China: Picking the Low-Hanging Fruit of Reform
BEIJING | By Caixin staff | Change is in the air and certain moves in China – involving the tax system and oversight of officials – can be made now to get the Year of Horse off to a fast start
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Greece in 2014: Where are we?
ATHENS | By Nick Malkoutzis at MacroPolis | Greece has entered its year of growth and recovery. At least that is how the government, its eurozone partners and a number of commentators have billed 2014. Many analysts and politicians also insisted last year that the country had begun this upward trajectory. In reality, though, Greece’s narrative was far from linear in 2013. There is no reason to believe this year will be a straight story either.
Investors See Spain As No-Brainer, Juicy Risk
THE CORNER TEAM | As the euro zone crisis shakes off a recession, investment opportunities are mushrooming across the South of Europe. In Spain, banking and media sector as well as infrastructure are the preferred bets. “As maximum exposure recovery in Europe’s periphery, FCC is ideal. Just don’t think about the downside,” the Financial Times’ Lex argued on Friday, after millionaires George Soros and Bill Gates have both bought stakes in the indebted construction company in less than three months.
Investment Bankers, Companies Got Extra Reason to Cheer on New Year’s Eve
BEIJING | By Yang Lu at Caixin | In China, nervous businessmen spent final hours of 2013 waiting outside regulator’s offices for word they’d be among the lucky few to IPO approval.
Looking at 2014 With a Critical Eye?
MADRID | By Álex García.
Global Supply Annual: 2014 Outlook
LONDON | By Barclays analysts | In our 2014 Outlook, we expect gross funding requirements for the US, euro area, Japan and UK to be around $18bn above our 2013 gross issuance forecast of c.$4.946trn. At the same time, we forecast net issuance globally to fall c.$1.59trn from $1.85trn in 2013.
China and USA: When the Giants Unwind
BEIJING | By Andy Xie via Caixin | The world has depended on Chinese and American stimulus for years, and one implication of their tightening is a slowing global economy in 2014
Spanish Retail Sales Go Back to Positive Rates
MADRID | By The Corner Team | The General Retail Trade Index annual change at constant prices stood at 2.0% in November, two points and a half higher than that registered in October.
Spain’s Current Account Surplus Fell in September to EUR 340m
MADRID | By The Corner Team | The Spanish current account balance recorded a surplus of EUR 1.7 billion in October, after September’s small surplus of 0.1bn. Foreign trade is helping the recovery, helped by better competitiveness and domestic demand weakness.
Will 2014 Be a Watershed Year For India?
BANGALORE | By Srikanth Vasuraj | 2013 saw the Indian currency hit an all time low. The Current Account Deficit (CAD) and the Fiscal Deficit touched new highs. Inflation crossed 8% and the common man was left reeling under huge price rise in essential commodities, making the monthly budget unmanageable. However, next year could be the beginning of a new era thanks to the emergence of the AAP, the “Common Man’s Party”.