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Category Archives: Politics

An overview of politics during an election year as it relates to the financial markets

Asia Pacific Financial News from John Lothian News – November 8, 2017 Standard

Lead Stories Trump Hunts for Trade Deals in Asia No trophies so far, as North Korea and other issues dominate the first stage of the president’s journey. By Peter Coy , Enda Curran , and Justin Sink – Bloomberg Donald Trump’s withdrawal from the 12-nation Trans-Pacific Partnership has put the U.S. in a difficult position when it comes to Asian commerce. That was apparent in early November when the president embarked on a tour of East Asia that took him to Japan, South Korea, and China, with further stops planned in Vietnam and the Philippines. Trump was greeted with pomp,…

Asia Pacific Financial News from John Lothian News – November 7, 2017 Standard

Lead Stories As Nikkei Hits Highest Since 1992, Some Say Party Has Just Begun By Min Jeong Lee – Bloomberg Blue-chip stock gauge rose for 16 days in record-beating rally; Abe election, earnings, foreign buyers seen propelling gains It’s pick-a-number time for Japanese stock bulls after the Nikkei 225 Stock Average zoomed past 22,666.80 on Tuesday to close at the highest since 1992. https://goo.gl/VZqgoz Hong Kong Traders Get Vertigo as Stocks Whipsaw to Decade-High By Richard Frost – Bloomberg Hong Kong’s Hang Seng Index is back on top, but jitters are building. The city’s stock traders may be forgiven for…

Asia Pacific Financial News from John Lothian News – November 5, 2017 Standard

Lead Stories China and Australia ink fintech deal to share information on new trends; Regulators in both countries will provide each other with insights on experiments with regulatory technology Ryan Browne – CNBC China and Australia’s regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in each other’s markets. https://goo.gl/VWfr28 China’s Central Bank Chief Warns of ‘Sudden, Contagious and Hazardous’ Financial Risks Bloomberg News Wide-ranging commentary also pushes for tougher regulation; Zhou says China needs to reform, open up financial markets China’s financial system is becoming significantly more vulnerable…

Asia Pacific Financial News from John Lothian News – November 2, 2017 Standard

Lead Stories What’s Next for China’s Markets Now Xi Jinping’s Party Is Over Bloomberg News Angst about deleveraging plans fueled post-congress selloff; Trump visit, outlook for yuan regime in focus going forward The games are over. Let the games begin. China watchers had long suspected that Beijing would be more tolerant of bigger market moves after the Communist Party’s once-in-five-years congress ended last week — but the ferocity of the selloff in bonds and stocks took analysts by surprise. https://goo.gl/yv9gww Trump will tell Asia that world ‘running out of time’ on North Korea: White House Steve Holland – Reuters President…

Asia Pacific Financial News from John Lothian News – November 1, 2017 Standard

Lead Stories Rise of the machines must be monitored, say global finance regulators Reuters Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. https://goo.gl/a17hv5 The Heavy Metal Battle Between JPMorgan and This Historic Exchange By Jack Farchy – Bloomberg LME is planning new fee charging dealers for OTC contracts; JPMorgan is one of the biggest OTC metals traders in London In its battle to restore its place in the market, the London Metal Exchange is taking aim at one of…

Asia Pacific Financial News from John Lothian – October 31, 2017 Standard

Lead Stories HKEx’s chief defends LME deal, says will ‘eventually recoup’ the £1.4bn paid Henry Sanderson, Neil Hume – FT Charles Li, head of Hong Kong Exchanges and Clearing, defended his £1.4bn purchase of the London Metal Exchange, saying it was a rare asset that would eventually recoup the money paid for it. https://goo.gl/zz5RVX Hibor’s Frightening Halloween Turn; The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high Here’s a Halloween mystery: The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high….

Asia Pacific Financial News from John Lothian News – October 30, 2017 Standard

Lead Stories Singapore unveils plan to bolster its status as an Asian financial hub Masayuki Kitano – Reuters Singapore unveiled a roadmap for strengthening its status as a financial hub in Asia, with the aim of growing the sector more than 4 percent a year and creating thousands of jobs. https://goo.gl/ovNfZo A New Asia-to-Europe Railway Route Is Opening Up By Zulfugar Agayev – Bloomberg Baku-Tbilisi-Kars line links Asia and Europe via Caucasus; Leaders from five countries attend opening of project Azerbaijan opened a long-delayed railway through the Caucasus region that’s intended to become a new transport corridor for goods carried…

Asia Pacific Financial News from John Lothian News – October 27, 2017 Standard

Lead Stories Selfies and ceremony as the Hong Kong stock exchange’s floor trading hall closes for good; About 1,400 traders join the city’s Chief Executive Carrie Lam to bid farewell to the hall and to mark the end of 126 years of floor trading history Enoch Yiu – South China Morning Post Stock traders past and present, many wearing the traditional red jacket, joined government leaders at the trading hall of the Hong Kong stock exchange on Friday for its official closing ceremony, bringing down the curtain on 126 years of floor trading in the city. https://goo.gl/9JRU9N Trump’s business envoy…

Asia Pacific Financial News from John Lothian News – October 26, 2017 Standard

Lead Stories At 87, a Stogie-Toting Legend Mourns the End of Trading Floors; As the Hong Kong exchange prepares to close its storied trading floor, the ‘Cigar King’ looks back By Steven Russolillo – WSJ When David Tung Wai visited the trading floor of Hong Kong’s stock exchange recently, he did so with the reverent sadness one shows for an elderly friend in declining health. https://goo.gl/XBYAJg Asia Now Has More Billionaires Than the U.S. By Katya Kazakina and Patrick Winters – Bloomberg One billionaire is created every three weeks in China: UBS; U.S. still has greatest amount of billionaire wealth,…