Latest news with #DanielTan
Wall Street Journal
22-04-2025
- Business
- Wall Street Journal
Dollar Stays Weaker on Fed Independence Concerns
0640 GMT – The dollar remains under pressure after hitting a three-year low Monday following renewed calls from President Trump for interest rate cuts. In a post on his Truth Social platform, Trump said there is 'virtually no inflation' and warned the U.S. economy would slow if the Fed doesn't immediately cut rates. His comments triggered a broad selloff in U.S. assets on rising concerns over Fed independence, Deutsche Bank analysts say in a note. 'While potential risks to Fed independence had already generated headlines in recent weeks, yesterday's market moves were the clearest sign yet of investor anxiety over the topic.' The DXY dollar index falls 0.1% to 98.159 after reaching a low of 97.921 on Monday.( 0429 GMT — The Japanese yen should continue to perform well in a global risk-off scenario, says Daniel Tan at Grasshopper Asset Management. Japan's domestic data have shown steady progress toward the Bank of Japan's stable inflation target, heightening the possibility of a BOJ rate hike at its May 1 meeting, says the portfolio manager. Meanwhile, trade tariffs could raise U.S. inflation and might also have the countervailing effect of weakening long-term U.S. growth, which could push the Fed closer to a rate cut this year. The combined effect of global risk-off sentiment and lower U.S. rates would mean that the yen has more room to appreciate from the current level of around 141 versus the USD, Tan says in a note.(
South China Morning Post
01-04-2025
- Lifestyle
- South China Morning Post
How to turn a Hong Kong flat into a Japanese-inspired sanctuary
Who hasn't gone on holiday to a place so beguiling they toyed with the idea of moving there? Advertisement One Hong Kong-based Malaysian family felt that way about the soothing, otherworldly bamboo forests of Kyoto, Japan But since it wasn't practical for Daniel Tan, a stay-at-home dad, and See See Ooi, who works in finance, and their adult children Jieh Jia 'JJ' Tan and Shuen Shuen Tan, to uproot and relocate, a solution was to bring the forests to them – at least, in spirit. A new 1,200 sq ft four-bedroom, three-bathroom apartment in Lohas Park, in the New Territories, would provide the starting point; boutique design studio Canter & Gallop Design (CGD) the impetus. 'When we travel to Japan, we find it very serene, peaceful and connected to nature – it's almost healing for us to spend time together there,' says JJ, a designer. 'Hong Kong is known for using bamboo scaffolding, so there's a bit of storytelling, too. It's nice to reference these two things in our home.' The living and dining area. Photo: Common Studio Jonathan Ng and Rafael Pardo, co-founders – along with David Kung – of CGD, based their concept on mindfulness and simplicity.
