Arbitrage trade backfires as TSMC frenzy grows
Taipei: The long-favoured arbitrage strategy of buying Taiwan Semiconductor Manufacturing Co’s (TSMC) Taipei shares while shorting its US listing is…
Elderly population offers economic opportunity for Vietnam govt
HANOI: The ageing population and the unique characteristics of the older cohort in Vietnam are golden opportunities for the country…
UK inflation to hit 2% for first time in three years
LONDON: UK inflation is expected to fall to the Bank of England’s (BoE) target for the first time in almost…
Japan core machinery orders down in April
TOKYO: Japan’s core machinery orders fell in April for the first time in three months, government data showed yesterday, due…
Emerging market bond rally comes under threat
NEW YORK: The balmy days of dovish monetary policy that fuelled a rally in emerging market bonds looks to be…
Huge rice imports won’t burden weak peso – Central bank reveals it has sufficient forex reserves
MANILA: There’s a minimal risk that the projected increase in inbound shipments of rice as a result of lower tariffs…
External debt up in 1Q, say Philippine government officials
Manila: The Philippines’ total foreign debt inched up to US$128.7bil in the first quarter amid “positive investor sentiment” that encouraged…
Australia expected to keep key interest rate at 12-year high today
SYDNEY: Australia’s central bank will likely hold its key interest rate at a 12-year high today as it tries to…
Citigroup starts targeting growth in mid-cap firms
Tokyo: Citigroup Inc is seeking to strengthen its business with medium-size companies in Japan as the Wall Street bank accelerates…