Archives
China August exports beat forecasts, imports in surprise fall
September 8th, 2014
China’s import growth unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year and stoking speculation about whether authorities should loosen policy further to revive domestic demand. Imports by the world’s second-biggest ...
Legal fees for Alibaba IPO top $15.8m, beating Facebook
September 8th, 2014
Law firms advising on the $21bn mega IPO of Chinese e-commerce giant Alibaba are to split $15.8m in legal fees, as the Hangzhou-based company prepares to list on the New York Stock Exchange later this month. Legal Week first ...
Tax Reform for US Inversions
September 8th, 2014
While it does not appear that US President Barack Obama will be taking administrative action in the near future, other commentators are insisting that corporate tax reform is the only viable option to stop US multinationals from undertaking corporate ...
Australia 200 – Falls Sharply from Resistance at 5650
September 8th, 2014
Australia 200 for Monday, September 8, 2014 For the last couple of weeks the Australian 200 Index has traded in a narrow range between 5600 and 5650 although it enjoyed a small excursion when it surged higher to achieve ...
West TX Oil Below $94 as Market Awaits Chinese Data
September 8th, 2014
Brent crude fell on Monday for a third day of losses even though Chinese trade data showed both better-than-expected exports and weak imports that might prompt help for the economy, but it remained below $101 a barrel after poor ...
Gold Steady Below $1270 on Weak Jobs Data
September 8th, 2014
Gold extended gains to a second session on Monday, boosted by a disappointing U.S. non-farm payrolls report that eased concerns about an early interest rate increase, with investors also eyeing developments in the Ukraine crisis. Spot gold had ticked ...
Asian shares tentative, sterling plunges
September 8th, 2014
Sterling declined on Monday and British shares look set to underperform their peers in Europe after a poll found rising support for Scottish independence. European shares are expected to enjoy a firm tone on the whole, following gains on ...
As cocoa price soars, chocolate makers devour substitutes
September 8th, 2014
Chocolate makers in the fast-growing Asian market are replacing a bigger proportion of cocoa butter, which gives confectionery its melt-in-the-mouth texture, with cheaper palm oil-based alternatives. The move will help confectioners keep down prices in the price-sensitive region where ...
The Billionaires Are All Quietly Preparing For The Stock Market To Plunge
September 8th, 2014
Billionaire 1: Sam Zell “The stock market is at an all-time high, but economic activity is not at an all-time,” explains billionaire investor Sam Zell to CNBC on Thursday morning. “People have no place else to put their money, ...
ECB Wades Into Currency Wars But Needs Reform Backing
September 8th, 2014
The European Central Bank spent a long time being a noncombatant in the global currency wars. But it has decisively entered the fray as it seeks to boost its balance sheet by €1 trillion ($1.294 trillion) through fresh loans ...
