Xiaomi vindicates HK dual class decision – but at a cost
Lei Jun, co-founder of Xiaomi May brought welcome news for Hong Kong. Xiaomi, one of the world’s most successful smartphone manufacturers and China’s closest answer to Apple, will conduct its IPO on the city’s exchange, potentially raising about $10 billion....
Yen Surges Broadly Risk Appetite Fades, GBPJPY on Shaky Ground ahead of UK CPI
Yen surges broadly today and is trading as the strongest one, followed by Swiss Franc. On the other hand, Canadian, Australian and New Zealand Dollar are under heavy selling pressure. The boost from optimism in China-US trade talk faded quickly...
Investors should ‘absolutely’ own mainland China assets: Bank Julius Baer
Jitters over U.S.-China trade tensions might have spooked markets earlier this year, but that doesn’t mean investors should shy away from mainland Chinese assets, Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC on Wednesday. “I think...
Public sector assets saw a record $2.5 trillion surge in value last year
A global economic upswing helped the value of assets at central banks, sovereign funds and public pension funds hit $38.7 trillion in 2017, according to new research by London-based think tank OMFIF. That was a 7 percent rise of $2.5...
In loosening bank regulation, GOP House closes a loophole linked to Puerto Rico’s financial crisis
U.S. lawmakers closed a long-standing legal loophole that helped spark a financial crisis in Puerto Rico that has decimated the savings of thousands of residents. Tucked inside legislation that passed the House of Representatives Tuesday night — a larger bill...
40 percent of adults can’t cover a $400 emergency expense, Fed survey shows
Even with most Americans feeling more financially secure than they did five years ago, many are struggling to set aside any type of savings. About 40 percent of adults said that if faced with a $400 unexpected expense, they would...
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