Monday, June 25 2018 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 6 hours 9 min ago
Today, Chinese President Xi Jinping has delivered his keynote speech at the Boao Forum for Asia, an annual summit that's been dubbed the "Asian Davos," in which he highlighted his support for opening up policies and regional economic integration. The speech came amid the escalating trade tensions between China and the U.S.
Inflation fell sharply in the first three months of the year as we expected. Inflation set to fall further; Banxico will most likely keep rates unchanged on Thursday.
US treasury’s review of the Orderly Liquidation Authority. IFRS 9: Supervisory practices, behavioural impacts and regulatory interactions. Brexit negotiations. European low-risk asset for the euro zone. Sustainability: the New Normal in Finance. EU proposal for Covered Bonds: a challenge for the Spanish market. Main regulatory actions around the world.
The debate on how to advance towards greater integration in Europe is intensifying with the approach of June, the self-imposed deadline for Europe’s leaders to come up with specific new reforms for the euro zone. The International Monetary Fund has recently joined the fray with a proposal for a stabilisation fund to cushion fluctuations in the economic cycle.
In Spain, an important part of the growth in the pre-crisis years was driven by accumulated physical capital. In recent years, however, investment has had to adjust to the prevailing economic climate. Moreover, although the level of capital is not relatively low, it has been inefficiently distributed between sectors and regions and hasn't done much to increase productivity
This Economic Watch introduces the European Central Bank's (ECB) Monetary Policy Tone index developed from ECB documents, using text mining and Natural Language Processing (NLP) techniques. This analysis allows us to objectively identify and track the relevant thehmes within the ECB’s monetary policy discourse.
In this presentation, we show how to monitor social and geopolitical events with Big Data with a special focus on the refugee crisis.
We identified the most relevant factors for the implementation of a CBDC in LatAm, under different designs. We concluded that the region could benefit more from the adoption of a CBDC than developed countries. However, the existence of costs associated with implementation casts uncertainty on where it will be adopted first.
After three months of stability, home sales grew in January. The positive economic situation, coupled with good news from the mortgage market, continues to bolster residential demand. The biggest highlight in construction for January was an increase in the sale of land and a moderation in the growth of visas.
Highlights: ECB issues annual report on supervision and a consultation on guidelines to internal models. EBA issues a consultation on guidelines for PSD2. ESMA prohibites binary options and issues a series of reports, and guidelines for trade repositories. BdE publishes a report on banking supervision. BoE and FCA issue statements on the regulatory approach after Brexit.
Western nations rose up against alleged Russian nerve agent attack in the U.K. and expelled some of Moscow’s diplomats from their soils. In terms of protests, tensions sharply rose in the Middle East. Social unrest also increased in some Eastern European and Latin American countries. Developed countries and Asia remain contained.
The General Purpose Technology advancements, Information Communication Technology and digitization, are the common factors behind three major trickle-down structural contributors to stagnant real wage growth – low productivity growth, the decline in labor income share, and the rise in wage growth distribution inequality.
In February 2018 the balance of the current credit granted by commercial banks to the private sector grew at a nominal annual rate of 12.0% (6.3% real), 0.3 percentage points higher than the rate observed the previous month (11.7%) but 0.8 percentage points below that registered in February 2017 (12.8%).
Using data from the Economically Active Population Survey (EPA), this study expands the annual series on the education level of the population of Spain and its regions up to 2016 that were created by de la Fuente and Doménech (2016) for the period between 1960 and 2011.
Favourable economic conditions in the United States will continue to drive remittances in 2018. However, there is an atmosphere of uncertainty among Mexican immigrants in the US in view of the reinforcement of the border wall, the increase in personnel for deporting migrants and the lack of any agreements to protect the “Dreamers” (beneficiaries of the DACA programme.