Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia … Read more
Singapore house prices increased less in the last quarter of 2022 A statement issued by the Urban Redevelopment Authority showed private residential real estate prices in Singapore increased by 0.4% in the fourth quarter of 2022. The reading showed home prices rising less than the previous period’s increase of 3.8% and the slowest growth since … Read more
China left the main interest rates for one-year and five-year loans unchanged The People’s Bank of China left the 1-year and 5-year loan prime rates unchanged, broadly in line with expectations. The 1-year LPR stood at 3.65% while the 5-year LPR stood at 4.3%, both unchanged since August 2022. The Chinese yuan off and on … Read more
The BBVA chief says CEOs in Davos are more optimistic than they were a month ago The Chairman of the Board of Directors of the Spanish BBVA Bank, Carlos Torres Villa, said that the normalization of the interest rate environment in 2023 will support European banks. He also discussed how recent data has fueled optimism … Read more
A strategist said the UK would perform worst among the major developed economies in 2023 Seema Shah, Chief Strategist at Principal Global Investors, expects a challenging start to 2023 for the UK with lower household savings and the effects of higher interest rates. French inflation slowed unexpectedly Skyline from the Arc de Triomphe in Paris, … Read more
