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Category Archives: Investing & Trading

Today’s top stories from fixed income, currencies and commodities (FICC)

Asia Pacific Financial News from John Lothian News – September 18, 2017 Standard

Lead Stories Superpower India to Replace China as Growth Engine; India’s economy has youth on its side. By Michael Heath – Bloomberg India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte LLP. https://goo.gl/scvDUF Can Asia weather the next global financial crisis? BY TAKEHIRO MASUTOMO Ten years since the Great Recession and 20 since the Asian Contagion, now is an appropriate time to reflect on past financial crises – and ask whether East Asia is ready to deal with the next one. https://goo.gl/wPmWb3…

Asia Pacific Financial News from John Lothian News Standard

Lead Stories China Bans Brokerage CEOs From Time Off, Trips Amid Congress Bloomberg News CSRC is said to give order before party congress on Oct. 18; Policy makers want to ensure stable markets for the gathering As China’s most important political event in years draws nearer, regulators have made it clear to the nation’s top financiers that they don’t want to see any major turbulence in markets. https://goo.gl/GKdWSJ Chindia Needs One More Thing From Apple; The new iPhones are too expensive for many emerging-market consumers. By Tim Culpan – Bloomberg Apple Inc.’s long-awaited release of three new iPhone models has…

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

Lead Stories Asia and the threat to global economic security Editorial Board, East Asia Forum The slow and uneven economic recovery from the global financial crisis has been a primary driver of the populist anti-globalisation backlash in the United States and parts of Europe. One consequence was the election of Donald Trump. Another was the divorce of the United Kingdom from the European Union. The election of President Trump has introduced huge global uncertainty into international economic policy at a time of major changes in the global balance of power, when stability and certainty are at a premium. https://goo.gl/SnZuXs Fee…

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

Lead Stories Bitcoin tumbles on report China to shutter digital currency exchanges‍​ Gertrude Chavez-Dreyfuss, Angela Moon Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. https://goo.gl/siFwm8 Bitcoin Falls After Report Claims China Orders Exchanges to Shut By Matthew Leising and Lulu Yilun Chen – Bloomberg Chinese markets Huobi and Okcoin say no order received; China earlier this week outlawed initial coin offerings Bitcoin fell as much as 7.3 percent in the U.S. after a report claimed Chinese…

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

Lead Stories ICO trade legal but must be licensed, says SFC Joyce Chen and Samantha Wong – The Standard.com Trading in initial coin offerings is allowed but operators must acquire verified licenses, said Hong Kong financial regulators after the Securities and Futures Commission announced measures to govern cryptocurrency deals on Tuesday. https://goo.gl/SsJBuZ London remains top international financial centre ISBF.org.uk The city scored higher than 56 other international financial centres and continues to be a leading financial centre after topping the list in 2016. Other international financial centres that scored highly on the list included New York, which kept its second…

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

Lead Stories Why a Chinese bid to buy Chicago Stock Exchange stirs security fears By Renae Merle in New – Washington Post In its heyday, the Chicago Stock Exchange helped introduce big-name American companies such as Marriott and IBM to investors. Now the 135-year-old Midwest institution could do the same for Chinese companies, after it agreed to sell itself to a group of investors led by Chongqing Casin Enterprise Group. https://goo.gl/d9ha2V China regulators target ‘systemic risk’ from money-market funds; New regulations could force Ant Financial’s $22bn money fund to lower yields Gabriel Wildau in Shanghai – FT China will impose…

The Patent World Standard

We’re back in court today. On Friday, Nasdaq filed suit against Miami International Holdings, the parent company of MIAX, the youngest of the U.S. options exchange groups. Nasdaq announced it had filed suit for patent infringement and theft of secret information by MIAX, which has hired a number of former Nasdaq and International Securities Exchange professionals. According to Bloomberg, the Nasdaq suit claims that “MIAX instead relied on or piggybacked off of the Nasdaq trade secrets and other technical know-how acquired by former Nasdaq employees during their tenure at Nasdaq.” Nasdaq is asking the court to force MIAX to stop…

Asia Pacific Financial News from John Lothian News – September 1, 2017 Standard

Lead Stories China: ICOs ‘disrupt social and economic order’, says regulator By Tech Wire Asia CHINESE authorities are looking to impose strict regulations on a new form of crowdfunding with digital currencies, known as initial coin offerings (ICOs), after a national government Internet finance organization said that the new form of launches was causing undue harm, if not outright fraud. https://goo.gl/FZ6gFD Sanctions against a big Chinese bank may be best way to rein in North Korea; Trump’s tough military talk did move China to tamp down North Korea, but this wasn’t enough; It’s time to pair military power and presence…

Asia Pacific Financial News from John Lothian News – August 31, 2017 Standard

Lead Stories Markets Are About to Find Out What China’s Leadership Reshuffle Means Bloomberg News Twice-a-decade meeting, leadership reshuffle set for Oct. 18; Personnel moves and work report key for China market-watchers For most of the year, there’s been an oft-repeated refrain among China-watchers. Whispered in private meetings with clients or loudly spoken by confident brokers, it goes something like this: “Don’t worry about the economy or markets in 2017 — Beijing won’t let anything bad happen ahead of the Communist Party Congress.” https://goo.gl/A1NvSA India Financial Hub Slowly Recovers From Worst Deluge Since 2005 By Anto Antony and Ameya Karve…