Markets


China tycoon appears at event after disappearance, announcement he is assisting probe China tycoon appears at event after disappearance, announcement he is assisting probe
- December 16, 2015

Fosun president Wang Qunbin said the investigation mostly concerned Mr Guo's personal affairs rather than those of the company. It cited what it said were messages on social media that Guo was last seen with police at an airport in Shanghai. (more...)
Billionaire back in public spotlight Billionaire back in public spotlight
- December 15, 2015

Shanghai Ganglian E-Commerce Holdings and Shanghai Fosun Pharmaceutical slumped 8.9 per cent and 5.9 per cent, respectively. The Hong Kong stock market has finished lower now in eight consecutive trading days, plummeting more than 1,150 points or 5 percent in that span. (more...)
Fosun chairman returns home after assisting with investigation Fosun chairman returns home after assisting with investigation
- December 15, 2015

It gave no further details but said Guo, the group's controlling shareholder, would continue to take part in running the company "via appropriate means". Several of China's top executives have temporarily gone missing this year, in the wake of Beijing's crackdown on its financial sector. Ratings agency Standard & Poor's said Guo's involvement in the probe had yet to affect Fosun's credit rating and outlook, but an "extended investigation" could negatively have an impact on the firm's access ... (more...)
Billionaire head of China's Fosun re-emerges after 'disappearance' Billionaire head of China's Fosun re-emerges after 'disappearance'
- December 15, 2015

In mainland China, the share price of five listed companies in which Fosun Group holds majority stakes also fell on Monday. The newspaper China Business News and other outlets said Guo Guangchang, chairman of the Fosun conglomerate that owns France's Club Med, spoke Monday at the previously scheduled Fosun event. (more...)
Adele announces her North American tour; 3 Texas cities on list
- December 15, 2015

The tour will kick off in St. Paul, Minnesota, of all places, on July 5th and conclude in Mexico City on November 15th. Adele recently announced her slew of North American tour dates for 2016. Tickets for Adele's upcoming North American tour will go on sale on Thursday, Dec. 17 at 10 a.m. local time through her official website . It is the only album to sell over 3 million copies in one week and the only album to sell over a million copies in two separate weeks, according to a ... (more...)
Fosun's billionaire chairman Guo Guangchang back at work Fosun's billionaire chairman Guo Guangchang back at work
- December 15, 2015

Fosun, which also has a 5 per cent stake in holiday firm Thomas Cook, later said Guo was assisting officials with an investigation, but it did not say whether he was the one being investigated. Guo's sudden absence, and the lack of detailed information that the company has given about his status, underlines the opaqueness of China's legal system. (more...)
Yahoo Shareholder Wants CEO Marissa Mayer Ousted, Her Traces Erased Yahoo Shareholder Wants CEO Marissa Mayer Ousted, Her Traces Erased
- December 15, 2015

NY hedge fund SpringOwl Asset Management, which holds a small, unspecified stake in Yahoo , presented the company with a lengthy turnaround plan that called for Mayer's ouster and suggested reviving the company's old logo in a signal that her era "is now over". (more...)
Fosun says founder assisting authorities with investigation Fosun says founder assisting authorities with investigation
- December 15, 2015

Shares of Fosun International and its controlled companies were suspended in Hong Kong and mainland on Friday after it was confirmed Guo as helping a judiciary investigation. Ai was "suspected of severe violations of party discipline", the Central Commission for Discipline Inspection said on its website last month, using language that often refers to corruption probes. (more...)
Fed revs up for historic lift in interest rates Fed revs up for historic lift in interest rates
- December 15, 2015

Given the historic significance of the decision and the current economic environment, the Fed will go out of their way to ensure that the market realizes that they will normalize monetary policy gradually in the coming year. The Fed now thinks that corresponds to an unemployment rate of just under 5 percent, but neither the central bank nor anyone else really knows. As the US Federal Reserve meets Tuesday to revise short-term interest rate, the heads of central banks the world over are ... (more...)
Fosun CEO says Chairman Guo investigation mostly about his personal affairs Fosun CEO says Chairman Guo investigation mostly about his personal affairs
- December 15, 2015

The company issued a statement later that day saying Guo was "currently assisting in certain investigations carried out by mainland judiciary authorities ". Ai's wife was reportedly investigated on suspicion of manipulating the stock market. Fosun Group's interest is diversified, ranging from media and insurance to real estate and retail. (more...)
Donald Trump and Ted Cruz Lead National GOP Field
- December 15, 2015

If Cruz says no, the Donald says, what is Sen. Trump told Chris Wallace on " Fox News Sunday " that Cruz does not have the "right temperament " to be president. The poll is likely an unwelcome shock to the GOP establishment, who have started hatching behind-closed-doors plans to derail Trump's campaign. We're leading in every poll - no, every poll - except [in] Iowa there was one poll: "Monmouth", Trump said. (more...)
Fed poised for rate hike, then what? Fed poised for rate hike, then what?
- December 15, 2015

New Jersey GOP Governor Chris Christie, who is barely registering in the polls, told supporters at a campaign stop in New Hampshire that the Fed should increase interest rates. They don't have that at their disposal right now with interest rates near zero percent, so they need to raise interest rates a few times so they have something to work with when we have our next economic slowdown. (more...)
Most Investors Say Raising In Interest Rates Won't Hurt Personal Finances Most Investors Say Raising In Interest Rates Won't Hurt Personal Finances
- December 15, 2015

In this, FED liftoff series, we will be discussing over the impact, implications and various possibilities of a first rate hike from FED in about a decade. Her colleague, New York Fed Chair William Dudley, has supported this idea by noting the path of rate hikes will be "shallow". So the investors took their money to emerging markets, which promised higher interest rates and, thus, better returns. (more...)
Yahoo facing more pressure from frustrated shareholders Yahoo facing more pressure from frustrated shareholders
- December 15, 2015

SpringOwl says its plan - which also includes focusing on what it says are Yahoo's strengths, such as finance and sports - could "create an extra $30/share in value above a Starboard sell it now outcome". With cost cutting and improvements to profitability, he predicts it could eventually be acquired for more than $24 billion. If we've said it once, we've said it too many times, Marissa Mayer is not having a great time running things over at Yahoo ( YHOO ). (more...)
China tycoon appears at event after disappearance
- December 15, 2015

And Fosun said that Mr Guo would still be able to take part in major company decisions through appropriate means, although it declined to elaborate. The company, which runs an array of businesses ranging from insurance to pharmaceuticals, later clarified that Guo was assisting China's judicial authorities with an unspecified investigation. (more...)
What a Fed rate hike means for you What a Fed rate hike means for you
- December 15, 2015

OCBC Bank economist Wellian Wiranto said Asia might soon have to grapple with "a potential new reality of scarcer liquidity, higher rates and a stronger dollar in the post-lift-off world, which would continue to make the operating environment that much tougher". (more...)
Oil dives again as IEA sees larger glut
- December 14, 2015

Brent crude futures for January, the global benchmark, fell US$1.80 (4.5 per cent) to US$37.93 a barrel in London , a level last seen amid the 2008 global financial crisis. The tactic appears to be working. The previous forecast from OPEC, which pumps around a third of the world s crude, was for a drop of 130,000 barrels per day for countries outside the 13-country group. (more...)
Rate Hike Possibilities Causing Jitteriness till the Final Announcement Rate Hike Possibilities Causing Jitteriness till the Final Announcement
- December 14, 2015

If you're thinking about selling your bonds before they mature, higher interest rates will work against you. But "there's a whole path of rates for the next couple years". Then, the sector rallied 1.7 percent on August 26 after New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling". (more...)
Walmart is taking on Apple by launching its own payment service
- December 13, 2015

Wal-Mart Pay is launching Thursday in a few stores in Bentonville, Ark., where the retailer is headquartered, and will be expanded to all 4,600 USA stores by summer, the company said. Walmart is one of the biggest supporters of the upcoming CurrentC payments platform, which has forced many retailers to opt out of Apple Pay until only recently. (more...)
Dow And DuPont in Late-Stage Merger Talks
- December 13, 2015

Such a plan would enable each entity to find synergies before being broken up to emerge later as more focused businesses. "Roughly, the past year and a half we've had $4.5 trillion in mergers or acquisitions of companies and this will be one of the biggest and one of the strongest if it takes place", Nash said. (more...)