The economically acceptable limits of a Chinese property downturn

Won’t somebody think of the property developers?

David Keohane | May 09 09:44 | 1 comment Share

And so it goes, from Nomura’s Zhiwei Zhang:

Today’s 21st Century Business Herald reports that in Jiangsu Province the Rongchen Property Development Co. Ltd. defaulted on a RMB100m trust product that came due last August. The paper says that as yet the principal and interest have not been fully paid.

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In Indonesia, moderate Islamic party returns to political centerstage

In Indonesia, moderate Islamic party returns to political centerstage

Sun May 11, 2014 4:49am EDT

By Kanupriya Kapoor and Randy Fabi

JAKARTA (Reuters) – Indonesian presidential frontrunner Joko “Jokowi” Widodo has joined hands with the country’s most popular Islamic party, cementing the surprise resurgence of Muslim parties in this year’s election and possibly renewing their voice in the new government. Read more of this post

Palm oil imports latest casualty as China tightens credit

Updated: Thursday May 8, 2014 MYT 11:28:03 AM

Palm oil imports latest casualty as China tightens credit

Beijing’s crackdown on commodity financing in the face of slowing domestic demand could hit global palm oil demand – Reuters Photo. Read more of this post

Revamping ETFs: Exchange-traded funds are undergoing a bit of a renaissance, with new styles of indexing. How smart is smart beta?

Revamping ETFs

Exchange-traded funds are undergoing a bit of a renaissance, with new styles of indexing. How smart is smart beta?

BEVERLY GOODMAN

May 10, 2014 2:23 a.m. ET

Smart beta. It’s the ETF industry’s version of “New! And improved!”

Most of us range from fairly skeptical to deeply suspicious of any marketing terminology when it comes to buying cars or homes or Google Glass. But that doesn’t stop Wall Street from peddling one elixir after another, wrapped in academic research and carefully worded nonpromises. The latest? Smart beta, an umbrella term for index investing designed to beat the market, rather than simply match it. Read more of this post

Fluid control is a $130 billion market worldwide; Flowserve Sees Big Opportunities to Grow; A specialist in fluid-control products, the company is thriving along with its industrial customers

Flowserve Sees Big Opportunities to Grow

A specialist in fluid-control products, the company is thriving along with its industrial customers.

CHRISTOPHER C. WILLIAMS

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Sony, which is shuttering its ebook Reader Store in Europe and Australia, as it has done in North America, says it would likely book a net loss of US$1.28bil

Updated: Friday May 9, 2014 MYT 12:34:36 PM

Sony to close e-reading store in Europe, Australia

Sony, which is shuttering its ebook Reader Store in Europe and Australia, as it has done in North America, says it would likely book a 130 billion yen net loss (US$1.28bil) in the latest fiscal year to MarchTOKYO: Sony will shutter its ebook Reader Store in Europe and Australia following a similar pullout in North America, the company has said, as the once-mighty electronics giant pulls in its horns. Read more of this post

World Bank: Indonesia World’s 10th Largest Economy

World Bank: Indonesia World’s 10th Largest Economy

By Jakarta Globe on 11:29 pm May 04, 2014

  1.  Indonesia has the 10th largest economy in the world, according to a recent report by the World Bank, with the country contributing 2.3 percent of global economic output.

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Indonesia Lags in Innovative Thinking

Indonesia Lags in Innovative Thinking

By Basten Gokkon on 11:54 pm May 06, 2014

  1.  The World Bank announced Indonesia as the 10th largest economy in the world last week, jumping six ranks from its previous place, yet the country still lags in technological innovation, which is key to becoming a great nation, officials and experts say.

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Indonesia Needs More Listed Companies Ahead of AEC in 2015, OJK Says

Indonesia Needs More Listed Companies Ahead of AEC in 2015, OJK Says

By Yohanes Sirait on 06:47 pm May 05, 2014

  1.  Indonesia needs to have more listed companies on the local bourse in anticipation of the advent of the Asean Economic Community at the end of 2015, according to Rahmat Waluyanto, the deputy chairman of Indonesia’s Financial Services Authority.

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A Family’s Watch Legacy: How a father and his young son bonded over watch collecting, a bond now shared with the family’s next generation

A Family’s Watch Legacy

How a father and his young son bonded over watch collecting, a bond now shared with the family’s next generation.

PAUL BOUTROS

May 10, 2014 2:29 a.m. ET

Watches are my family legacy, somehow imbued with a deep and emotional bond shared between my father and me, and now between me and my children. It all began when I was 10 years old. My father was a coin collector and I, having already inherited the collecting bug from him, had built my own small collection of coins and baseball cards. Read more of this post

Aging Indonesia Oil Fields Risk Bond Supply Shock

Aging Indonesia Oil Fields Risk Bond Supply Shock

By Yudith Ho & Fitri Wulandari on 12:04 pm May 06, 2014

  1.  Indonesia’s aging oil fields are swelling fuel-subsidy costs, prompting a unit of the nation’s largest bank to forecast the government will sell almost 40 percent more bonds than last year.

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In China’s Xinjiang, Economic Divide Seen Fueling Ethnic Unrest

In China’s Xinjiang, Economic Divide Seen Fueling Ethnic Unrest

By Michael Martina on 01:37 pm May 07, 2014

Urumqi, China. Hundreds of migrant workers from distant corners of China pour daily into the Urumqi South railway station, their first waypoint on a journey carrying them to lucrative work in other parts of the far western Xinjiang region. Read more of this post

The Rise of Antibiotic Resistance

The Rise of Antibiotic Resistance

By THE EDITORIAL BOARDMAY 10, 2014

The World Health Organization has surveyed the growth of antibiotic-resistant germs around the world — the first such survey it has ever conducted — and come up with disturbing findings. In a report issued late last month, the organization found that antimicrobial resistance in bacteria (the main focus of the report), fungi, viruses and parasites is an increasingly serious threat in every part of the world. “A problem so serious that it threatens the achievements of modern medicine,” the organization said. “A post-antibiotic era, in which common infections and minor injuries can kill, far from being an apocalyptic fantasy, is instead a very real possibility for the 21st century.” Read more of this post

Masala Dosa to Die For: How the founder of one of the world’s largest vegetarian restaurant chains got away with murder

Masala Dosa to Die For

By ROLLO ROMIGMAY 7, 2014

P. Rajagopal, center, at home surrounded by his staff. CreditMahesh Shantaram for The New York Times

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The Peril of Knowledge Everywhere

The Peril of Knowledge Everywhere

By QUENTIN HARDY

MAY 10, 2014, 1:16 PM Comment

Thanks to advances in technology, we may soon revisit a question raised four centuries ago: Are there things we should try not to know? Read more of this post

Reading, Writing, Arithmetic, and Lately, Coding; Backed by some of the biggest names in tech, Code.org aims to make computer science part of the curriculum everywhere

Reading, Writing, Arithmetic, and Lately, Coding

By MATT RICHTELMAY 10, 2014

MILL VALLEY, Calif. — Seven-year-old Jordan Lisle, a second grader, joined his family at a packed after-hours school event last month aimed at inspiring a new interest: computer programming. Read more of this post

Alibaba, Based in China, Imitating Japan

Alibaba, Based in China, Imitating Japan

By William Pesek on 05:58 pm May 08, 2014

Alibaba Group, the Chinese e-commerce giant, is offering the investment world a novel experience: one-stop shopping.

By now, we’ve heard all the superlatives about the “everything company.” Jack Ma’s hundreds of millions of subscribers will swell as the Alibaba founder enters just about every business imaginable. In a quirky, yet revealing exercise, Quartz.com made a list of all the Western names you’d have to combine to get something like the Alibaba Ma is taking public in a New York initial public offering. They include, of course,Amazon.com, eBay and PayPal, but also Google Maps, Spotify, WhatsApp, Dropbox, ING Direct, Uber Technologies and Hulu. Alibaba also is getting into travel, education, business lending and a bewildering array of unrelated markets. Read more of this post

Asia Must Prepare for Oil Shock

Asia Must Prepare for Oil Shock

By John Kemp on 12:19 pm May 10, 2014

  1.  Asia is more at risk from any disruption to Middle East oil supplies than Europe or the United States but is less prepared to deal with such a scenario, according to a new report from Britain’s Royal Institute of International Affairs.

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Singapore REITs on Foreign Jaunts Outperform as Home Market Stutters

Singapore REITs on Foreign Jaunts Outperform as Home Market Stutters

By Andrew Toh on 02:59 pm May 09, 2014

Singapore has 33 trusts on the stock exchange and the S-REIT index gained 6 percent year to date. (Reuters Photo/Edgar Su) Read more of this post

A Higher Minimum Wage Is Crucial for Indonesia

A Higher Minimum Wage Is Crucial for Indonesia

By Kristia Davina Sianipar on 05:50 pm May 07, 2014

On May 1, Indonesia for the first time commemorated Labor Day as a national holiday. Tens of thousands of workers thronged the streets of Jakarta, to celebrate and to voice their demands. President Susilo Bambang Yudhoyono declared May 1 a national holiday in July 2013, much to the delight of workers all over Indonesia. The move signifies monumental progress for the labor movement in Indonesia, but it is not enough. A one-day holiday cannot and should appease those who have been struggling for fairer pay. A higher minimum wage is not only imperative for the welfare of the workers, but also necessary for economic progress. Read more of this post

Using Microsoft Products May Be Unethical for Universities

Using Microsoft Products May Be Unethical for Universities

By Adam Fish on 06:09 pm May 08, 2014

Universities and researchers all over the world have a problem with Microsoft. It’s not just that the company forces expensive and dated software on customers. Using products like Microsoft’s e-mail service Outlook is potentially in breach of the ethical contracts researchers sign when they promise to safeguard the privacy of their subjects. Read more of this post

Thai Auto Sector Slams on Brakes as Political Crisis Rumbles On

Thai Auto Sector Slams on Brakes as Political Crisis Rumbles On

By Khettiya Jittapong & Pisit Changplayngam on 08:46 am May 09, 2014

Bangkok. Thailand’s auto sector, Southeast Asia’s biggest, has fired more than 30,000 subcontracted workers this year and slashed production, as sales plunge after months of political unrest that threatens to drive some manufacturers offshore. Read more of this post

Behind Bailout, a Very Real Fear of a Run on Indonesia’s Banks, Boediono Reveals

Behind Bailout, a Very Real Fear of a Run on Indonesia’s Banks, Boediono Reveals

By Novianti Setuningsih,Bayu Marhaenjati & Ezra Sihite on 10:10 pm May 09, 2014

Indonesian Vice President Boediono downplayed the extent of Bank Century’s problems to avoid scaring the public. (JG Photo/ Yudhi Sukma Wijaya) Read more of this post

Leaving the dream: Infosys battles worker exodus

Leaving the dream: Infosys battles worker exodus

Sat, May 10 2014

By Nivedita Bhattacharjee

MUMBAI (Reuters) – Infosys Ltd, once a bellwether for India’s $100 billion-plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore-based company struggles to regain ground lost to rivals. Read more of this post

CNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

CNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

Alex Crippen | @alexcrippen

Monday, 5 May 2014 | 2:17 PM ET

CNBC.com May 2014 | 9:45 AM ET

Here are five things Berkshire Hathaway Chairman Warren Buffett said during an interview with CNBC’s Becky Quick today. Read more of this post

What if Modi falls short? Some market players brace for shocker

What if Modi falls short? Some market players brace for shocker

Fri, May 9 2014

By Abhishek Vishnoi and Himank Sharma

MUMBAI (Reuters) – Indian markets are so confident the opposition party led by Narendra Modi will win the country’s elections that brokers fear anything short of a decisive victory could spark the worst sell-off in years. Read more of this post

China’s Xiaomi leads Asia’s low-cost smartphone drive

China’s Xiaomi leads Asia’s low-cost smartphone drive

Sunday, May 11, 2014 – 12:46

AFP

SINGAPORE – Xiaomi may be little known outside China, but the fast-growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones. Read more of this post

Voters take a punt on India’s political future

May 11, 2014 6:43 am

Voters take a punt on India’s political future

By Avantika Chilkoti in Mumbai

By the end of Monday, more than 500m people will have voted in India’s vast general election, and opinion polls seem certain that there is a clear favourite to win. Read more of this post

Japan’s Fast Retailing eyes shopping spree; Uniqlo chain has spent roughly Y100bn ($980m) on mergers and acquisitions over the past decade

May 11, 2014 4:37 am

Japan’s Fast Retailing eyes shopping spree

By Jennifer Thompson in Tokyo

Tadashi Yanai, founder of the Fast Retailing group, likes to shop.

Japan’s Fast Retailing, which began life in 1984 selling cheap and cheerful clothes through its Uniqlo chain, has spent roughly Y100bn ($980m) on mergers and acquisitions over the past decade. Read more of this post

Picasso on Success and Why You Should Never Compromise in Your Art

Picasso on Success and Why You Should Never Compromise in Your Art

“Imagine immensities. Pick yourself up from rejection and plow ahead. Don’t compromise,” Debbie Millman advised in her magnificent meditation on what it takes to design a good life. But how does one resist compromising one’s creative ideals when straining to meet the practical essentials of survival? An uncompromising answer comes from one of the greatest creators humanity has ever known. Read more of this post