ATI Newswire - Subscriber Only

Global economy drifting downwards, says BBVA

January 9, 2020

HONG KONG - the global banking group, BBVA, has released figures showing that the global economic outlook deteriorated in 2019, following a downturn already seen in 2018. Between January and October of 2019, BBVA Research reduced its global growth forecast for 2019 and 2020 by 0.3 percentage points to 3.2% and 3.1%, respectively -- half a point less than the average from 2011 to 2018. 

Taiwan set for 2.6% GDP growth in 2020, says Natixis

January 10, 2020

TAIPEI - With improved global sentiment, global financial group Natixis says it expects Taiwan's GDP to grow at 2.6% in 2020, maintaining the pace set in 2019. Export diversification, relatively good corporate financial health versus other Asian peers, and government policies directed at supporting investment from overseas should all support growth further in 2020, Natixis says.

Opening of China’s Oil And Gas sector to increase competition, says S&P

January 9, 2020

HONG KONG -- Opening of oil and gas exploration and production (E&P) will increase market participation and competition in the upstream segment, but global ratings agency Standard and Poors says it sees limited impact of the new regulations on China National Petroleum Corp. (A+/Stable/--), China Petrochemical Corp. (A+/Stable/A-1), and China National Offshore Oil Corp. (A+/Stable/--) over the next two to three years.