Hong Kong scrambles for talent in battle for Nasdaq’s biotech crown
When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered. Hong Kong was an obvious financing center for a growing number of Chinese companies...
A shift away from stocks and into safe haven trades could burn investors, PNC warns
PNC Financial’s Jeffrey Mills has a message for investors: Resist the urge to play it safe. The firm’s top investment strategist is concerned jitters are driving investors into less profitable or worse — losing — areas of the market. “Folks...
A veteran investor changes his tune on tech stocks, saying fundamentals are ‘as good as I’ve seen’
A veteran investor is lifting his call for investors to lighten up on tech stock exposure. Paul Meeks, who’s known for running the world’s largest technology fund during the Dotcom boom, said recently the relative fundamentals of the group is...
China eases restrictions on foreign ownership of securities ventures
China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in...
Dollar and Yield Reached Critical Junctures after Strong Rally, Determining Events ahead
Dollar was given a powerful boost last week on a couple of factors. Firstly, 10 year yield extended recent bull run and hit 3% level for the first time since 2014. Secondly, Euro was sold off steeply after the confusing...
Chinese telecom giants Huawei and ZTE face market pressures amid US scrutiny
U.S. pressure on Chinese telecom equipment giants Huawei and ZTE is causing immediate challenges for the companies in financial markets. This week, Huawei abruptly called off a planned sale of 500 million euros ($606 million) in five-year debt despite high...
February’s sell-off saw investors yank the most money from US stocks in a decade
Investors pulled the most money out of U.S. stocks in February since the early days of the financial crisis. Outflows from U.S. equity mutual funds and exchange-traded funds totaled $41.3 billion in February, according to the Investment Company Institute. That’s...
A strong economy and big boost in profits still can’t make investors happy
First-quarter indicators showed that while the economy has yet to roar due to all the recent fiscal stimulus, it’s at least starting to purr. Friday’s GDP report, for one, painted a somewhat positive picture. The 2.3 percent growth rate may...
Charter plummets nearly 12% on big subscriber losses, drags cable stocks down
Shares of Charter Communications tumbled 11.7 percent on Friday after the company reported a bigger-than-expected loss of video subscribers for the previous quarter. The company reported a loss of 122,000 video subscribers for the first quarter. Analysts polled by StreetAccount...
Protests grip South Africa as introduction of minimum income dubbed ‘poverty wage’ is delayed
Disagreement over a proposed minimum wage in South Africa has led to mass protests and reassurances from the presidency this week. President Cyril Ramaphosa met with officials from the labor ministry on Thurday, following protests the previous day that mobilized...
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