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Category Archives: Banks, Brokers & Managed Funds

The latest from banks, brokers, hedge funds and managed futures

Asia Pacific Financial News from John Lothian New – November 17, 2017 Standard

Lead Stories Asia’s Cities Could Save the Planet; New urbanites need greener buildings to live and work in By The Editors – Bloomberg The world’s cities will add 2.5 billion more residents by 2050, more than half of them in Asia. The effect of this great migration on climate change will depend in part on what kind of homes, factories and office buildings they live and work in. https://goo.gl/rDffcJ China’s Central Bank Turns on the Taps, Stemming Slump in Bonds Bloomberg News Authorities may have judged selloff as too quick: StanChart; Sovereign debt yield, benchmark money rate both decline China’s…

Asia Pacific Financial News from John Lothian News – November 16, 2017 Standard

Lead Stories CQG Announces Strategic Leadership Changes to Support CQG China Launch; Rod Giffen Named President, CQG APAC; Ryan Moroney Appointed President, CQG Europe and the Americas CQG CQG has had a focused effort to add China to its global network of data and execution. With the imminent launch of this initiative, the firm announced today that Rod Giffen, President, CQG, has relocated to China and will serve in the newly created position of President, CQG APAC. Ryan Moroney will return to CQG to assume the new role of President, CQG Europe and the Americas. https://goo.gl/5S9bfV Mainland China’s Investors Favor…

Asia Pacific Financial News from John Lothian News – November 15, 2017 Standard

Lead Stories Shares Plummet as Investors Lose Faith in Asia’s Top Stock By Jeanny Yu – Bloomberg Semiconductor Manufacturing plunges most since February 2014; Stock had almost doubled since beginning of September Investor confidence in top stock Semiconductor Manufacturing International Corp. is starting to turn, with the shares plummeting 15 percent in the wake of disappointing earnings. https://goo.gl/doj5Nq One of Asia’s largest banks says bitcoin is ‘a ponzi scheme’; David Gledhill, group chief information officer at DBS, one of Asia’s largest banks, said he believes bitcoin is a ponzi scheme Nyshka Chandran – CNBC One of Asia’s largest banks is…

Asia Pacific Financial News from John Lothian News – November 14, 2017 Standard

Lead Stories A Chicago trading firm is setting up shop in Singapore to dominate the bitcoin market in Asia Frank Chaparro – Business Insider DRW, the Chicago-based trading firm, is expanding its bitcoin trading operations into Asia; The firm told Business Insider it sees a huge opportunity in Asia for over-the-counter trading; The Asian-outpost will be based in Singapore, but will serve all of Asia and enable the firm to operate as global, around-the-clock, business DRW, a Chicago-based firm, is looking to set up a bitcoin trading desk in Singapore to dominate the cryptocurrency market in Asia. https://goo.gl/ybhPL4 Five ways…

Asia Pacific Financial News from John Lothian News – November 13, 2017 Standard

Lead Stories Iron wars break out as Hong Kong picks fight with Singapore Bloomberg Call it the iron ore wars. Two of Asia’s financial heavyweights are going head-to-head as Hong Kong Exchanges & Clearing starts futures for a commodity that’s seen extraordinary volatility and been a popular way to bet on China, challenging Singapore Exchange’s leading position. https://goo.gl/hkpBcL Lagarde Sees Confidence in China’s Plan to Open Financial System By Michael Heath and Haslinda Amin – Bloomberg IMF chief says China is taking action to rein in credit growth; Globalization, technology benefits ‘must flow to all’: Lagarde China’s plan to ease…

Asia Pacific Financial News Standard

Lead Stories Xi, Trump Offer Dueling Visions of Globalization at Asia Forum Peter Martin, Jennifer Jacobs and Justin Sink – Bloomberg The two leaders speak in back-to-back addresses in Vietnam; Trump says play by the rules, Xi says get on the China train Chinese President Xi Jinping and U.S. President Donald Trump laid down starkly contrasting visions for Asia’s future Friday, with Xi pledging a new era of globalization propelled by his nation’s economic might as Trump offered America’s largess only to those who play by his rules. https://goo.gl/79PXdD China’s Path Toward Opening Up its Financial System Bloomberg News Since…

Asia Pacific Financial News from John Lothian News – November 9, 2017 Standard

Lead Stories China approves interbank bond derivatives trade for overseas investors Reuters Staff China’s central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country’s interbank market. https://goo.gl/CFXzx8 2 Chinese investors drop out of bid for Chicago Stock Exchange Nereida Moreno – Chicago Tribune Two of the three China-based bidders for the Chicago Stock Exchange have withdrawn from a group trying to acquire the market, officials said Wednesday. https://goo.gl/pE3kpk Former Bitcoin King Is Bankrupt—And He Could Get Rich Again; Rise in cryptocurrency’s price means former CEO of exchange could be in for…

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

Lead Stories Trump Hunts for Trade Deals in Asia No trophies so far, as North Korea and other issues dominate the first stage of the president’s journey. By Peter Coy , Enda Curran , and Justin Sink – Bloomberg Donald Trump’s withdrawal from the 12-nation Trans-Pacific Partnership has put the U.S. in a difficult position when it comes to Asian commerce. That was apparent in early November when the president embarked on a tour of East Asia that took him to Japan, South Korea, and China, with further stops planned in Vietnam and the Philippines. Trump was greeted with pomp,…

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

Lead Stories As Nikkei Hits Highest Since 1992, Some Say Party Has Just Begun By Min Jeong Lee – Bloomberg Blue-chip stock gauge rose for 16 days in record-beating rally; Abe election, earnings, foreign buyers seen propelling gains It’s pick-a-number time for Japanese stock bulls after the Nikkei 225 Stock Average zoomed past 22,666.80 on Tuesday to close at the highest since 1992. https://goo.gl/VZqgoz Hong Kong Traders Get Vertigo as Stocks Whipsaw to Decade-High By Richard Frost – Bloomberg Hong Kong’s Hang Seng Index is back on top, but jitters are building. The city’s stock traders may be forgiven for…