Asia May Be Hit Hardest by Surge in Petroleum Prices. Region Has a Higher Dependence on Oil Than Developed Nations

Article Abstract:

James Brown, a petroleum analyst at Merrill Lynch (Hong Kong) pointed out that, with the exception of Japan, most of Asia's petroleum consumption is increasing dramatically, while the industrialized nations have experienced substantially less of an increase in consumption.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Developing Countries, Usage, Beliefs, opinions and attitudes, Brown, James (Musician)

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Bets for 1999 take shape; pundits persist despite last year's surprises

Article Abstract:

Analysts foresee a variety of events in the Asian stock markets in 1999. These include the weakening of the yen to 160 against the US dollar due to declines in foreign investment, an increase in long-term interest rates caused by government efforts to rescue banks, correction in the Hong Kong stock market with the Hang Seng Index dropping to 7300, improved investor confidence in Singapore and strong performance of bank and property stocks.

Securities and Commodity Exchanges, Security and commodity exchanges, Misc Stock Exchanges, Economic aspects, Stock-exchange, Stock exchanges

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Economic crisis may continue to linger; despite persistent woes, executives are seeking investment opportunities

Article Abstract:

The Asian economic crisis is seen to persist until the end of 1999, or even later. This was the perception of almost two out of three of the 505 Asian-based executives who participated in a survey conducted by Asia Society and 'The Asian Wall Street Journal.' The picture was even dimmer for more than one out of three of those polled who foresee the crisis lasting until the mid-2000 or later. However, despite such grim prognosis, most of the executives polled still find Asia an investment-friendly destination, particularly China, Japan, Thailand and Korea.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Economic development, Recessions

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