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’Plunging assets cost $50,000bn
Falls in the value of financial assets worldwide might have reached more than $50,000bn, equivalent to a year’s global economic output, the Asian Development Bank will warn on Monday. Asia has been hit disproportionately hard,
Shipping tides are turning — for now
We were waiting to see if it was a one-day phenomenon, but no – Wednesday’s 15 per cent rise in the Baltic Dry Index has been sustained through another day.
Wednesday’s move to 1,316 points was in fact the biggest daily increase in almost 25 years and came reportedly on signs of a recovery in raw materials trade. On Thursday the index,
And now for the Asian domestic bond collapse…
Uh oh. Asian domestic currency fixed-income trading appears to be collapsing, say Greenwich Associates.
The Stamford-based research firm’s most recent Asian Fixed Income research in fact points to some very alarming figures – a 47 per cent drop in domestic currency fixed-income trading in India,