10 November, 2015 by The TZ Newswire Staff Comments Off on Billionaire Chinese trader buys Modigliani for $170M
Billionaire Chinese trader buys Modigliani for $170M
Billionaire Chinese investor Liu Yiqian paid $170.4M for an Amedeo Modigliani nude at a Christie’s auction in NY, the FT reports.
10 November, 2015 by The TZ Newswire Staff Comments Off on More on the Reuters Tankan – fears Japan is in a recession
More on the Reuters Tankan – fears Japan is in a recession
The Reuters Tankan report earlier today did paint a grim picture
Reuters with a recap:
– Confidence among Japanese manufacturers fell in November to lowest in about 2-1/2 years
10 November, 2015 by The TZ Newswire Staff Comments Off on China’s ‘Nasdaq’ Rises For 6th Straight Day As Commodities, Freight Index Collapse
China’s ‘Nasdaq’ Rises For 6th Straight Day As Commodities, Freight Index Collapse
The PBOC weakened the Yuan fix for the 7th straight day – the longest such streak of ‘devaluation’ since 2012 – which appears to have helped fuel yet another day of gains for China’s most-levered Shenzhen and ChiNext stock indices (even though the USDollar is losing altitude against Asian FX). At the break we note that the lower beta CSI-300 and Shanghai Composite are diverging lower.
10 November, 2015 by The TZ Newswire Staff Comments Off on China’s ‘too big to fail’ banks face $400B capital call
China’s ‘too big to fail’ banks face $400B capital call
China’s four biggest banks may be forced to raise up to $400B to meet new capital rules, which could pressure them to slow lending.
10 November, 2015 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: Bout of USD weakness across the board in Asia
ForexLive Asia FX news wrap: Bout of USD weakness across the board in Asia
Forex news for Asia trading Wednesday 11 November 2015
The session kicked off with the regular tuesday afternoon API oil inventory data from the US, showing a far above expectations build in stocks (inventory), sending oil prices lower. The retrace of the fall has so far been shallow.
10 November, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Republican candidates battle over economic policy
The Wall Street Journal: Republican candidates battle over economic policy
Republican presidential contenders staked out sharp distinctions among themselves Tuesday on immigration and with the likely Democratic nominee on economic policy.
10 November, 2015 by The TZ Newswire Staff Comments Off on S&P’s Sheard: Almost certain the Federal Reserve will raise rates in December
S&P’s Sheard: Almost certain the Federal Reserve will raise rates in December
Comments from S&P’s Paul Sheard, chief global economist
– Japan is limping out of a self-induced recession, it was avoidable
– There are sings the BOJ’s policy is working
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