China

Property investor blames NYC’s building cost hike on extra tariffs against China

Xinhua News Agency | Mar 22, 2019 at 5:21 AM
  • A prominent U.S. financier and property investor has attributed the recent rise in property construction costs in New York City to the extra tariffs imposed by the federal government on the materials imported from China.
  • U.S. commercial website Crain’s New York Business once undertook a cost study of a completed 90-story building at the Hudson Yards Development Corp..
  • Berson has been the chairman of The Fidelco Group since he founded it in 1981.

Japan

Japan firms see long Sino-U.S. trade war, China slowdown

Asahi Shimbun | Mar 22, 2019 at 12:00 AM
  • Three in four Japanese companies expect U.S.-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found.
  • The Corporate Survey found Japanese firms are increasingly feeling the pinch from the U.S.-China trade friction, although the overwhelming majority do not plan to move their operations out of China.
  • Corporate fears of damage from the trade war and China’s slowdown are feeding growing expectations that the Bank of Japan will maintain its massive stimulus for some time.

Greece

Asian business sentiment lingers near three-year low as trade war drags – Thomson Reuters/INSEAD

Hellenic Shipping News | Mar 21, 2019 at 12:00 AM
  • Confidence among Asian companies held near three-year lows in the first quarter as a U.S.-China trade dispute dragged on, pulling down a global economy that is already on a downward path, a Thomson Reuters/INSEAD survey found.
  • The Thomson Reuters/INSEAD Asian Business Sentiment Index tracking firms’ six-month outlook was flat in the March quarter from the previous quarter’s 63, compared with a near three-year low of 58 set in the September quarter.
  • Lessons from the 2008-2009 global financial meltdown have forced countries to strengthen economic defences.

United States

Japan firms see prolonged Sino-U.S. trade war, China slowdown to persist: Reuters poll

Investing.com | Mar 21, 2019 at 12:00 AM
  • Three in four Japanese companies expect U.S.-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found.
  • The Corporate Survey found Japanese firms are increasingly feeling the pinch from the U.S.-China trade friction, although the overwhelming majority do not plan to move their operations out of China.
  • Corporate fears of damage from the trade war and China’s slowdown are feeding growing expectations that the Bank of Japan will maintain its massive stimulus for some time.

Greece

Asian business sentiment lingers near three-year low as trade war drags – Thomson Reuters/INSEAD

Hellenic Shipping News | Mar 21, 2019 at 12:00 AM
  • Confidence among Asian companies held near three-year lows in the first quarter as a U.S.-China trade dispute dragged on, pulling down a global economy that is already on a downward path, a Thomson Reuters/INSEAD survey found.
  • The Thomson Reuters/INSEAD Asian Business Sentiment Index tracking firms’ six-month outlook was flat in the March quarter from the previous quarter’s 63, compared with a near three-year low of 58 set in the September quarter.
  • Lessons from the 2008-2009 global financial meltdown have forced countries to strengthen economic defences.

United States

Investment-Grade Corporate Bonds: Liquidity’s Worth

Wealth Management | Mar 20, 2019 at 1:55 PM
  • Investment-grade credit was drowning in complacency as third-quarter 2018 earnings announcements contained few surprises.
  • The result was a rout of corporate bonds spreads of 46 basis points in the fourth quarter, or 43 percent spread widening.
  • Bank loans, including loan syndicates and other direct lending opportunities, involve special types of risks, including credit risk, interest rate risk, counterparty risk and prepayment risk.

United States

Japan govt downgrades economy view as U.S.-China trade war bites

CNBC | Mar 20, 2019 at 8:36 AM
  • Japan’s government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output.
  • For March, the government left unchanged its assessment that consumer spending is recovering and capital expenditure is increasing.
  • The government is scheduled to raise the nationwide sales tax to 10 percent from 8 percent in October.

Japan

Japan downgrades economy view as U.S.-China trade war bites

Asahi Shimbun | Mar 20, 2019 at 12:00 AM
  • Japan’s government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output.
  • For March, the government left unchanged its assessment that consumer spending is recovering and capital expenditure is increasing.
  • The government is scheduled to raise the nationwide sales tax to 10 percent from 8 percent in October.

Singapore

Asian business sentiment lingers near 3-year low as trade war drags: poll

The Business Times | Mar 20, 2019 at 12:00 AM
  • Confidence among Asian companies held near three-year lows in the first quarter as a US-China trade dispute dragged on, pulling down a global economy that is already on a downward path, a Thomson Reuters/Insead survey found.
  • The Thomson Reuters/Insead Asian Business Sentiment Index tracking firms’ six-month outlook was flat in the March quarter from the previous quarter’s 63, compared with a near three-year low of 58 set in the September quarter.
  • A total of 100 companies from a range of sectors responded to the survey, conducted from March 1-15 in 11 Asia-Pacific countries where 45 percent of the world’s population live and 32 percent of global gross domestic product is generated.