The Shanghai index quickly recovered from large volatility moves earlier in July, and the trend strength has continued as the index achieved upside targets near 3,265. The trend strength is defined by the long-term group of average in the Guppy Multiple Moving Average Indicator. The recent volatility proved the strength of the uptrend as shown […]
Read moreAndy Murray was one of 40,000 customers who committed to invest over £17 million ($22.3 million) in Revolut, the financial technology (fintech) company announced Monday. The firm raised $66 million in venture capital investment in a Series B round just over two weeks ago, led by international venture capital firm Index Ventures. Revolut opened that […]
Read moreWarring factions within factions, conflicting back-channeling, intense media scrutiny, questionable foreign influences and a capricious leader whose jarring moves leave everyone in a state of perpetual uncertainly. The Trump administration, right? Well, yes, but also Uber, as it nears its much anticipated decision on who will be its next CEO. And, according to sources, that […]
Read moreBeijing appeared to have doubled down on its crackdown of the internet in China, with news emerging that over the weekend, Apple pulled several virtual private network (VPN) services from the local version of the App store. Multiple VPN service providers, affected by the decision, slammed the move online, calling it a “dangerous precedent” set […]
Read moreCurrency, United States Finance
Investors await news of HSBC buyback plan when bank announces second-quarter results
HSBC, Europe’s largest bank, was widely expected to announce that it will buy back its own shares at between $1.5 billion to $4 billion in the second half of 2017, market watchers said. The bank had disappointed markets with just a $1 billion share buyback plan in the first six months of the year, after […]
Read moreWashington has no clear options to peacefully rein in an aggressive Pyongyang, political analysts said following the rogue state’s second intercontinental ballistic missile test in a month. That stalemate that could heighten the chance of risky military action. Aside from President Donald Trump’s Twitter tirade at China, Washington has so far responded to Friday’s launch […]
Read moreCurrency, United States Finance
Mysterious craters blowing out of Russia could mean trouble for the whole planet
In northern Siberia, rising temperatures are causing mysterious giant craters — and even more dire consequences could be in store, say climate scientists. The Russian province’s long-frozen ground, called permafrost, is thawing, triggering massive changes to the region’s landscape and ecology. It could even threaten human lives. “The last time we saw a permafrost melting […]
Read moreBarely a month after approving the inclusion of Chinese shares in its benchmark emerging market index, MSCI is warning that companies in China that suspend trading in their shares for too long risk being dropped. MSCI’s head of research for Asia Pacific, Chin Ping Chia, said China was an outlier in global markets with too […]
Read moreSeveral high profile Chinese firms may be on the receiving end of government scrutiny over their overseas acquisitions, but the authorities are not cracking down on foreign investments, a Beijing-backed think tanker said. “The Chinese government is not discouraging overseas investment. It’s just that the government has started regulating overseas investment,” Cao Wenlian, director general […]
Read moreChina is set to report its official manufacturing Purchasing Managers’ Index for the month of July on Monday. Economists were expecting that PMI number to come in a 51.6 for July, just slightly slower from June’s 51.7 reading, according to a poll by Reuters. Levels above 50 indicate expansion, while levels below signal contraction. Earier […]
Read more