China: What’s really behind the currency move?

From

China’s decision earlier this month to change the way in which the central parity or “fix” rate of the renminbi (RMB) is determined has been widely characterised as a devaluation

continue reading

Malaysia: capital controls to support ringgit would be disruptive

From

China’s surprise currency devaluation, which triggered a sell-off in many Asian currencies, has increased Malaysia’s headache as the country had already been struggling to halt the ringgit’s decline. Reintroducing capital

continue reading

China’s currency devaluation increases certainty

From

China’s surprise currency devaluation sparked a debate on whether it was part of the country’s ongoing financial reform or a measure to boost flagging exports. The plot thickens, as the

continue reading

Indonesia’s fiscal performance set to improve

From

Indonesia’s decision to scrap domestic fuel subsidies and use the savings for needy infrastructure projects marks a big step forward for the country’s fiscal health. It not only lessens the

continue reading

US economic growth and implications for monetary policy

From

Despite the modest second quarter rebound, the economy’s growth rate has been generally sluggish over the past five years. This may suggest lower potential growth going forward—and less resource slack

continue reading

Alpha fund managers add AllianceBernstein Global Equities Fund to Multi-Manager Portfolio

From

Global asset manager AllianceBernstein (AB) announced today that multi-manager Alpha Fund Managers has become the initial investor in the AllianceBernstein Global Equities Fund. “We are delighted to join Alpha Fund

continue reading

Fundamentals and policy keep RMB riding at anchor

From

Even before the correction in China’s A-Shares market, a number of investors expressed to us scepticism about our positive outlook for the renminbi (RMB). Some even saw devaluation as a

continue reading

Despite uncertainty and volatility, China’s reforms could trigger six world-shaking changes, says AB

From

One of the biggest risks facing investors concerned about weak growth and market volatility in China is that they could be underestimating the country’s upside potential, research by global asset

continue reading

Europe’s consumer-led recovery not just about the oil price

From

Consumer spending in the euro area is now growing at its fastest since 2007. Lower oil prices have helped but are only part of the story, in our view. There’s

continue reading

Asia: Too early to worry about El Niño as downside risks to growth persist

From

After a period of lower oil prices and disinflation concerns, Asian markets are shifting their focus to the risk of an El Niño–driven food price inflation. But an absence of

continue reading