Under the takeover deal of Credit Suisse by UBS, holders of additional tier 1 one (AT1) bonds absorbed losses ahead of equity investors, a move many said went against convention.Continue Reading
COLOMBO: Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday (Mar 22). The crisis-ridden island nation was scheduled to receive a US$330 million tranche, the first part of a nearly US$3 billion bailout approved by the International Monetary Fund onContinue Reading
Zhao Weiguo formerly headed Tsinghua Unigroup, which was one of China’s leading chipmakers.Continue Reading
China’s foreign ministry published a 4,000-word analysis entitled “US Hegemony and its Perils” on February 20. It’s an indictment of alleged US foreign interference, intimidation and interventions that began 200 years ago. This was followed by President Xi Jinping’s accusation at the Communist Party National Congress in March that the US was pursuing an unprecedented […]Continue Reading
Democracies have had a dismal start in the 21st century. Opinion surveys around the world show a counter-intuitive trend: Citizens of democratic nations are more pessimistic about the future of their countries than people living in quasi-democratic or one-party states, often by wide margins. Similar trends can be seen when people are asked about the […]Continue Reading
According to data from the National Bureau of Statistics of China, China’s GDP grew by only 3% in 2022, compared with 8.4% in 2021, a decline that left growth well short of expectations. In December 2022, exports fell by 9.9% year-on-year and imports fell by 7.5%, the third consecutive month registering negative growth. What is […]Continue Reading
With Thailand heading into a general election in May, key political parties are promising the nation’s more than 50 million voters almost everything from steep increases in cash handouts and wages to suspending debt repayment.Continue Reading
With the country heading into a general election in May, key political parties are promising more than 50 million voters almost everything from steep increases in cash handouts and wages to suspending debt repayment.Continue Reading
Foreign investors trying to suss out when or whether to invest in China and condemned to rely upon the musings (one can’t call it reporting) of the Western establishment press on the National People’s Congress (NPC) that ended March 13 can be excused to be left bewildered by apparently contradictory policy signals. What mainly creates […]Continue Reading
The Belt and Road Initiative (BRI), launched in 2013 by Chinese President Xi Jinping, is considered an ambitious long-term strategy to promote the expansion of Chinese influence by providing countries in the region with aid and infrastructure investment. But in contrast with some Southeast Asian states which have largely embraced the BRI with open arms, Vietnam has […]Continue Reading