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Wal-Mart, co-launch bricks-and-mortar store in Shenzhen

June 20, 2017

SHENZHEN - Wal-Mart and the Chinese e-commerce platform have jointly launched a bricks-and-mortar store in Shenzhen as they deepen ties and as expands into offline sales. The co-branded store, which opened on Sunday, will showcase’s best-selling items – including electronics and books – and allow customers to interact with the goods in person, Caixin reports.

HK exporter sentiment at four-year high: Growth tipped at 5%

June 20, 2017

HONG KONG - The HKTDC Export Index for the second quarter of 2017 has climbed to a 16-quarter high of 50.1, up from 47.1 recorded in the first quarter of the year. The results are the first since the second quarter of 2013 to surpass the 50 mark, reflecting positive sentiment among local exporters. HKTDC Research has also raised its 2017 Hong Kong export growth forecast to 5% from a flat projection issued in December.

Oil, growth, inflation and the Ringgit: Things looking up for Malaysia

June 14, 2017

KUALA LUMPUR – Natixis believes there is still room for the ringgit to strengthen over the balance of 2017, with oil prices having likely bottomed with a rise tipped towards year-end. “Coupled with this, global trade volume is picking up, bolstering the external environment. These factors should support the current account, and thus the MYR.”

HKEX extends RMB Currency Futures offerings as volume grows

June 7, 2017

HONG KONG – HKEX is extending is after-hours trading of its RMB Currency Futures from July 10, opening at rather than, with the second session concluding at rather than  A second tier to the HKEX money marker programme for its RMB Currency Futures will be introduced from the same date, with the programme then comprising both primary and secondary markers.

Disruption both an opportunity and a potential threat say Asian businesses

June 7, 2017

SINGAPORE  – Disruption could be an opportunity for businesses, say 78% of Asian businesses, according to a new survey by Thomson Reuters.  At the same time, at 51%, Asia recorded the highest proportion of respondents who said technology disrupters could be a direct threat to their business model, with 42% of European and 47 % American businesses saying likewise.

Concerns over growth, debt pressure China’s credit ratings: Coface

June 6, 2017

HONG KONG – The world will most likely witness another year of “muddling through” in China, with mounting risks as the authorities continue to try to strike a balance between restructuring and growth, says Coface. The global credit insurer says its projections show that growth will slow over the remainder of 2017.

Chinese authorities will have a delicate balancing act between tightening liquidity and sustaining growth, it says, pointing out that after registering a stronger-than-expected performance in Q1 2017, the Chinese economy has started to show signs of moderation.