Scoot says China continues to be an important market for the airline
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Leslie Thng, CEO of the airline, says it plans to reach 100% of pre-Covid flight capacity by the end of the year.
Archive List for Asia Squawk Box
Consumption in China may not be ‘much better’ than last year, says economist
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Derek Scissors of China Beige Book says the course of Chinese consumption should be clear by April.
We’re not showing up with a bullish picture on oil, analyst says
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Paul Sankey of Sankey Research says oil prices aren’t “acting as well as we thought it would be” despite China’s reopening from the Covid-19 pandemic.
U.S. Fed ‘definitely’ won’t cut interest rates this year, Goldman Sachs says
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Lotfi Karoui of the investment bank says whether the U.S. Federal Reserve cuts interest rates in the first or second quarter of 2024 is “up for debate.”
Relatively high chance U.S. will fall into a cyclical recession, says investment management firm
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Vanessa Chan of Fidelity International says the United States could face a shallow recession in 12 to 18 months’ time.
Russian oil has moved from Europe to Asia, says consultancy
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Andy Lipow of Lipow Oil Associates says a lot of the crude oil that Asia was buying — whether from the Middle East, South America or the United States — has been redirected back into Europe.
Sembcorp Marine would benefit in the long term from merger with Keppel O&M: UOB
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Adrian Loh of UOB Kay Hian says “the benefits of this merger certainly outweigh the short-term pain.”
Inflation in Japan is ‘very close’ to peaking, says strategist
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Marc Chandler of Bannockburn Global Forex says the market expects inflation in Japan to fall back below 2% later in the year.
Bank of Japan’s Kuroda has ‘set the stage’ for his successor, says financial services firm
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Jesper Koll of Monex Group discusses the differences between the two front-runners for the position of Bank of Japan’s next governor, Masayoshi Amamiya and Hiroshi Nakaso.
China will probably return to ‘lower trend growth’ after 2023, economist says
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Wei Yao of Societe Generale says it’s unlikely that housing demand in China will return to pre-pandemic levels.