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China approves debt-for-equity swaps
October 11, 2016--The Chinese government has approved a controversial program that will allow struggling companies' bank debt to be swapped for equity, as Beijing moves to address growing concerns over the country's massive debt pile.
The State Council signed off on debt-for-equity swaps, the subject of a fierce policy debate this year, as part of a broader effort to reduce corporate indebtedness in the world's second-largest economy, according to the Financial Times. Chinese companies have accumulated about $18 trillion in debt, an amount equivalent to 170% of gross domestic product.
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Source: chinaeconomicreview.com
BetaShares launches Australia's first global energy companies ETF-ASX: FUEL
October 10, 2016--Weare pleased to announce the launch of Australia's first global energy companies ETF which will trade under the ASX code FUEL.
FUEL provides simple, cost-effective and transparent exposure to the largest companies in the global Energy sector such as Exxon, Chevron, Royal Dutch Shell, BP and Total.
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Source: BetaShares
Investors' long wait for Indian exchange listings nears end
October 10, 2016--Regulators have loosened restrictions on investing in bourses.
During a visit to New York last summer to woo US investors, Indian finance minister Arun Jaitley had his sales pitch interrupted at one event by loud complaints from an unhappy fund manager.
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Source: FT.com
Taiwan Stock Exchange and Korea Exchange Expand Ties with Cross-Listed ETFs
October 7, 2016--The move further expands the growing links and cooperation between the two bourses.
The Taiwan Stock Exchange (TWSE) and the Korea Exchange (KRX) today announced the cross listing of ETFs tracking the benchmark indices of both markets.
The move further expands the growing links and cooperation between the two bourses. Both ETFs will be the first index-based products to track Korean and Taiwanese securities in each market.
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Source: financemagnates.com
World Bank-Reforms, Investments Could Make South Asia the Next Export Powerhouse
October 6, 2016--With around one million people entering the workforce each month and a growing urban population, South Asia can seize the opportunity to become the next manufacturing and export powerhouse through the right mix of reforms and investments, a new World Bank Group report released today said.
South Asia will be home to more than a quarter of the world's working adults by 2030 and should take advantage of a confluence of positive forces, such as favorable demographics, increasing education levels, growing cities, and rising labor costs in East Asia.
view the South Asia's Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse
Source: World Bank
IMF-Asia Still Growth Champion, But Must Watch Its Step
October 6, 2016--Asia still outperforms global economy, near-term outlook remains strong
Main risks: sluggish global output, weak trade growth, external financing environment
Policies should support more balanced growth and bolster resilience
Asia continues to lead global growth and its economy is projected to expand by about 5.4 percent this year and the next, said the IMF.
BetaShares Weekly Newsletter-Frankly it could be dear if you don't give a damn-the value of franking credit
October 5, 2016--Franking credits are important to keep in mind when thinking about your investments, and in particular, when it comes to tax time.
BetaShares Account Manager, David Whitby, investigates franking credits using a practical example from one of our most popular strategies, the BetaShares Australian Dividend Harvester Fund (managed fund) (HVST).
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Source: BetaShares
World Bank: Stable Growth Outlook for East Asia & Pacific in 2016-18
October 4, 2016--Report recommends cautious macroeconomic management to reduce vulnerabilities while pursuing policies to sustain inclusive growth over the medium term
Growth in developing East Asia and Pacific is expected to remain resilient over the next three years, according to a new World Bank report.
However, the region still faces significant risks to growth, and countries need to take measures to reduce financial and fiscal vulnerabilities.
view the World Bank East Asia and Pacific Economic Update
Source: World Bank
Shanghai Exchange poised to take Pakistan bourse stake
October 3, 2016--Move would mark Chinese exchange's first overseas investment and bolster China-Pakistan ties
The Shanghai Stock Exchange is in pole position to buy a stake in Pakistan's bourse, in a move that would mark the Chinese exchange's first overseas investment and bolster financial ties with one of China's closest partners.
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Source: FT.com
Philippine Economic Update (October 2016): Outperforming the Region and Managing the Transition
October 3, 2016--October 3, 2016--STORY HIGHLIGHTS
The Philippines has emerged as one of the most dynamic economies in the East Asia region in the first half of 2016.
The economic outlook is optimistic, with risks tilted to the upside.
Enhancing the inclusiveness of growth is a priority of the new administration.
Economic and policy developments
The Philippines has emerged as one of the most dynamic economies in the East Asia region. Despite a challenging global economic environment, the Philippine economy has grown at a rapid pace over the past five years, supported by sound macroeconomic fundamentals and a highly competitive workforce.
view the World Bank Philippine economic update:outperforming the region and managing the transition report
Source: World Bank