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Friday, 22 May 2015

Asia

HP's China deal extracts harmony from awkwardness

22 May 2015

Selling 51 pct of its Chinese networking unit for $2.3 bln to a state-owned company looks like a partial retreat from an unfriendly market. But the U.S. tech giant now has a powerful ally with deep ties to Beijing. Rivals from Cisco to Microsoft should consider similar matches.

A bull statue is seen in front of flags of (L-R) Hong Kong Exchange, China and Hong Kong outside the

Real cost of Hong Kong mega-slump: under $3 bln

22 May 2015

The mystery collapse of Hanergy, Goldin Financial and Goldin Properties wiped $44 bln off their market values in two days. But actual losses for those who bought during the rally in recent months are far smaller. Big numbers aren’t always what they seem – especially in China.

Mystery sell-offs test Hong Kong at crucial point

21 May 2015

Regulators are probing Hanergy, whose $40 bln value halved in a morning. Two once-hot stocks backed by Goldin Group have also plunged. Hong Kong wants to act as a gateway to China for global investors. So maintaining a transparent, orderly market is more important than ever.

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012.

Yahoo tax distraction accentuates bigger challenge

20 May 2015

Worries that the IRS may block the company’s mooted spinoff of a $34 bln stake in Alibaba sent Yahoo shares tumbling. The reaction suggests the U.S. internet grab-bag is still largely defined by the Chinese e-commerce giant, not what CEO Marissa Mayer is trying to build.

malaysia

Malaysia's GDP blueprint has a credibility deficit

22 May 2015

Najib Razak has vowed to make the country rich by 2020. Investors are wary. The opposition chief is in jail, race relations are tense, and a scandal-plagued state investment fund has hurt the prime minister’s authority. A slumping ringgit shows there could be trouble ahead.

Japan index: Time to take stock

21 May 2015

Our Abenomics Index hit its highest level since 2001 in March, while fresh GDP data showed Japan’s economy growing at the fastest pace in a year. A rising stock market and slight increases in wages and consumer prices overcame higher bond yields to pump up the reading.

Edward Hadas

Edward Hadas: The uses and abuses of GDP

20 May 2015

The standard measure of output is a useful indicator of short-term trends. It can also help compare levels of development. In poor countries, faster GDP growth is a good policy goal. But in richer countries, GDP-think misses important economic changes and challenges.

VIDEOS

E-book

Election

UK election

24 April 2015

Who will gain from “follow the money” voting?