Chinese developers may have had a stellar 2017 compared with recent years but bond investors are increasingly concerned their windfall won’t be enough to withstand the tighter funding conditions this year that could lead to cash crunches.
Last year saw a broad based improvement in finances for China’s property sector, helped by fast-rising property prices. Profit margins rose....More>>>
Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens.
“Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement Saturday. The digital tokens “are prone to forming asset bubbles and tend to be used as method for money laundering and....More>>>
China’s growing military might is prompting other nations in the region to spend more on weapons.
That trend is in evidence Tuesday at the start of the Singapore Air Show, where a host of countries and companies are showing off their defensive hardware.
Australia is displaying a pair of converted Boeing (BA) airliners that are used for tracking the skies and seas around the....More>>>
Continental (ETR:CON) received a €246.00 ($292.86) price objective from equities researchers at Societe Generale in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 8.27% from the stock’s previous close.
A number of other....More>>>
IMAX China (OTC:IMXCF) (OTC:IXCNY) [HKG:1970], the market leader in theater screening technology in China and the exclusive licensee of the IMAX brand in the country, is currently trading at a discount of more than 30% to its IPO price in 2015, while its forward P/E multiple is at the lower end of where listed peers are trading. The stock’s valuation should experience....More>>>
Four companies are targeting $247 million in the last active week of the 2017 IPO market. LexinFintech (Pending:LX), a Chinese online microloan company, leads the pack with the largest deal of the week. Other IPOs include a life insurer and two small healthcare deals. While it is unusual to see so many IPOs this close to the holidays, we note that LexinFintech is likely pre-sold in China, and the....More>>>
New York, NY, based Investment company Neville Rodie & Shaw Inc buys Oracle Corp, Quanta Services Inc, Flowserve Corp, PowerShares QQQ Trust Series 1, Energy Transfer Partners LP, Rio Tinto PLC, Bank of America Corporation, TransDigm Group Inc, FireEye Inc, Orex Minerals Inc, sells General Electric Co, The WhiteWave Foods Co, BankUnited Inc, National Oilwell Varco Inc, Pioneer Natural Resources....More>>>
To blockchain developers and cryptocurrency watchers, the entire system has a mind of its own and is one step ahead of the market, at least two steps ahead of regulators. It’s lack of physical roots make it nearly impossible to control. China tried. (Shutterstock)
(The original version of this story, published on Oct. 19, said Red Pulse was based in Shanghai and raised $30 million in....More>>>
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
"The project is dead," said a guard at the office, who gave only his surname, Le. Nearby, the tram tracks are paved....More>>>
There is a lot of news in the financial world, but tariffs seem to top the list. While the Trump administration’s new tariffs are all anyone can talk about right now, this is just the beginning of the story. It could end up being significant, or it could become trivial. We won’t know for sure for at least several weeks, until we have a chance to see exactly what the president decides....More>>>