Chinese trade data for October came in below expectations as weak demand continued to weigh on the world’s second-largest economy. Exports contracted by 7.3% on year, while imports fell 1.4%, resulting in a trade surplus […]
China’s yuan, weakened by a surge in capital flight, approached a six-year low against the US dollar Tuesday. The government is tightening measures to limit capital outflow, including restrictions on using bitcoin to transfer money […]
China’s Finance Ministry has directly rejected any “implicit support” for the debt obligations of entities with regional government relationships. The ministry said the debt of enterprises, including financing vehicles, owed to local governments “is not […]
The pending launch of the Shenzhen-Hong Kong Stock Connect has the China Securities Regulatory Commission increasing scrutiny of possible cross-border market manipulation, including a crackdown on high-leveraged structured products, multiple foreign accounts and abuse of […]
Progress on the second review of Greece’s bailout is “showing signs of being extremely positive,” said Pierre Moscovici, chief of economic affairs at the European Commission. A broad agreement could be reached by year-end, he […]
Stock markets worldwide jumped Monday as expectations rose that Hillary Clinton will be elected president of the US on Tuesday. Markets are bracing for volatility as investors grapple with what the outcome of the election […]
Facebook (NASDAQ:FB) is testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn’s (NYSE:LNKD) recruiting business. What’s still unclear is if Facebook plans […]
HSBC Holdings reported $843 million in pretax profit for the third quarter, an 86% drop from the same period the previous year. The sale of the bank’s Brazilian operation resulted in a $1.7 billion loss […]
CEO Evan Spiegel and co-founder and CTO Bobby Murphy will control 74% after it goes public. For comparison purposes, after their IPOs, Google’s Page and Brin controlled 41% of the company, while Zuck controlled 56% […]
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