The Traderszone Network

Forex news for Asia trading Thursday 7 January 2016
Chinese stock market circuit breakers got a work out today with trade halted for 15 minutes after a 5% fall only to close trade for the day completely within seconds of reopening as the index plunged 7%

Trulia study shows that in many cases ‘bargain’ homes aren’t priced any differently.
read more

China accelerated the depreciation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a trade war against its competitors. Trading on China’s stock markets was suspended for the rest of the day, for the second time this week, as a new circuit-breaking mechanism was tripped less than half an hour after the open.

read more

Chief Financial Officer Luca Maestri’s annual compensation rose about 81 percent to $25.3 million in 2015. In fact, Cook was the lowest-paid of the company’s top executives. Cook’s base pay increased about 14.4 percent to $2 million last year, while non-equity incentive compensation rose about 19 percent to $8 million, according to a regulatory filing.

Starboard in a letter to the board of directors implied that Mayer and her officers needed to go, without naming her specifically. “To be successful, dramatically different thinking is required, together with significant changes across all aspects of the business starting at the board level, and including executive leadership,” Starboard CEO Jeffrey Smith said in the letter on Wednesday. Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes at the Internet company since 2014, urging it to separate its Asian assets and auction off the core business.

Goldman Sachs is underweight in markets where stocks markets have greater correlation with Chinese equities – mostly markets in North Asia.

China’s stock regulator said Thursday it will curb major shareholders from selling more than 1% of total shares outstanding within three months, after markets closed early when the circuit-breaker mechanism was triggered for a second day this week.
read more