You are here

Asia

India's $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia's Richest Banker

November 23, 2017 - 1:00pm
India's $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia's Richest Banker

In October, we discussed Indian Prime Minister, Narendra Modi’s, decision to hand over $32bn to recapitalise India’s state banks. The motivation was India’s slowing growth rate and the need to add one million Indians to the workforce every month. Crippled by massive bad debts, the state-owned banks were struggling to extend more credit to the economy. The announcement caused a surge in India’s Sensex equity index, led by the banks.

Signs Of The Top? Chinese Demand For 10x Levered Structured Products Surges In US... Again

November 23, 2017 - 11:25am
Signs Of The Top? Chinese Demand For 10x Levered Structured Products Surges In US... Again

In the run up to the 'great recession' of 2008/2009, it was unsuspecting European and Asian buyers that supplied the marginal capital required to turn America's plain vanilla, fed-induced housing bubble into a turbo-charged, global financial time bomb by indiscriminately scooping up highly-levered structured mortgage products with absolutely no idea what was behind those products.
Now, it seems that China's lust for levered returns in U.S. structured products has returned and is focused this time around on the CLO market.  Per Bloomberg: 

China Slams "Wrong" US Sanctions Against North Korea-Linked Trading Firms

November 23, 2017 - 3:51am
China Slams "Wrong" US Sanctions Against North Korea-Linked Trading Firms

A day after China’s state-run airline closed its last remaining routes to North Korea – a decision the airline’s executives blamed on a sharp decline in business travelers due to restrictive UN Security Council sanctions – Communist Party spokespeople slammed new US sanctions targeting Chinese traders doing business with North Korean businessmen, calling them “wrong” while reminding the US that China has vigorously enforced the UN sanctions.

Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs

November 22, 2017 - 11:01pm
Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs

Global shares hit another record high on Wednesday, propelled higher by what increasingly more call (ir)rational exuberance, and investors’ unflagging enthusiasm for tech stocks. That said, S&P futures are unchanged the morning before Thanksgiving (at least before the market open ramp), as are European stocks (Stoxx 600 is flat), despite the euphoria in the Asian session which saw the MSCI Asia Pac index hit a new all time high...

Pages