Apr 21 2014 | 8:20 AM

Although often perceived as an export-driven economy, Japan is actually powered mostly by private consumption. According to World Bank data, consumption made up 60.9% of Japan's GDP in 2012.

Tokyo's Otemachi DistrictOn April 1st, Japan raised its national consumption tax from 5 to 8%. Economic observers view the tax as necessary to manage a huge budget deficit. But its timing has been controversial. Japan’s government introduced the tax just as economic recovery green shoots have begun to sprout, but before they’ve firmly taken root.

The tax also arrives after 15 or so years of deflation, when Japan appears to be more than halfway toward its goal of achieving 2% inflation.

Will this tax – placed atop a touch of inflation - derail Japan’s nascent economic recovery or simply be a manageable headwind?

In the...

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Mar 3 2014 | 6:34 PM

Gateway-of-India-2

Gateway of India (Photo credit: Wikipedia)


India will unveil its 2013 GDP after its fiscal year ends on March 31. Its growth rate is expected to have dipped slightly to 4.9% from 5.0% in 2012. That dip may disappoint those who had hoped for a sign of India's economic recovery. But from a global perspective, the...

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Jan 29 2014 | 5:24 PM

Even as an improving US economy sparked renewed interest in US stocks last year, trading in international equities listed on NYSE markets remained solid, approaching $3.1 trillion.

Although no particular geographic region dominated trading activity in NYSE-listed American Depository Receipts (ADRs) of international equities, nearly $1.1 trillion or more than a third of the total was in companies based in Europe, the Middle East, and Africa (the EMEA region). Multi-headquartered (France/US/Netherlands) Schlumberger (oilfield services) led the region with an average daily trading value (ADTV) of $503.7 million. Other regional standouts included UK-based BP (oil & gas) with $245.3 million in ADTV, Finland-based...

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Dec 12 2013 | 10:23 AM

Festive multicolored holiday lights in front of the New York Stock Exchange made a perfect backdrop to Autohome Inc. (ATHM)’s upsized $133 million IPO at the NYSE. Autohome, leading online destination for automobile customers in China, became the third Chinese IPO on the NYSE over the last six weeks.

The Beijing-based company offered 7.82 million American Depositary Shares at $17/ADS, above an upwardly revised $14-16 pricing range, which produced a market capitalization at IPO of almost $1.77 billion. Each ADS represents one Class A ordinary share.

Autohome opened for trading at $30.16—a 77% pop over its IPO price. Autohome's largest shareholder, Telstra Holdings (a wholly owned subsidiary of...

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