Search Results for: hong kong

Hong Kong protests escalate as police use force

Protests Hong Kong

Hong Kong police have fired repeated volleys of tear gas to disperse pro-democracy protests and baton-charged the crowd blocking a key road in the government district after official warnings against illegal demonstrations. Student groups are spearheading a civil disobedience campaign along with democracy activists to pressure Beijing into granting full …

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China opens up $4.2 trillion stock market

Chinese stock exchange Hong Kong

The Chinese mainland is now open for business, at least in terms of its $4.2 trillion capital market. The Shanghai and Hong Kong stock exchanges are now linked giving foreign investors access to the tightly-controlled Chinese capital markets. Stock Connect debuted on November 17, and for the first time, stocks …

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China becomes world’s second largest stock market, overtaking Japan

China stock market

The capitalization of the Chinese stock market increased 33 percent in 2014 reaching $4.48 trillion, which makes the market second only to the US. Japan’s stock market declined 3.2 percent to $4.46 trillion in 2013, according to Bloomberg analysts. The Chinese market surge came hot on the heels of allowing …

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7th top level banker ‘commits suicide’

JP Morgan Hong Kong

Yet another banker has committed suicide, with a JP Morgan forex trader leaping to his death from the top of the firm’s Chater House headquarters in Hong Kong. Over the past few weeks at least seven bankers have died under mysterious circumstances, including another JP Morgan senior manager who jumped …

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British banker goes ‘American Psycho’ in Hong Kong

Rurik Jutting psycho

The excesses of 1980s New York investment banking as captured best (and with just a dose of hyperbole) by Bret Easton Ellis’s American Psycho may be long gone in the US, but they certainly are alive and well in other banking meccas, such as the one place where every financier …

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Ecuador has received asylum request from NSA whistleblower Snowden

Ecuador

Two cars of the embassy of Ecuador in Moscow are parked outside the terminal where Edward Snowden, the former contractor for the U.S. National Security Agency, is believed to have landed in Moscow’s Sheremetyevo airport, June 23, 2013. The former CIA contractor, Edward Snowden, has asked Ecuador for political asylum, …

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Rich list: 80 people with more money than 1/2 of humanity

Super rich elite yacht

Since the “financial repression,” the most powerful people have only gotten more powerful. A 2013 Oxfam report found that 80 people had as much wealth as 1/2 of humanity, and a few months later Forbes said the number had dropped to 67. Many of us asked who exactly these people are, …

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Snowden seeks asylum in Iceland

Icelandic flag

Iceland has been informally contacted by an intermediary who stated that NSA leaker, former CIA contractor Edward Snowden, wants asylum in the Nordic island-state, Reuters reports. The difficulty though is that he is not in the country. WikiLeaks spokesman Kristinn Hrafnsson wrote in Icelandic daily Frettabladid that a middleman had …

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China imports over 2,000 tons of gold in last two years

China has just one thing to say to all those who engage in the now daily slamdowns of gold just around the time of the London fixing, after 8 am Eastern, which lately have gotten so vicious they have resulted in “stop logic” market halts not on one but at least two occasions, …

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9th top level banker found dead within weeks

Dead men tell no tales

The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what …

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Dollar collapse: 7 of 10 Asian countries turn to yuan

USD Dollar Yuan money

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or …

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China’s stock market is about to collapse

China stock market crash

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly: Today marked the fourth largest decline of the Shanghai Composite in two decades. We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long …

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Fake Goldman Sachs bank found in China

Goldman Sachs China

Famous for making fake iPhones, Louis Vuitton bags and Rolex watches, China managed to surprise the world once again. A Goldman Sachs (Shenzhen) Financial Leasing Company was found operating in the country without any connection to the US investment giant. “We don’t have any connection with the US Goldman Sachs, …

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China and Russia launching new credit rating agency in 2015

The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody’s, S&P and Fitch, and its first rating will be issued this year. The setting up of UCRG is in its final stages, ready to challenge the ‘Big Three’ that currently dominate the industry, …

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Open letter to the World Gold Council – Billionaire Eric Sprott

eric sprott

Dear World Gold Council Executives; As you very well know, the business environment for gold producers has been extremely challenging over the past few years. While demand for physical gold remains extremely strong, prices on the COMEX have fallen precipitously. This contradictory situation is the single most important obstacle to …

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