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 Video: Gary Cohn on China
George Soros may have had some pretty disconcerting words about China’s transitioning economy but Gary Cohn, president and chief operating officer of Goldman Sachs, seems to think that Beijing has a pretty decent handle on it. Here’s his take: Photo: Xianyi Shen
Matthews Asia: surviving China’s volatility
Capital Markets
Surviving China’s Volatility by Andy Rothman, Matthews Asia “The most important thing to recognize is that Chinese equity markets do not reflect the health of the Chinese economy” Christine Lagarde, Managing Director of the International Monetary Fund was once quoted as saying, “Markets love volatility.” She may be correct in the abstract. But right now, investors in Chinese equities would
Weekend Scan: US, UK post first weekly gains for the year; Brent caps the week 10.9% higher
Capital Markets
Updated throughout the day January 23, 2016 2:00 p.m. HKT It may have started on the back foot, but week three of year 2016 sure turned out to be a good one. Wall Street and the City posted their first weekly gains for the year, while Tokyo chalked up its 19th best showing in over four decades. Hong Kong and
Video: Gary Cohn on oil, volatility, and how worried he is
With supplies mounting and the OPEC fracas escalating, oil price volatility has practically taken center stage at the World Economic Forum in Davos the past few days. Here’s Goldman Sachs president Gary Cohn’s take on it, from its odd effect on the markets, to what could be done to lessen it. Plus a few other things.
Debt in emerging markets at all time highs: GMO
Capital Markets
Debt In Emerging Markets At All Time Highs by Uday Tharar, GMO Emerging Markets Team – via Harvest Have collected data and calculated debt levels of major emerging market economies. Calculating corporate debt is slightly tricky as there is no standard reporting for that. So the numbers might not exactly match what you see in news articles or media. Have
Daily Scan: US stocks have first positive week of the year
Capital Markets
Updated throughout the day January 22, 2016 4:15 p.m. ET/January 23, 2016 5:15 a.m. HKT Cold, wind, and snow won't get Wall Street down this weekend. U.S. stocks closed their first positive week of the year. U.S. housing data for December added additional hope. Home resales bounced back 14.7% from a 19-month low. Sales were up 6.5% last year, the
Daily Scan: Stocks climb across the globe; Nikkei posts 19th-sharpest climb on record
Capital Markets
Updated throughout the day January 22, 2016 5:00 p.m. HKT/ 4:00 a.m. ET Asian shares capped the week on a high note Friday, largely thanks to uber-dovish comments from ECB President Mario Draghi and reports that the Bank of Japan is considering an expansion of its already-gargantuan monetary easing measures. Hong Kong’s Hang Seng Index finished the day up a solid
China's richest entrepreneur travels like a rock star, talks like a capitalist,
Capital Markets
Wang Jianlin made his rock-star entrance in the middle of a cavalcade, flanked by hard-faced bodyguards. He'd kept the crowded room in Hong Kong's Convention Centre waiting, sending a warm-up entourage of avuncular Dalian Wanda executives and pretty women ahead to smile and pose for photographers. But, Wang can pull off the prima donna act. He is China's richest individual and chairman of one of
People Moves Asia: Goldman Sachs trader moves to HSBC; Barclays shutters Asia cash equities business
Capital Markets
HSBC bags Goldman Sachs FX trader. London-based currency trader Jonathan Powell has reportedly moved to HSBC Asia. He joins the British firm from Goldman Sachs, where he spent the past three years as an FX-options trader. Prior to Goldman, Powell was an EM FX trader from Barclays, and was notably among the Dresdner Kleinwort 104 – the group of ex-Dresdner
Big pay rise for Dimon -- but with strings
Capital Markets
Amid the gloom, JPMorgan sees an optimistic future for some operations. The bank added 1,240 staff to its asset management division last year, a 6% increase to 20,975, reports the Financial Times. (paywall) The increase contrasted sharply with hiring practices elsewhere at the bank. JPMorgan’s headcount fell 3 per cent to 241,359 over the year, with a 10,000 drop in the number