Asia

Wiese’s Brait Seeks Growth in Asia as S. Africa, U.K. Wilt

Posted on by The Editorial Team
Wiese’s Brait Seeks Growth in Asia as S. Africa, U.K. Wilt

JOHANNESBURG (Capital Markets in Africa) – Brait SE, the investment company owned by South African billionaire Christo Wiese, plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain. The stock has dropped for 18 straight days, the longest losing streak on record, and tumbled to a three-year low on Wednesday after the company slid to a full-year loss. Brait…

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Moody’s ASIA PACIFIC Economic Outlook

Posted on by The Editorial Team
Moody’s ASIA PACIFIC Economic Outlook

China’s data for the first two months of the year were fairly dismal. Most activity indicators suggest that there are large downward pressures on the economy, which means that the government will need to ease measures if it is to keep the economy growing close to its target. Industrial production grew just 6.8% y/y in the first two months of the year, down from a 7.9% increase in December. This was due to further weakness…

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