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Oil prices hard to predict but rise seems likely

Writing about oil prices is always risky. In January 2015, I suggested that oil prices would not continue to fall and even predicted that they would “finish the year higher than they were when it began.” I was wrong then, but I might not be wrong for much longer.
Source: Global Times | 2017/11/30 22:08:39

Bank of England gives UK chancellor handy boost with clean bill of health for RBS

The Bank of England (BoE) has given an unwitting boost to UK Chancellor Philip Hammond. Last week, Hammond said he wanted to raise 15 billion pounds ($11.2 billion) to meet fiscal targets by selling the state's 71 percent holding in Royal Bank of Scotland (RBS). His job has been made easier by the fact that the BoE awarded the bank a clean bill of health in its stress tests.
Source: Global Times | 2017/11/30 22:03:39

Uncertainties of overseas markets may transmit P2P risks back to China

A number of Chinese peer-to-peer (P2P) lending companies went public in the US this year. Those P2P firms have been growing quickly, with some venturing into high-risk segments such as campus loans and cash advances. As they go public overseas, it creates potential risks that may eventually affect China's financial stability. Supervision is needed to bring the P2P lending sector in order.
Source: Global Times | 2017/11/29 22:48:39

Regional economic development gets a boost as India, Pakistan attend SCO summit

The summit of the Shanghai Cooperation Organization (SCO), scheduled to be held on Thursday and Friday in Sochi, Russia will be the first to have India and Pakistan as full members since their inclusion in June.
Source: Global Times | 2017/11/29 22:43:40

China needs to make luxury goods, not just buy them

Singles' Day and Black Friday may be behind us, but this hasn't dulled the enthusiasm for shopping among Chinese buyers, particularly for luxury goods.
Source: Global Times | 2017/11/29 22:38:40

Uber investors face tantalizing dilemma of whether to sell or hold on for more gains

Uber's early backers are on a collision course with their own greed. Japan's SoftBank and allied investors want to buy roughly one-sixth of the bumptious ride-hailing firm. Existing owners can sell at a $48 billion valuation, or about 30 percent below the last one. Even with a markdown, they could make many times their money. The promise of more, however risky, will cloud the thinking.
Source: Global Times | 2017/11/29 22:38:39

B&R offers opportunities for Singaporean firms that leverage strengths

The China-proposed Belt and Road (B&R) initiative is an ambitious undertaking that has the potential to reshape the global economy and transform world trade. Singapore, a key node along the Maritime Silk Road, is well-positioned to advance the B&R initiative by bridging China and other countries along the route. Recognizing its strategic location and unique position, Singapore has been proactive in seeking B&R opportunities.
Source: Global Times | 2017/11/28 23:23:39

India's radical demonetization reform the wrong means to achieve long-term goals

While India's abrupt demonetization of high-value banknotes in November 2016 appears to have failed to achieve the intended objective of eliminating black money, the move did have some positive impact on the digital currency sector. But whether the overall result is good or bad, it's clear that a nation must think carefully when undertaking such a radical reform, which risks disrupting the normal functioning of its society and economy.
Source: Global Times | 2017/11/28 23:18:39

Financial opening suits both China and foreign firms

The sluice has been opened wider for torrents of foreign capital to enter China's fledgling finance industry, including commercial and investment banks, a full range of asset and equity management businesses, and highly profitable insurance companies.
Source: Global Times | 2017/11/28 23:13:40

'SR 14-2' intended to boost Fed review transparency but mainly causes gridlock

Bankers' long wish-list for rule changes starts in the weeds. Executives have plenty of regulations they want a more industry-friendly Federal Reserve to overhaul. But for many the top target is an obscure supervisory letter that has turned often minor infractions into roadblocks for everything from new branches to M&As.
Source: Global Times | 2017/11/28 23:08:40

Philippines needs new drivers to modernize economy

The Philippine economy expanded 6.9 percent year-on-year in the third quarter of this year, faster than China's 6.8 percent, making it one of the fastest-growing economies in Asia.
Source: Global Times | 2017/11/27 22:08:39

Child abuse cases cast harsh light on private provision of public services in China

Recent news of alleged child abuse in kindergartens and daycare centers has shocked China and sparked public outrage, begging the question of whether private capital can be trustworthy in providing public services.
Source: Global Times | 2017/11/27 22:03:40

China-CEEC cooperation boosting European economy

The global financial crisis and the European sovereign debt crisis have limited the EU's ability to support the development of Central and Eastern European Countries (CEECs).
Source: Global Times | 2017/11/27 22:03:39

British govt's low selling price of RBS stake shows anticipation of Brexit fallout

The British government's Royal Bank of Scotland (RBS) sale looks priced for a messy Brexit. Chancellor Philip Hammond intends to raise 15 billion pounds ($11.2 billion) to meet fiscal targets by selling the state's holding in the UK lender. He could achieve that even if RBS shares tumble 30 percent, Breakingviews calculates.
Source: Global Times | 2017/11/27 21:58:39

China-Myanmar corridor should prioritize practical needs of both sides

On November 19, China proposed the establishment of a China-Myanmar economic corridor, starting in Southwest China's Yunnan Province, crossing the border, going through the economic center of Myanmar, Mandalay, then splitting into two legs.
Source: Global Times | 2017/11/26 22:18:39

Bicycle-sharing failures underscore need for increased regulatory control in China

As China's bicycle-sharing boom appears to have ground to a halt, it has become especially urgent for Chinese financial regulators to keep a closer eye on the sharing sector.
Source: Global Times | 2017/11/26 22:18:39

Much work still needed for era of driverless vehicles

China has made good process in its push for self-driving vehicles, with considerable policy efforts put in place among various other tangible measures to fast-track driverless vehicles in the world's second-largest economy.
Source: Global Times | 2017/11/26 22:13:39

New Uber boss faces struggle to overcome legacy of dysfunctional management

Travis Kalanick has a lot to answer for at Uber Technologies. Sure, he founded the revolutionary ride-hailing service and built it into a global business. But the legacy of irresponsibility while he served as chief executive has cast a shadow over the company's future.
Source: Global Times | 2017/11/26 22:08:39