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China’s Warren Buffett Guo Guangchang is MIA
Capital Markets
First they came for China’s Carl Icahn, but I did not say anything because I was not China’s Carl Icahn…. Yet another wealthy tycoon has disappeared in China this week. This time the missing party is Guo Guangchang, often referred to as China’s Warren Buffett in the financial media because of his $7 billion insurance empire. According to a report
Daily Scan: Stocks rise; CT restricts gun sales
Capital Markets
Updated throughout the day December 10, 2015 U.S. stocks rose Thursday, breaking a string of three-day losses, with the Dow adding 0.5%. S&P 500 up 0.6%, and the Nasdaq gaining 0.4%. The S&P 500's energy company index gained 0.6% Thursday, but is down more than 21% this year. Software development tools maker Atlassian's stock opened up 32% at $27.67 after pricing
Daily Scan: Asia hunkers down ahead of the Fed; European shares track lower
Capital Markets
  Updated throughout the day December 10, 2015 With the Federal Reserve’s policy meeting drawing near, investors across Asia seemed to have switched to full-on defense mode on Thursday, dragging Hong Kong’s Hang Seng Index down 0.45%, China’s Shanghai Composite down 0.49%, and Japan’s Nikkei Average down 1.32%. H-Shares and the STI also received a battering, though the Shenzhen Composite
1998 and all that if renminbi dives
Capital Markets
The U.S. Fed's easy money bias, despite a pending rate rise next week, is not the biggest threat to the world economy, argues Ambrose Evans-Pritchard in the Telegraph. (paywall) Instead, it's China letting its currency slide to support its beleaguered exporters. The greater risk for the world over coming months is that China stops trying to hold the line against devaluation,
Mining shares plunge
Capital Markets
It was a day of reckoning for mining shares on Tuesday. London-listed miners were left reeling after £4.7 billion [$7.1 billion] was wiped off their value on Tuesday, as the global commodities price rout intensified and hammered the industry, reports the Telegraph. The FTSE 350 mining index crashed to its lowest level in 11 years – down 7.1pc to 6,964.07
Daily Scan: Stocks drop as rout in oil extends to fourth day; Fiat to pay $70M fine
Capital Markets
Updated throughout the day December 9, 2015 Commodities continued to decline Wednesday, and the stock market reflected the fears of investors. The Dow Jones Industrials lost 0.4%; the S&P 500 fell 0.8%, and the Nasdaq tumbled 1.5%. The Mortgage Bankers Association reported mortgage applications rose 1.2% week-over-week; the numbers were adjusted for the shortened Thanksgiving week. U.S. wholesale inventories dropped 0.1%
Daily Scan: Nasdaq sinks; Senate approves No Child Left Behind overhaul
Capital Markets
Updated throughout the day December 9, 2015 The Nasdaq fell 0.9% by midday Wednesday after concerns over the Chinese economy coupled with a renewed rout in resource shares sent stocks across Asia and Europe tumbling. The Dow was relatively unmoved, and the S&P 500 dropped almost 0.4%. The Mortgage Bankers Association reported mortgage applications rose 1.2% week-over-week; the numbers were
HKEx regains IPO crown
Capital Markets
The Hong Kong stock exchange had a good year for IPOs, but it was less clever for investors who stumped up the cash to buy them. The Wall Street Journal reports that: Seventy companies had listed in Hong Kong, one of Asia’s biggest equity markets, raising $29.4 billion by Dec. 2, according to Dealogic data. (paywall) That was enough  for HKEx to
Daily Scan: Energy shares rebound; Hong Kong regains IPO crown
Capital Markets
Updated throughout the day December 3, 2015 A rebound in energy shares helped Japan and Singapore out of their ruts Thursday, but Hong Kong – after a solid afternoon effort – seemed to have collapsed under the weight of Yellen’s hawkish remarks. The Hang Seng Index finished the day down 0.28%, while the Shanghai Composite – buoyed once again by
Barclays boosts target on Amazon from $700 to $850
Capital Markets
Amazon.com, Inc. (NASDAQ: AMZN) shares have surged 114 percent year-to-date, climbing from below $287 in January to crossing the $600 mark on October 26. Barclays’ Paul Vogel maintained an Overweight rating on the company, while raising the price target from $700 to $850. Although Amazon’s shares have appreciated significantly, this has been driven by strong fundamentals, which are expected to