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Author Archives: John Lothian

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Lothian is executive chairman and CEO of John J. Lothian & Co. and editor of the John Lothian Newsletter. He publishes MarketsWiki.com, MarketsReformWiki.com, MarketsWikiEducation.com, JohnLothianNews.com and three industry newsletters.

Asia Pacific Financial News from John Lothian News – December 12, 2017 Standard

Lead Stories The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors; Retail investors, mostly in Asia, are pushing the price of bitcoin to new heights By Steven Russolillo in Hong Kong and Eun-Young Jeong in Seoul – WSJ Behind the stunning rise of bitcoin lies a new force in global financial markets: millions of individual Asian investors. https://goo.gl/aYsvDC Bitcoin surge prompts legal bid to remove Mt Gox from bankruptcy; Creditors say 40-fold rise in value means exchange’s assets now dwarf its liabilities Leo Lewis in Tokyo – FT A group of creditors pursuing a potentially vast bitcoin fortune from…

Asia Pacific Financial News from John Lothian News – December 11, 2017 Standard

Lead Stories China’s ethical bonds take it to top spot in green paper league; Country is joint-largest source of issuance, along with France Kate Allen and James Kynge in London – FT Chinese banks are using ethically labelled bonds to refinance existing loans, helping to propel the country to become the world’s biggest issuer of green paper. https://goo.gl/VHPJJr DEUTSCHE BANK: A major financial crisis is almost twice as likely in China as anywhere else in the world Will Martin – Business Insider The probability of a financial crisis starting in China is almost twice as high as in any other…

Asia Pacific Financial News from John Lothian News – December 8, 2017 Standard

Lead Stories From taxis to temples, Alipay’s fast-expanding cashless world; Ant Financial’s empire raises concerns of customer data use by Beijing YUSHO CHO and JOYCE HO, Nikkei HANGZHOU/HONG KONG — To fully understand the changing concept of consumer credit in China, one need look no further than Alipay, the online payment platform operated by e-commerce giant Alibaba Group Holding’s affiliate, Ant Financial Services Group. https://goo.gl/g4SrP9 Automating Asia Pacific’s Liquidity-Sourcing Needs; Firms are on the lookout for the ultimate piece of cutting-edge technology in liquidity that will outshine the competition Ayden Koh – Finance Maganates As the world’s financial products become…

Asia Pacific Financial News from John Lothian News – December 7, 2017 Standard

Lead Stories Coffee Glut Hinges on Whether Top Growers Will Hold Back Sales By Isis Almeida , Mai Ngoc Chau , and Fabiana Batista – Bloomberg Current prices aren’t attractive for growers, ICO’s Sette says; Brazil, Vietnam will need to rebuild stockpiles: RCMA’s Gruber Hoang Thi Thom, a coffee grower in No. 2 producer Vietnam, isn’t keen to sell this year’s harvest. https://goo.gl/QwXo8j Asia to Stay World’s Fastest Growing Region by 2030 Financial Tribune The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is…

Two Powerful Futures Industry Female Leaders Step Down Standard

Kim Taylor of the CME Group and Maureen Downs of RCG have stepped down from prominent positions of power in the futures industry in the last couple of weeks. Downs stepped down as president of RCG, a position she was named to in 2007. She is also vice chairman of the board of directors of the National Futures Association, though her board seat is up in February of 2018. Taylor stepped down as president, global operations, technology and risk at the CME Group. She was named to the position on December 9, 2016 after Terry Duffy ascended to the CEO…

Asia Pacific Financial News from John Lothian News – December 6, 2017 Standard

Lead Stories ASX selects distributed ledger technology to replace CHESS Reuters Staff Australia’s main bourse ASX Ltd on Thursday said it would replace its existing technology used to record shareholdings and manage the clearing and settlement of equity transactions in Australia, with blockchain developed by its technology partner Digital Asset (DA). https://goo.gl/K4CaCG ASX Selects DLT to Replace CHESS – Media Release 7 December 2017 ASX https://goo.gl/by7MVW China’s financial sector opening raises prospect of talent war Sumeet Chatterjee – Reuters In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in…

The Silent Screams of the Bitcoin Shorts Standard

If bitcoin were a standard commodity or securities instrument, headlines would be screaming about how the “shorts” were being squeezed. With bitcoin in a parabolic price rise, some calling it a mania, there are no shorts to scream bloody murder. Many commodities and companies have key constituents who apply political pressure when futures markets are moving so sharply that common sense tells you there is something wrong or unbalanced happening in the market. Sometimes rules are changed or obscure procedures exercised at futures exchanges in order to accommodate an orderly liquidation of positions in cases where the powers that be…

Asia Pacific Financial News from John Lothian – December 5, 2017 Standard

Lead Stories Trump’s Tax Plan Triggers Ire From China to the EU By Mark Deen , Birgit Jennen , and Viktoria Dendrinou – Bloomberg European Union finance ministers to review U.S. legislation Concern that tax cut could violate global trade, tax rules As legislators in Washington work to get the most sweeping rewrite of the U.S. tax code in three decades, regions including the European Union and China are expressing their concern that the bill may not comply with international rules and frustration about the effect it may have on local markets. https://goo.gl/2dx6Ee Tokyo Financial Exchange Takes First Step Toward…

Asia Pacific Financial News from John Lothian News – December 4, 2017 Standard

Lead Stories Asia To Stay World’s Fastest-Growing Region Through 2030; Asia should remain the world’s economic heavyweight for another 10 years. By Anthony Fensom – The Diplomat The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. https://goo.gl/ezD1pP China Likely to Overtake U.S. as Largest Importer Within 5 Years; Shift to a more consumer-focused economy causing the change, CICC researchers say Bloomberg News From iron ore to baby formula,…