The global markets witnessed major crash in August following the China's economy slow down, Yuan devaluation, discouraging manufacturing numbers, etc, Now, the markets are recovering. But, economists, fund managers caution that the party is not over. China may slip in recession in next quarter or six quarters later.
Tags: China
Goldman Sachs leaves rivals far behind in M&A race
Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.
5.6 Million U.S Federal Officers' Fingerprints were Stolen
The Office of Personnel Management today said that some 5.6 million fingerprints were stolen by the hacker and not 1.1 million like it was previously reported. The new data came after the agency had conducted further investigation together with the Department of Defense.
Boeing factory will soon land in China
Plans for setting up a Boeing factory in China has been submitted to the Beijing Government. It was reported Tuesday by the state-run media ahead of President Xi Jinping's U.S. visit, where he will tour one of its plants.
China President calls for punishing cyber hackers
Close on the heels of his US tour, China President Xi Jinping said Chinese government doesn't hack commercial secrets nor it supports Chinese companies engaged in such activity. In an interview with Wall Street Journal (WSJ), Xi Jinping further said that whether governments or companies, whoever involved in cyber theft should be punished according to the law. China and the US are equally concerned about the cybersecurity. Jinping seeks the cooperation from the US to check cyber espionage. The cyber crime will be a major point for discussion during the meeting between Obama and Jinping.
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A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.
The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.
President Barack Obama is hosting his Chinese counterpart, Xi Jinping, for an official state visit next week. A state dinner will be held at the White House on September 25 to welcome Xi, who will be accompanied by his wife Peng Liyuan, a Chinese folk singing superstar.
China faces risks of deflation, as manufacturers' selling prices fall for the 42nd consecutive month in August. The Producer Price Index (PPI) shed 5.9% from a year earlier, much worse than market expectations of a 5.5% decline.
Lenovo, Motorola, and Google are releasing Moto 360 smartwatch in a closed-door country, China. Mobvoi and Sogou will replace Google services in the Android Wear.
While Korea is hurting from a long drop in exports, one industry is booming in shipments and posts double-digit growth. This draws the attention of policymakers seeking for a new way to grow its export.
Milk is overflowing in Europe for a lot of reasons, chief of these is that Russia has stopped the importation of milk while Chinese demand has lessened. There is so much splashing around the European Union that makes milk always less expensive than bottled water. In U.K., a liter of bottled water costs $1.50 while a liter of milk costs only $1. The same is almost true in France. In German supermarkets like Aldi and Lidl, a liter of milk costs only about 55¢ while a liter of bottled water costs around 72¢.
After gaining for a while on government's intervention, offshore Yuan fell for three sessions in a row. The Chinese government seems to be moving back from supporting the weakening currency Yuan and restricting capital outflow.
Amazon Twitch.tv should get ready to face its upcoming tough competitor - China's Panda TV. Panda TV is an e-sports streaming service that will go in a direct competition with Amazon Twitch.tv as revealed this week.
