11 January, 2016 by The TZ Newswire Staff Comments Off on PBOC’s brutal offshore yuan short squeeze – more
PBOC’s brutal offshore yuan short squeeze – more
Reuters with more on the CNH short squeeze that has seen
borrowing rates for overnight offshore yuan soar
China’s offshore yuan implied overnight deposit rate hit a record high of 94 percent in Hong Kong in volatile morning trading on Tuesday
11 January, 2016 by The TZ Newswire Staff Comments Off on The State Of The Nation: A Dictatorship Without Tears
The State Of The Nation: A Dictatorship Without Tears
11 January, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: China stocks recover, Asian markets breathe sigh of relief
The Wall Street Journal: China stocks recover, Asian markets breathe sigh of relief
Most shares in Asia recovered Tuesday, as the Chinese yuan stabilized for the third straight day, though trading remained choppy on the mainland stock market.
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11 January, 2016 by The TZ Newswire Staff Comments Off on China, oil still hanging over Wall Street
China, oil still hanging over Wall Street
Overnight news will likely again be key for stock market action Tuesday, as Wall Street will be watching China for any further weakening in the yuan.
11 January, 2016 by The TZ Newswire Staff Comments Off on Asia stocks wary as China concerns remain, oil drops
Asia stocks wary as China concerns remain, oil drops
HONG KONG/TOKYO (Reuters) – Asian stocks held near four-year lows and crude oil prices approached a 20 percent drop in less than two weeks as investors worried over the extent of China’s economic slowdown and its impact on emerging markets. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.4 percent higher but still stood near a four-year low touched on Monday, and was still down more than 8 percent since the start of 2016.
11 January, 2016 by The TZ Newswire Staff Comments Off on China’s Dalian Wanda buys Hollywood studio Legendary Entertainment for $3.5 billion
China’s Dalian Wanda buys Hollywood studio Legendary Entertainment for $3.5 billion
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China’s richest man steps up a drive to diversify his business empire overseas. Wanda confirmed the deal at a news conference in Beijing on Tuesday, where chairman Wang Jianlin said he plans to package Legendary, producer of hits like “Jurassic World”, with his company’s existing movie production assets in China and sell shares in the merged operation in an initial public offering.
11 January, 2016 by The TZ Newswire Staff Comments Off on Icahn buying up Time Warner shares: sources
Icahn buying up Time Warner shares: sources
Icahn’s intentions when it comes to Time Warner are not yet known, the people said, asking not to be named because the matter was private. Icahn did not respond to a request for comment, but CNBC quoted him as saying that he does not own one share of Time Warner. Time Warner declined to comment.