Asian Economy

HSBC Relocates CEO To Hong Kong For Asia Expansion

Armen Hareyan — Fri, 25 Sep 2009 12:50:12 -0500

In a move to strenghten its Asian presence and emerging markets HSBC decided to relocated its CEO to Hong Kong. This is in line with the group's earlier strategy to expand in Asian and emerging markets. HSBC says the Holdings will remain domiciled in the UK.

Macao Unemployment Steady, Brightening Outlook

Armen Hareyan — Wed, 10 Jun 2009 13:47:57 -0500

Little Macao's economy and steady unemployment levels may be worth the attention of a Western Analyist. The unemployment in Macao has remained steady, which in turn may give hopes to the Chinese economy and that in return may brighten the outlook of the global economic recovery.

Asia Hit with More Bad Economic News

Armen Hareyan — Thu, 11 Dec 2008 06:51:11 -0600

The global economic slowdown continues to take a toll on Asia. New data from China show growth is slowing, while the South Korean central bank has made an unprecedented interest rate cut. And things are not likely to improve next year.

Falling Oil Prices Ease Economic Pain in Asia

Armen Hareyan — Wed, 19 Nov 2008 06:43:13 -0600

Oil prices are now more than 60 percent off their record highs in July. Although the oil price still remains above $50 a barrel, in Asia, consumers and governments are benefitting from the decline. VOA's Kate Pound Dawson in Bangkok takes a look at what cheaper oil means for the region.

ADB Forecasts Solid Growth for Asia in 2008

seher — Wed, 02 Apr 2008 14:53:56 -0500

The Asian Development Bank says while Asia will not be immune to the global slowdown, economies in the region will continue to see solid growth in 2008. But the bank warns in its annual outlook that inflation in the region will jump this year.

India Execs most optimistic on economy, inflation: McKinsey

Armen Hareyan — Mon, 30 Jul 2007 07:14:19 -0500

Business executives in India are the most optimistic in the world in terms of expectations for growth in Indian economy, their industries as well as improvement in inflation levels in their countries, a new McKinsey study shows.

Asia Threatened by Global Financial Imbalances, Contemplates Integrated Future

Dinka — Fri, 04 May 2007 12:13:51 -0500

Asia's economic development is a success story that has been decades in the making. But in the past decade, the region has become a key factor in a global imbalance marked by too much reliance on exports by countries in one part of the world and excessive consumption by countries in another part, such as the United States. As senior officials from the Asian Development Bank gather in Kyoto, Japan, some say the way to end this imbalance is through regional economic integration.

UN economic survey shows mixed results for Asia

Dinka — Wed, 18 Apr 2007 10:41:43 -0500

The United Nations has warned that Asia is more vulnerable to a repeat of the financial meltdown that swept the region a decade ago, while hailing it as the locomotive of global growth. The caution is issued in the annual survey by ESCAP, the UN's Economic and Social Commission for Asia and the Pacific.

UN Says Asian Economic Growth Hinges on Investment in Infrastructure

Dinka — Mon, 26 Mar 2007 06:15:01 -0500

A regional United Nations agency says Asia needs to step up investment in infrastructure to maintain the region's high growth momentum. Anjana Pasricha reports from New Delhi, where the U.N.'s Economic and Social Commission for Asia and the Pacific (ESCAP) recently held a meeting on infrastructure development in Asia.

LSE Asia Forum in New Delhi, 7 December 2006

Dinka — Mon, 18 Dec 2006 15:08:13 -0600