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ANZ tips first interest rate for Australia May 2019

February 9, 2018

SYDNEY – ANZ Bank is predicting May 2019 as the earliest likely timing for the first rate hike, in the absence of wage pressure emerging earlier than expected.  “Greater clarity about the RBA’s reaction function most likely rules out a rate hike in 2018, in our view,” an ANZ  research report says. “This is a shift from our previous expectation of two rate hikes.”

China cements position as leading green bond market, US$37.1 bn issued in 2017

February 8, 2018

LONDON -  Climate Bonds Initiative and China Central Depository & Clearing Co. Ltd (CCDC), with the support of HSBC, today released the China Green Bond Market 2017 report, showing that total green bond issuance from China reached US$37.1 billion (RMB248.6 bn) in 2017, a 4.5% increase on the previous record-breaking year.

Indian Chamber warns that India’s 30% tariff on pulses will seriously impact trade

February 7, 2018

BRISBANE – The Australia India Business Council fears that India’s decision to increase tariffs on pulses to30% will seriously impact trade with Australia – and has urged the Indian Government to consult with stakeholders in the Australian pulse market before any significant changes are made in tariff impositions.

Flurry of bi-lateral talks during PyeongChang Games

February 6, 2018

SEOUL – There will be a flurry of diplomatic activity on the sidelines of the PyeongChang 2018 Olympic and Paralympic Winter Games  starting today with South Korean President Moon Jae-in set to hold talks with more than a dozen global leaders from today. A North Korean delegation is attending the Games, with some hoping for a breakthrough in the North Korean nuclear crisis.

US Tax Act could see repatriation of US$2 trillion in overseas investment: UNCTAD

February 6, 2018

GENEVA - The United States “Tax Cuts and Jobs Act” will have significant implications for global FDI patterns - and will affect multinational enterprises and foreign affiliates accounting for almost 50% of global FDI stock, according to a special issue of the UNCTAD Global Investment Trends Monitor.

Japan’s current market well supported by fundamentals

February 1, 2018

TOKYO - With the Nikkei Index breaching the 24,000 mark, its highest level in 26 years, Japan appears to have put its “lost decade” of growth well behind it. And with the 30,000-point level now well within the Nikkei’s sights, maintaining an underweight bias on Japanese equities may further adversely affect investor portfolios in the years to come, says Nikko Asset Management.