China sure has its micro-managing hands full these days.Just hours after the PBOC announced a modestly “revalued” fixing in the CNY, which curiously led to weaker trading in the onshore Yuan for most of the day before a forceful last minute intervention by the central bank pushed it back down to 6.39…… it was the local stock market spinning plate […]
An investor smiles after the Shanghai Composite Index rose 4.9% on Monday in its best day for a month. Photograph: Xie Zhengyi/Xinhua Press/Corbis
Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump in exports from the world’s second-largest […]
NEW YORK (Reuters) – Weak earnings dragged stocks lower on Thursday and oil fell on continued oversupply concerns, while Treasuries prices rose ahead of U.S. jobs numbers seen as key to determine the timing of a rate hike from the Federal Reserve.
Wall Street traded lower, weighed by biotech shares and on a second day of sharp declines in media companies […]
REUTERS/China DailyA Chinese soldier trains a dog by skipping rope at a military base in Nanjing, east China’s Jiangsu province January 28, 2006.See Also6 reasons China’s stock market selloff doesn’t matter for the global economyMARK MOBIUS: China is nearing a capitulation pointChina’s government still has options to steer its stock marketWatching the high-stakes melodrama that has unfolded in the Chinese […]
An investor watches market returns at a stock exchange hall on 27 July in Tai an, China. Photograph: ChinaFotoPress/ChinaFotoPress via Getty Images
Beijing has vowed to step up its interventions in China’s volatile stock market following a traumatic day on Monday when stocks suffered their greatest losses since 2007.A government-controlled stock-buying agency would “continue to buy stocks to stabilise the market”, […]
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Big Pharma Refills its Blockbuster Pipeline While the Generics Consolidate
MRP
MCALINDEN RESEARCH PARTNERS | DIBS
This Week’s Issue Cluster: Pharma
Generic drugmakers get on the megamerger bandwagon
New blockbuster branded drugs are coming down the pike, including Alzheimer’s, malaria, and cholesterol.
US […]
Summary: Overall, fund managers’ asset allocations in July provide a confused view.On the one hand, fund managers raised cash to a 6 1/2 year high. It hasn’t been this high since the height of panic in late 2008. This is normally contrarian bullish.Note, however, that allocations to equities rose over the past month. Most of the rise in cash came […]
Gilead Sciences, Inc. (GILD) Stock Update by Bidness ETC : Wednesday 11:44:23 CTCategories: News, streamGilead Sciences, Inc. (NASDAQ:GILD) has had an unimpressive month so far, which is unusual for a stock that happens to be one of the most traded biotech stocks in the market. The company’s stock has actually traded down 1.67% since the beginning of July, reaching a […]
The Chinese stock market meltdown is accelerating despite government intervention and is blowing back to commodities markets, including copper and oil, which are trading down based on concern that the stock market plunge is a harbinger of even more economic weakness. The Financial Times gives a snapshot of today’s downdraft:
China’s central bank stepped up state support for sinking stocks on […]
2) Shanghai shares fell 3.3 percent on Monday despite another rate cut by the People’s Bank of China (PBOC), and reduction in reserve requirements, which allows banks to lend more freely, and again, at a lower cost to borrowers.3) Puerto Rico says it can’t pay the $72 billion owed to its creditors and wants a moratorium on payments until it […]
