January, 2018

 

China’s young shoppers breathe new life into luxury market

SHANGHAI, Jan 31 ― Guo Jiaxi is typical of a new generation in China that is driving a sharp revival in luxury spending: young, female and unafraid to spend. An accountant in eastern Suzhou, Guo, 24, likes Coach and Louis Vuitton, and has…


Asia stocks poised for best month in nearly two years, dollar frail before Fed

TOKYO, Jan 31 ― Asia stocks steadied today after stuttering in the wake of rising global bond yields, while the dollar came under renewed pressure, slipping to 2-1/2-year lows versus the yuan, ahead of the Federal Reserve’s policy decision. In…


Warnings on correction in Asia, Hong Kong stocks grow louder

HONG KONG, Jan 31 — It’s time to take some money off the table. That’s according to strategists across Wall Street, who say a pullback in Asian equities is imminent. Morgan Stanley is eyeing a “meaningful” dip in the Hang Seng Index…


Ringgit seen between 3.8 and 3.95 to US dollar in Q1

KUALA LUMPUR, Jan 31 — The Malaysian ringgit is expected to gradually strengthen against the US dollar in the near term and oscillate between 3.80 to 3.95 in the first quarter, if the upward momentum continues, said economists. MIDF Amanah…


Asian currencies tick up on weak US dollar, set to end Jan higher

SINGAPORE, Jan 31 — Asian currencies posted modest gains on today as caution ahead of the Federal Reserve decision due later capped strength in regional units against the US dollar after US President Donald Trump’s State of the Union address….




China January factory growth dips to eight-month low as pollution war bites

BEIJING, Jan 31 — Growth in China’s manufacturing sector slowed more than expected in January to an eight-month low in the face of a cooling property market and tighter pollution rules that have curtailed factory output. The data, which gives…


Indonesia needs US$157b for infrastructure plan

JAKARTA, Jan 31 — Indonesian President Joko Widodo is still chasing some US$150 billion (RM584.4 billion) to fund his ambitious nation-building agenda, almost halfway into a five-year infrastructure plan. The government has so far received…


Most S-E Asia stocks fall as bond yield spike weighs on market

SINGAPORE, Jan 31 — Most South-east Asian stock markets fell today as the recent spike in global bond yields weighed on equities, with Philippine shares extending their sharp decline from yesterday. Investors have showed scant reaction so far…