Friday, April 26 2019 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 10 hours 59 min ago
Between 2011 and 2017, the economy has grown on average 2.6% annually, while the LAC average is 1.7%
U.S. President Trump announced that Washington would pull all of its troops out of Syria. In Europe, 'Yellow vests' protests movement sharply rose in France and spilled over into other European countries, increasing concerns on social stability. The trade truce between China and the U.S. and positive developments in the Korean Peninsula created a calm environment in Asia.
Markets started the week in a positive mood as fresh news at the end of last week still weighed this week. The sharp rebound in risk asset prices last Friday was backed by hopes of easing trade frictions between China and the US (which have extended today), strong US jobs data, actions from China’s central bank, and especially due to patience showed in Powell’s remarks.
Digital transformation has opened the financial services market to new kinds of providers with great disruptive potential, including big technology companies. This article explores how the scope of that integration is conditioned by regulation, data access rules and competition policy.
A few years ago, Reinhart and Rogoff, two renowned academics, wrote about how in every crisis economists, politicians and the rest of the world seek to convince us that this time the imbalances that end up leading to crisis are not really imbalances as such.
The Spanish economy will have grown between 0.4% and 0.5% less in 2018 than in 2017 (+3%), with indications that the slowdown will continue in 2019, in a context of increased uncertainty.
Markets started 2019 on the wrong foot, but the market mood improved as the week went by. Doubts about the global slowdown were fed by the release of worsening confidence data in China and in the US. However, today’s fresh news about the trade tensions and the release of job figures in the US totally offset the sluggish data in the EZ, and improved the situation.