One of India’s most ambitious economic reform plans in 70 years will ultimately boost tax receipts and provide simplicity for businesses, but the true impact may not be felt for at least a decade due to implementation challenges, experts said. After several rounds of deadlock in the parliament, India is set to roll out the […]

China‘s growing influence on Hong Kong has triggered concerns and protests, but Beijing will want to keep the city politically stable given its economic importance to the mainland and appeal to Western firms looking to set up a base in the region, analysts said. “From Beijing’s perspective, Hong Kong is still very important as a […]

China’s move to open up its fixed income market to foreign investors will eventually unleash “massive” demand for the mainland’s bonds, Charles Li, CEO of Hong Kong’s stock exchange, told CNBC on Friday. In May, regulators in Hong Kong and on the mainland approved a “bond connect” program to allow investors operating in Hong Kong […]

Twenty years ago, on the 30th of June 1997 the sovereignty of Hong Kong was reversed to China. Two days later, the devaluation of the Thai baht marked the start of the Asian crisis. At the time emerging markets (EM) assets had already underperformed developing markets (DM) assets for a number of years and the […]

U.S. President Donald Trump will press South Korean President Moon Jae-in to solve trade differences over cars and steel in meetings in Washington focusing on the nuclear threat from North Korea. Concerns about the U.S. military’s THAAD missile defense system and China’s role in the region also are likely to come up in talks between […]

The search for yield has turned many investors’ attention to emerging Asia, with China, India and Indonesia often featured as preferred investment picks. But Amundi Asset Management has thrown a surprising name into the hat: Singapore. Equities in the Southeast Asian city-state have outperformed many of their regional peers in the first half of 2017, […]

U.S. President Donald Trump‘s administration reversed a decision late on Thursday as its revised travel ban took effect and said fiancés would be considered close family members and therefore allowed to travel to the United States. The U.S. State Department concluded “upon further review, fiancés will now be included as close family members,” said a […]

Qatar‘s central bank said on Friday it will guarantee all exchange transactions for customers inside and outside Qatar without delay, adding that all banks and foreign exchange companies are committed to trading the riyal as usual. The statement came after media reports said some exchange companies have stopped buying the Qatari riyal, which the central […]

The United States plans to sell Taiwan $1.42 billion in arms, the first such sale under the administration of Donald Trump and a move sure to anger China, whose help the president has been seeking to rein in North Korea. U.S. State Department spokeswoman Heather Nauert told reporters the administration had told Congress of the […]

Chinese President Xi Jinping reaffirmed on Thursday Beijing’s commitment to “one country, two systems,” even as Hong Kong democracy advocates grow increasingly skeptical of the mainland’s intentions. Xi’s visit, tied to the 20th anniversary of the handover of Hong Kong from British rule, has renewed protests from those who claim Beijing has no interest in […]