World economy

Global utilities valuations

Global Utilities: LatAm And Asia Growing Fastest, US Trading At Highest PEs, Japan At Tightest Yields

A recent report by Citi attempts to contrast global utilities valuations and highlight key investment opportunities. Summarizing, Asian and LatAm utilities, while growing fastest at 14-16%, trade at dividend yields of 3.5% and 5.3% reflecting risks. Japanese, US and European have dividend yields of 2.4%, 3.5% and 5.5% consistent with their growth profiles of 7%, 6% and 2.7%, respectively.

The bridge to connect Asia: the Wakhan corridor

The Bridge To Connect Asia: The Wakhan Corridor

Mirwais Parsa | China, an economic giant, has started the move to revitalize the ancient Silk Road. Its ambitious Belt and Road (B&R) initiative includes a major investment in South Asia: the $46-billion Wakhan corridor, which would connect if built, China, Pakistan, Afghanistan and Tajikistan, bringing stability to the region.

Insurace sector dividend

The Insurance Sector: Assured Of A Rest

Leaving aside the hole left by the last hurricanes, insurance companies’ P&L accounts tell the story of a sector which has not suffered much in the context of zero interest rates. An insurer runs less of a risk in a context of zero interest rates than of a financial crisis.

Trump's tax plan

Is Trump’s Tax Plan Really Serious?

Donald Trump’s tax plan, which is now being debated in the Senate, states very seriously that its effect will be to multiply investment and jobs. That’s up for discussion, given that the US has probably reached its maximum potential, namely in terms of GDP without inflation and the jobless rate is at 4%.

Central banks balance sheet crisis comes to an end?

Is the Global Balance Sheet Crisis Over?

Andrew Sheng via Caixin | With financial markets still going gangbusters, one needs to ask whether the global financial crisis is truly over, or if we are on the brink of another crisis. What are the main effects of a balance sheet crisis?