The annual pilgrimage to the MoneyShow San Francisco has been my ritual since graduate school. Experts keep my financial knowledge base refreshed. Times change and shows like this one will eventually be completely virtual. The highlights for 2015 covered the disruption of financial advising and health care. I don’t need to repeat the most important talks because those will eventually […]
On July 27, the Shanghai Composite Index fell 8.5 percent, its largest single-day loss since 2007. This came on the heels of major government intervention to stem the market’s slide earlier in July. What does the latest chapter of the crash mean for China’s economy? And, more broadly, what does it mean for the policies and politics of China’s current […]
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 […]
REUTERS/Kim Kyung-HoonA man watching a board showing the graphs of stock prices at a brokerage office in Beijing on July 6.Chinese stocks have been getting hammered recently.After a boom in activity earlier this year, the Shanghai Composite Index has tumbled during July.But China has a bigger problem — in short, the growth of nominal gross domestic product (the size of […]
Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]
Last week we presented China’s latest bazooka in its ongoing attempt to halt its plunging market (apparently threats to arrest sellers were insufficient) – China Securities Finance Corp. As a subsidiary of the China Securities Regulatory Commission, this meant that “China’s central bank is now underwriting brokerages’ margin lending businesses” and that “the PBoC is now in the business of […]
Nearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.The recent drop in the Nigerian stock market indicators also […]
By PETER EGWUATUNearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation’s stock market have lost over N1.032 trillion. Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.MUHAMMADU BUHARIThe recent drop in the Nigerian stock market indicators […]
‘International investors have called the recovery a dead cat bounce, and the leadership’s reputation with its own people has suffered a serious blow.’ Photograph: Imaginechina/Corbis
The Chinese stock market crash came to a juddering halt yesterday, after a nailbiting three weeks that left investors $3tn poorer. The halt came after an escalating series of interventions that culminated in the suspension of […]
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.China’s sell-off will be felt far beyond its see-sawing stock markets. The month-long slide in share prices has called into question the country’s recent conversion to market dogma, while the state’s floundering response has exposed the limits of its grip on China’s financial system. Broader reforms may suffer.Some […]
