The "impossible trinity” refers to lower interest rates, a stable currency (yuan), and a reasonably open capital account. China can bend the laws of economics, but it can’t break them.
The rupiah and ringgit currencies have weakened to 17-year lows. Indonesian and Malaysian companies with foreign currency debts may have to raise funds through discounted rights issues to restructure debt.
Alibaba dropped 3% on Friday ending close to its IPO price. Alibaba also faces a big lock-up expiration next month when large investors, including Japan’s SoftBank, and certain employees will be allowed to sell stock.
Alibaba Drop Leaves Stock Pennies Above IPO Price
Noble Group is looking for secured finance. The firm held an investor meeting on Monday and made a 135-page presentation of the company. The company also pledged to boost its annual operating income from its main assets.
is my attempt to share (via this website as well as twitter) relevant finance stories from Asia that I find interesting (on a daily basis).