When Matt Damon is rescued from Mars in this fall’s sci-fi blockbuster, “The Martian,” an assist from the Chinese space program is critical to getting the American home. The plot
If no good deed goes unpunished, then Portuguese Prime Minister Pedro Passos Coelho got off lightly in Sunday’s elections. After overseeing reforms that kept the Portuguese economy from getting worse,
Singapore is starting to look like Beijing or New Delhi. That’s because you can’t see it through the haze. Smog has disrupted outdoor events, forced schools to close and sent
“Europe’s biggest migration emergency since the Second World War” – that’s how most British newspapers described a massive influx of Syrian refugees last week. The accompanying stories criticized the callous
Until very recently, large exposure to China was seen as an advantage, a toehold in the market of the future. Now it’s seen as a risk, and some of the
In Europe, the more time that passes from the terrible events of the second world war, the more the rancour diminishes between the warring nations. In north-east Asia, sadly, the
Asian leaders could be excused a degree of exasperation over the ongoing Greek mess. China’s slowdown and stock-market chaos are worry enough; the last thing the export-dependent region needs is
Does Greece belong in the euro area? This fundamental question has divided Europe’s governments for months, and still does. The deal just announced only pretends to resolve their disagreement. That’s
Malaysian Prime Minister Najib Razak may very well be, as he insists, innocent of charges that nearly USD700 million in government-linked funds ended up in his personal accounts. But his
The thumping win for Greek Prime Minister Alexis Tsipras in Sunday’s referendum is being celebrated as a moment of clarity – by core supporters of Tsipras’s Syriza-led government in Athens
The Greek parliament has approved a referendum to decide whether to accept the latest bailout terms offered by the country’s creditors. It will come too late and ask the wrong question. This is a
JPMorgan Chase and BlackRock disagree about China’s stock bubble. The former says last week’s 13 percent share plunge is a reason to buy; the latter sees things “deflating quite rapidly.” So who’s
The Japanese government’s newfound embrace of international corporate governance standards has the potential to be an epochal moment for the country’s economy. Shareholders are now being encouraged to challenge Japanese CEOs, and companies
Bill Gross of Janus Capital says his next great short trade may be Chinese stocks. With the Shenzhen and Shanghai markets up another 9 percent last week, it’s not hard to
Christine Lagarde’s people say China’s currency is no longer undervalued. Jacob Lew’s argue it still is. There’s a lot at stake in the debate: The yuan can’t gain status as a
Traders have been panicking over the sudden rise in global bond yields triggered by the expected tapering of the Federal Reserve’s stimulus programs. But an unlikely savior may emerge to
In retrospect, HSBC’s decision in 1993 to abandon Hong Kong for London’s Canary Wharf was one of modern history’s worst business moves. It seemed perfectly wise at the time, just
Asia has a China problem. Beijing has just initiated its biggest cut in bank reserve requirements since 2008, a move that underscores just how worried it is about its economy. But the
China is building new harbors and airstrips on various reefs and atolls in the Spratly Islands – facilities that, Beijing confirms, will be used for military as well as civil
China’s creation of the Asian Infrastructure Investment Bank and the bungled U.S. response have given Beijing a nice diplomatic win. Not hugely consequential in itself, the episode is a case study
Copyright © Macau Daily Times 2008-2022. All Rights Reserved