China 

China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows

Chinese banks lending was slightly higher in May from a month earlier, but the value remained below expectations as the impact of the trade war played on lenders’ minds, leading to speculation that the economy may need another, bigger jolt in the arm.The value of new yuan-denominated loans dropped to 1.18 trillion yuan (US$170.54 billion) in May, lower than the market expectation of 1.3 trillion yuan and only slightly higher than April’s reading of 1.02 trillion yuan, according to data released… Source link

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Why high streets like Chicago’s North Michigan Avenue will remain as the destination of choice for shoppers and retailers

North Michigan Avenue seems a little less magnificent lately.Retail rents fell in 2018 after soaring in recent years, and Chicago’s undisputed top shopping destination has faced a long slog in filling high-rent flagship spaces.The Magnificent Mile’s transition is indicative of a broader trend, as “high streets” – the world’s most prestigious places to buy and sell goods – grapple with massive changes in consumer habits.The explosive growth of e-commerce and waves of retailer bankruptcies,… Source link

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China 

China’s 2019 economic growth forecast cut by IMF as risks and uncertainties of US trade war remain

China’s 2019 economic growth forecast has been cut from 6.3 per cent to 6.2 per cent by the International Monetary Fund with the world’s second largest economy still facing downside risks and uncertainty over the trade war with the United States.The downgrade came after the fund paid a visit to Beijing and the western province of Guizhou for intensive discussions with Beijing’s policymakers during its annual assessment of the country’s economic and financial health. It was merely two months… Source link

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Some 85 per cent of VN enterprises remain outside of Industry 4.0 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Đức Thành, director of the Việt Nam Institute for Economic and Policy Research (VEPR) addresses the Launching Conference of Việt Nam Annual Economic Report 2019 co-organised by VEPR and the Friedrich Naumann Foundation (FNF) Việt Nam in Hà Nội on Wednesday. — VNS Photo Linh Anh HÀ NỘI — As many as 85 per cent of industrial enterprises in Việt Nam still lag behind the fourth Industrial Revolution (Industry 4.0), and only 13 per cent are at the beginner level, one official has warned. Nguyễn Đức Thành, director…

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Vietnam 

VN shares mixed as world markets remain volatile – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Rubber shares lost on Wednesday with Phước Hòa Rubber (PHR) and Sao Vàng Rubber (SRC) both declining by more than 6 per cent. — Photo tinnhanhchungkhoan.vn HÀ NỘI – Shares were mixed on Wednesday on the two national stock exchanges due to a lack of supportive information and the risk of volatility on world markets. On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.05 per cent to close the day at 971.54 points. Meanwhile, the HNX-Index on the Hà Nội Stock Exchange edged up 0.28 per cent to end…

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Pork price is likely to remain high in China as swine fever wipes out hog population, but that is music to WH Group’s ears

The price of pork is likely to remain high in China, the world’s largest consumer of the meat, as supplies may take months – and even up to years – to return to normal amid one of the worst outbreaks of African swine fever.The viral disease, which doesn’t harm humans, wiped out an estimated 20 per cent of China’s population of hogs, and has become endemic in the regions of Tibet and Xinjiang, which makes it difficult to stamp out, the United Nations’ Food & Agriculture Organisation said.Pork… Source link

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Singapore 

6 in 10 S’porean households recycle weekly, though misconceptions about the process remain: Surveys, Singapore News

SINGAPORE – About six in 10 Singaporean households recycle at least once a week, with items such as paper materials and clothes among the most common items being recycled, according to two recent surveys. But the surveys also found that more can be done to help Singaporeans identify items that should not be thrown into a recycling bin, especially those which could contaminate the entire collection. The Ministry of the Environment and Water Resources (MEWR) and the National Environment Agency (NEA) surveyed more than 5,000 Singaporean households between June last…

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US stocks are booming, volatility has collapsed and the Fed is dovish. Why do investors remain cautious?

At the end of last year, global equity markets were a sea of red. Following a brutal sell-off that began in early October, stocks in both developed and developing economies finished the year deep in negative territory, with emerging market shares suffering double-digit price declines.Yet since Christmas Eve, the benchmark S&P 500 index has shot up nearly 25 per cent. On Tuesday, the index surpassed its previous closing high on September 20, 2018. Other major asset classes, which also suffered… Source link

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Japanese carmaker Nissan’s China growth strategy will remain unchanged in post-Carlos Ghosn era

Nissan Motor expects China’s car market to recover in the second half, as the Japanese carmaker moves on from the scandal surrounding former chairman Carlos Ghosn.Makoto Uchida, senior vice-president of Nissan, said Beijing’s efforts to support the industry, such as subsidies and tax incentives, would effectively result in a turnaround.Uchida said Nissan will not change its China strategy despite the Ghosn distraction and plans to leverage its research and development capability in the country… Source link

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China tech money headed to Europe as US tensions remain high in first quarter

Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle” to technology-driven transactions, according to a new report from GP Bullhound, a technology advisory and investment firm.The report found outbound deal volumes by Chinese technology investors into Europe increased 25 per cent in the first quarter when compared with the fourth quarter, according to the firm’s Asian Insights Q1 2019 report.Deal flow… Source link

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