Archive | July 2015

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China stock regulator restricts 24 trading accounts for suspected irregularities

China’s securities regulator said on Friday that it had restricted 24 stock trading accounts for suspected trading irregularities. The accounts had been found to have abnormal bids for shares or bid cancellations and were thus suspected of affecting share prices or influencing investment decisions by other investors, the China Securities Regulatory Commission said in its […]

SoftBank: Why we changed investment focus

SoftBank is eschewing investments in early-stage firms in favor of mature companies in a strategy shift under the helm of newly-appointed President Nikesh Arora. “It’s bigger bets in businesses where we believe they are beginning to exhibit trajectory, potential to break out and become a leader in their space,” the 47-year old company president told […]

Global financial markets a shell game: Bill Gross

The global financial markets are a “shell game” thanks to government interventions like quantitative easing, and once the manipulation stops, the markets may drop, bond legend Bill Gross said Wednesday. “This shell game has been taking place for a long time,” the manager of the Janus Global Unconstrained Bond Fund said in an interview with […]

Postcards from China: What US investors can learn

Think about the Chinese economy and stock market as basically being a fun-house mirror view of its American counterparts. Debt-driven economy? Check. Central bank and government stimulus aimed at goosing the stock market? Check. Highly leverage-driven growth in that stock market? Check. True, China and the U.S. have key differences. China’s gross domestic product gains […]

Minefield for market with Fed, earnings, commodities crush

The Fed meets in the week ahead, but a commodities meltdown and the mixed earnings season are adding to concerns about global growth and may steal some of its thunder. The Federal Open Market Committee is expected to discuss the path to normalizing interest rates during its two-day meeting, but is not expected to make […]

What we know about Apple Watch sales…so far

In the aftermath of Apple’s earnings on Tuesday, investors were left asking one question: How many Watches did the tech giant sell? Apple CEO Tim Cook remained tight-lipped on numbers but instead said the Watch had beat the company’s own internal expectations. One problem: Nobody knows what those are. Financial chief Luca Maestri said the […]

Philippines remittances: under threat

How bad would it be for the economy of the Philippines if remittances were to dry up? Such a scenario may be far off but an analysis of central bank data suggests both the composition and the total value of payments sent home by Filipino workers overseas are undergoing fundamental change. If recent trends continue, […]