March 24, 2021
“EDITOR NOTE: Goldman Sachs, JP Morgan, and Citigroup–three of America’s largest banks–have significantly increased their stake in China, as the top five US banks, adding Morgan Stanley and Bank of American to the list, hold a whopping $77.8 billion exposure… Continue Reading…
February 26, 2021
“China stands a good chance of doubling the size of its economy by 2035 — and surpassing the U.S. as the world’s largest economy along the way, said an economist from the Bank of America. As China seeks to become an advanced… Continue Reading…
November 27, 2020
“A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company’s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labeled as… Continue Reading…
October 26, 2020
“Ant Group would raise $34.5 billion in its dual initial public offering after setting the price for its shares on Monday, making it the biggest listing of all time. The Chinese financial technology giant previously said it would split its stock… Continue Reading…
September 15, 2020
“What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.681% rose 1.2 basis points to 0.681%, while the 2-year note rate TMUBMUSD02Y, 0.137% was steady at 0.139%. The 30-year bond yield TMUBMUSD30Y, 1.425% added 2.1 basis points to 1.429%. Bond prices move in the opposite direction of yields.… Continue Reading…
September 7, 2020
“GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company. The firm’s Hong Kong-listed shares plummeted by 22.88% to… Continue Reading…
May 22, 2020
“Alibaba (BABA) reported quarterly results before the market open Friday that beat estimates as total gross merchandise volume for the year hit a record $1 trillion. Alibaba stock fell. The China e-commerce giant reported adjusted earnings of $1.30 per share, up… Continue Reading…
February 17, 2020
“Recession fears are stalking Europe again after Germany’s economy flatlined at the end of 2019. The coronavirus now threatens to slam exports to China. The German economy did not grow in the final three months of last year, setting up… Continue Reading…
January 22, 2020
“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…
January 14, 2020
“The Chinese yuan strengthened Tuesday to its highest level in more than five months as the United States removed China from its currency manipulator list. The US Treasury Department on Monday stripped away its designation of China as a currency manipulator, days… Continue Reading…
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