Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.
PT Jamsostek, Indonesia’s biggest pension fund, said the nation’s benchmark stock index will extend losses, giving the manager an opportunity to boost equity holdings amid optimism about the country’s economic growth.
Talks between the presidents of Vietnam and China, their first meeting since China’s leadership change, will focus on bolstering economic ties even as tensions rise over disputed territory in the South China Sea.
Dalian Wanda Group, the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe’s tallest residential tower.
Philippine stocks are proving too cheap to pass up for two of the nation’s biggest money managers after falling the most since 2011, as companies post record profits and economic growth outpaces the world.
Malaysia’s ringgit fell to a 10- month low and the five-year government bond yield climbed to the highest in three months as investors await clues as to when U.S. policy makers will start reducing monetary stimulus.