Anbang Insurance Group, whose chairman was detained in June, on Tuesday denied a report that it had been told by regulators in China to sell its overseas assets. Bloomberg reported on Monday that Anbang, best-known overseas for the record-breaking purchase of the Waldorf Astoria hotel in New York, was told to make the disposals and […]

With the Reserve Bank of Australia expected to keep its benchmark rate unchanged on Tuesday, market watchers turned their attention to possible comments the central bank may make about the local currency. The Australian dollar climbed from $0.76 to above $0.80 over the last month, partly due to the weakness in the greenback. “With mining […]

The abrupt dismissal of White House communications director Anthony Scaramucci less than two weeks after his appointment may be linked to the outspoken financier’s China dealings. The firing has been widely attributed to Scaramucci’s verbal tirade to a reporter in addition to orders from new chief of staff John F. Kelly. But there’s a third […]

China is set to see another set of Purchasing Manager’s Index readings on Tuesday as Caixin and IHS Markit announce indicators amid concerns about slowing growth in the world’s second-largest economy. In June, the Caixin manufacturing PMI came in at 50.4, up from May’s 49.6, which was an 11-month low. Levels above 50 signal an […]

As the leader of the world’s third-largest economy battles an acute crisis of confidence, questions over his future and his namesake economic program loom large. Public backlash over suspected cronyism on the part of Japanese Prime Minister Shinzo Abe has pushed support for the 62 year-old to under 30 percent — his lowest level ever. […]

Greater political uncertainty stateside after another high profile personnel change Monday and China Caixin manufacturing PMI due later in the session are expected to be in focus during the Asian trading day. Anthony Scaramucci was fired by President Donald Trump just 10 days after he was tapped to be White House communications director. The dismissal, […]

Malaysia’s AirAsia is planning to unify its Southeast Asian businesses while growth appears to be on the horizon, but regulatory hurdles remain. The budget airline is looking to park its business in Malaysia under one umbrella, according to a report from Malaysian bank CIMB. Currently, AirAsia has units in Malaysia, Indonesia, the Philippines and Thailand, […]

Goldman Sachs Group Inc hired China-focused banker Bill Chu to its investment banking team in the country, betting on increased activity as companies in the world’s second-largest economy gear up for a resumption of overseas deals. Based in Beijing, Chu will be a managing director in the China Investment Banking Services (IBS) team, according to […]

Chinese billionaire Guo Guangchang is defending his company Fosun’s multi-billion dollar shopping spree abroad — as it buys yet another foreign firm — amid greater government scrutiny on massive overseas deals. Fosun “has always done two things: First, it has developed at an appropriate pace while reducing debt and improving its financial strength,” Guo wrote […]

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 […]