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Greece Has Reached Its Austerity Limit
Russell Jones, Global Head of Fixed Income Strategy, Westpac Institutional Bank says that Greece has reached its social and political limits, when it comes to implementing more austerity.
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Strong Demand From Korea, Taiwan: Applied Materials CFO
George Davis, CFO of Applied Materials, which makes equipment for chip foundries says the company is seeing strong demand. He adds that Facebook and other social networks are driving demand for mobile devices and mobile chips.
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China April Home Prices Fall 1.2% on Year, Seen Softer
Chinese home prices fell for a second month in April from a year earlier, a trend likely to continue if the government maintains efforts to pull them back to what it calls “reasonable levels” to ease social discontent.
CNBC Asia Top News and Analysis
Buy Sony With a 2-Year Time Frame
Jay Nelson, Senior Editor, Success Stories: Japan Executive Newsletter says to buy Sony shares with a two-year time frame.
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Maersk Line Sees Revenue Rebounding in Q2
Tim Smith, North Asia CEO, Maersk Line says that revenue has rebounded in the current quarter and that there is an industry wide trend to reduce container capacity, which should help the sector.
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Why the Emerging Market Currency Selloff Will Worsen
The selloff in emerging market currencies over recent months looks set to worsen, according to analysts, who point out India’s rupee, Indonesia’s rupiah, and to some extent, South Korea’s won could face the brunt of the pressure.
CNBC Asia Top News and Analysis
BNP Paribas: ECB Should Cut Rates
Paul Mortimer-Lee, Global Head of Market Economics, BNP Paribas says that the ECB should cut rates and that we could see another round of LTRO if there’s a lot of stress in the system.
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