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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold may hit $2,500 by mid-2025, 'not surprised' if $3,000, says UBS' Kelvin TayKelvin Tay, regional CIO of UBS global wealth management, also said markets have priced in a potential Trump victory.
Persons: Kelvin Tay Kelvin Tay Organizations: UBS, Trump
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilippines' growth strategy might be invalidated by greater spread of AI adoption: BMIDarren Tay from BMI explains why the Philippine economy is vulnerable to AI technology given its high exposure to the BPO industry.
Persons: Darren Tay Organizations: BMI Locations: Philippine
China growth could slow to 4.5% in 2025, says economist
  + stars: | 2024-10-21 | 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 EmailChina growth could slow to 4.5% in 2025, says economistErica Tay of Maybank Investment Banking Group lays out the reasons why China's economic growth could slow to 4.5% next year, citing potential setbacks including trade restrictions and expectations for a deceleration in consumption.
Persons: Erica Tay Organizations: Maybank Investment Banking Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's GDP growth will likely stay at about 4.5% for the whole of 2025, economist saysErica Tay of Maybank Investment Banking Group says she disagrees with Chinese officials where growth drivers are concerned.
Persons: Erica Tay Organizations: Maybank Investment Banking Group
Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China's top economic planning body on Tuesday, when mainland markets return from a week-long holiday. Before the week-long holiday, authorities unveiled a flurry of stimulus policies, including interest rate cuts, lower cash reserve requirements at banks, looser property purchase rules and liquidity support for stock markets. Chinese major indexes have surged over 25% as investors cheer on the barrage of stimulus measures. Last week, China's CSI 300 blue-chip index extended a nine-day winning streak, surging over 8% Monday, before the market closed for a week-long holiday. Now the government needs to add fiscal stimulus to maintain the rally's momentum, said Shaun Rein, founder and managing director of China Market Research Group.
Persons: Qilai Shen, Zheng Shanjie, Erica Tay, Tuesday's presser, Shaun Rein, Rein, Adek Berry, Lynn Song, Song, Gary Ng Organizations: Shoppers, Bloomberg, Getty Images, National Development, Reform, State Council, CSI, SGX FTSE, Maybank Investment Banking Group, Ministry, Finance, China Market Research, AFP, Getty, ING Locations: Nanjing, Shanghai, China, Beijing, Hong Kong, SGX FTSE China, Tuesday's, Xicheng, Greater China, Shenzhen
Ilia Yefimovich/dpa | Picture Alliance | Getty ImagesMarkets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center. Most Asian markets fell on Wednesday, tracking losses on Wall Street overnight, as investors fretted over rising tensions in the Middle East. A higher-than-expected unemployment rate could prompt the Fed to accelerate the easing cycle to achieve a soft landing. The unemployment rate in September is expected to come in at 4.2%, according to data of a Reuters poll on LSEG, unchanged from the August figure. The unemployment rate had jumped to near a three-year high of 4.3% in July, a dramatic rise from the five-decade low of 3.4% in April 2023.watch now
Persons: Ilia Yefimovich, Stephen Roach, Yale Law School's Paul Tsai, Hassan Nasrallah, Roach, CNBC's, Stephen Stanley, Kelvin Tay Organizations: Missiles, Getty, Yale Law, Yale Law School's Paul Tsai China Center, Wall, Israel Defense Forces, Santander, Organization of, Petroleum, Energy Information Administration, UBS Global Wealth Management, U.S . Federal Reserve, Traders, U.S, U.S . Federal Locations: Israel, Tel Aviv, Iran, United States, Iranian, Lebanon, U.S .
Economists have long called for an overhaul of the nation's retirement age laws, currently among the world's lowest, which was set in an era of lower life expectancies. Raising the retirement age would help ease local governments' pension pool cash crunch, Sheana Yue, an economist from Oxford Economics said. Still, "more needs to be done to improve retirement adequacy," Maybank's Tay said, while stating that China needs a stronger pension plan and diversified investment avenues to ensure sustainable retirement savings. China's Ministry of Human Resources and Social Security has added a few tools for citizens to check their indicated retirement age on its website and mobile app. China may roll out "another round of delay in the late 2030s, especially if China's pension fund balance is tight," Xu cautioned.
Persons: Erica Tay, Tay, Bruce Pang, Tianchen Xu, Xu, Yue, Maybank's Tay Organizations: Getty, Maybank Investment Banking Group, CNBC, Economist Intelligence Unit, Oxford Economics, Academy of Social Sciences, China's Ministry of Human Resources, Social Security Locations: Fuyang, China, JLL, Beijing
Opinion | Tim Walz Is Vibing
  + stars: | 2024-08-09 | by ( Michelle Cottle | Ross Douthat | ) www.nytimes.com   time to read: +39 min
michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.
Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, , Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, , we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, , michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, , Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan
watch nowGoing into the Japanese market at this moment is akin to catching "a falling knife," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC's "Squawk Box Asia." Stock Chart Icon Stock chart icon"The only reason why the Japanese market is up so strongly in the last two years is because the Japanese yen has been very, very weak. It strengthened sharply after the BOJ raised its benchmark interest rate last week to around 0.25% and decided to trim its purchases of Japanese government bonds. A stronger yen pressurizes Japanese stock markets, which are heavily dominated by trading houses and export-oriented firms by eroding their competitiveness. Ueda also said the 0.5% interest rate level — Japan has not seen that since 2008 — was not a barrier, and rates could go even higher.
Persons: Kelvin Tay, CNBC's, Tay, Kazuo Ueda, Ueda, Organizations: UBS Global Wealth Management, Nikkei, U.S, Bank of, Reuters Locations: Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoing back to Japanese stocks right now is like catching a falling knife: CIOKelvin Tay from UBS Global Wealth Management argues that the weak Yen is the key driver to Japan's stock market rally the past 2 years. He expects the Yen to strength to 143 against the US dollar which means the selling pressure on Japanese stocks isn't over yet.
Persons: Kelvin Tay Organizations: UBS Global Wealth Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThink tank discusses the outlook for U.S.-Philippine ties ahead of presidential electionSimon Tay, chairman of the Singapore Institute of International Affairs, discusses how the outcome of the U.S. election might affect Southeast Asia.
Persons: Simon Tay Organizations: ., Singapore Institute of International Affairs Locations: Philippine, Asia
Clift told me when we met earlier this year in Singapore. Advertisement"The Cave is arguably the most distinctive fine dining experience in Bali," Widyasari said. Amanda Goh/Business InsiderThe restaurant has 22 seats, so I made a dinner reservation a few weeks before my trip. Amanda Goh/Business InsiderGetting ready for dinnerOn the night of my visit, it was a full house. Amanda Goh/Business InsiderThe first course was a bite-sized crispy pancake topped with bechamel, truffle, and egg-yolk gel.
Persons: , Ryan Clift, Caroline Usher, Clift, Amanda Goh, It's, it's, Gita Widyasari, Widyasari, amberjack tartare, Mille, Feuille, Turbot, Manjari, Tay Chan Yong, Tay Organizations: Service, Tippling Club, Business, Jacada, Michelin Locations: Singapore, Bali, Asia Pacific, TikTok, Uluwatu, Italian, Australian
CNN —Travis Kelce and Taylor Swift’s love affair is “so high school” in the best way. Travis Kelce and Patrick Mahomes are besties as well as teammates. I’ve never dealt with it,” Kelce told the publication of Swift’s life in the spotlight. I especially love football because my boys have been doing it for so long,” Donna Kelce told CNN at the time. Taylor Swift is joined on stage by Travis Kelce during an Eras Tour performance at Wembley Stadium in London on June 23.
Persons: CNN — Travis Kelce, Taylor, there’s, Kelce, Swift, Jason, Travis Kelce, , , Taylor Swift, ” Kelce, “ I’m, Andrew Siciliano, Pat McAfee, ‘ I’ve, ” Swift, Donna Kelce, Jason Hanna, “ Traylor, ” “, Blake Lively, Ryan Reynolds, ” Donna Kelce, ” Travis Kelce, Johnny Nunez, Brittany Mahomes, Patrick Mahomes, Joe Alwyn –, Karma, , I’ve, I’m, Kylie Kelce, Jason Kelce, Mark J, Kylie, “ Tay, Love, , Mama Kelce, Travis, Patrick T, Fallon, concertgoers, Department ”, Swifties, Said it’s, Prince William, Prince George, Princess Charlotte, wasn’t, Gareth Cattermole Organizations: CNN, Super Bowl, Kansas, that’s, Kansas City Chiefs, NFL, Chicago Bears, GEHA, Arrowhead, Getty, New York Jets, MetLife, Kansas City, Chiefs, Los Angeles Chargers, , Philadelphia Eagles, Buffalo Bills, AFC, USA, Sports, Reuters, Super, Bowl, San Francisco 49ers, Allegiant, Sydney, Coachella, Department, Poets Department, Wembley, Locations: Kansas City, Arrowhead, Kansas City , Missouri, New York, New York City, Buenos Aires, Argentina, Orchard Park , New York, Las Vegas , Nevada, Australia, Lake Como, Italy, Europe, London
Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.
Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank
(Travis is a noted fan of "Blank Space," one of several hit singles from Swift's fifth studio album.) "There was no bike in case I ran into somebody else or hit one of the dancers or anything," Travis said. Do not drop Taylor on your way over to this damn couch,'" he said. Do not drop Taylor, do not fuck this up." Travis wooed Swift last summer by giving her a shout-out on "New Heights," a move that Swift later described as "metal as hell."
Persons: , Taylor Swift, Travis Kelce, Swifties, Jason Kelce, Travis, Swift, Kameron Saunders, Jan Ravnik, Taylor, Eric Bieniemy, Bieniemy, Kam, Saunders, Khalen Saunders, She's, Jason Organizations: Service, Business, Department, Kansas City Chiefs, Super, NFL, Chiefs Locations: Kelce, Tay, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThailand's digital wallet might not be beneficial to GDP growth, says MaybankErica Tay of Maybank Securities explains why the Thai government should reconsider adopting the use of digital wallets.
Persons: Erica Tay Organizations: Securities Locations: Thai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonetary policy alone cannot address China's 'growth headwinds' from its demographic crisis: AnalystDarren Tay, head of Asia country risk at BMI Country Risk & Industry Analysis, discusses falling birth rates in Asian countries like China and Japan.
Persons: Darren Tay Organizations: BMI, Risk Locations: Asia, China, Japan
On Thursday, it expects to welcome Taylor Swift fans heading to Anfield for the first of the superstar’s three “Eras Tour” concerts in Liverpool. Banners outside St George's Hall in Liverpool saying "Liverpool loves Taylor," seen in May 2024. Taylor Swift performs at the Scottish Gas Murrayfield Stadium on June 7, 2024, in Edinburgh, UK. A fan poses at an art installation representing Taylor Swift's "Lover" album era, in Liverpool in June 2024. People walk past an art installation representing Taylor Swift's album "The Tortured Poets Department" in Liverpool in June 2024.
Persons: Sandon, Taylor Swift, Ceri Smith, It’s, , Swift, Smith, Liverpool, Taylor, Phil Noble, Harry Doyle, Gareth Cattermole, Natalia Lechmanova, , ” Taylor, deconstruct Taylor, Taylor Swift's, Peter Byrne, , Doyle, “ She’s, Frankie Goes, Kevin McManus, they’ve, ” McManus Organizations: London CNN, Anfield, Liverpool Football Club, CNN, Reuters, Amion Consulting, Liverpool City Council, Liverpool …, Liverpool ONE, Mastercard, Institute, Fans, Scottish Gas Murrayfield, , Wembley, Liverpool, University of Liverpool, Cavern, National Museums Liverpool, Beatles, UNESCO, Music, Department Locations: Anfield, Liverpool, Sandon, George's, United Kingdom, English, United States, Edinburgh, London, Taylor
当美国电影电视里的亚洲人开始说自己的语言
  + stars: | 2024-05-30 | by ( ) www.nytimes.com   time to read: 1 min
Chúng ta không sợ我们不怕。We’re not afraid. Bàn tay chúng tao để xiết cổ tụi đế quốc Mỹ! 我们的双手会紧紧扼住美帝国主义的咽喉!Our hands will close around the throat of American Imperialism! 这句台词怎么样?“Don’t shoot me, I’m a peasant, I’m only a peasant,” right? “别开枪,我是一个农民,我只是一个农民,”对吧?Uh, yeah that was good for me.
Persons: We’re, Bàn tay, I’m,
But being in a relationship with a celebrity isn't all it's hyped up to be in the movies. "It's not the people in the relationship," Anderson said. AdvertisementThis persistent surveillance can be exhausting and strain a relationship, Anderson said. To work, these relationships need time out of the spotlightEven though the odds might seem stacked against a celebrity and civilian couple, these relationships aren't necessarily doomed. AdvertisementIn a public setting, Anderson said that the normal person has to accept that they'll be sidelined by their famous partner.
Persons: , Anna Scott, William Thacker, I'm, Julia Roberts, Hugh Grant, Tad Hamilton, Solène, Anne Hathaway, Hayes Campbell, Nicholas Galitzine, Robinne, Harry Styles, Matt Damon, Luciana Barroso, Taylor Lautner's, Tay, Edward, Jon Stewart, Tracey McShane, they're, Alisha Wetherill, Clay Cockrell, who's, — Cockrell, we've, Liza Anderson, Anderson, Taylor Swift, Travis Kelce, Jennifer Lopez, Ben Affleck, Cockrell, Danny Moder, Patrick Dempsey, Jillian Fink, Keanu Reeves, Alexandra Grant, He's, Reeves, he's, It's, they'll Organizations: Service, Disney, Business, Coachella, Anderson Group Public Relations Locations: Notting, Miami, Hollywood, LA, New York
In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.
Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, , Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are different, we are unique:' Owner of Singapore's One°15 Marina is expanding the brand overseasArthur Tay, chairman and CEO of SUTL Group, talks about expanding his ONE°15 brand overseas so others can "understand the Asian ways of indulging in marine and yachting tourism."
Persons: Arthur Tay Organizations: SUTL
Read previewWhen Taylor Swift uploaded a YouTube Shorts video to promote her new album on April 19, Blogilates founder Cassey Ho was getting her roots touched up at a hair salon. AdvertisementBut given their connected history, Ho thinks Swift may have seen one of her promotional videos for the skort. The bigger pictureWhile Ho is ecstatic about Swift wearing her skort design from the perspective of a business owner and Swiftie, she's also grateful for another reason. Ho also said she's seen new knockoffs popping up now that Swift has been seen wearing the original. But in the meantime, she said, Swift wearing the original feels like the "ultimate karma" against shops that have stolen her work — something Swift herself is deeply familiar with.
Persons: , Taylor Swift, Cassey Ho, Sam, pickleball, Ho, Swift, Taylor, It's, Popflex, i Organizations: Service, Business, Poets Department Locations: preorders
Taylor Swift and Karlie Kloss became inseparable after meeting at the 2013 Victoria's Secret Fashion Show. AdvertisementThe friendship of Taylor Swift and Karlie Kloss dates back to 2013, when the musician and the supermodel met backstage at the Victoria's Secret Fashion Show. AdvertisementApril 2014: Kloss and Swift are spotted together in New York CityTaylor Swift and Karlie Kloss often spent time together in New York City. November 23, 2014: Swift brings Kloss as her date to the American Music AwardsTaylor Swift and Karlie Kloss at the 2014 AMAs. July 11, 2015: Kloss appears at another of Swift's concerts in New JerseyTaylor Swift's friends went to her concert in New Jersey.
Persons: Taylor Swift, Karlie Kloss, Kloss, , Swift, didn't, Katy Perry, Scooter Braun, Karlie, Michael Kovac, Jamie McCarthy, Milk, Christina Tosi, Randy Brooke, we're BFFs, I'd, Raymond Hall, Kate Bosworth, Harry Josh, Charles James, Oscar de la, They're, Alo Ceballos, She's, Rolling, James Devaney, Ben Stiller, Quinlin, SoHo Taylor Swift, Jeff Kravitz, Dick Clark, Antonio de Moraes Barros Filho, WireImage Kloss, Lily Aldrige, Martha Hunt, taylor, it's, Taylor, Matty Healy, Marie Claire, Beyonce, Jay, Justin Timberlake, Sam Smith, Michael, r was, els, rais, hou, "I, ove, stor, ste, "(M, bro, K, Ma y, orr, "B, Perry, tim e, oe Jonas, maki, J ohn Shea, dow, deo, cele, Jo, hatta, lia, nce, e, hough, lor h, 2016:, Joh, Delilah, L orde, Conn, Loo, ned the photo,, y, as well, loss and Swift, Augu, rld, kee, mus, raun, cate, rau, hite, theo, abou, ody, ted in a, ike H, Derek Bl Organizations: Big, Service, Vogue, Twitter, Hollywood Life, Big Sur, daisies, Surrey, Costume, Metropolitan Museum of Art, Getty, Swift, Apple, New York Knicks, Garden, Chicago Bulls, Madison, American, New York City's, Yahoo, New, YouTube, the de, acc, Adv, ober, Wil, unc, ift, who's known Locations: Big Sur, Swift's New York, New York City, Big, Instagram, New York, Manhattan, brunching, SoHo, Madison, SoHo Taylor, June., ber
CNN —One thing about Taylor Swift is she will rip her own heart open and spill the blood in the form of her song lyrics. Welcome to “The Tortured Poets Department.” Her latest music continues Swift’s tradition of sharing insight about her feelings and relationships in her songs. Clues include the opening in which Swift sings, “You left your typewriter at my apartment.” Healy expressed a fondness for typewriters in a 2019 interview with GQ magazine. “So when I touch down/ Call the amateurs and cut ‘em from the team,” Swift sings. It all led to a whole “Taylor Swift is a snake” trend on social media, and Swift has talked about how she withdrew into herself during that time.
Persons: Taylor Swift, , , Joe Alwyn, Swift, That’s, Alwyn, Paul Mescal, Andrew Scott –, Matty Healy, ” Healy, Healy, You’ll, ” Swift, she’s, Travis Kelce, aIMee ”, “ KIM, Kim Kardashian, Kardashian’s, Kanye, Taylor, Kardashian, aIMee ” Swift Organizations: CNN, Poets Department, Department, GQ, Brit Locations: British, London
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