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Despite signs of a dramatic slowdown in Asia, HSBC – one of the
world's largest banks and the world's second largest public company by
market capitalisation – is bullish on the long-term future of the
region. Australian companies are already leveraging the economic growth
of Asia, and Paulo Maia, chief executive of HSBC Australia, predicts
there will be plenty more opportunities in the Asian century. He's
looking beyond China and India to the growth markets of Malaysia,
Indonesia, Vietnam and the Philippines and to a truly global world where
foreign exchange will play a crucial role with even very small
businesses trading in multiple currencies.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12