Investors should see February’s market jitters as a wake-up call that some risks still exist in an otherwise strong economy, according to Credit Suisse’s global chief investment officer. Speaking to CNBC at the bank’s Asian Investment Conference in Hong Kong, he said: “The jitters of February was a little bit […]
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Doubts are growing about Myanmar’s political leadership
The sudden resignation of Myanmar President Htin Kyaw is a worrying development for the country’s future, according to one politics watcher, especially as a crescendo of criticism engulfs de-facto ruler Aung San Suu Kyi. In a statement on Wednesday, Htin Kyaw’s office said the 71 year-old was departing immediately “in […]
‘Asian democracy’ appears to be working for many parts of the world: Credit Suisse
Concerns over the rise of far-right politics in the past two years may have receded recently, but the tides are changing when it comes to how countries are governed. “We see a shift from a preference for Western-style democracy, the old paradigms, the old conventions of free trade and globalization, […]
Asian shares close mixed in choppy session after Fed raises rates
Asian markets closed mixed Thursday in what proved to be a choppy session after the U.S. Federal Reserve raised interest rates for the first time this year. Japan’s Nikkei 225 rose 0.99 percent, or 211.02 points, to close at 24,591.99 and the broader Topix edged up by 0.65 percent, with […]
Best Buy is said to be cutting ties with China’s Huawei
Best Buy, the largest U.S. consumer electronics retailer, will cut ties with China’s Huawei Technologies, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States. Best Buy will stop selling Huawei’s devices over the next few weeks, according to the person with […]
China will win the A.I. race, according to Credit Suisse
The two largest economies in the world are dominating global research and development in the artificial intelligence field, but China is likely to emerge the winner, according to Credit Suisse. That prediction was based largely on one reason: China lacks “serious law” about data protection, which gives companies pretty much […]
The five biggest global political risks for the rest of 2018
Four of the five biggest threats to the global political system this year are directly related to President Donald Trump’s administration, according to an assessment from a Washington-based policy think tank. “What’s worrisome about the first days of President Trump’s second year is that the political stress emanating from Washington […]
Chinese consumers are increasingly preferring to buy domestic: Credit Suisse
Chinese consumers, especially the younger ones, increasingly favor local brands, a Credit Suisse survey has found. The bank, which released the Emerging Consumer Survey report Wednesday, found 19 percent of Chinese consumers surveyed saying local sportswear brands are worth paying for. That’s an improvement from the 15 percent who said […]
Asian shares trade mixed after Fed raises rates; dollar downbeat
Asian markets traded mixed Thursday in what proved to be a choppy session after the U.S. Federal Reserve raised interest rates for the first time this year. Japan’s Nikkei 225 rose 0.74 percent and the broader Topix edged up by 0.38 percent, with the mining and oil sectors climbing 4.53 […]
Zuckerberg: I haven’t seen a ‘meaningful number of people’ deleting Facebook accounts
Facebook CEO Mark Zuckerberg has not seen a “meaningful number of people” deleting their accounts in the wake of the Cambridge Analytica data scandal, he told The New York Times on Wednesday evening. Facebook has been under fire after reports in The Observer and The New York Times said London-based […]