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☆ A recession looks increasingly likely. But Goldman Sachs says these stocks could beat the gloom
▼ + stars: | 2022-10-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Central banks are relentlessly hiking interest rates to rein in inflation — even at the expense of economic growth — prompting fears of a recession. "Concerns on sticky inflation and a tight labor market have focused investor attention on implications for rising rates and recession risk. Those stocks have high and expanding cash return on capital invested and return on equity, according to the bank. BlackRock says that's now an 'obsolete' strategy Investors keen to add growth names to their portfolio could also look to Goldman's list of high growth stocks. The bank also identified high growth names that are trading at an attractive valuation, including Watches of Switzerland and Standard Chartered .

KUALA LUMPUR, Oct 19 (Reuters) - Malaysia deported 150 Myanmar nationals this month, including former navy officers seeking asylum, and plans to send back more despite the risk of arrest they face at home, four sources familiar with the matter said. The two were deported from Malaysia for failing to hold valid documents to reside in the country, the sources said. Myanmar's embassy in Malaysia said in a post on Facebook that 150 Myanmar nationals were deported by plane on Oct. 6 in cooperation with Malaysian immigration authorities. The agency did not comment on dangers faced by Myanmar nationals deported back home. Despite such criticism, Malaysia is planning to deport more Myanmar nationals, according to community leaders who said they were briefed by authorities on planned deportations.

☆ Asian economies may have to brace for rising debt and capital flight, IMF warns
▼ + stars: | 2022-10-13 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowAsia's biggest economic challenges will be rising debt and capital flight as interest rates continue to rise, the International Monetary Fund has warned. The warnings come as the IMF trimmed its global growth predictions in its latest economic outlook this week and warned the new year would feel like a recession for many parts of the world. "Debt has gone up in Asia," IMF Deputy Director of Asia and Pacific Department Anne-Marie Gulde told CNBC's "Squawk Box Asia" on Wednesday. "First, private sector debt has gone up since the global financial crisis but afterwards since Covid, public sector debt has gone up. The crisis in the U.K stemmed from rising yields and plunging bond prices, which sparked collateral calls for pension funds to cover their LDI-related derivatives.

☆ Indonesia's China-funded rail project on track despite cost overrun
▼ + stars: | 2022-10-13 | by ( Yuddy Cahya Budiman | ) www.reuters.com time to read: +3 min

Indonesian President Joko Widodo stands beside an Electric Multiple Unit high-speed train for a rail link project part of China's Belt and Road Initiative at Tegalluar train depot in Bandung, West Java province, Indonesia, October 13, 2022. Antara Foto/Hafidz Mubarak/via REUTERSTEGALLUAR, Indonesia, Oct 13 (Reuters) - A high-speed railway project in Indonesia, part of China's Belt and Road Initiative, is on track for a 2023 launch despite ongoing negotiations between the two countries about the project being over-budget, officials said on Thursday. KCIC has said the project is facing a cost overrun of about $2 billion, raising the estimated total cost to 113 trillion rupiah ($7.36 billion). KCIC's President Director Dwiyana Slamet Riyadi confirmed the discrepancy in cost calculations, saying negotiations are underway to resolve it. Dwiyana said discussions were ongoing as to whether Chinese President Xi Jinping may witness a trial run of the rail project when he visits the Southeast Asian country next month for the G20 leaders' summit.

☆ IMF cuts Asia's growth forecasts, warns of strong dollar strains
▼ + stars: | 2022-10-11 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The downgrade underscores heightening uncertainty over Asia's recovery from the COVID-19 pandemic as darkening growth prospects for the United States, China and the euro zone economies stoke fear of a global recession. Register now for FREE unlimited access to Reuters.com Register"A widening debt crisis in (emerging) economies would weigh heavily on global growth and could precipitate a global recession. The world's second-largest economy is expected to see growth rebound to 4.4% in 2023, down 0.2 point from the IMF's forecast in July. The IMF expects Japan's economy to grow 1.7% this year, unchanged from its projection in July, and 1.6% in 2023, down 0.1 point. Japan's downgrade for 2023 reflects an expected weakening of consumption blamed on rising inflation and slow wage growth, the report said.

☆ More investors are betting on India. But not all of it is worth the hype, according to analysts
▼ + stars: | 2022-10-11 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

But for the moment, I can understand why India is an attractive market for a lot of foreign institutional investors." Indian Prime Minister Narendra Modi has plans to make India a $5 trillion economy by 2024-25. While downgraded, India's growth forecast still cuts higher than others in the Asia-Pacific. Modi has plans to make India a $5 trillion economy by 2024-25, while Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one in the next 25 years. Adani said at a recent Forbes conference in Singapore that India will go from a $3 trillion economy to a $30 trillion one by 2050.

☆ Watch CNBC's full interview with Afsaneh Beschloss, RockCreek founder and CEO
▼ + stars: | 2022-09-28 | 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 EmailWatch CNBC's full interview with Afsaneh Beschloss, RockCreek founder and CEOAfsaneh Beschloss, RockCreek founder and CEO, joins 'Closing Bell' to counter remarks made by JPMorgan's Mary Callahan Erdoes about growth prospects for China, sharing how ASEAN countries are better poised for growth due to their rich resources and large labor force.

☆ China's growth rate is not sustainable, says Afsaneh Beschloss, RockCreek founder and CEO
▼ + stars: | 2022-09-28 | 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's growth rate is not sustainable, says Afsaneh Beschloss, RockCreek founder and CEOAfsaneh Beschloss, RockCreek founder and CEO, joins 'Closing Bell' to counter remarks made by JPMorgan's Mary Callahan Erdoes about growth prospects for China, sharing how ASEAN countries are better poised for growth due to their rich resources and large labor force.

"As a key long-term partner, the ADB stands ready to provide further support," the bank's president, Masatsugu Asakawa, told reporters at its annual gathering. read more"So we are working closely with the government in supporting the country in this challenging time," he added. However, Asia has become more resilient against financial turmoil, with an improved current account balance and sufficient accumulation of foreign reserves, than it was during the Asian financial crisis of the late 1990s, he added. "It's always a good thing to be very vigilant on this broader capital movement," he added. "I'm also trying to enhance our regional financial co-operation efforts, including that of ASEAN+3," he said, referring to a grouping of China, Japan and South Korea with southeast Asian nations.

☆ The golden age of globalization is clearly over, says Singapore's Deputy Prime Minister Lawrence Wong
▼ + stars: | 2022-09-27 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

"The golden age of globalization that we experienced in the last 30 years since the end of the Cold War has ended clearly and we are entering a new era, a new era that will be marked by greater geopolitical contestation," said Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong. Bloomberg | Bloomberg | Getty ImagesThe golden age of globalization has ended and a fundamental change to the way the world works is underway, said Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong. "Where previously the logic was, countries do not have to be friends to do business with one another. In fact, the hope was that the more we trade and invest in each other, we will tamp down geopolitical rivalry," Wong said. "The generation of Chinese born perhaps in the last generations, many of them idealized America and the American way of life.

"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.

☆ U.S. interest rates may be rising, but that won't trigger another Asian Financial Crisis, analysts say
▼ + stars: | 2022-09-23 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +5 min

watch nowThe world economy may be facing conditions seen during the 1997 Asian Financial Crisis — aggressive U.S. interest rate hikes and a strengthening U.S. dollar. The Thai baht and other Asian currencies collapsed, triggering the Asian Financial Crisis and leading to slumps in stock markets. Reducing currency disparity with the U.S. dollar reduces the risks of capital flights and foreign exchange rate collapses. Nevertheless, he, too, does not anticipate another Asian Financial Crisis. watch now"They largely let exchange rates absorb the external pressure, rather than supporting the currency by selling FX reserves."

☆ India's Ola Electric ventures abroad, to enter Nepal next quarter
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. It has signed a partnership agreement with CG Motors in Nepal to distribute its Ola S1 e-scooters. Ola Electric, valued at $5 billion, has made inroads into India's EV market with over 80,000 electric scooters. Ola had planned to go public in the first half of 2022, but has since postponed the plan, amid a volatility in the market and lackluster listings of some start-ups in India this year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ashish Chandra in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ As U.N. mulls Myanmar action, Malaysia pushes ASEAN to review peace plan
▼ + stars: | 2022-09-20 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

The Association of Southeast Asian Nations (ASEAN), of which Myanmar is a member, has been leading peace efforts. The U.N. Security Council is considering a British-drafted resolution - circulated on Friday - that would demand an end to all violence in Myanmar, urges an immediate end to the transfer of arms to Myanmar and threatens U.N. sanctions. It would also called on the Myanmar junta to release all political prisoners, including Suu Kyi, implement the ASEAN peace plan and allow a democratic transition. To be adopted, a Security Council resolution needs at least nine votes in favor and no vetoes by Russia, China, the United States, France or Britain. Register now for FREE unlimited access to Reuters.com RegisterReporting by Michelle Nichols; Editing by Lincoln Feast.

☆ Fund manager discusses stock picking in volatile ASEAN markets
▼ + stars: | 2022-09-20 | 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 EmailThere's a lot of volatility in ASEAN markets that's 'good for stock pickers like us': Fund managerAndrew Ranken of the Probus Mekong Fund and the Probus ASEAN Fund says "we're stock pickers who like stocks that are selling cheaply for reasons other than fundamentals."

Curtis Ried, a career foreign service officer and veteran of the National Security staff for two presidents, has been named as the NSC’s new chief of staff, officials tell NBC News. He has traveled regularly with President Biden at home and abroad, another key factor in his selection. Ried in particular played a key role in working with the United Nations and rebuilding the refugee admissions program. That number doesn’t include so-called DNC “fellows” and other part time staff who are engaged in some of the key party efforts, especially voter registration. Obama has already done fundraisers for the National Democratic Redistricting Committee (August 30 in Martha’s Vineyard) and the Democratic Senatorial Campaign Committee (Sept. 8 in New York).

☆ China foreign minister calls Pelosi's Taiwan visit 'manic', 'irrational'
▼ + stars: | 2022-08-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Aug 4 (Reuters) - China's Foreign Minister Wang Yi on Thursday called U.S. House Speaker Nancy Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" action by the United States, state broadcaster CCTV reported. Wang, speaking at the ASEAN Foreign Ministers meeting in Phnom Penh, Cambodia, said China has made the utmost diplomatic effort to avert crisis, but will never allow its core interests to be hurt. China's current and future measures are necessary and timely defensive countermeasures, carefully considered and evaluated, aimed at safeguarding national sovereignty and security, in line with international and domestic law, CCTV cited Wang as saying. Reporting by Beijing Newsroom; Writing by Martin Quin Pollard; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ UE va impune noi sancţiuni contra regimului militar din Myanmar
▼ + stars: | 2021-06-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Uniunea Europeană va impune în zilele următoare un nou set de sancţiuni împotriva regimului militar din Myanmar şi intereselor sale economice, a anunţat joi, la Jakarta, şeful diplomaţiei europene Josep Borrell, informează Reuters, citează Agerpres. Armata birmană a preluat controlul în Myanmar pe 1 februarie şi a arestat-o pe lidera civilă Aung San Suu Kyi, care a condus o luptă fără violenţă împotriva dictaturii în ultimele două decenii ale regimului militar din 1962-2011. În luna aprilie, Uniunea Europeană a decis sancţionarea a zece membri ai regimului militar aflat la conducere în Myanmar şi a două companii care îl finanţează, pentru a condamna reprimarea violentă a manifestanţilor pro-democraţie, au anunţat surse diplomatice europene. Sancţiunile europene au constat într-o interdicţie de deplasare sau de tranzitare în UE şi în îngheţarea activelor pe teritoriul Uniunii Europene. De asemenea, a fost interzisă orice finanţare din UE a companiilor vizate.

Persons: Josep Borrell, Reuters, San Suu Kyi, Aung San Suu Kyi, Min Aung Organizations: Uniunea Europeană, Armata birmană, Armata, Liga Naţională, Uniunii Europene, UE, Myanmar Economic Holdings Locations: Myanmar, Jakarta, Asia de Sud - Est, deşi, Democraţie, Myanmar Economic, Myanmar Economic Holdings Ltd, Corporation

☆ Statele membre G7 vor un front comun împotriva Chinei: „Susţinem ordinea internaţională bazată pe reguli”
▼ + stars: | 2021-05-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

„Scopul nostru nu este să încercăm să oprim China”, a declarat luni reporterilor secretarul de stat american Antony Blinken. „Ceea ce încercăm să facem este să susţinem ordinea internaţională bazată pe reguli şi în care ţările noastre au investit atât de mult în ultimele decenii (...) nu doar în beneficiul propriilor cetăţeni, ci şi al popoarelor din întreaga lume, inclusiv din China”, a adăugat el. Şeful diplomaţiei europene Josep Borrell a declarat că a discutat cu secretarul de stat american Antony Blinken despre ultima rundă de discuţii pe dosarul nuclear iranian de la Viena. Guvernul britanic a anunţat marţi că miniştrii de finanţe din G7 se vor întâlni pe 4 şi 5 iunie la Londra. După ce a părăsit UE, Marea Britanie şi-a îndreptat atenţia spre regiunea Asia-Pacific.

Persons: american Antony Blinken, Blinken, Hillary Clinton, Dominic Raab, Josep Borrell Organizations: Agerpres, Chatham House, UE Locations: SUA, Canada, Franţa, Germania, Italia, Japonia, coreean, Chinei, China, american, Hong Kong, Xinjiang, Washington, Chatham, Londra, Britanie, Rusia, Myanmar, situaţia, Libia, Siria, Etiopia, Iran, Coreea de Nord, Somalia, Balcani, iranian, Viena, Indiei, Australiei, Coreei de Sud, Africii de Sud, UE, Asia - Pacific

☆ UE adoptă sancțiuni împotriva unor oficiali implicați în lovitura de stat din Myanmar; Care sunt măsurile luate
▼ + stars: | 2021-03-23 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: ProfimediaUE adoptă sancțiuni împotriva unor oficiali implicați în lovitura de stat din Myanmar; Care sunt măsurile luateUniunea Europeană a anunțat luni că au fost adoptate sancțiuni împotriva mai multor oficiali din Myanmar pentru represiunea din ţară de după lovitura de stat. Decizia a fost luată la începutul unei reuniuni a miniştrilor de externe din statele UE de la Bruxelles. Acestea sunt primele sancțiuni pe care Uniunea Europeană le-a luat împotriva juntei militare din Myanmar instalate la putere printr-o lovitură de stat. În Myanmar, conexiunile de internet mobile au fost tăiate, precum şi mai multe reţele wi-fi, în prezent fiind disponibile numai ziarele de stat. Opt persoane au fost ucise duminică şi circa 50 rănite în acest oraş, a declarat pentru AFP o sursă medicală.

Persons: Min Aung, Sancţiunile, San Suu Kyi, Mandalay, Vivian Balakrishnan Organizations: Uniunea Europeană, UE, Agerpres, Media, ONU Locations: Myanmar, UE, Bruxelles, Mandalay, SUA, Asia de Sud - Est, Indonezia, Brunei, Malayezia, Shan (, Birmania, Justice

Singapore a controlat focarele apărute și, într-un moment în care majoritatea țărilor din lume înăspresc restricțiile, Singapore ia măsuri opuse, a declarat economistul șef ASEAN, pentru CNBC . Singapore a intrat săptămâna aceasta în cea de-a treia fază a redeschiderii sale și permite acum adunări de opt persoane, față de cinci. Țara a fost prima din Asia care a primit un transport de vaccinuri Pfizer-BioNTech pe 21 decembrie 2020. Țara a fost văzută ca un hub alternativ de producție pentru companiile care doresc să se mute din China. "Este foarte puțin probabil să vedem o parte semnificativă a populației vaccinate în 2021", a spus Joseph Incalcaterra.

Persons: Joseph Incalcaterra, Incalcaterra, Premierul Lee Hsien Loong, Incalcaterra HSBC Locations: Asia de Sud - Est, Singapore, Asia, Vietnam, China

☆ The world's largest trade deal could be signed in 2020 — and the US isn't in it
▼ + stars: | 2019-11-12 | by ( Yen Nee Lee | ) www.cnbc.com time to read: +5 min

Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world's largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China's absence in the then U.S.-led TPP, which was slated to be the world's largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and released. Deborah Elms, executive director at consultancy Asian Trade Centre, told Reuters that would help Asian producers to sell more of their products to the rest of the region.

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