20 September, 2015 by The TZ Newswire Staff Comments Off on MNI China Business sentiment for September index down 8.4%
MNI China Business sentiment for September index down 8.4%
Down 8.4% … Are you thinking to your self “Is that ALL?”
😀
– Down 8.4% in September to 51.3, from 56.0 in August
Via MNI commentary:
20 September, 2015 by The TZ Newswire Staff Comments Off on Asian shares slump on global growth concerns, U.S. selloff
Asian shares slump on global growth concerns, U.S. selloff
Asian shares tumbled on Monday after the U.S. Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2 percent, with Australia (AXJO) down 2.4 percent and South Korea (.KS11) off 1.7 percent. Japan was closed for a long holiday.
20 September, 2015 by The TZ Newswire Staff Comments Off on Chinese firms show resilience in third quarter: private survey
Chinese firms show resilience in third quarter: private survey
Profit margins at Chinese firms improved in the third quarter while loan demand remained weak, a private survey showed , with the overall results suggesting the stock market crash would have minimal impact on the broader economy. The quarterly survey of over 2,100 businesses by China Beige Book International (CBB) showed continued robust growth in the service sector but persistent weakness in manufacturing.
20 September, 2015 by The TZ Newswire Staff Comments Off on Barrick says strong interest in U.S. gold asset sale
Barrick says strong interest in U.S. gold asset sale
The interest has been largely from North American-based miners, Barrick President Kelvin Dushnisky said. Denver-based Newmont Mining Corp (NEM.N) and Toronto-based Kinross Gold Corp (K.TO) are likely buyers of the assets, an investment banking source said, speaking on condition of anonymity. As part of its plan to cut at least $3 billion in debt this year, Barrick, the world’s biggest gold producer, last month said it would sell six of its U.S. gold mines and projects: Bald Mountain, Round Mountain, Spring Valley, Ruby Hill, Hilltop and Golden Sunlight assets.
20 September, 2015 by The TZ Newswire Staff Comments Off on Guest Post: Safe Assets In A World Gone Mad
Guest Post: Safe Assets In A World Gone Mad
Submitted by Ton Chatham via Project Chesapeake,
Gold and silver are good assets to hold to insure the preservation of EXCESS wealth but there are other assets that are even more valuable longterm. Those things that can be used to produce a product are the elements that can be used to leverage your time, resources and talents to produce wealth. The ability to produce excess is the basis of the need for wealth preservation.
20 September, 2015 by The TZ Newswire Staff Comments Off on China stock market opening indications-Shanghai Composite to open down 0.8%
China stock market opening indications-Shanghai Composite to open down 0.8%
Chinese stockmarkets set to open at 0130GMT
– Shanghai Composite to open down 0.8%
– CSI300 index to open down 0.9%
Bit late with these today ….
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Just a reminder, Japanese markets are closed today (and Tuesday & Wednesday)
20 September, 2015 by The TZ Newswire Staff Comments Off on Global Stocks, EM FX Extend Losses Despite China Saying "No Collapse Is Nigh"
Global Stocks, EM FX Extend Losses Despite China Saying "No Collapse Is Nigh"
US equity futures have retraced the late-day ramp from Friday with Dow down around 65pts. Asia is opening weaker (NKY -900 from Thursday highs) with EM FX appearing not to get the “but we didn’t hike” message from The Fed with MYR the worst hit for now (after a few days of strength). EM outflows accelerated according to Morgan Stanley, down 6% AUM in 12 weeks.