asia


Investors cheer as Asian factories confirm demand return

Investors cheer as Asian factories confirm demand return

(ATF) Asian markets roared back on Tuesday after data from the region's factories showed a pick-up in activity and the broader-based recovery was a likely harbinger of a virtuous cycle, analysts said."The November PMI reports reinforce our view that external demand is still on track of recovery, despite the resurgence …

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Rethinking Asian tourism for the pandemic era

Rethinking Asian tourism for the pandemic era

(ATF) From a “staycation” in a five-star hotel to a “flycation” with views of Victoria Harbour, Hong Kong’s tourism industry is getting creative with ideas to generate business from potential local customers who have been unable to travel due to the coronavirus pandemic."We have a better environment and more social …

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China leads region after robust industrial profits

China leads region after robust industrial profits

(ATF) Hong Kong: Asian markets were broadly firm after data showed industrial profits in China surged at the fastest pace since early 2017 but the mood remained cautious as the coronavirus pandemic burned its way across Europe and the US.Globally, the infection count has exceeded 61 million with more than …

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Asian insurers see green future from phasing out fossil fuel investment

Asian insurers see green future from phasing out fossil fuel

(ATF) Insurance does not seem an obvious component of cutting carbon emissions, in comparison with tax breaks, government subsidies, bans, and corporate divestments of carbon assets. But insurers – along with the world’s biggest fund managers – say they are playing an important but largely hidden role in promoting a …

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Vaccines to accelerate Asian economic recovery 

Vaccines to accelerate Asian economic recovery 

(ATF) Coronavirus vaccine developments have been a shot in the arm for global markets, and nowhere has that been more evident than in Asia-Pacific, where strong economic recovery, combined with a sense of control over the pandemic, have boosted investors sentiment. That said, some countries in the region will grapple …

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Poole on Point: China fills the multi-polar trading gap

Poole on Point: China fills the multi-polar trading gap

(ATF) Flash back to 2005.Brunei, Chile, New Zealand and Singapore signed a trade agreement. Unknown at the time, that was the genesis of the a much larger free-trade agreement. President George W. Bush announced in 2008 that the US would begin trade talks not just with this group, but with …

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Mood soured by US Treasury-Fed spat

Mood soured by US Treasury-Fed spat

(ATF) Hong Kong: Financial markets tumbled on Friday as an unprecedented spat between the US Treasury and the Federal Reserve over pandemic recovery funds hammered sentiment already shaken by the rising coronavirus infection count.But mainland China and Hong Kong stocks edged up as the People’s Bank of China (PBoC) kept …

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Rise of EVs spells end of the oil era

Rise of EVs spells the end of the oil era

(ATF) Falling battery prices, environmental concern and electrification of transportation by crude-dependent countries like India and China could bring the oil era to an end, a strategist at financial think tank Carbon Tracker told Asia Times Financial on Friday.China’s has set a target for 20% of all cars on its …

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Deflation rears its ugly head again in Japan

Deflation rears its ugly head again in Japan

(ATF) The threat of deflation in Japan reared its head again Friday as data showed consumer prices had fallen the most in a decade last month, sparking a selloff in stocks.An announcement by Finance Minister Taro Aso that talks with the Bank of Japan on a financial stability package were …

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US snubbed as Asia forms world’s large FTA

US snubbed as Asia forms world’s large FTA

HANOI: Fifteen Asia-Pacific economies formed the world's largest free-trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump. The signing of the Regional Comprehensive Economic Partnership (RCEP) at a regional summit in Hanoi is a further blow …

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