HONG KONG | June 17, 2015 | BBVA Research | Chinese ODI flows in 2013 may have been overstated due to the presence of round tripping, challenging previously held assumptions that the country is close to becoming a net exporter of FDI.
By Ray Kwong | Things just shifted into high-gear in China’s taxi app war. Just days after a leaked memo showed Uber is raising US$1 billion to put its China business into overdrive, the Wall Street Journal reported that Didi Kuaidi—China’s largest taxi app company—is out to raise US$1.5 billion.
LONDON | June 16, 2015 | BNP Paribas | The pricing power of corporates is still low at the global level as sizeable excess capacity remains. Nevertheless, it is not all bad for companies.
BEIJING | June 16, 2015 | By Yu Hairong and Wang Liwei via Caixin | Economists are divided over whether deflation in China is endangering the economy or whether it is even a problem.
ATHENS | June 15, 2015 | By Nick Malkoutzis via MacroPolis | Greece’s negotiations with its lenders over the last few days have been more like a ride on the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells that allow the palpitations to subside.
The Corner | June 15, 2015 | Spain’s yield spread soared as Greece talks have stalemated in recent weeks. The country’s 10-year bond yield rose 12 basis points to 2.37 percent at 11:21 a.m. London time.
LONDON | June 15, 2015 | Barclays | The banking system has lost nearly 23% of its deposits since November 2014.
CAMBRIDGE | June 15, 2015 | By Prof. Jagjit S. Chadha via Deutsche AWS | Could rising rates choke off the recovery or have post-crisis wounds healed sufficiently for the global system to take tightening policy in its stride?
India is experiencing an economic surge after Prime Minister Narendra Modi entered office in 2014. Investors see India as a growth opportunity. Last year, capital expenditure projects attracted $23 billion of foreign investment. Yet the country’s potential is clouded by environmental problems, which have been caused by pollution.
LONDON | June 12, 2015 | Barclays | On 18 June, the ECB will conduct its fourth TLTRO. At the previous three operations, the ECB allotted a total of €310bn. We expect a take-up of about €80bn at the upcoming operation.