Analysis on Fixed Income, Fx & Equity Markets

BMI View: We have set a new short-term target of INR52.00/US$ for the Indian rupee as the unit fell to INR49.83/US$ today. The easing of foreign borrowing implemented today will do... 2008-10-23

Although the benchmark Philippine Stock Exchange (PSE) composite index has already shed almost 50% since reaching an all-time high of 3,896.74 on October 8 2007, we caution that further... 2008-10-23

As we have been highlighting for quite some time now the Taiwanese economy, principally via its heavy dependence on exports, will not escape unscathed from the meltdown in Western... 2008-10-23

BMI View: We continue to see risks that India's fiscal deficit will exceed our forecast of INR2.15trn (4.3% of GDP) in FY2008/09 as the government boosts spending to cushion the current... 2008-10-22

The government's decision to restructure Agricultural Bank of China (ABC) - the last of its four state-owned major banks - in order to pave the way for its eventual public listing... 2008-10-22

With economic growth slowing more sharply than anticipated in Q308, we have been forced to revise down our 2008 and 2009 growth forecasts, from 10.1% and 9.7%, respectively, to 9.6%... 2008-10-21

The Taiwan dollar is likely to weaken further in the near term, owing to a deteriorating economic outlook, weak stock market, and the prospects of further interest rate cuts. The... 2008-10-21

In an effort to bolster the stability of its financial system, the Philippine government has moved to increase deposit insurance four-fold, to PHP1mn (US$20,725). The measure, announced... 2008-10-21

BMI View: We remain hesitant that the government's emergency plan can restore investor confidence in the South Korean economy, and banking sector in particular, in the short term... 2008-10-20

The Reserve Bank of India (RBI) moved to cut the benchmark repo rate by 100bps to 8.0% today in a surprise move three days ahead of its next scheduled meeting on October 24. We highlighted... 2008-10-20