The change comes after the Hong Kong market watchdog, the Securities and Futures Commission (SFC), threatened to move in on investment banks if they allowed any false information about the companies to float on the exchange. Recent difficulties with companies like KXD Digital Entertainment, which had breached a string of rules including failure to disclose…
In his opening statement to a committee in Congress yesterday, Bernanke said the bleak issues must be dealt with “sooner rather than later.” “We are looking very carefully at the economy, trying to judge whether or not the loss of momentum we’ve seen recently is enduring, and whether or not the economy is likely to…
If you’re looking to get active in the U.S. real estate market — whether as an investment, for a place to vacation or a place to call home — there are many factors to weigh when choosing the right mortgage loan for you. Adjustable or fixed rate? Conventional, FHA loan or another?While selecting the ideal…
The National Bureau of Statistics (NBS) found China’s growth fell to 7.6 percent, down from 8.1 percent in the first quarter. The world’s second-biggest economy has been plagued with a sluggish property market and enervated exports from Europe, its biggest trade partner, as well as a too-heavy reliance on domestic consumption. According to the WSJ,…
Investing is risky business these days. No one is quite sure what to make of the Dow, the S&P500, or the NASDAQ. Forget about European markets. Most people in America are struggling to figure out whether Obamacare will destroy jobs, wreak havoc in the marketplace, and kill their retirement plan. Well, you don’t have to…
The efficient market hypothesis says that no matter what you do, there is no way to beat the passive returns of the stock market. The theory holds that there is no money to be made by actively trading in the market. Less militant versions of this hypothesis simply say that it is so difficult to…
While investment strategies like technical analysis and the efficient market theory sometimes get more hype, the one method that consistently works, and works for very specific, rational and objective reasons, is fundamental analysis.Here’s why fundamental analysis works: the financial markets convert savings into financial assets that can be used to produce more values for themselves…
Chinese authorities have reduced the fuel price by five percent and said the move was made as a result of internationally low crude oil prices and changes in global and regional economic conditions. The prices at the pumps are now at the lowest levels since December 2010. The National Development and Reform Commission (NRDC) said…
The first instalment is part of an emergency €100bn aid initiative agreed in June to inject some much needed funds into the wavering economy and to prevent any further downward spiralling by the banks. EU heavyweights have also decided to give the region an additional year to try and get its budget deficit back in…
One single bank supervisor will report directly to the European Central Bank in order to police the largest and most influential banks in the EU, in the wake of the Libor scandal that rocked UK financial services. There are also plans to outlaw any deliberate manipulation of interest rates, and a review into how Libor…
