CapitaLand Investment says investments slowing amid economic red flags

Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for the first half of … Read more

How Sri Lanka’s economic collapse raises alarm bells for other emerging markets

During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the government defaulted on its debt for the first time in history. As inflation continued to spiral out of control, with a massive … Read more

Japan’s Nikkei 225 up more than 2%

SINGAPORE — Japan stocks surged on return to trade, while shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the US inflation report. The Nikkei 225 jumped 2.62% to 28,546.98, while the Topix index rose 2.04% to 1,973.18. Japanese markets were closed Thursday for a holiday. … Read more

Economy contracts by 0.1% in second quarter

Shoppers walk through the rain on Oxford Street in London. Tolga Akmen/AFP/Getty Images The UK economy contracted in the second quarter of 2022, as the country’s cost-of-living crisis hit home. Official figures published Thursday showed that gross domestic product (GDP) shrank by 0.1% quarter on quarter in the second three months of the year, less … Read more

The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat … Read more

Pakistan’s finance minister says country headed in ‘right direction’

Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But that will cause pain for its people, he added. The country is desperately fighting for its survival as the recent rise in commodity and energy prices … Read more

Stocks fall, China consumer inflation rises

SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the US CPI report. Mainland China markets slipped, with the Shanghai Composite fractionally lower and the Shenzhen Component down 0.32%. China’s producer price index for July rose 4.2% from a year ago, lower than the 4.8% increase … Read more

Britain is becoming an ’emerging market country,’ analyst says

Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images Political instability, trade disruptions, an energy crisis and skyrocketing inflation are rendering the UK an “emerging market country,” according to Saxo … Read more

US, Europe, China slowdown could hurt Asian exporters: HSBC

Asian exporters will face significant challenges as demand from major markets like the US, Europe and China slow down in the coming months, according to the chief Asia economist of HSBC. Manufacturers in Europe are already pulling back quite significantly, namely in Germany, Frederic Neumann told CNBC’s “Squawk Box Asia” on Monday. “Remember that Europe … Read more

Market outlook ‘too volatile’ to chase stock, bond rallies, asset manager says

Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the … Read more