ATI Newswire - Subscriber Only

China growth starting to feel pain of regulatory tightening – BBVA

August 14, 2017

HONG KONG - After registering a stronger-than-expected performance in the first half of the year, China’s economy started to show more signs of moderation in July. “In particular, the authorities’ prudent monetary stance and stepped-up regulatory efforts to tackle a number of financial vulnerabilities, including the risky shadow banking activities, overheating property market and debt overhang, seemingly have transmitted to the real economy, says BBVA Bank.

Is the current level of RMB appreciation sustainable?

August 11, 2017

HONG KONG – BBVA says the RMB’s strong performance in recent months has surprised the market, but is caused by a confluence of factors - a steep deprecation of US dollar against other major currencies; stronger-than-expected growth momentum in China; and effective implementation of a series of measures aiming to “promote capital inflows and limit outflows”.

Air Cargo posts strongest half-year growth since 2010

August 3, 2017

GENEVA – The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo’s rebound from the Global Financial Crisis in 2010, and nearly triple the industry’s average growth rate of 3.9% over the last five years. 

China shuts down illegal steel production in Tianjin and Hunan

August 4, 2017

BEIJING - China's Tianjin Municipality and Hunan Province have dismantled production facilities for inferior-quality steel bars following a national inspection by the State Council. Chinese Premier Li Keqiang recently called for steadfast efforts to push overcapacity cuts after the inspection found that certain steel mills were trying to resume production of inferior-quality steel bars.

Lacklustre growth in Indonesia to prompt further rate cut, says ANZ

August 7, 2017

JAKARTA – ANZ Bank is forecasting a further interest rate cuts of 25 basis points in the fourth quarter of 2017 after growth in Indonesia remained static at 5.1% in the second quarter.  It says economic activity was primarily weighed down by a contraction in Government expenditure, while growth in household consumption was also lacklustre.

Pages