Breaking News

Category Archives: Asia/Pacific

Asia/Pacific sub of Regions category

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

Lead Stories Asia is building its own world order Parag Khanna – CNN Much has been made recently of how the policies of the Trump administration clash with the global conventional wisdom — and how these contrast with the new spirit of global leadership emanating from China. https://goo.gl/wNXVhL Time’s come for an Asian-Asean century By Roberto F de Ocampo – Asia News Network The first step in Asean’s long journey to today can, perhaps, be said to have been taken about 13 years before its formal founding in August 1967 with the signing of the Bangkok Declaration by the Philippines,…

Asia Pacific Financial News from John Lothian News – August 4, 2017 Standard

Lead Stories NSEL scam: Jignesh Shah denies violation of Sebi rules; alleges conspiracy; I stand tall, no agency has found anything against me, he said in the press conference Business Standard Embattled businessman Jignesh Shah on Friday denied any violation of insider trading norms following Sebi order against 13 entities, including his relatives, with regard to trading in shares of MCX and erstwhile FTIL even as he alleged “conspiracy” against him. https://goo.gl/34Xmkt China blacklists nine HSBC mutual funds for IPO violations; Regulators target market corruption in share subscription process Gabriel Wildau in Shanghai – FT HSBC’s China fund management venture…

Asia Pacific Financial News from John Lothian News -August 3, 2017 Standard

Lead Stories Your Evening Briefing: China Fears a Meltdown, Hong Kong’s Tiny Flats Bloomberg News China is afraid of what it might become – more specifically, it’s afraid of becoming Japan. A new light has been shone on the reasons for Beijing’s dramatic crackdown on private firms snapping up foreign assets — a report commissioned by President Xi Jinping’s top economic adviser, in which a key recommendation was to curtail big private companies’ global buying spree. The study warns China is in danger of emulating Japan in the 1980s, when it had become a manufacturing powerhouse and started buying up…

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

Lead Stories Hong Kong Exchange plans blockchain-based share market Finextra The Hong Kong Stock Exchange is planning to launch a new private market to provide early stage companies with a blockchain-based share registration and transfer platform for the conduct of pre-IPO financing off-exchange and clear of the regulatory remit of the Securities and Futures Ordinance. https://goo.gl/yJnck2 India’s Real Interest Rates Compared With Other Asia Economies By Arijit Ghosh – Bloomberg The RBI cut the repo rate today, as forecast by most economists in the Bloomberg survey. This is where India’s real interest rates now stand, compared with other central banks…

Asia Pacific News from John Lothian News – August 1, 2017 Standard

Lead Stories How to fix Hong Kong’s markets Chris Wright -Euromoney Everyone has a complaint about how Hong Kong’s markets are run, whether it is cornerstones, regulation, secret orders, or simply poor performance. How does HKEx get the environment right when everyone has a different idea of what is wrong? https://goo.gl/dmP8mS How China’s biggest bank became ensnared in a sprawling money laundering probe By ANGUS BERWICK and DAVID LAGUE – Reuters Part 1: When Chinese residents of Spain needed to get piles of illicit cash back home, police allege, they found an accomplice in the Industrial and Commercial Bank of…

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

Lead Stories Today we share with you the remembrances of several industry colleagues of the late Magnus Böcker on his life and the impact it had on them and our markets. We hear from Craig Donohue of OCC, Sutat Chew and Michael Syn of SGX, Adena Friedman of Nasdaq, Walt Lukken of the FIA, Nandini Sukumar of WFE, Phupinder Gill (formerly of CME Group), Nils-Robert Persson of Cinnober and Terry Duffy of the CME Group.~JJL Waldorf Owner Pressured to Sell as China Clampdown Escalates Bloomberg News China’s government said to ask Anbang to sell overseas assets; Insurer’s Waldorf purchase symbolized…

Financial Markets Leaders Remember the late Magnus Bocker Standard

I asked several leaders around the exchange world to offer remembrances of Magnus Bocker, the late former CEO of SGX. To start, I shall offer my own and add additional remembrances as they come in. I first met Magnus Bocker at a Deutsche Bank investment banking financial technology conference in New York where I had been asked to moderate an exchange leader panel. Magnus was then president of Nasdaq OMX. Also on the panel was Larry Leibowitz representing NYSE Euronext. Magnus was always gracious with me. He was likable, always smiling, whip-smart and well-dressed. In fact one year at the…

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

Lead Stories The Liberty Times Editorial: Purges could spark financial crisis Taipei News The apparent mass exodus of business tycoons from China and Hong Kong that we have been seeing of late —Dalian Wanda Group chairman Wang Jianlin (王健林) taking his investment overseas, just as Hong Kong billionaire Li Ka-shing (李嘉誠) has been shifting his focus to Europe — have led to both men coming under considerable criticism online. https://goo.gl/1kCtPk Who should lead China’s new agency to fend off financial crises? Wendy Wu, Jane Cai – South China Morning Post China’s premier or a vice-premier should head a new government…

Asia Pacific News from John Lothian News – July 26, 2017 Standard

Lead Stories US state hopes to gain in rice market By May Zhou and Zhang Yuan in Little Rock, Arkansas | China Daily China’s recent announcement that it would open its market to US rice exports made the governor of Arkansas happy. https://goo.gl/Svodr1 China to turn all centrally owned giants into joint-stock firms by 2017 Reuters via CNBC China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets….