Riots to Riches: China's Wild Market Swings
After nearly 25 years of turbulent action that has elated and infuriated investors, China’s stock markets remain much as they were when they opened in 1990. Beijing calls the shots.
Athens Is Lifting Stock-Trading Halt
Trading in Greek stocks will resume Monday on the Athex exchange, ending a more than monthlong closure during which the country struggled to avoid an exit from the eurozone.
European Stocks Fall
Major indexes fall on disappointing U.S. data but markets set for major gains in July.
China Shares Suffer Worst Month in Nearly Six Years
China’s shares suffered their worst month in nearly six years this July, revealing not only receding confidence in Beijing’s ability to stem the selling, but also the reach of China’s troubles into other markets.
In China Stocks, Late Jolts Are the New Normal
Anyone trading Chinese shares shouldn’t take a long lunch. That is the lesson from the Shanghai market’s behavior in recent days, as margin calls and moves linked to government buying shake up trading.
Bets Rise That China's Yuan Will Fall
Bets are rising that China’s currency is headed lower with its stock market, a signal of waning investor confidence in the country’s ability to manage its economic slowdown and market turmoil.
Russia Cuts Interest Rates Again
The Bank of Russia cut interest rates for the fifth time this year, citing economic risks, but declined to commit on further monetary easing.
Mitsubishi UFJ Joins Crusade on Cross-Shareholding
Mitsubishi UFJ Financial Group, Japan’s largest bank by assets, said it may sell billions of dollars of stock it owns in allied companies as the government puts pressure on cross-shareholding.
Asia's Tech Startups Shrug Off Chinese Market Turmoil
China’s stock-market turmoil has delivered a wake-up call to Asia’s tech startups, even as investor enthusiasm appears to remain strong for a wave of new companies coming up from the fast-growing region.
Singapore Sovereign-Wealth Fund Expects Lower Returns
Singapore’s sovereign-wealth fund warns that it expects lower returns over the next five to 10 years because of the stalled global economy.
Wanted in China: Public Face to Calm Turbulent Markets
Wanted in China: a reassuring face to tell panicking investors that everything will be all right.
Behind China Market's Latest Collapse: a Government Retreat
In its scramble to prop up the stock market in recent weeks, Beijing has focused on state-owned titans such as PetroChina. Its big drop this week is seen as a sign of at least temporary surrender.
China Stocks Plunge as Beijing's Bid to Buoy Market Falters
Chinese shares fell 8.5% on Monday, their biggest one-day percentage drop in over eight years, calling into question the effectiveness of Beijing’s recent efforts to prop up the market.
China's Yuan Pushes Deeper Into Global Financial System
The Chinese yuan is about join the U.S. dollar, the euro, the British pound and Japan’s yen to be used as collateral at the London Metal Exchange.
Xueda Education to Delist From NYSE in $350 Million Deal
Chinese state-owned investment firm Tsinghua Unigroup’s buyout offer for Xueda Education suggests some Chinese companies still see opportunity despite the market rout.
Chinese Firm Plans $5 Billion Fund for Overseas Tech Acquisitions
The GSR Ventures’ fund will target deals to acquire companies in technology, Internet and biotechnology industries for which the Chinese market is key to growth prospects, sources said.
Can All Chinese Debt Be Rated Top Quality?
The discrepancy between bullish ratings by Chinese firms on local bonds versus much lower ratings by the major global bond-rating companies is becoming an increasing concern.
Unlucky Emerging Markets Don't Get Lift From Weak Currency
The bright side of a currency decline is supposed to be rising exports. But in key emerging markets around the world, that isn’t happening.
Insurer AIA's New-Business Value Rises 21%
AIA Group’s new-business value, a key measure of insurers’ profitability, rose 21% during the first six months of the year, driven by demand in China and Hong Kong.
Greece, Creditors Plan to Launch Bailout Talks
Greece and its creditors got ready to open talks to complete a bailout deal after Athens passed a required set of austerity measures, but the negotiations must still clear numerous hurdles.
Emerging-Markets Retreat Hits Aberdeen
As investors, spooked by the possible impact of a Fed rate rise, retreat from emerging markets, Aberdeen asset management, seen as a bellwether for investments in the developing world, is feeling the pinch.
Brazil's Caixa Plans to Hold IPO for Insurance Unit
Brazil’s state-owned lender Caixa Economica Federal plans to hold an initial public offering for its insurance subsidiary by the end of this year, as part of an effort to help the government improve its fiscal situation.
Japan Investors Use China Market Rout as a Chance to Buy
Some Japanese investors have used the recent market rout in China as a buying opportunity, reasoning that growth opportunities there make battered Chinese equities worth acquiring.
Giant Fund Flips View on China: Steer Clear
The world’s biggest hedge fund has turned on the world’s fastest-growing economy. Bridgewater Associates, one of Wall Street’s more outspoken bulls on China, says the country’s recent stock-market rout will likely have broad, far-reaching repercussions.
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