The Traderszone Network

Within minutes of launching its latest Kickstarter phenomenon, it was a foregone conclusion that smartwatch maker Pebble was going to set new records.

China’s Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the AIIB.

Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China’s push for a more sustainable, higher-quality expansion. Chinese leaders have announced an economic growth target of around 7 percent for this year, below the 7.5 percent goal in 2014 and the slowest rate in a quarter-century. Analysts anticipate further interest rate cuts in China this year.

U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins. Offshore institutional investor demand for the 50 percent stake in Australia’s biggest refiner was strong, with bidding driving the final price to A$35 a share, a spokeswoman for Goldman Sachs, the sole underwriter for the deal, confirmed on Saturday.

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U.S. Treasury Secretary Jack Lew will press Chinese officials to adopt a more market-determined exchange rate policy, Treasury officials said Friday.

U.S. Treasury Secretary Jack Lew will press Chinese officials to adopt a more market-determined exchange rate policy, Treasury officials said Friday.

We can do a lot better, but America is still a very resilient place, says Larry Kudlow.