China shows commitment to renminbi stability with currency fix
June 29, 2016--Beijing sets exchange midpoint at unexpectedly strong level.
China fixed the renminbi's exchange rate at a level stronger than many expected on Wednesday in a sign that stability for the currency remained Beijing's paramount objective.
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Source: FT.com
EURO STOXX 50 And DAX Indices Licensed to iShares to Underlie Two Exchange-Traded Funds in Hong Kong
June 29, 2016--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 and the DAX have been licensed to iShares, to serve as the underlying for two exchange-traded funds (ETFs) in Hong Kong.
iShares are a family of exchange traded funds (ETFs) marketed and managed by BlackRock. The new ETFs will be available on the Hong Kong Stock Exchange as of today.
"We are pleased that the offering for STOXX’s and Deutsche Böerse's flagship indices is expanded in Hong Kong," said Matteo Andreetto, chief executive officer, STOXX Limited.
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Source: STOXX
Thailand's Economy Expected to Grow 2.5 Percent in 2016
June 28, 2016--Continuing Economic Reforms, Addressing Aging Population Are Critical Priorities
Thailand's economy is expected to grow by 2.5 percent in 2016, after growing 2.8 percent last year.
While the global economy has been weakening and exports have been slowing, strong fundamentals and ample fiscal and monetary buffers will help Thailand weather shocks, according to the 2016 Thailand Economic Monitor released today by the World Bank.
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Source: World Bank
8 things you need to know about China's economy
June 23, 2016--The Chinese economy receives a lot of interest in the media but it can be difficult to keep track of the basic facts. Here is an overview of China's economy in the context of its global economic rise.
China was the world's largest economy in 1820-and is the second largest economy today
When President Monroe looked beyond the United States in the 1820s, he saw a vastly different world than the one we see today: the Greeks had just begun to revolt against the Ottoman Empire, Brazil declared independence from Portugal and the world's first modern railway opened in England, where the first industrial revolution was already underway. Meanwhile, China, where the Qing dynasty approached its third century of imperial rule, held the largest share of global GDP.
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Source: World Economic Forum
Reforms Strengthen Indonesia's Economic Resilience: World Bank Report
Lower than Expected Global Growth Forecast Poses Risks to Stronger Domestic Economic Recovery
June 20, 2016--Indonesia's economy continues to prove resilient with a forecasted GDP growth of 5.1 percent for 2016.
But weaker than expected global economic expansion may moderate the growth recovery of Southeast Asia's largest economy, according to a new World Bank report. The World Bank recently lowered its growth projections for the world by half a percentage point than previously expected, to 2.4 percent.
view the Indonesia Economic Quarterly, June 2016: Resilience through Reforms World Bank report
Source: World Bank
World Bank-India Development Update-June 2016
June 20, 2016--The World Bank's latest India Development Update-a twice yearly report on the Indian economy and its prospects-finds that India's economy expanded at a faster pace in FY 2016.
The report says that the economy was lifted to a higher growth path by demand from urban households and public investments, despite the fact that other key growth engines had stalled.
view the World Bank report-India development update:financing double-digit growth
Source: World Bank
Mrs Watanabe bets on robots to rule
June 19, 2016--World's first robotics-themed managed equity fund a big hit with Japan's retail investors.
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Source: FT.com
China snubs MSCI after 'A' shares denied inclusion in index
June 16, 2016--Mainland China on Wednesday brushed off stock index firm MSCI's decision to exclude the country's A shares from its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks.
The mainland's markets were up by the close despite the rejection, leading to speculation that Beijing had intervened in an effort to prop up confidence.
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Source: www.chinapost.com
EURO STOXX 50 Index To Underlie Exchange-Traded Fund In Taiwan
June 15, 2016--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 Index serves as the underlying for an exchange-traded fund (ETF) in Taiwan.
The index has been licensed to Yuanta Securities Investment Trust Company (Yuanta SITC), the largest mutual fund company in Taiwan, in September 2015.
"Today marks a big step for us as we further strengthen our presence in the Asian market. The EURO STOXX 50 Index is the leading blue-chip index for the Eurozone," said Matteo Andreetto, chief executive officer, STOXX Limited.
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Source: STOXX
Hang Seng Indexes Licenses Mirae to Use
June 16, 2016--Hang Seng Indexes Company Limited ("Hang Seng Indexes') has licensed the Hang Seng China Enterprises Index ("HSCEI") to Mirae Asset Global Investments Company Limited
("Mirae") to serve as the underlying index for the creation of an exchange-traded fund ("ETF").
The ETF was listed on the Korea Exchange today. The HSCEI is the renowned barometer for tracking the performance of mainland China
enterprises with H-share listings in Hong Kong.
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Source: Hang Seng Indexes Company Limited
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