$1.6tn War Chest – China’s largest policy bank takes aim at overseas resources
Funds backed by the $1.6 trillion China Development Bank are buying assets overseas in industries including energy and minerals.
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Funds backed by the $1.6 trillion China Development Bank are buying assets overseas in industries including energy and minerals.
China’s government has decided to abandon attempts to boost the stock market through large-scale share purchases, and will instead intensify efforts to find and punish those suspected of “destabilising the market”.
Anthony Ginsberg points to a positive economic outlook to support his still bullish view on US stocks.
Apple on Thursday sent out invitations to a Sept. 9 media event, hinting that Siri virtual assistant software in its mobile devices will play a role.
Two things that have supported U.S. stocks in the past, dovish words from the Federal Reserve and improving economic data, triggered the biggest rally since 2011 and halted a plunge that erased $2.2 trillion from share values.
He is described as the most influential economics journalist in the world. So who better to turn towards for insight into why Mr Market is so panicked?
China’s stocks extended the steepest five-day drop since 1996 as an interest-rate cut by the central bank failed to stop a $5 trillion rout.
The tough times continue. Chinese stocks took another big hit this morning as the reality of the evaporated State support worked through the system. After losing an astonishing $400bn trying to ward off market forces.
Beijing capitulated to market forces on Monday by choosing not to intervene as the benchmark Shanghai Composite Index fell 8.5 per cent.
China’s stocks plunged, with the benchmark index erasing its gains for the year, as government support measures failed to allay investor concerns that a slowdown in the world’s second-largest economy is deepening.