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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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Property 

Hong Kong’s home buyers return in droves as banks kept mortgage rates unchanged amid a dovish monetary policy

Hong Kong’s property buyers are back in droves, as commercial banks kept the city’s mortgage rates unchanged amid a dovish policy stance by the local monetary authority.Across the city, four property projects with 891 flats in total were offered for sale in Lohas Park, To Kwa Wan, Yau Tong and West Kowloon in the biggest weekend launch in a year. As of 4:30pm, 447 of the total offering, or just over 50 per cent, had been sold, according to sales agents.“The purchasing power accumulated from… Source link

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Vietnam 

Petrol prices remain unchanged ahead of Tết holidays – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Domestic retail petrol prices were kept unchanged on Thursday. — Photo cafef.vn Viet Nam News HÀ NỘI — The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on Thursday. The two ministries review fuel prices every 15 days to keep domestic prices in line with swings in the global market. Accordingly, the retail price of bio-fuel E5 RON 92 will not be higher than VNĐ16,272 (US$0.7) per litre, and that of…

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Fed leaves rates unchanged, will be ‘patient’ on future hikes

The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the US economic outlook. While the Fed said continued US economic and job growth were still “the most likely outcomes”, it removed language from its December policy statement that risks to the outlook were “roughly balanced” and struck language that projected “some further” rate hikes would be appropriate in 2019. In a separate release from its policy statement, the US central…

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Vietnam 

Ceiling rates for airfares unchanged – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Accordingly, the ceiling rates for airfares for domestic routes would be maintained as regulated since August 2015. Specifically, the basic domestic economy airfares sold in Việt Nam remain at the maximum level of five groups as follows: Routes for socio-economic development, which are less than 500km long, fly to remote and mountainous island-bound areas and only one airline operates have a maximum rate of VNĐ1.6 million per one way ticket. Other routes under 500km have a maximum price of VNĐ1.7 million per one way ticket.…

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China 

World’s two largest economies diverge as China leaves key interest rate unchanged in wake of US Fed cut

China’s central bank left interest rates unchanged on Thursday in response to the US Federal Reserve’s rate increase overnight, underscoring Beijing’s desire to keep borrowing costs low to help stabilise economic growth in the midst of its ongoing trade war with the US, according to analysts. The Fed rise and lack of Chinese response means the gap between US and Chinese interest rates narrowed, which would normally risk a sharp rise in capital outflows as Chinese investors sought better returns abroad. But China maintains strict controls over capital flows, giving…

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