Korean government's stepping up efforts to recycle its current account surplus

Dec 02, 2015 04:11 am UTC| Commentary Politics

Koreas October current account surplus reduced to USD 9 bn, in line with the expectations. This small surplus was mainly because of lesser goods surplus, which caused slight decline in primary income surplus and deficit in...

Renminbi Series

SDR inclusion helps to increase interest in RMB denominated assets over long term

Dec 02, 2015 04:02 am UTC| Commentary

IMF Executive Board has approved Chinas RMB inclusion in the SDR, effective on 1 October 2016. This might raise RMB inflows by USD 31bn, if the total allocation of SDR currently is USD285bn, with RMBs weight at...

China's tepid PMI prints suggest weak growth momentum in Q4

Dec 02, 2015 03:33 am UTC| Commentary

Performance of China was disappointing, November official NBS manufacturing PMI dropped to 49.6, led by decline in new orders, falling in into the contraction zone this month and also a fall in production...

Disappointing US and China reverses gains in November Global manufacturing confidence

Dec 02, 2015 03:20 am UTC| Commentary Economy

Disappointing PMI prints from US and China have driven this decline in the global business confidence, also the weak report from UK. PMIs of Euro Area were strong, indicating the resilience of region to the global growth...

RBI on hold, along expectations

Dec 02, 2015 02:51 am UTC| Commentary Central Banks

The Reserve Bank of India (RBI) policy review yesterday was largely a nonevent. The benchmark Repo rate was left unchanged at 6.75%, along with steady reserve ratios. Inflation estimate for Jan-Mar16 was maintained at 5.8%...

Drop in US ISM highlights the risks to the economy emanating from the manufacturing sector

Dec 02, 2015 02:39 am UTC| Commentary Economy

The drop in the ISM to its lowest point since the subprime crisis highlights the risks to the economy emanating from the manufacturing sector. Its by no means an all-of-a-sudden move so it wont derail Fed plans for...

Watch how Thailand private sector demand fares in 2016

Dec 02, 2015 02:21 am UTC| Commentary

Thailand CPI inflation eased back to -1.0% (YoY) and core inflation to -0.9% in November is a little disconcerting. For it suggests that domestic demand remains soft going into next year. Note that private consumption was...