♠ Posted by Emmanuel in Casino Capitalism,China at 8/27/2015 12:51:00 PM
Islamabad or bust: HK stocks can now be bought more cheaply than Pakistan’s.
Having a powerful economy in your orbit, Big Brother style, has its benefits and drawbacks. For the longest time, the Hong Kong Stock Exchange (HKSE) has benefited from riding China’s slipstream: Late last year, mainland China overtook Japan […]
AP Photo/Mark Humphrey
Republican presidential candidate and real-estate magnate Donald Trump released a video on Instagram on Monday, warning that China could bring the US economy down.
“I’ve been telling everybody for a long time China’s taking our jobs. They’re taking our money. Be careful: They’ll bring us down,” Trump said in the post. “You have to know what you’re doing. We […]
Sunday, 23rd August 2015Note: News U Wish to Read is a compilation of articles published in the press, in the UAE, India and world around. Its purpose is to keep us informed of important news items which we all wish not to miss. Enjoy reading the below news items and links. More sections will come as it takes shape and […]
Image: FlickrJust in case you don’t know who Warren Buffett is, he’s currently the third-wealthiest person in the world, behind only Bill Gates and Carlos Slim Helu. He’s been building his massive $67 billion fortune since his first acquisition of a textile company back in 1962, and since then, he’s grown the Berkshire Hathaway brand into a holding company that […]
Traders work on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York on Wednesday. Photograph: Andrew Gombert/EPA
US stocks rallied late on Wednesday afternoon following an earlier worldwide markets slump due to concerns about the health of the Chinese economy.The major US stock indices end the day roughly flat, after having […]
Wikimedia CommonsWangfujing Street, BeijingChina’s economy is going through a rough patch, and fears things could get worse have been exacerbated by the recent crash of the country’s high-flying stock market.But amid all of this, the real losers may be the leaders in Beijing.”The diminished credibility of policymakers may be the most important consequence of the crisis,” a team of Citi Research economists said […]
The Athens stock exchange closed 16 percent lower on Monday after it reopened for the first time in five weeks, according to an unofficial tally.Reuters reported that Greek banking stocks fell 30 percent, hitting the bourse’s daily volatility limit, with sellers lining up and no buyers. Earlier, the sector was being pummeled across the sector, including Alpha Bank, Attica Bank […]
The Greek stock market dived more than 20 percent on Monday immediately after opening, with the Athex Composite down to 615.12. Piraeus Bank and the National Bank of Greece both plunged 30 percent, the daily volatility limit.Banks account for about one-fifth of the main Athens index.However, some limitations for market trading were kept in place. Greek traders are able to […]
AP Photo/Petros KaradjiasA demonstrator makes the victory sign in front of a banner, depicting a wrecking ball reading ”NO” and destroying a wall with anti-austerity measures during a rally in Athens, Friday, June 10, 2015.The Greek stock market is about to reopen for the first time in five weeks. It’s been closed since the beginning of the country’s capital controls […]
The Greek stock market is set to reopen on Monday as talks continue with the country’s creditors on a new multi-billion-euro bailout. Photograph: Orestis Panagiotou/EPA
Greek investors expect a tumultuous day’s trading when Athens’ stock market reopens on Monday after a five-week shutdown.The resumption of trading in Greek stocks will be the latest step back towards economic normality, after the prime […]
