Economics Correspondent
Emily's Feed
Mar 6, 2013

Pandas in Vegas as Asian firms chase Chinese cash abroad

SINGAPORE/HONG KONG, March 7 (Reuters) – Malaysian casino
operator Genting Bhd envisions red and gold pagodas
and a panda exhibit on the 87-acre plot of Las Vegas land it
bought this week, a new gambling playground for rich Chinese
moving their money overseas.

A 90-minute flight away, in San Francisco, China’s biggest
property developer has formed a joint venture to develop two
high-rise condominium towers that are likely to draw wealthy
Chinese buyers. It is China Vanke Co Ltd’s first
foray into the U.S. market, and probably not its last.

Oct 14, 2012

Analysis – Aid recipients to IMF: What took you so long?

TOKYO (Reuters) – Graduates of IMF emergency loan programs accepted the Fund’s admission that it miscalculated the cost of austerity with a mix of schadenfreude and frustration that the change came too late to spare them economic pain.

Countries such as Argentina, Indonesia and South Korea, which were required to make deep budget cuts in exchange for tens of billions of dollars in International Monetary Fund aid, said the lending institution was finally learning from mistakes made during financial crises in Asia and Latin America.

Oct 9, 2012

IMF warns global economic slowdown deepens

TOKYO (Reuters) – The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.

Global growth in advanced economies is too weak to bring down unemployment and what little momentum exists is coming primarily from central banks, the International Monetary Fund said in its World Economic Outlook, released ahead of its twice-yearly meeting, which will be held in Tokyo later this week.

Oct 9, 2012

IMF warns global economic slowdown deepens, prods U.S., Europe

TOKYO, Oct 9 (Reuters) – The IMF said the global economic
slowdown is worsening as it cut its growth forecasts for the
second time since April and warned U.S. and European
policymakers that failure to fix their economic ills would
prolong the slump.

Global growth in advanced economies is too weak to bring
down unemployment and what little momentum exists is coming
primarily from central banks, the International Monetary Fund
said in its World Economic Outlook, released ahead of its
twice-yearly meeting, which will be held in Tokyo later this
week.

Oct 8, 2012

IMF cuts global growth forecast; prods Europe, U.S

TOKYO (Reuters) – The IMF cut its global growth forecast on Tuesday for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.

Global growth is too weak to bring down unemployment and what little momentum exists is coming primarily from central banks, the International Monetary Fund said in its World Economic Outlook, released ahead of its twice-yearly meeting, which will be held in Tokyo later this week.

Sep 30, 2012

In China, foreign hypermarkets’ hype well past its shelf life

HONG KONG/SINGAPORE (Reuters) – When Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) drew a rush of 80,000 shoppers on the opening day of its first China supercentre in 1996, the world’s most populous country looked like easy pickings for the top global retailers.

Flash forward to 2012 and China has been a tougher market than expected. Overseas names from Britain’s Tesco Plc (TSCO.L: Quote, Profile, Research, Stock Buzz) to Germany’s Metro AG (MEOG.DE: Quote, Profile, Research, Stock Buzz) are slowing their Chinese expansion, while Hong Kong-listed Sun Art Retail Group Ltd (6808.HK: Quote, Profile, Research, Stock Buzz) has overtaken Wal-Mart as the country’s top hypermarket chain.

Jul 2, 2012

Special Report: Petronas chafes at its role as Malaysia’s piggy bank

KUALA LUMPUR (Reuters) – State-owned oil company Petronas is tired of being Malaysia’s cash trough. Its growing pique at the government flared into public view here in early June at the World Gas Conference.

Chief executive Shamsul Azhar Abbas took to the stage and declared that the government’s policy of subsidizing fuel was plain wrong. A murmur ran through the crowd – his boss, Prime Minister Najib Razak, was sitting in the front row.

Jul 2, 2012

Petronas chafes at its role as Malaysia’s piggy bank

KUALA LUMPUR, July 2 (Reuters) – State-owned oil company
Petronas is tired of being Malaysia’s cash trough. Its growing
pique at the government flared into public view here in early
June at the World Gas Conference.

Chief executive Shamsul Azhar Abbas took to the stage and
declared that the government’s policy of subsidising fuel was
plain wrong. A murmur ran through the crowd – his boss, Prime
Minister Najib Razak, was sitting in the front row.

Apr 9, 2012

Asia gauges inflation through rear-view mirror

SINGAPORE (Reuters) – Depending on where you look, Asia’s inflation is either benign or stubbornly hot.

China’s March inflation rate stayed below Beijing’s 4 percent target and appeared to be on a softening trajectory, and South Korea’s dropped to a 20-month low. But other figures show price pressures actually picked up last month, and factories paid more for raw materials.

Apr 9, 2012

Analysis: Asia gauges inflation through rear-view mirror

SINGAPORE (Reuters) – Depending on where you look, Asia’s inflation is either benign or stubbornly hot.

China’s March inflation rate stayed below Beijing’s 4 percent target and appeared to be on a softening trajectory, and South Korea’s dropped to a 20-month low. But other figures show price pressures actually picked up last month, and factories paid more for raw materials.

    • About Emily

      "Emily Kaiser covers macroeconomics for Reuters. She focuses on big-picture stories, explaining trends in the U.S. economy for a global audience. Emily joined Reuters in 1996 as a commodities reporter covering grain markets and the Chicago Board of Trade. She moved to London in 2000 to cover European stock markets, and later covered large-cap U.S. retailers. She moved to Washington in 2007."
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