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Asia News Agenda Wednesday

ASIA NEWS AGENDA ON WEDNESDAY+ Myanmar court rules on Reuters journalists+ Macron continues China visitMYANMAR– A Myanmar court is poised to decide whether to charge two Reuters journalists under the Offical Secrets Act after they were arrested with documents on the Rohinyga crisis.CHINA– French President Emmanuel Macron continues visit to China, after he and Chinese…

World Bank upgrades global growth forecasts as recovery strengthens

For the first time in many years, the World Bank’s outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday.However, the bank warns that countries must make investments to improve their growth prospects, and the time to do that is…

Boeing logs record deliveries for 2017, upbeat on 2018

Boeing reported record commercial plane deliveries for 2017 on Tuesday and said cargo and customer passenger trends continued to look strong for 2018. The improvements were fueled by global economic growth of three percent and an increase in overall passenger traffic that has outpaced historical trends, said Boeing vice president of marketing Randy Tinseth. ‘It is a…

Dow, S&P 500, Nasdaq end at records, extending rally

Health and banking shares were among the big gainers Tuesday as the three major US stock indexes once again finished at new records ahead of key earnings reports later in the week.The Dow Jones Industrial Average finished the day 0.4 percent higher at 25,385.80.The broad-based S&P 500 gained 0.1 percent to end at 2,751.29, and…

IG Research – The long and the short of it

There just aren’t any bears left in the room, or at least they are not prepared to act in any meaningful way and this seems logical at this juncture, as swimming against the tide and going against this steamroller seems a low probability outcome. That said, one has to be concerned at just how much…

Global stock markets gain as US indices end at records again

Global stocks pushed higher Tuesday, with US indices again ending at records, as eurozone data showed unemployment falling to its lowest level since January 2009.Wall Street stocks have been on a roll since early December as Congress mobilized behind a US tax cut plan that President Donald Trump signed into law just before Christmas. Investors appeared…

2018: A balancing act

Most of the time investors don’t need to think too much about market timing or asset allocation. The long-term trajectory of financial markets is up and the only sensible thing to do is to be fully invested and allow the odds to work in your favour. As we enter 2018, however, it doesn’t feel like…

Trump to make surprise appearance at Davos

Donald Trump will take his populist message directly to the world’s political and business elite later this month, becoming the first US president to attend the World Economic Forum in Davos in nearly 20 years.Trump – who ran for president on a nationalist ‘America First’ platform – will mingle at the annual Alpine festival of…

Huawei deal to sell phones through AT&T in US falls through

A deal between Chinese smartphone maker Huawei and AT&T to sell smartphones in the United States has fallen apart, US business media reported Tuesday.The partnership allowing Huawei to sell its Mate 10 phone through AT&T was expected to be unveiled during the Consumer Electronics Show in Las Vegas this week. But the venture has fallen…

Record job vacancies

Job vacancies; International aviation; China inflationJob vacancies: Job vacancies rose by 2.7 per cent to a record 210,300 in the three months to November. Job vacancies are up 16.1 per cent on a year ago – the strongest annual growth rate in 7 years.Overseas tourists flock to Australia: International passenger traffic to Australian airports rose…