Asia Pacific
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China has a rare shot at a “win-win” deal: to trade an appreciation of its currency for something it wants from the US, argues Charles Dumas at Lombard Street Research. The Seoul G20 would be the natural place to cut that deal
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Hong Kong’s renminbi bond market had a burst of activity this week as Goldman Sachs and UBS placed their first deals in the offshore market, China Development Bank returned for a two year issue that got $7.5bn of demand and Export-Import Bank of China (Chexim) plotted its own return.
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The global crisis has not derailed business reforms in developing economies, with east Asia and the Pacific leading the push this year, according to the World Bank’s flagship “Doing Business” report for 2011 -
Philippine oil company Petron Corp sold an international synthetic peso bond this week, following the country’s government in giving global investors exposure to a currency that shot to a two-year high this week after the US Federal Reserve pledged another round of quantitative easing.
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Philippine oil company Petron Corp started meeting investors this week ahead of a global peso deal that could launch within the next few days, following the Republic of the Philippines’ $1bn deal last month.
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The Asian Development Bank pushed the maturity of the Hong Kong renminbi bond market out to 10 years this week, selling a Rmb1.2bn ($180.4m) deal that fellow supranational lender International Finance Corp now plans to follow.
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China has moved to raise interest rates for the first time in three years in a bid to cool its overheating economy. But further tightening is far from assured
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In a wide-ranging interview, India’s finance minister Pranab Mukherjee discusses the challenge of maintaining balanced growth in Asia’s emerging giant. Read the full transcript
