Search Results for: China Market
China’s insurer to launch $1 billion fintech and health care fund
May 8th, 2017
Ping An Insurance Group, China’s largest insurer by market value, is launching its first overseas fund to invest in financial technology (fintech) and health care tech worldwide. Headed by Jonathan Larsen, an 18-year veteran of Citigroup, who joins as ...
Asian Stocks Climb as Global Growth Seen Intact: Markets Wrap
May 8th, 2017
Euro declines after Macron beats Le Pen for French presidency Japan shares rally after holidays while China extends selloff Asian stocks climbed outside of China, with Japanese shares rallying after a three-day holiday, amid optimism on improving global growth following ...
Aussie Stocks Drop, Taiwan Bucks Poor Apple Result: Markets Wrap
May 3rd, 2017
Japan and Hong Kong among Asian markets shut on Wednesday Kiwi dollar climbs as jobless rate in New Zealand declines Australian stocks dropped, while a poor Apple Inc. earnings report proved no bar to gains in Taiwan’s electronics-rich stock ...
Saudi Arabia is losing oil market share to Iraq and Iran
April 27th, 2017
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to the head of research at Abu Dhabi Investment Authority. “If ...
Asian Equities, Yen Maintain Declines After BOJ: Markets Wrap
April 27th, 2017
Region’s stocks halt five-day rally as China shares drop Investors assess Trump’s U.S. tax plan; peso reverses losses Asian stocks were mostly lower after a five-day rally as the Bank of Japan cut its inflation forecast while keeping stimulus ...
Global Stock Rally Lives On Amid Earnings Optimism: Markets Wrap
April 26th, 2017
Chalco profit follows results from McDonald’s, Caterpillar Japan equities climb amid yen weakness; Australian shares rise Asian stocks extended a global rally after corporate results and hopes of U.S. tax reform boosted optimism for global growth. Weakness in the ...
European markets continue rally after first round of the French election
April 24th, 2017
European markets continue rally after Macron’s victory; French banks soar; CAC up 4% European markets extended gains during mid-afternoon trade on Monday after centrist French presidential candidate, Emmanuel Macron, won the first round of the French election. The pan-European ...
UN report: Social network payments now reach nearly US $3 trillion in China
April 24th, 2017
Payments on messaging and e-commerce platforms set to increase China’s GDP by $236 billion by 2025, unlocking new economic opportunities for people and small businesses A new UN study reveals that Alipay and WeChat Pay enabled US$2.9 trillion in ...
PM markets: traders weigh European drought, US rains
April 20th, 2017
Wheat prices in the Chicago and Paris saw early gains, helped by fears that time is running out for much needed rains in Europe and North Africa, but the rallies failed later in the day, as a strong forecast ...
Asian Stocks Fall as Dollar Slumps on Trump Talk: Markets Wrap
April 13th, 2017
Japanese shares lead decline as yen strengthens for fourth day Hong Kong equities pare losses amid Chinese export data Most Asian stocks fell after the dollar slumped and Treasury bond yields dropped to the lowest level this year in ...
