Tag Archives: China

The European Union is an “empire that is hugely bureaucratic,” warns Marc Faber, telling CNBC that he thinks that “a Brexit would be bullish for global economic growth,” because “it would give other countries incentive to leave the badly organized EU.” The Gloom, Boom & Doom-er explained that Brexit is a risk Britain should be willing to take, and that it would not be a disaster, “on the contrary, it would be the...

In the long run, as someone once said, we are all dead, but in the meantime, as BofAML’s Michael Hartnett provides a stunning tour de force of the last 5000 years illustrates long-run trends in the return, volatility, valuation & ownership of financial assets, interest rates & bond yields, economic growth, inflation & debt… The Longest Pictures reveals the astonishing history investors are living through...

Paper, gunpowder, the compass – China has a history of disruption that extends back thousands of years. In the digital age, however, the Middle Kingdom’s technology startups gained a reputation for quickly copying their Western peers, rather than coming up with their own world-changing ideas. All that is changing, though, and in 2016, innovation itself is increasingly being “Made in China”. China’s Internet giants are coming up with ingenious homegrown products, services, and business models,...

The headline data out of China hasn’t exactly been comforting of late. The country is grappling with the challenges of slowing GDP growth, rising debt levels, and volatile stock markets, to name just a few. But if the macroeconomic statistics seem bleak, the picture is brighter among the country’s entrepreneurial class. The quality of Chinese innovation is increasing, the funding environment is improving, particularly for early-stage companies, and the Chinese government is doing everything...

Where others see irritating problems, entrepreneurs see opportunities. Hear Credit Suisse Head of China Research Vincent Chan discuss how Chinese entrepreneurs have turned inefficiencies in commerce and finance to their advantage and what their efforts mean for the future of digital innovation in China.  

Didi Chuxing is the most successful ride-sharing company in China and recently got a vote of confidence in the form of a $1 billion investment from Apple. Hear what Didi’s Vice President of Strategy Stephen Zhu had to say at the Credit Suisse 2016 Asian Investment Conference about the state of Chinese entrepreneurship, the uniqueness of the sharing economy in China, and the biggest challenges faced by Chinese startups.  

China has long been the world’s factory, but the country’s entrepreneurs are increasingly focused on catering to the needs and wants of the Chinese people themselves. Hear Michelle Leung, founder and CEO of Xingtai Capital Management, discuss how the country’s growing middle class will shape consumption and entrepreneurship over the next decade.  

With the dismal jobs reports,  speculators had to buy euro to cover their shorts (mostly against USD, but also against CHF). This led to a rising EUR/CHF on Friday. Today fundamental rules were valid again: In times of slow growth, the Swiss franc appreciates. Hence EUR/CHF was down by 49 bips. After the shellacking it took after the shockingly poor jobs data, the US dollar has only managed a shallow recovery...

Major Bourses on Course to End Month Sharply Higher (WSJ) Brent crude lower on strong Middle East oil output (Reuters) Treasuries Lose Their Lead Over Shares as Fed Moves Toward Shift (BBG) Lost Decade for Value Stocks Tests Faithful Who Say End is Nigh (BBG) Iraqi army pause at southern edge of Falluja as IS fights back (Reuters) Risky Reprise of Debt Binge Stars U.S. Companies Not Consumers (BBG) The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret (BBG) Nuns With Guns: The...

After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe. Treasuries retreated in the first full day of trading since Yellen said late Friday that the improving...