Hanergy Chairman Lost $14 Billion in One Day
On the day Li Hejun lost roughly US$14 billion, he was skipping his company’s annual meeting to attend what it said was a clean-energy exhibition in Beijing.
European Stocks Down on Greek Debt Fears
European stocks ended lower, weighed down by concerns about the state of Greece’s finances and political instability in Spain.
China Shares Reach Seven-Year High
China’s stocks rallied for a fourth day in a row to their strongest level in seven years, while Japan’s red-hot market advanced as the nation’s central bank kept its policy on hold.
Greece and Creditors Struggle for Elusive Deal
The looming prospect that Athens won’t be able to meet IMF debts due in mid-June is spurring dire scenarios—but little progress at the table.
Euro, Sterling Tumble Against Dollar
The euro and the British pound tumbled against the dollar, after data showed that U.S. consumer prices rose for the third straight month in April.
Hong Kong, China to Liberalize Cross-Border Fund Transactions
Regulators signed a deal that could potentially allow billions of dollars of cross-border investments in stocks and bonds.
Brazil Plans $22 Billion in Budget Cuts
The Brazilian government on Friday unveiled budget cuts it says are meant to meet fiscal austerity goals while continuing essential investments.
Hong Kong Tops Listing Venue After Huatai's $4.5 Billion IPO
Huatai Securities has raised $4.5 billion after pricing its IPO at the top end of an indicative range, making Hong Kong the No. 1 listing venue this year.
ABN Amro Going Private Again
ABN Amro Group looks set to be returned to private hands, nearly seven years after the Dutch lender was nationalized at the height of the financial crisis.
S&P Raises Outlook on Netherlands
S&P raised its outlook on the Netherlands to positive from stable, citing a broadening economic recovery.
ECB Signals Resolve on QE
Minutes from the ECB’s latest meeting show it is firmly resolved to carry out quantitative easing at least until September 2016.
Goldin Financial Follows Hanergy Downward
Goldin Financial, a provider of short-term corporate financing, fell 43% in Hong Kong, a day after solar company Hanergy’s similar drop.
China's Huatai Close to Raising $4.5 Billion in IPO
Huatai Securities, China’s No. 4 brokerage, is likely to price its Hong Kong IPO at the top end of an indicative range, which would make it the second-largest listing in the world this year.
Ukraine Bondholders Must Consider Haircuts, Says Blackrock Executive
An executive at BlackRock, one of the largest holders of Ukrainian government debt, said bondholders negotiating the country’s debt restructuring should consider taking losses on their investments.
Focus Media to List in China
The Chinese outdoor display advertising company that delisted in the U.S. two years ago will float on China’s A-share market through a reverse merger.
Here Comes the Yuan
Investors are going to be pouring money into China in the years to come, increasing demand for the Chinese currency—which will have long-term impacts.
Skies Darken for China's Solar Industry as Hanergy Plunges 47%
The woes of China’s solar industry deepened as one major panel maker lost nearly half its market capitalization and another said it may have to close down.
Emerging-Market Cocos Don't Tempt Pimco
Pimco, a major buyer of contingent convertible bonds, is avoiding those from emerging-market lenders, despite higher returns.
Shanghai Plans Startup Market
The Shanghai Stock Exchange is on track to launch a new market for small, innovative companies that will challenge the successful Nasdaq-style startup board in Shenzhen.
As Chinese Stocks Rise, Beijing Wins
The biggest beneficiary of China’s stock-market rally has been the government.
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