The Traderszone Network

China’s stocks have tumbled since the start of 2016 but they are still not attractive, according to Goldman Sachs Private Wealth Management.

Hedge fund Elliott Management Corp. has increased its stake in Alcoa Inc.

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The cash was a gift and there was no need for Prime Minister Najib Razak to explain what it was for, Malaysia’s attorney general said.

JPMorgan Chase & Co (JPM.N) will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank’s September 2008 collapse. The settlement was made public on Monday, and requires approval by U.S. Bankruptcy Judge Shelley Chapman in Manhattan. It resolves the bulk of an $8.6 billion lawsuit accusing JPMorgan of exploiting its leverage as Lehman’s main “clearing” bank to siphon billions of dollars of collateral just before Lehman went bankrupt on Sept.

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MNI with a heads up for a piece from Xinhua News Agency
Reporting on comments from Li Xinchuang, head of  China Metallurgical Industry Planning and Research Institute:

Comments from New Zealand Prime Minister John Key crossing the Bloomberg
– Growing the New Zealand economy is main priority for 2016
– Government will keep a tight leash on spending
While these comments aren’t particularly controversial or noteworthy, what is perhaps most interesting about them is their timing.

Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s decision on Thursday.