Economics

What Happened Before the Jobs Data and More


Activity in the global capital markets is subdued. Yesterday's moves are being consolidated, and the dollar has been confined to narrow ranges.  The euro is in a quarter cent range, while sterling is in a 50 cent range and the dollar has been confined to about two-thirds of a yen. 

Trinidad and Tobago is Talking to Ghana about Their Futures


Hardly anyone paid attention when Trinidad and Tobago Prime Minister Dr. Keith Rowley visited Ghana early in May 2016. The lack of interest was probably because of economic realities. Major markets like the US and China are looking less towards West African and Caribbean nations as energy producers. There’s been a dramatic collapse in commodity prices.

Japan and Vietnam Team Up to Worry about China


Three weeks after assuming office, on 22 April 2016, Vietnamese President Tran Dai Quang was quoted as saying that Japan is ‘one of Vietnam’s most important cooperative partners’. The importance given to the Vietnam–Japan relationship, on both sides, has increased with the changing power configuration in Asia.

ADP and ECB Preview


The US dollar remains under pressure.  It is off for the third day against the yen and slipped below JPY109 for the first time in a little more than two weeks.  The Nikkei struggled to cope with the foreign exchange developments, lost 2.3%, the most in a month, after gapping lower.  At JPY108.50, the dollar would have given back 50% of its rally off the May 3 low near JPY105.50.   Below there, the JPY107.80 is the 61.8% retracement. 

Professional Golf to Trump: Fore!


The media circus surrounding Donald Trump’s bid for the US presidency is briefly switching from America to the £200m reopening of a golf resort in south-west Scotland. Trump Turnberry, as it has been renamed, boasts a remodelled course and a substantially upgraded five-star hotel and spa. The man himself is reportedly to fly in for a grand ceremony on June 24.

Does Asia's Slowdown Contain Undue Pessimism?


A gloomy outlook is enveloping the world’s economies. There are concerns that countries are failing to sufficiently focus on long-term policy responses to reverse the decline in global growth. Some are even arguing that the global growth slowdown may be permanent. However, for developing Asia, this downbeat view is clearly overstated.

When an FTA Falls Short


The South Korea–China Free Trade Agreement (FTA), which entered into effect in December 2015, has proved disappointing. The pact excludes too much economic activity and does too little to propel growth in both countries. As a result, South Korea and China have missed an opportunity to set a new precedent for East Asian economic integration.

Australia Before and ChAFTA


Australia, as in the past, has the potential to play a role in shaping the Asian economic cooperation agenda in a way that deepens regional economic linkages and lifts the growth potential of Asian economies. As the world’s economic gravity continues to shift to Asia, Australia will benefit greatly from being an integral part of Asia’s economic transformation.