June 22, 2025 08:14 PM GMT Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 Jenny Zheng, CFA Economist Jenny.L.Zheng@morganstanley.com +852 3963-4015 Investor Presentation | Asia Pacific M Foundation Stablecoins and RMB Internationalization? A Long Game Related Reports: Stablecoins and RMB Internationalization? A Long Game (19 June 2025) Pan's Plan for RMB in A Multipolar Monetary World (18 June 2025) For important disclosures, refer to the Disclosure ...

June 18, 2025 02:42 PM GMT China Healthcare | Asia Pacific Weekly Rx Express 2025.06.13 China Healthcare Asia Pacific Industry View Attractive Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst cer ...

Why is Beijing paying attention to stablecoins now? The US Senate's passage of the GENIUS Act, which mandates fully backed dollar stablecoins, marks a turning point. If passed by the House, the Act would effectively transform USD-pegged stablecoins into synthetic dollars (currently accounting for 99% of the stablecoin market), hardwiring them into global payment rails and boosting demand for US Treasuries. In our view, this is not a challenge to dollar dominance – it's a reinforcement of it. Stablecoins are ...

The Islamic Republic of Iran condemns in the strongest terms the United States brutal military aggression against Iran's peaceful nuclear facilities. It is an outrageous, grave and unprecedented violation of the fundamental principles of the charter of the United Nations and international law. The warmongering and lawless administration in Washington.Is solely and fully responsible for the dangerous consequences and far reaching implications of its act of aggression. The U.S. military attack on the territor ...

Core Viewpoint - The article discusses the implications of rising national debt and suggests investing in life and retirement insurance companies as a protective measure against potential economic challenges posed by this debt [1][4]. Rising Debt and Economic Impact - The U.S. national debt has significantly increased, with a corresponding rise in the debt-to-GDP ratio, particularly during recessionary periods such as the 2008-2009 financial crisis and the pandemic [2]. - The response to rising debt has historically been increased spending and debt issuance, raising concerns about the sustainability of this approach [3]. Interest Rate Projections - Higher debt levels suggest that more debt issuance will occur, which could lead to rising long-term interest rates, potentially exceeding market expectations [6][7]. - The current market appears complacent regarding long-term interest rates, not pricing in significant risks associated with rising debt levels [7]. Investment Opportunities in Insurance Sector - In a rising interest rate environment, life and retirement insurers like Prudential Financial, MetLife, and Corebridge Financial may perform well, as they can invest in higher-yielding assets [8]. - These insurers typically hold a significant portion of their assets in low-risk investments, which will be affected by rising rates but will also allow them to purchase new assets at higher rates [10]. Asset Composition of Insurers - Prudential Financial holds 54.9% of its general account assets in publicly available fixed maturities, while MetLife has 31.6% in investment-grade corporate debt [12][13]. - Corebridge Financial has a substantial 97% of its assets in fixed income or short-term investments, positioning these companies favorably in a higher interest rate scenario [13]. Strategic Investment Considerations - While the debt issue is concerning, predicting interest rates remains challenging; however, investing in the insurance sector may be a prudent strategy for those worried about future public debt servicing costs [14].

The Security Council must act now. We reiterate our call on the Security Council to determine the Israeli illegal use of force and armed attacks against Iran are a breach of peace and act of aggression. Adopt binding and enforcement measures on the chapter 7 to hold aggression and prevent its recurrence.condemn clearly the violation of Iran sovereignty and targeting of our safeguard nuclear facilities. Conceal's failure to act at this critical juncture would constitute a profound application of the cons res ...

Pivotal phase III SUNMO study demonstrated an 11.5 month median progression-free survival - three times longer than R-GemOx1This well-tolerated investigational combination therapy avoids traditional chemotherapy and may be suitable for outpatient community careThese data demonstrate Roche's commitment to providing options for diverse patient and healthcare system needs in this difficult-to-treat lymphoma Basel, 20 June 2025 - Roche (SIX: RO, ROG; OTCQX: RHHBY) presented today results from the phase III SUNM ...

Our peaceful nuclear facilities have also been targeted despite their being under full monitoring of IAEA and despite the fact that attacking such facilities are absolutely banned under international law. Israel attacks on nuclear facilities are grave war crimes. We are entitled, tasked and determined to defend our territorial integrity, national sovereignty and security with all force.This is our inherent right. We were attacked in the midst of an ongoing diplomatic process. We were supposed to meet with A ...

The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market update newsletter, actionable trades, technical analysis, and a chat room. Learn moreJames Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust ...

On this Fed day, no change in interest rates. The Fed just announcing a moment ago it's leaving its benchmark rate unchanged. And not a huge surprise if you've been with us here on Bloomberg, I'm glad to say.We're joined now by Senator Elizabeth Warren, the Democrat from Massachusetts, with us live from Capitol Hill. And it's great to see you, Senator. Welcome back to Bloomberg.You've been calling for cuts here on Bloomberg for months, much like President Trump has. In fact, just today, he called on Jay Pow ...