The Traderszone Network

It’s been a big turn-around day for the Nikkei led by Chinese losses
From the lows of 17057 posted a short while ago the index has tried to climb back above 17110 giving USDJPY a lift back above 117.80.

Uber Technologies Inc’s [UBER.UL] chief executive Travis Kalanick said on Friday the ride-hailing firm’s China unit was valued at more than $8 billion after its latest fundraising round, over $1 billion more than before the effort. Uber China’s recently-closed Series B fundraising brought in “well over $1 billion”, Kalanick told reporters in the Chinese capital. A spokeswoman for Uber said the series had raised over $1.2 billion but declined to confirm an exact figure.

Haier beat other foreign corporate bidders vying to buy GE’s Louisville, Kentucky-based business, the WSJ said. GE could not be immediately reached for comment outside regular business hours. In December last year, GE walked away from a $3.3 billion agreement to sell its appliances business to Sweden’s Electrolux AB (ELUXb.ST), after months of opposition from U.S. antitrust regulators.

Amidst a withdrawal freeze and the filing of a class action lawsuit in federal court, Cryptsy has announced that it is insolvent.

Not a good day at the office again for Chinese equities
Yesterday’s 1.97% gain on the Shanghai Composite Index has been reversed and been heading lower for most of today’s session

Investors often overlook this key trading expense.

How the world reacted to Japan’s economic malaise could offer clues to the global impact China’s slowdown has, a senior economist reckons.