Expat packages are worsening in Singapore and Hong Kong: Survey

HONG KONG (May 18): The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according to consultancy firm ECA International.

For middle managers in Hong Kong, expat packages -- including salary, tax and benefits such as accommodation and schooling -- have fallen 2% in US dollar terms over the past five years to around US$265,500, while the typical package in Singapore dropped 6% to US$235,500 ($327,592), ECA’s annual MyExpatriate Market Pay survey found.

Everyone's a net seller of Japanese stocks this year: analyst


TOKYO (March 23): Don’t believe Bank of America Merrill Lynch’s global fund manager survey, which shows that Japan is the second-most popular equity market, says Jonathan Allum, a strategist at SMBC Nikko Capital Markets Ltd.

A look under the hood shows a different story. Everyone from foreigners to local individuals and trust banks are net sellers of Japanese stocks this year, the London-based Allum wrote, citing Japan Exchange Group Inc. data. It suggests, he says, that “global investors are bears in bulls’ clothing.”

Dollar bets rise a 7th week; Asia nervous at open on drone

US currency

SYDNEY (Dec 19): The dollar gained versus most major peers after data showed bets on the greenback climbed for the longest stretch since August 2015. Asian stock markets face a challenging opening to the week after the political storm spurred by China’s seizure on Thursday of a US naval drone northwest of Subic Bay in the Philippines.

Euro slips with Asian stocks while bonds rise as Italy votes no

WELLINGTON (Dec 5): The euro retreated with riskier assets, while bonds advanced, amid concern the failure of Italy’s referendum on constitutional reform will destabilize the country, emboldening anti-Europe and nationalist forces.

Bonds rise with yen as Fed hangs over markets; commodities drop

Federal Reserve

LONDON / HONG KONG (May 23): Government bonds rose and the yen strengthened as investors weighed the timing of the Federal Reserve’s next increase in interest rates and the outlook for inflation. Commodities slid, led by metals, while stocks in Europe declined.

Japan stocks swing as investors weigh impact of US rate hike

Japan stocks swing as investors weigh impact of US rate hike

TOKYO (May 20): Japanese stocks fluctuated, on course for a second straight weekly advance, as investors weighed what higher US interest rates would mean for the global economy and assessed the impact from a weaker yen and lower commodity prices.

Dollar slips against euro ahead of US inflation data

US dollar

NEW YORK (May 17): The dollar edged down against the euro Monday in profit taking after recent gains, as traders awaited a key US inflation report on consumer prices.

"More than anything, I think it's a little bit of profit taking," said Omer Esiner of Commonwealth Foreign Exchange, citing a quiet day in economic news.

Last week, the dollar climbed to a two-week high "in the wake of some relatively strong data, particularly Friday's retail sales number," he said.

Asia shares slip, yen weak on stimulus expectations


TOKYO (May 13): Asian shares got off on the back foot on Friday, while the yen nursed losses as traders wagered the Bank of Japan will add to its massive stimulus before too long.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% in early trade, on track for a weekly loss of 0.4%.

Major US stock indexes closed mixed on Thursday, with Nasdaq Composite down 0.49% as Apple shares skidded to a two-year low on concerns about iPhone demand.

Japan's Nikkei turned lower 0.2% in early trading, after a brief spike at the open.

Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus


LONDON (May 12): The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.

Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda.

Asia shares bounce on bright earnings, yen bruised

Chinese stock market

TOKYO (May 11): Asian stocks pulled away from eight-week lows on Wednesday, a day after solid corporate earnings sparked a rally in global equities while the yen struggled amid intervention warnings from Tokyo in the wake of the currency's rapid rise.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4% in early trade, recovering from an eight-week low touched on Tuesday while Japan's Nikkei rose 1.0%.

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