India Business Confidence at Lowest Since Feb 2014-Growth in New Orders and Production Continues to Ease
November 26, 2015--The busy festival season failed to bring cheer to India's largest companies in November, as business sentiment fell to the lowest level since February 2014, with companies also seeing little chance of a
revival over the coming months.
The MNI India Business Sentiment Indicator, a gauge of sentiment among BSE-listed companies, fell to
60.9 in November from 62.3 in October, to stand 11.6% down on the year.
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Source: MNI Indicators
China's Earliest Monthly Economic Indicators Flash Warning Sign
November 24, 2015--Minxin PMI declines, snapping two months of increases
Baidu index drops, MNI sentiment weakens as challenges mount
China's economy is still showing a muted response to waves of monetary and fiscal easing as of the half-way mark for the last quarter of the year, some of the earliest indicators suggest.
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Source: FIN24
Enhanced Investment Products Limited launches smart-beta ETF which utilises CLSA'S Growth At a Reasonable Yield (GARY) Strategy
November 20, 2015--On November 11, 2015, Enhanced Investment Products Limited's (EIP) exchange traded funds (ETF) business launched the XIE Shares CLSA GARY ETF (The GARY ETF) on the Hong Kong Stock Exchange.
The GARY ETF (Ticker: 3102) is a rules-based, smart-beta ETF that provides exposure to globally listed, Asia Pacific (ex-Japan) stocks with strong dividend yield and growth.
The GARY ETF tracks CLSA GARY Net Total Return Index (the Index), a smart-beta, rules-based index focused on Growth At a Reasonable Yield or GARY. The dual-focus on dividend yield and earnings growth improves the all-weather capabilities of the multi-layered Index by providing additional filters that exclude stocks with unsustainable dividends.
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Source: CLSA
India's Economy Could Grow 8% Or More In Fiscal 2016, Finance Minister Says
November 19, 2015--India's economy could expand by 8 percent or more in fiscal 2016, should just "one of three factors improve", Indian Finance Minister Arun Jaitley told The Nikkei Asian Review
-predicting the fastest expansion in six years.
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Source: emergingequity.org
Exclusive: After market crash, China mulls single 'super-regulator'
November 17, 2015--China is considering bringing together its banking, insurance and securities regulators into a single super-commission, sources told Reuters, following the summer's stock market crash that was blamed in part on poor inter-agency coordination.
China's stock markets .CSI300 dropped by more than 40 percent between mid-June and August, forcing Beijing to take unprecedented measures to prevent a wider panic, embarrassing the government and delaying planned improvements to nascent derivatives and futures markets.
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Source: Reuters
Singapore Exchange plans bond trading platform launch in first-quarter
November 17, 2018--Singapore Exchange Ltd (SGX) (SGXL.SI) is looking to launch a corporate bond trading platform in the first quarter of 2016 as it seeks to expand its product suite in an effort to boost revenue, its CEO said.
SGX is seeing a business opportunity in offering a platform for fixed income as regulatory changes prompt global investment banks to scale back in this segment.
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Source: Reuters
Singapore Exchange's Bond-Market Foray Now Includes a Dark Pool
Venue is designed to minimize price impact of debt trades
Fixed-income platform will start in the first quarter of 2016
November 17, 2015--Singapore Exchange Ltd. will open a dark pool for bonds as the 42-year-old bourse prepares to enter the institutional fixed-income trading business for the first time next year.
The venue, which allows traders to flag interest in a security without indicating the size or the price of their desired transaction, will form part of SGX's Bond Pro platform scheduled for the first quarter of 2016,
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Source: Bloomberg
Key bourses double margin requirements
November 13, 2015--New rules to help curb leverage, prevent market volatility, says securities regulator
The Shanghai and Shenzhen stock exchanges raised deposit requirements for margin trading to 100 percent from the current 50 percent on Friday, as part of China's efforts to curb market volatility.
Margin trading refers to stock purchases made using borrowed money and was cited as one of the main culprits for the market rout earlier this year.
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Source: chinadaily.com.cn
World Bank report: continued policy reforms needed to mitigate external risks
November 10, 2015--Continued fiscal consolidation and sound monetary policies, along with a revitalization of foreign investment, are needed to help Mongolia weather external risks, the World Bank said in its latest Mongolia Economic Update.
According to the newly released report, Mongolia's long-term economic prospects remain promising but the economy faces short-term challenges, with limited policy buffers to address imbalances in the economy and debt repayments beginning in 2017.
view the Mongolia Economic Update-November 2015
Source: World Bank
Japan Officially Gets Leapfrogged by the Four Asian Tigers
November 9, 2014--Throughout the decades in the 1950s and 1960s, the Japanese economy was envied for its unrelenting growth.
Dubbed the "Post-War Miracle", this period of time saw Japan become a global center of manufacturing and exports.
Japanese brands such as Toyota, Sony, Honda, Mitsubishi, Panasonic, and Canon would become household names worldwide. By the 1960s, Japan catapulted to become the second largest economy in the world.
Today, Japan has the third largest economy in terms of total nominal GDP, and the fourth largest by GDP adjusted for Purchasing Power Parity (PPP). This doesn't seem so bad on paper, but Japan also has nearly 130 million people.
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Source: visualcapitalist.com