Global 

US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say

The outcome of next week’s meeting between Chinese President Xi Jinping and American counterpart Donald Trump at the G20 summit in Japan will play a major determining factor in the outlook for the economy in the United States and the prospects that the US Federal Reserve will cut interest rates in the next three to six months, analysts said.While the meeting is not expected to deliver a trade deal, Trump and Xi may break the current stalemate by agreeing to a tariff ceasefire as they did at… Source link

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Vietnam 

Positive economic climate attracts businesses, says AHK outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Chief Representative of AHK Vietnam Marko Walde, the second from right, discusses about investment environment with participants at the conference in Hà Nội on Thursday. — VNS Photo Thu Giang HÀ NỘI — Việt Nam needs to develop domestic support industries and industrial clusters to create collaborate opportunities among domestic and foreign businesses, allowing easier experience and technologies exchanges, according to a report. The AHK world business outlook 2019 was released in Hà Nội yesterday by the Association of German Chambers of Commerce and Industry (AHK) in Việt Nam at a press conference. The outlook, conducted…

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Vietnam 

Fitch sees positive outlook for Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam will continue to receive large FDI inflows into the manufacturing sector. zing.vn HÀ NỘI Việt Nam’s long-term issuer default rating (IDR) has been upgraded to positive from stable, thanks to its improving track record of economic management, evidenced by high growth with stable inflation. The comment was made by Stephen Schwartz, head of Fitch Ratings’ Asia-Pacific Sovereigns, on Tuesday. At the ‘Fitch on Việt Nam’ conference held in Hà Nội, Schwartz said the Fitch Ratings’ revision on Việt Nam last month was also driven by strengthening external buffers from…

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Home 

Outlook for Tokyo’s property market positive as it continues to benefit from investments ahead of the 2020 Olympics

Tokyo, the world’s largest metropolitan city, is one of the most interesting commercial real estate markets, despite being arguably one of the most difficult to transact.The positive drivers underlining core investment interests remain: real estate fundamentals, as well as robust capital market sentiment and financial conditions. The city will continue to benefit from the boost to domestic demand in the run up to the 2020 Olympics and associated infrastructure investment and in turn,… Source link

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China 

China business outlook drops to lowest level on record amid US trade war, May’s Caixin PMI report shows

Combined expectations among Chinese manufacturing and service-sector companies for the year ahead – particularly smaller, private-sector firms – dropped to the lowest level on record in May as the escalating US-China trade war eroded firms’ confidence, according the latest Caixin Purchasing Managers’ Index published on Wednesday.The future outlook among manufacturing firms alone weakened to it lowest level since April 2012 when the series began, while service providers remained the least… Source link

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Home 

Hong Kong property deals jump to 22-year high as investors spend US$43.8b in first five months of 2019, but outlook cloudy

Property transactions in Hong Kong in the first five months of the year rose to the highest level since 1997, with buyers splashing out HK$343.7 billion (US$43.8 billion) on homes, car parks, shops and industrial and office units, data from the Land Registry showed on Tuesday.But Ricacorp Properties believes an escalation in the US-China trade war, which saw US President Donald Trump raise tariffs on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent on May 10 and tit-for-tat… Source link

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China 

Explainer: China’s manufacturing outlook weakens showing economic slump is yet to hit bottom

China’s manufacturing outlook took a sharp downturn in May, suggesting that the economic slump has yet to reach bottom, analysts said.The manufacturing purchasing managers’ index (PMI) is a gauge of sentiment among factory operators and is based on a survey, the responses to which are aggregated into a number. A number above 50 signifies a positive economic outlook, while below 50 means sentiment is in contraction.May’s figure was 49.4, the first time the manufacturing PMI has slipped into… Source link

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Vietnam 

The impact of credit policies on Việt Nam’s banking outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Jonathan Cornish The Vietnamese central bank has a number of policies, including tightening credit growth, designed to improve the health of the country’s banking system. Jonathan Cornish, Head of Asia-Pacific Financial Institutions at Fitch Ratings, talks with Việt Nam News reporter Nguyễn Thu Hà about the policies and outlook of the country’s banking system in 2019 and in the next few years The State Bank of Việt Nam (SBV) set a credit growth target of 14 per cent for credit institutions in 2019, much lower than the 18 per cent…

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China 

China economic outlook will worsen if US puts tariffs on remaining Chinese exports, Fitch Ratings says

China’s economy could lose momentum this year, should the United States carry out its plan of imposing tariffs on most remaining Chinese exports, according to Fitch Ratings.The move would put pressure on Beijing to come up with additional stimulus measures to counter the impact and would further imperil the Chinese economy, which had looked to strengthen in the first quarter of the year, but which has since shown signs of weakness.The economy grew at 6.4 per cent in the first quarter this year,… Source link

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Vietnam 

Fitch revises Việt Nam’s outlook to positive; affirms ‘BB’ – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Fitch Ratings expects Việt Nam’s growth to be around 6.7 per cent in 2019. VNA/VNS Photo HÀ NỘI Fitch Ratings on Thursday affirmed Việt Nam’s long-term foreign-currency issuer default rating (IDR) at ‘BB’ and revised the outlook to positive. According to Fitch, the revision of Việt Nam’s outlook to positive from stable reflects an improving track record of economic management, which is evident in strengthening external buffers from persistent current account surpluses, falling government debt levels, high economic growth rates and stable inflation. The authorities’ continued commitment to…

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