Gap has a new plan to grow its Athleta, Janie and Jack businesses overseas

Gap opened its first Gap franchise store in Singapore in 2006. Gap said on Thursday, as part of a meeting it was holding with its management team and Wall Street, that it will begin franchising the Athleta and Janie and Jack brands internationally. It said it ultimately hopes to find partners to help it open freestanding Athleta and Janie and Jack franchise stores overseas. The growth of Gap’s franchise business has accelerated more recently, as the company says there has been more momentum for


Gap opened its first Gap franchise store in Singapore in 2006. Gap said on Thursday, as part of a meeting it was holding with its management team and Wall Street, that it will begin franchising the Athleta and Janie and Jack brands internationally. It said it ultimately hopes to find partners to help it open freestanding Athleta and Janie and Jack franchise stores overseas. The growth of Gap’s franchise business has accelerated more recently, as the company says there has been more momentum for
Gap has a new plan to grow its Athleta, Janie and Jack businesses overseas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-12  Authors: lauren thomas
Keywords: news, cnbc, companies, athleta, partners, plan, franchise, grow, stores, overseas, brands, business, jack, janie, sales, company, businesses, gap


Gap has a new plan to grow its Athleta, Janie and Jack businesses overseas

Gap Inc. has new plans to grow its Athleta and Janie and Jack businesses outside the U.S.

And it will do so by using its franchise business, which allows Gap to license its brand names to outside partners, who then are able to operate stores for the company in regions — such as Central America and the Caribbean — where Gap doesn’t already have a strong footing. Or where it doesn’t understand all the nuances of different corporate cultures.

“We’ve come to realize there is local expertise that frankly we don’t have,” Roy Hunt, the senior vice president of Gap Inc.’s global franchise and strategic alliances division, told CNBC in a recent interview. “But we go through a lot of different steps to make sure we have the right partners. … For the most part, we are very selective.”

Gap has already been licensing the rights to its namesake Gap, Banana Republic and Old Navy brands in nearly 40 countries, amounting to it having more than 500 franchisee-operated locations around the globe. The franchise model is very common in the fast-food industry — for example, with McDonald’s and Subway. It’s what has allowed a lot of these chains to grow so rapidly.

Gap opened its first Gap franchise store in Singapore in 2006.

Gap said on Thursday, as part of a meeting it was holding with its management team and Wall Street, that it will begin franchising the Athleta and Janie and Jack brands internationally. It said it will start by looking for partners to help it open stores within other stores and build out websites globally. It said it ultimately hopes to find partners to help it open freestanding Athleta and Janie and Jack franchise stores overseas.

“Given the premium, gift-worthy children’s looks of Janie & Jack and the versatile, sustainable women’s performance apparel of Athleta, we feel the two brands will resonate with customers in new and existing markets internationally,” Hunt said in a statement about the announcement.

The growth of Gap’s franchise business has accelerated more recently, as the company says there has been more momentum for some of its brands overseas. It says it’s opened 100 franchise locations outside of the U.S. within the last three years. Within the U.S., all stores are still owned and operated by the company.

The company also says that a substantial driver of sales overseas stems from Gap’s logo-plastered products, which account for nearly 30% of total sales in the franchise division each year. During the busy holiday season, Gap said some international markets bring in more than 40% of total sales from Gap-logo product.

According to Hunt, there’s still a huge opportunity for Gap to grow its franchise business in markets such as Europe, Asia and Central America. “If you think about it, the primary benefit we have in doing this is we are not investing our own capital … the partner is investing capital to build out the business,” he said.

The announcement from Gap Inc. comes as the company is in the midst of splitting into two publicly traded businesses, one for Old Navy by itself, and another for Gap’s other brands, including athletic apparel brands Athleta and Hill City. Then, Gap acquired children’s clothing retailer Janie and Jack’s intellectual property, its website, customer data and other assets for $35 million, when the brand’s previous parent company Gymboree filed for bankruptcy earlier this year.

The company has been struggling in the U.S., as its apparel brands face heated competition from the likes of fast-fashion retailers Zara and H&M. Gap Inc. sales overall fell 2% in the latest quarter.

It has said that as it shutters some of its underperforming Gap and Banana Republic locations, which have been weighing on the overall business, it plans to open more Athleta and Old Navy stores.

The company as of Aug. 3 had 3,356 company-operated stores and 521 franchise locations globally.

Gap Inc. shares are down more than 25% this year.


Company: cnbc, Activity: cnbc, Date: 2019-09-12  Authors: lauren thomas
Keywords: news, cnbc, companies, athleta, partners, plan, franchise, grow, stores, overseas, brands, business, jack, janie, sales, company, businesses, gap


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China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China


Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China. China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital. It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China
China to scrap foreign investment quotas to attract more money into its stock, bond markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


China to scrap foreign investment quotas to attract more money into its stock, bond markets

Investors watch the electronic board at a stock exchange hall on February 11, 2019 in Chengdu, Sichuan Province of China.

China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital.

While underlining China’s thirst for overseas funding as its economy slows amid a debilitating trade war with the United States, the move also appears largely symbolic, as two-thirds of the existing quotas remain unused.

China’s State Administration of Foreign Exchange (SAFE) would remove quotas on the dollar-dominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling, RQFII, it said in a statement on its website.

It said the move would “make it much more convenient for overseas investors to participate in China’s domestic financial markets, making China’s bond and stock markets more broadly accepted by international markets.”

The removal of quotas comes amid an escalating Sino-U.S. trade war that threatens growth in the world’s second-biggest economy.

Beijing hopes that foreign capital inflows could help to offset rising outflows and lend support to its yuan, which has dropped to its lowest levels against the U.S. dollar since the onset of the global financial crisis in 2008.

Inflows could also help bolster China’s balance of payments, as some analysts fear the country is slipping dangerously towards twin deficits in its fiscal and current accounts.

The removal “is a clear signal that policymakers want to encourage capital inflows,” wrote Win Thin, Global Head of Currency Strategy at Brown Brothers Harriman.

“The corollary is that they are still very worried about capital outflows and so will make sure to avoid any steps that might increase them,” he said.

China in January doubled the QFII quota to $300 billion, but only $111.4 billion of the limit had been used by foreign investors by the end of August.

China’s securities regulator also published draft rules earlier this year that would combine the QFII and RQFII programmes while also simplifying access for overseas investors.


Company: cnbc, Activity: cnbc, Date: 2019-09-11
Keywords: news, cnbc, companies, quotas, yuan, capital, bond, investment, money, stock, attract, markets, qfii, china, investors, overseas, outflows, scrap, foreign, exchange, chinas


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Saudi Aramco reportedly favors Tokyo for its overseas IPO

Saudi Aramco is considering Tokyo — instead of early favorites London and Hong Kong — as the international destination to list its shares, The Wall Street Journal reported on Thursday. The initial public offering of Saudi Arabia’s state oil giant’s shares will take place over two stages: A flotation on the Saudi stock exchange later this year, followed by an international listing in 2020 or 2021, the Journal reported, citing advisors and officials familiar with the plans. Aramco’s IPO, when it g


Saudi Aramco is considering Tokyo — instead of early favorites London and Hong Kong — as the international destination to list its shares, The Wall Street Journal reported on Thursday. The initial public offering of Saudi Arabia’s state oil giant’s shares will take place over two stages: A flotation on the Saudi stock exchange later this year, followed by an international listing in 2020 or 2021, the Journal reported, citing advisors and officials familiar with the plans. Aramco’s IPO, when it g
Saudi Aramco reportedly favors Tokyo for its overseas IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: yen nee lee
Keywords: news, cnbc, companies, reportedly, aramco, worlds, shares, international, tokyo, saudi, reported, journal, thursdaythe, overseas, favors, ipo, public, wall


Saudi Aramco reportedly favors Tokyo for its overseas IPO

Saudi Aramco is considering Tokyo — instead of early favorites London and Hong Kong — as the international destination to list its shares, The Wall Street Journal reported on Thursday.

The initial public offering of Saudi Arabia’s state oil giant’s shares will take place over two stages: A flotation on the Saudi stock exchange later this year, followed by an international listing in 2020 or 2021, the Journal reported, citing advisors and officials familiar with the plans.

Aramco’s IPO, when it goes ahead, is expected to be the world’s largest.

The company had targeted to raise $100 billion through selling 5% of its share in the public markets, but it’s not clear what the final amount will be, according to the report.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: yen nee lee
Keywords: news, cnbc, companies, reportedly, aramco, worlds, shares, international, tokyo, saudi, reported, journal, thursdaythe, overseas, favors, ipo, public, wall


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Deutsche Bank reportedly flagged Jeffrey Epstein’s overseas transactions to US watchdog

Deutsche Bank notified U.S. financial watchdogs about suspicious transactions by accused child sex trafficker Jeffrey Epstein — a customer of the bank — according to a new report Tuesday. The transactions, which involved Epstein moving money out of the United States, were flagged after Deutsche Bank discovered them while looking for indications that the wealthy financier was using his money for sex trafficking, The New York Times reported. But the latest suspicious transactions were reported thi


Deutsche Bank notified U.S. financial watchdogs about suspicious transactions by accused child sex trafficker Jeffrey Epstein — a customer of the bank — according to a new report Tuesday. The transactions, which involved Epstein moving money out of the United States, were flagged after Deutsche Bank discovered them while looking for indications that the wealthy financier was using his money for sex trafficking, The New York Times reported. But the latest suspicious transactions were reported thi
Deutsche Bank reportedly flagged Jeffrey Epstein’s overseas transactions to US watchdog Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, relationship, suspicious, watchdog, reportedly, bank, reported, jeffrey, report, deutsche, sex, epstein, overseas, epsteins, times, transactions, flagged


Deutsche Bank reportedly flagged Jeffrey Epstein's overseas transactions to US watchdog

Deutsche Bank notified U.S. financial watchdogs about suspicious transactions by accused child sex trafficker Jeffrey Epstein — a customer of the bank — according to a new report Tuesday.

The transactions, which involved Epstein moving money out of the United States, were flagged after Deutsche Bank discovered them while looking for indications that the wealthy financier was using his money for sex trafficking, The New York Times reported.

Epstein had been a client of Deutsche Bank’s private banking division since at least 2013, five years after he pleaded guilty to prostitution-related charges involving a teenage girl filed by Florida state prosecutors, the Times noted.

That guilty plea led to Epstein — a former friend of Presidents Donald Trump and Bill Clinton — being required to register as a sex offender.

According to the new article, an anti-money laundering compliance officer in Deutsche Bank’s office in New York and Florida raised concerns about the bank’s relationship with Epstein in 2015 and 2016.

Those officers also reportedly put together a suspicious activity report on potentially illegal activity in an Epstein account at the time, which had moved money outside of the U.S.

The Times said it was not clear if that report was ever filed with the financial crimes division of the U.S. Treasury Department. But the latest suspicious transactions were reported this year, according to the article.

“Deutsche Bank is closely examining any business relationship with Jeffrey Epstein, and we are absolutely committed to cooperating with all relevant authorities,” bank spokesman Troy Gravitt told CNBC in an email.

The Times reported that Deutsche Bank has been contacted by federal prosecutor and federal agencies probing Epstein.

The newspaper also reported that the bank now believes that all of Epstein’s accounts have been closed at the bank, months after Deutsche Bank moved to end its relationship with him on the heels of a Miami Herald report on a federal non-prosecution deal granted Epstein in 2007.


Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, relationship, suspicious, watchdog, reportedly, bank, reported, jeffrey, report, deutsche, sex, epstein, overseas, epsteins, times, transactions, flagged


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Investors favor US stocks amid political tensions overseas

As tensions with other countries climb, American investors are sticking close to home. While 66% of Americans said foreign equities could diversify their portfolios, just 48% of investors hold 1% to 25% allocations to these stocks in their portfolios. Baby boomers, who grew up when the U.S. represented a greater portion of the world’s economy, tend to have fewer foreign holdings. Baby boomers were particularly concerned with foreign countries’ instability and equity volatility, while millennials


As tensions with other countries climb, American investors are sticking close to home. While 66% of Americans said foreign equities could diversify their portfolios, just 48% of investors hold 1% to 25% allocations to these stocks in their portfolios. Baby boomers, who grew up when the U.S. represented a greater portion of the world’s economy, tend to have fewer foreign holdings. Baby boomers were particularly concerned with foreign countries’ instability and equity volatility, while millennials
Investors favor US stocks amid political tensions overseas Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: lorie konish
Keywords: news, cnbc, companies, td, political, amid, portfolios, countries, stocks, survey, foreign, investors, favor, holdings, denerstein, overseas, tensions, clients


Investors favor US stocks amid political tensions overseas

As tensions with other countries climb, American investors are sticking close to home. While 66% of Americans said foreign equities could diversify their portfolios, just 48% of investors hold 1% to 25% allocations to these stocks in their portfolios. And almost half — 48% — said political tension between the U.S. and other countries is what holds them back from ramping up their foreign exposure.

A U.S. flag flutters in the wind. Gary Hershorn | Corbis News | Getty Images

That is according to a new survey from TD Ameritrade, conducted in February. The reasons for staying away from overseas investments are varied. Baby boomers, who grew up when the U.S. represented a greater portion of the world’s economy, tend to have fewer foreign holdings. The survey found that 59% of this generation have 1% to 25% foreign exposure. Millennials, on the other hand, are more open to international investing. The survey found 53% of this younger cohort has 25% to 50% of their holdings in these stocks. Baby boomers were particularly concerned with foreign countries’ instability and equity volatility, while millennials were more likely to complain about a lack of information on foreign equities.

“We’ve seen over the course of the past few years, but really increasing in momentum, a desire for our clients to exhibit a home-country bias in terms of their investing,” said Keith Denerstein, director of investment product and guidance at TD Ameritrade. “There are advantages to focusing domestically, focusing globally and ultimately we want the client or the investors to be the ones to decide,” Denerstein said. TD Ameritrade is launching a new product next month within its personalized portfolios business, which lets clients get 100% exposure to U.S.-based investments. The investment minimum for that service is $250,000. But that won’t stop the firm’s other clients, including those in its robo-advisor service, which has a $5,000 minimum, from heavily weighting their holdings toward domestic equities if they want to, Denerstein said. “If it’s their preference, we certainly want to be able to cater to it,” Denerstein said. More from Personal Finance:

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Why Ted Cruz may be holding up retirement bill in Senate Financial advisor Scott Hanson, co-founder of Allworth Financial, said his firm and investors are leaning more toward domestic holdings, given U.S. domination of many markets over the past decade. “People just don’t want as much foreign stocks than they used to,” Hanson said, citing issues in Europe and slower growth in China. “I think a lot of people are questioning what’s the point of taking that risk.”

Avoid individual stocks


Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: lorie konish
Keywords: news, cnbc, companies, td, political, amid, portfolios, countries, stocks, survey, foreign, investors, favor, holdings, denerstein, overseas, tensions, clients


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Trump vows to ‘reciprocate’ against EU tariffs after Harley reports nearly 27% drop in profit

President Donald Trump appeared to reverse course on Harley Davidson on Tuesday, pledging to retaliate against “unfair” European Union tariffs that the company partially blamed for its nearly 27% drop in first-quarter profit. Trump, who called for a boycott against the motorcycle company last year amid a spat over steel, said that the EU tariffs have forced Harley to move U.S. jobs overseas. Harley announced plans last year to move production of its motorcycles destined for the EU to overseas fa


President Donald Trump appeared to reverse course on Harley Davidson on Tuesday, pledging to retaliate against “unfair” European Union tariffs that the company partially blamed for its nearly 27% drop in first-quarter profit. Trump, who called for a boycott against the motorcycle company last year amid a spat over steel, said that the EU tariffs have forced Harley to move U.S. jobs overseas. Harley announced plans last year to move production of its motorcycles destined for the EU to overseas fa
Trump vows to ‘reciprocate’ against EU tariffs after Harley reports nearly 27% drop in profit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: emma newburger, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, trump, nearly, reports, eu, drop, unfair, production, harley, jobs, steel, tariffs, vows, overseas, reciprocate, company, profit


Trump vows to 'reciprocate' against EU tariffs after Harley reports nearly 27% drop in profit

President Donald Trump appeared to reverse course on Harley Davidson on Tuesday, pledging to retaliate against “unfair” European Union tariffs that the company partially blamed for its nearly 27% drop in first-quarter profit.

Trump, who called for a boycott against the motorcycle company last year amid a spat over steel, said that the EU tariffs have forced Harley to move U.S. jobs overseas. “So unfair to U.S. We will Reciprocate!” he said in a tweet.

Harley announced plans last year to move production of its motorcycles destined for the EU to overseas facilities from the U.S. to avoid EU tariffs imposed in retaliation against Trump’s duties on aluminum and steel imports. In response, Trump called for a boycott of the company and threatened higher taxes as retaliation.

The White House did not immediately respond to requests for comment on Tuesday. Harley said it hasn’t moved jobs overseas due to tariffs, but moving production of EU motorcycles to their plant in Thailand, which came on late last year to support customers in the ASEAN region. No jobs were impacted here in the US as a result.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: emma newburger, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, trump, nearly, reports, eu, drop, unfair, production, harley, jobs, steel, tariffs, vows, overseas, reciprocate, company, profit


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US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge

Companies brought back $85.9 billion in the fourth quarter and $664.9 billion for the full year 2018, according to quarterly data released by the Commerce Department on Wednesday. Trump had pledged that companies would bring back $4 trillion, spurring U.S. job and investment growth. In 2017, companies brought back a total of $155.1 billion in offshore cash, the Commerce Department said. Apple said last year it would bring back nearly all of its $250 billion parked overseas. Some have estimated t


Companies brought back $85.9 billion in the fourth quarter and $664.9 billion for the full year 2018, according to quarterly data released by the Commerce Department on Wednesday. Trump had pledged that companies would bring back $4 trillion, spurring U.S. job and investment growth. In 2017, companies brought back a total of $155.1 billion in offshore cash, the Commerce Department said. Apple said last year it would bring back nearly all of its $250 billion parked overseas. Some have estimated t
US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: liz moyer, gary hershorn, getty images
Keywords: news, cnbc, companies, cash, pledge, nearly, bring, short, falling, trump, companies, billion, offshore, tax, 665, overseas, trillion, brought


US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge

American corporations dramatically increased the amount of offshore profit they brought back to the U.S. last year, but not nearly as much President Trump predicted as part of a trillion-dollar tax cut in late 2017.

Companies brought back $85.9 billion in the fourth quarter and $664.9 billion for the full year 2018, according to quarterly data released by the Commerce Department on Wednesday. Trump had pledged that companies would bring back $4 trillion, spurring U.S. job and investment growth.

In 2017, companies brought back a total of $155.1 billion in offshore cash, the Commerce Department said.

The tax cuts on corporate profits earned offshore — from 35 percent to a one-time rate of 15.5 percent on cash and 8 percent on other assets — encouraged companies to bring it home. Tech giants like Apple kept huge stashes of cash abroad, analysts said. Apple said last year it would bring back nearly all of its $250 billion parked overseas.

Much of the money brought home went to a stock buybacks, according to a Federal Reserve study last year. Buyback activity hit a record $1.1 trillion last year and could surpass that level this year.

Some have estimated that American companies held between $1 trillion and $2.5 trillion in cash offshore before the tax cuts.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: liz moyer, gary hershorn, getty images
Keywords: news, cnbc, companies, cash, pledge, nearly, bring, short, falling, trump, companies, billion, offshore, tax, 665, overseas, trillion, brought


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Japan’s central bank is now less optimistic about the economy

Factories across the globe slammed on the brakes last month as demand was hit by the U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s departure from the European Union. The central bank also stuck to its view Japan’s economy is expanding moderately, but added a phrase that “exports and output have been affected by slowing overseas growth.” Factory output also posted the biggest decline in a year in that month, a sign slowing global demand was tak


Factories across the globe slammed on the brakes last month as demand was hit by the U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s departure from the European Union. The central bank also stuck to its view Japan’s economy is expanding moderately, but added a phrase that “exports and output have been affected by slowing overseas growth.” Factory output also posted the biggest decline in a year in that month, a sign slowing global demand was tak
Japan’s central bank is now less optimistic about the economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kim kyung-hoon
Keywords: news, cnbc, companies, output, slowing, boj, demand, bank, economy, central, japans, growth, overseas, view, exports, optimistic, global


Japan's central bank is now less optimistic about the economy

The Bank of Japan kept monetary policy steady on Friday but tempered its optimism that robust exports and factory output will underpin growth, a nod to heightened overseas risks that threaten to derail a fragile economic recovery.

Factories across the globe slammed on the brakes last month as demand was hit by the U.S.-China trade war, slowing global growth and political uncertainty in Europe ahead of Britain’s departure from the European Union.

In a nod to the increased risks, the BOJ cut its assessment on overseas economies to say they are showing signs of slowdown. It also revised down its view on exports and output.

“Exports have shown some weaknesses recently,” the central bank said in a statement on its policy decision, offering a bleaker view than in January when it said they were increasing as a trend.

At a two-day rate review ending on Friday, the BOJ maintained a pledge to guide short-term interest rates at minus 0.1 percent and 10-year government bond yields around zero percent. The widely expected decision was made by a 7-2 vote.

The central bank also stuck to its view Japan’s economy is expanding moderately, but added a phrase that “exports and output have been affected by slowing overseas growth.” In January, it said only that the economy was expanding moderately.

“The sharp deterioration in exports and industrial production should be a serious source of concern for the BOJ. I think the BOJ is doing some thought experiments about what they can do,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management.

“For now you can still make the argument that current economic weakness is temporary, but this is becoming an increasingly closer call. The next three months are critical.”

Japan’s exports posted their biggest decline in more than two years in January as China-bound shipments tumbled. Factory output also posted the biggest decline in a year in that month, a sign slowing global demand was taking a toll on Japan Inc.

Many in the BOJ expect Japan’s economy to emerge from the current soft patch in the second half of this year, when Beijing’s stimulus plans could lift Chinese demand and underpin global growth, sources have told Reuters.

But there is uncertainty on how quickly global demand could rebound, adding to woes for Japanese companies already feeling the pinch from slowing Chinese demand, analysts say.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: kim kyung-hoon
Keywords: news, cnbc, companies, output, slowing, boj, demand, bank, economy, central, japans, growth, overseas, view, exports, optimistic, global


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Beijing’s capital controls are weighing on Chinese investors looking to buy property abroad

Chinese investors are keeping unchanged or even reducing the amount of money they allocate for overseas property purchases as they continue to struggle to get money out of the country, according to a survey conducted by a global real estate services company. On top of that, it became increasingly difficult for investors to obtain loans last year as Beijing sought to control the high levels of debt in the real estate sector. The firm said the results, released Friday, were based on responses from


Chinese investors are keeping unchanged or even reducing the amount of money they allocate for overseas property purchases as they continue to struggle to get money out of the country, according to a survey conducted by a global real estate services company. On top of that, it became increasingly difficult for investors to obtain loans last year as Beijing sought to control the high levels of debt in the real estate sector. The firm said the results, released Friday, were based on responses from
Beijing’s capital controls are weighing on Chinese investors looking to buy property abroad Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: kelly olsen, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, country, wakefield, estate, real, overseas, capital, investors, beijings, property, weighing, respondents, money, survey, chinese, looking, buy, controls, abroad


Beijing's capital controls are weighing on Chinese investors looking to buy property abroad

Chinese investors are keeping unchanged or even reducing the amount of money they allocate for overseas property purchases as they continue to struggle to get money out of the country, according to a survey conducted by a global real estate services company.

That comes amid China’s continued campaign to clamp down on funds leaving the country. Beijing ramped up capital controls several years ago to fight a volatile currency, but the last few months of slowing economic growth, a declining current account surplus and uncertainty due to the trade war with the United States have led many to believe those measures will persist.

On top of that, it became increasingly difficult for investors to obtain loans last year as Beijing sought to control the high levels of debt in the real estate sector.

In its 2019 China Outbound Real Estate Investor Intention Survey conducted during the final three months of last year, Cushman & Wakefield found that a combined 84 percent of respondents had either kept their funds for foreign real estate acquisitions at about the same level or reduced them compared with 2017.

The firm said the results, released Friday, were based on responses from 51 mainland Chinese who invest in overseas real estate and who represent combined offshore capital of 280 billion yuan ($41.81 billion).

The survey also found that 65 percent of respondents were “significantly or severely impacted” by Beijing’s measures to crack down on money leaving the country, an increase from 50 percent who expressed such a view in 2017.

Also, 60 percent of respondents said they didn’t think policy restrictions would ease this year while 59 percent expressed the view that domestic lending conditions for real estate won’t improve.

Chinese investors acquired a total of $15.7 billion worth of overseas real estate in 2018, down 63 percent from 2017 and the lowest figure since 2014, according to data from Real Capital Analytics cited in the Cushman & Wakefield report.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: kelly olsen, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, country, wakefield, estate, real, overseas, capital, investors, beijings, property, weighing, respondents, money, survey, chinese, looking, buy, controls, abroad


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Chinese tourism growth slows during the Lunar New Year holiday

Tourism growth in China slowed during this year’s major Spring Festival holiday, indicating overall sentiment around the economy has yet to turn around. Chinese New Year is typically spent visiting relatives, but as one of China’s few major public holiday seasons, it has increasingly become a popular time to travel. This year, the work holiday officially ran the first full week of February. The closely watched Chinese consumer has become a significant force in overseas travel. The auto sector —


Tourism growth in China slowed during this year’s major Spring Festival holiday, indicating overall sentiment around the economy has yet to turn around. Chinese New Year is typically spent visiting relatives, but as one of China’s few major public holiday seasons, it has increasingly become a popular time to travel. This year, the work holiday officially ran the first full week of February. The closely watched Chinese consumer has become a significant force in overseas travel. The auto sector —
Chinese tourism growth slows during the Lunar New Year holiday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: evelyn cheng, vcg, getty images
Keywords: news, cnbc, companies, tourism, slows, work, chinese, willing, lunar, watched, week, major, china, holiday, economy, growth, overseas


Chinese tourism growth slows during the Lunar New Year holiday

Tourism growth in China slowed during this year’s major Spring Festival holiday, indicating overall sentiment around the economy has yet to turn around.

Chinese New Year is typically spent visiting relatives, but as one of China’s few major public holiday seasons, it has increasingly become a popular time to travel. This year, the work holiday officially ran the first full week of February. Tuesday, the 15th day from the start of the Lunar New Year, marked the traditional end of the celebrations.

The closely watched Chinese consumer has become a significant force in overseas travel.

An increasing number of merchants overseas have adopted Chinese mobile pay, while many retailers have employed Mandarin-speaking staff. Within China, economic slowdown and uncertainty around issues such as the U.S.-China trade tensions have already put some pause on big-ticket purchases.

Car sales fell for a seventh straight month in January, data this week showed. The auto sector — a major part of the Chinese economy — is watched as a barometer on how much consumers are willing to spend.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: evelyn cheng, vcg, getty images
Keywords: news, cnbc, companies, tourism, slows, work, chinese, willing, lunar, watched, week, major, china, holiday, economy, growth, overseas


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