Sent from my Verizon Wireless BlackBerry
From: "CFA Institute Financial NewsBrief: Asia Pacific Edition" <cfa_ap@smartbrief.com>
Date: Tue, 20 May 2014 17:00:28 -0500 (CDT)
To: <mainandwall@yahoo.com>
Subject: Thai army imposes martial law; Credit Suisse to pay US$2.6 billion fine in tax evasion case
| | | | | |
Thai army imposes martial law Proclaiming a mission of restoring order, Thailand's army declared martial law nationwide as the caretaker government implored soldiers to refrain from violence and treat all parties equally. "The political crisis seems to have reached a tipping point," said John Blaxland, a senior fellow at the Australian National University's Strategic and Defence Studies Centre in Canberra. "The politics have gotten so toxic there aren't many viable alternatives to martial law." Bloomberg (5/20), The Wall Street Journal (tiered subscription model) (5/20), Bloomberg (5/20) Bank sees reasons to doubt high expectations for U.S. business spending U.S. business spending is unlikely to meet expectations of robust growth this year, the Royal Bank of Scotland says, forecasting a 4% gain for 2014, in line with last year's disappointing 4.2%. RBS questions several assumptions underlying higher projections, including a lack of incentive to tap large cash holdings and a falling rate of increase in capacity utilization. USA Today (5/19) IMF calls on Germany to reverse course, boost investment to aid eurozone The German government's focus on fiscal discipline is suppressing its own growth rate and, importantly, undermining struggling economies in the eurozone, according to the International Monetary Fund. Instead, the IMF says, Berlin should work to stimulate domestic investment and spending, which would "raise medium-term output, reduce the large and persistent current-account surplus and generate appreciable positive demand spillovers to the rest of the euro area." Bloomberg Businessweek (5/19)  | CFA Institute Japan Investment Conference | 2 July 2014 Learn insights from Japanese and international institutional investors and strategists at the Japan Investment Conference in Tokyo. Speakers include Richard Koo, Chief Economist of Nomura Research Institute and Prof. Avinash Persaud, Chairman of Intelligence Capital Ltd., etc. Register by 2 June 2014 and save JPY 10,000. | | | | | | Economic Trends & Outlook | Australia budget frightens consumers Australian consumers registered a sharp vote of little faith in the new government's first budget, with the ANZ-Roy Morgan Consumer Confidence report revealing the steepest decline in sentiment since the financial meltdown year of 2008. The result bodes ill for consumer spending in the near term, an ANZ economist says. The Sydney Morning Herald (Australia) (5/20) Singapore cautiously predicts modest growth after good Q1 With better-than-expected 2.3% annualized growth recorded in the calendar first quarter, Singapore is projecting moderate growth for the full year. However, a "tighter labor market should place a cap on the manufacturing sector," said Daniel Wilson, an economist at Australia & New Zealand Banking Group in Singapore. "At the margin, the gain from an externally led services rebound is still less than the gain that would accrue from an unconstrained manufacturing sector." Bloomberg Businessweek (5/19) | | Capital Markets & Financial Products | | Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
| Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | | | | | |
No comments:
Post a Comment