policy and China embarks on measures to prop up the country's economy.

Persons: Krishna Srinivasan, CNBC's Martin Soong Organizations: IMF's, Japan, Pacific Department, Bank of Japan Locations: IMF's Asia, Asia, Japan, China

Tim Walz in Sen. JD Vance’s final vice presidential debate rehearsals, a source directly involved with the preparations told NBC News. Former President Donald Trump’s campaign, including key members of Vance’s team, has been honing his debate strategy for more than a month, the source said. Jason Miller, a senior Trump campaign adviser, and Vance’s wife, Usha, have been involved in the sessions, the source said, along with Vance’s closest political advisers. The choice of Emmer as a stand-in for Walz provides the Vance team with another Minnesotan and someone who, like Vance and Walz, has deep Midwest roots. “The main focus has been familiarizing [Vance] with Walz’s debate style and policy positions,” said the source involved with the preparations.

Persons: Tom Emmer, Tim Walz, Sen, JD Vance’s, Vance, Walz, Donald Trump’s, ”, Jason Miller, Usha, Kamala Harris ’, Tim Ryan, Ryan, “, ” Vance, —, Pete Buttigieg, Rob Friedlander, Zayn Siddique, Siddique, Harris, Liz Allen, Michael Tyler, Chris Schmitter, Walz’s, Harris ’, Donald Trump, Emily Soong Organizations: Minnesota Gov, NBC News, Ohio Republican, Trump, Senate Locations: Ohio, New York, U.S, South Bend , Indiana

☆ NATO's increasing focus on China and what it means for Asia
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNATO's increasing focus on China and what it means for AsiaWith NATO's increasing focus on China, what does it mean for other Asia countries such as Japan, South Korea, Southeast Asian nations and Australia? CNBC's Martin Soong, Sri Jegarajah, Sam Vadas and Lin Lin talk about the big geopolitical shift in the region.

Persons: CNBC's Martin Soong, Sri Jegarajah, Sam Vadas, Lin Lin Locations: China, Asia, Japan, South Korea, Southeast, Australia

☆ Singaporean swimmer Toh Wei Soong hopes for a medal in his second Paralympic bid
▼ + stars: | 2024-06-24 | by ( Vivien Soo | ) www.cnbc.com time to read: +1 min

Toh, a Singaporean freestyle and butterfly swimmer, is setting his sights on medaling at the 2024 Paris Summer Paralympic Games. The 2024 Paris Games offer Singaporean para-athlete Toh Wei Soong a second chance. After narrowly missing out on the podium at the 2020 Tokyo Games, Toh is hoping to medal when he competes in the Paralympic Games this summer. Toh started swimming regularly for physiotherapy, but it quickly became much more than that. But pursuing those dreams meant Toh spent up to 24 hours a week in rigorous training, which often meant skipping social outings or holidays.

Persons: Toh, Toh Wei Soong Organizations: Paralympic Games, Games, Paralympic, CNBC

☆ Indonesia's next president Prabowo made big promises on the campaign trail. Can he deliver?
▼ + stars: | 2024-02-23 | by ( Joseph Rachman | ) www.cnbc.com time to read: +3 min

Prabowo Subianto, Indonesia's presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. JAKARTA — Indonesia's Defense Minister Prabowo Subianto is set to become the next president in October after voters handed him a strong mandate at the Feb. 14 election. Under Widodo, Indonesia's gross domestic product has grown steadily at around 5% over the past decade — barring the pandemic years of 2020 to 2021. "Because at the end of the day, the voters will compare the economic policies which have been delivered well by the incumbent president with the next president." On the campaign trail, Prabowo's discussions on economic policy were limited, and mainly focused on promises to continue the Widodo administration's signature downstreaming policy.

Persons: Prabowo, Prabowo Subianto, Gibran Rakabuming Raka, Joko Widodo, who's, Josua Pardede, Peter Mumford, Erick Thorir, CNBC's Martin Soong Organizations: JAKARTA — Indonesia's, General, Commission, Investors, Permata Bank, Eurasia Group, CNBC Locations: Jakarta, Indonesia, JAKARTA, Asia

☆ Indonesia's Defense Minister Prabowo leads in early unofficial presidential vote count
▼ + stars: | 2024-02-14 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Indonesia's presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country's presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia's biggest economy despite concerns over his human rights record. Indonesia's Defense Minister Prabowo Subianto, a former army general, appears to have an early unofficial lead in the race to become country's next president, "quick counts" show after voting in the world's third-largest democracy closed on Wednesday. Prabowo appears to have won a simple majority of ballots cast in Wednesday's elections, with some early independent snap counts putting his percentage of the popular vote at nearly 60% — substantively more than what pre-election opinion polls yielded. "It's too early to conclude anything … so we have to wait," Baswedan told CNBC after the early snap counts suggested he was trailing Prabowo.

Persons: Prabowo Subianto, country's, Prabowo, Anies Baswedan, Pranowo, Suharto, Joko Widodo, It's, Baswedan, CNBC's Martin Soong Organizations: Defence, Indonesia's, Former Jakarta, Central Java, Indikator, CNBC Locations: Bogor, Central, Indonesia

☆ 'We need to ensure the election is free and fair': Indonesia's Anies
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We need to ensure the election is free and fair': Indonesian presidential contender Anies Baswedan"It's too early to conclude anything," Indonesian presidential candidate Anies Baswedan told CNBC's Martin Soong hours after quick counting of the votes showed he was trailing Defense Minister Prabowo Subianto.

Persons: Anies, It's, Anies Baswedan, CNBC's Martin Soong, Prabowo Subianto

☆ Japan's stock markets are on a tear. Will 'zombie’ firms threaten the bull run?
▼ + stars: | 2024-02-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

What are zombie companies? Japan's "zombie" problem has been around for a long time, said William Pesek, author of the book "Japanization: What the World Can Learn from Japan's Lost Decades." Raising the borrowing cost will put these zombie companies at risk of bankruptcy and bailouts, which could have a broader impact on the economy if there are job losses. "But the aid program has led to an increase in the number of 'zombie' companies that would otherwise have been unable to continue operating," the report added. Japan's stock markets have also been testing new highs since 2023, and higher interest rates could halt the bull run.

Persons: Adam Pretty, William Pesek, we've, Pesek, CNBC's Martin Soong, Warren Buffett's, Warren Buffett, Kazuo Ueda, Ueda Organizations: Getty, Bank of Japan, Tide, Asia Times, Japan Times, CNBC, Nikkei Locations: TOKYO, JAPAN, Roppongi Hills, Tokyo, Japan, Asia

☆ Martin Soong: Ambition Is About Getting Yourself Educated
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMartin Soong: Ambition Is About Getting Yourself Educated"Do what makes you happy. Be successful, but also recognize that it's really important how you get there." CNBC Squawk Box Asia co-anchor Martin Soong shares what ambition means to him.

Persons: Martin Soong Organizations: CNBC, Asia

☆ Nissan CEO weighs in on how the EV market has changed since Covid
▼ + stars: | 2023-11-02 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

That presents a series of challenges to established automakers like Nissan, which have followed global strategies for decades. The market has been fragmented, and customers' acceptance speed is also different," Uchida said. "So what's important is how much we can start to localize in each respective market," Uchida said. But many of those new Nissan EVs will no longer be global models. For instance, EV customers in China are very sensitive to pricing – but they also want the latest technology, which they've come to expect from the fierce competition between the many domestic Chinese EV makers.

Persons: Makoto Uchida, –, CNBC's Martin Soong, Uchida, they've, Li Auto, Kraft Heinz, FanDuel Organizations: Nissan Motor Co, Nissan Hyper Force, Japan, Nissan, Toyota, Volkswagen, Target, FedEx, Kraft, CNBC PRO Locations: Tokyo, Japan, U.S, Europe, China

☆ Australia wants to diversify its relationship with China: 'That doesn't mean trading any less'
▼ + stars: | 2023-10-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Australia wants to diversify its trading relationship with China, but that doesn't mean trade flows will slow down, Australian Trade Minister Don Farrell told CNBC. "We want to stabilize our relationship with China... we also want to diversify our relationship," Farrell told CNBC's Martin Soong on the weekend in Osaka, Japan where G7 trade ministers met. "That doesn't mean trading any less with China. But it does mean trading more with the countries with whom we have free trade agreements," he added, citing those in the European Union bloc. Canberra is also in dialogue with its largest trading partner China to drop tariffs on Australian wine imports that were introduced in March 2021.

Persons: Don Farrell, Farrell, CNBC's Martin Soong Organizations: Australian Trade, CNBC, European Union Locations: China, Osaka, Japan, Australia, Canberra, Beijing

☆ U.S. is working with Indo-Pacific partners to boost economic resilience, Katherine Tai says
▼ + stars: | 2023-10-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

The United States is working very closely with its trading partners in the Indo-Pacific region to help build economic resilience, said U.S. Trade Representative Katherine Tai. The Indo-Pacific Economic Framework (IPEF) initiative, launched in May last year by U.S. President Joe Biden, is looking to announce a number of initiatives soon, Tai told CNBC's Martin Soong on the sidelines of the G7 trade ministers' summit in Osaka, Japan. "We are demonstrating the vision that we created with respect to the IMF, which is in a time of many economic challenges with the need to cooperate with our partners in the Indo-Pacific region to promote sustainability, resilience and inclusivity," she said. "We also know that we can't wait around for five or seven years for a massive trade negotiation to be completed," Tai said.

Persons: Katherine Tai, Joe Biden, Tai, CNBC's Martin Soong Organizations: Trade, Economic, U.S, IMF Locations: States, Osaka, Japan

☆ WTO chief warns Israel-Hamas war could hurt global growth if conflict spills over
▼ + stars: | 2023-10-30 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)The World Trade Organization's director-general warned that the ongoing Israel-Hamas conflict will impact global growth if it spills over to the wider Middle East region. In an interview with CNBC aired on Monday, Ngozi Okonjo-Iweala said: "If it spreads beyond where it is now, to the rest of the Middle East, there will be an impact." So you will see an impact on global growth, on global trade," she added. We're praying for de-escalation and peace," she told CNBC's Martin Soong on the sidelines of the Group of 7 meeting in Osaka, Japan.

Persons: Ngozi Okonjo, Iweala, Fabrice COFFRINI, FABRICE COFFRINI, Ngozi, CNBC's Martin Soong Organizations: Trade Organization, Getty, Trade, CNBC Locations: Geneva, AFP, Israel, Osaka, Japan

☆ BMW says diversifying risks does not mean it is leaving China
▼ + stars: | 2023-10-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

WUHAN, CHINA - MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. (Photo by Getty Images)German automaker BMW Group said that diversifying its supply chains away from China does not mean it is leaving the country completely. "Especially the BMW Vision Neue Klasse, it will not be a small volume. BMW is not leaving China, he said, adding that free trade is "fundamental to our business model."

Persons: Oliver Zipse, CNBC's Martin Soong, Annalena Baerbock Organizations: BMW Ix3, China International, Getty Images, BMW Group, BMW, Neue, Japan, Neue Klasse, Tesla Locations: WUHAN, CHINA, Wuhan, Hubei province, China, Germany

☆ The world has changed and institutions need to work together, says IMF chief
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world has changed and institutions need to work together, says IMF chiefThe IMF’s Managing Director Kristalina Georgieva tells CNBC’s Martin Soong that the World Bank and IMF are complementary but yet have differing expertise. "The world needs institutions to work together," she said in an exclusive CNBC interview on the sidelines of the G20 leaders' summit.

Persons: Kristalina Georgieva, CNBC’s Martin Soong Organizations: World Bank, IMF, CNBC

☆ To counter China, Biden is backing the World Bank for a bigger role on the global stage
▼ + stars: | 2023-09-11 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

From left, World Bank President Ajay Banga, Brazil's President Luiz Inacio Lula da Silva, India's Prime Minister Narendra Modi, South Africa's President Cyril Ramaphosa and U.S. President Joe Biden in New Delhi on Sept. 9, 2023. "There's no way there's enough money in the multilateral development bank, or even in governments ... that can drive the kinds of changes we need for this polycrisis. Biden backs World BankLeaders at the summit agreed that this isn't something the World Bank can tackle alone. The World Bank was created in 1944 to help rebuilding efforts in Europe and Japan after the Second World War. Both the World Bank and IMF have pledged to form a stronger partnership to help countries with their debt struggles, sustainability goals, and digital transition.

Persons: Joe Biden, Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Evan Vucci, CNBC's Tanvir Gill, Banga, Biden, Kristalina Georgieva, CNBC's Martin Soong, Georgieva Organizations: World Bank, World, India's, Afp, Getty, CNBC, Bank, IMF, White Locations: U.S, New Delhi, Europe, Japan, China, Ukraine, People's Republic, China's

☆ The key takeaways of the G20 summit
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe key takeaways of the G20 summitCNBC's Martin Soong and Tanvir Gill report from New Delhi, discussing what the Group of 20 managed to achieve at its latest summit.

Persons: Martin Soong, Tanvir Gill Locations: New Delhi

☆ IMF chief says new economic corridor should not exclude any countries
▼ + stars: | 2023-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF chief says new economic corridor should not exclude any countriesThe IMF's Managing Director Kristalina Georgieva speaks to CNBC's Martin Soong at the G20 leaders' summit in Delhi.

Persons: Kristalina Georgieva, CNBC's Martin Soong Organizations: IMF Locations: Delhi

☆ IMF chief: World needs institutions to work together
▼ + stars: | 2023-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF chief: World needs institutions to work togetherThe IMF's Managing Director Kristalina Georgieva speaks to CNBC's Martin Soong at the G20 leaders' summit in Delhi. She discusses whether the lines are blurring between the roles of the International Monetary Fund and the World Bank.

Persons: Kristalina Georgieva, CNBC's Martin Soong Organizations: IMF, International Monetary Fund, World Bank Locations: Delhi

☆ IMF chief says new Biden-backed economic corridor should not exclude any countries
▼ + stars: | 2023-09-10 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

A more fragmented global economy though, has limited global trade growth — which now lags global economic growth. "What is important is to do it for the benefit of everybody, and not for exclusion of others," she said. "In that sense, I would encourage all countries working collaboratively with each other to do so in the spirit of integrated economy." Virtuous cycleIn reality, this Biden-backed economic corridor would add to existing infrastructure investment for the regions involved. "And I call on our members to strengthen the global financial safety net," Georgieva separately said Sunday in a press release, released shortly after the G20 summit formally ended.

Persons: Narendra Modi, Kristalina, Evan Vucci, The, Kristalina Georgieva, Joe Biden's, Georgieva, CNBC's Martin Soong, Biden, Modi Organizations: India's, Monetary Fund, Bharat, Afp, Getty, The Biden, International Monetary Fund's, Indian, European Union and, United Arab Emirates, Biden, CNBC, IMF Locations: New Delhi, India, Israel, Jordan, Saudi Arabia, U.S, Covid, Ukraine, Delhi

☆ The world’s largest economies convene at the G20 Summit in New Delhi
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world’s largest economies convene at the G20 Summit in New DelhiCNBC's Tanvir Gill and Martin Soong report from the G20 Summit in New Delhi, with U.S. President Joe Biden due to arrive soon.

Persons: Tanvir Gill, Martin Soong, Joe Biden Organizations: U.S Locations: New Delhi

☆ The G20 summit threatens to be overshadowed by India and Modi, who has made a 'spectacle' of the event
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe G20 summit threatens to be overshadowed by India and Modi, who has made a 'spectacle' of the eventIndia's Prime Minister Narendra Modi will meet U.S. President Joe Biden for a one-on-one bilateral meeting as world leaders gather in New Delhi for the Group of 20 summit. Critics say Modi is using the summit as a leverage to start campaigning early for elections. Reporting from New Delhi, CNBC's Martin Soong highlights that Modi's face is plastered on thousands of posters promoting the G20.

Persons: Modi, Narendra Modi, Joe Biden, CNBC's Martin Soong Organizations: India's, U.S, Group Locations: India, New Delhi

☆ Malaysia's policy on foreign firms: Tesla's exemption isn't new, prime minister says
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysia's policy on foreign firms: Tesla's exemption isn't new, prime minister saysCNBC's Martin Soong speaks to Malaysian Prime Minister Anwar Ibrahim about the requirement that foreign ventures starting in Malaysia have at least 30% Bumiputera ownership, and why Tesla is exempt from it.

Persons: CNBC's Martin Soong, Anwar Ibrahim, Tesla Organizations: Malaysian Locations: Malaysia

☆ AI needs 'human control' to avoid being weaponized, says Microsoft's president
▼ + stars: | 2023-08-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

"We have to ensure that AI remains subject to human control. Generative AI is a type of artificial intelligence technology that can generate content such as text, images, code and more. AI impact on jobsMeanwhile, the explosive growth of AI has workers worrying that their jobs could be replaced by the technology. A Goldman Sachs report in March said generative AI could impact as many as 300 million jobs around the world. The Microsoft executive pointed out that AI is a tool that supplements human work, and not one that replaces jobs.

Persons: Brad Smith, Smith, it's, we've, CNBC's Martin Soong, We've, Goldman Sachs Organizations: CNBC, Tech, Microsoft Locations: New Delhi

☆ U.S.-India relationship has reached new heights as the two align across policy areas, USTR says
▼ + stars: | 2023-08-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Katherine Tai, U.S. Trade Representative on the first day of the three-day B20 Summit in New Delhi, India. U.S. Trade Representative Katherine Tai said the U.S.-India relationship is reaching new heights as the two align "across all the policy areas." "It's certainly true that today, this relationship is experiencing new heights." The U.S. and India are closer now than ever before, but that relationship could be further strengthened. "Many of [these tariffs] have been pending for years and we've agreed to bury the hatchet on those," Tai said.

Persons: Katherine Tai, Tai, CNBC's Martin Soong, Narendra Modi's, Joe Biden, we've Organizations: Katherine Tai , U.S . Trade, U.S . Trade, U.S ., Washington, B20, Indian, U.S Locations: Katherine Tai , U.S, New Delhi, India, U.S

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