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
China’s Xi Jinping made a lot of grand promises over the weekend, pledging a new order where China and Chinese-led institutions such as the new Asian Infrastructure Investment Bank would promote
As a messenger, Texas Sen. Ted Cruz has fire. It’s the message that’s the question for him. Cruz opened his official campaign for U.S. president Monday, becoming the first Republican to
I failed to impress Lee Kuan Yew when we met for the first time a decade ago. It was in December 2004 in Bangkok and he was giving a speech
Can Asia beat the rising-dollar curse? The question is far from academic considering the central role that a strengthening U.S. currency played in sparking the region’s 1997 crisis, as well as Latin
Asia’s aviation market is booming, but the supply of pilots isn’t nearly keeping pace with the demand for flights. Airlines are already struggling with shortages in staff. Two Japanese carriers
Few buzz phrases scare economists more than “new paradigm.” If such things existed, Japan would still dominate the world economy, risk would have been eliminated from Wall Street, and the
A very senior journalist at the Financial Times once said to me: “Be American.” The person meant be positive. Don’t fear failure. Don’t worry about setbacks. Have the courage to
CHINA A Canadian woman detained in China along with her husband on suspicion of stealing state secrets has been released on bail, the Chinese Foreign Ministry said yesterday. Ministry spokesman
For the past six days the west’s attention has been transfixed by the murderous attacks in Paris that left 17 people - cartoonists, security guards, police officers and Jewish hostages
NIGERIA Hundreds of bodies — too many to count — remain strewn in the bush in Nigeria from an Islamic extremist attack that Amnesty International suggested Friday is the “deadliest
Bitcoins introduced a lot of people to the idea of computerized money. Now the digital currency, which set off a minor frenzy when it broke into public consciousness in 2013,
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