Rising corporate bond defaults a serious concern for China’s bond market
Jun 21, 2016 11:17 am UTC| Commentary
In 2016, Chinas 10-year government bond yield rose 13 basis points to 2.95 percent through Monday. This was the only rise amongst similar-maturity sovereign debt in the 15 biggest economies globally. Chinas bonds have been...
CSRC to curtail speculation on shell companies
Jun 21, 2016 11:15 am UTC| Commentary
The China Securities Regulatory Commission (CSRC) is set to undertake actions in order to curtail speculation on shell companies set off by China concept stocks returning to the A-share market. The rules are likely to make...
CICC cuts China’s 2016 growth outlook on weak recovery in global growth
Jun 21, 2016 11:13 am UTC| Commentary Economy
China International Capital Corp (CICC), one of Chinas leading investment banking firms, cut its projection for the countrys 2016 economic growth to 6.7 percent from its earlier forecast of 6.9 percent. According CICC,...
Briferendum Series: Latest polls and supports give wings to pound
Jun 21, 2016 11:04 am UTC| Commentary
After the killing of British Labour party MP Jo Cox, sentiment has taken a major turn towards stay according to the polls released since and supports have poured in from Europe this week favoring the stay in the European...
European banks suffer setback in Q1 2016, still posit no disaster
Jun 21, 2016 11:02 am UTC| Economy Commentary
European banks suffered a setback during the first quarter of this year, as capital revenues continued to be hit by concerns about global economic growth and banks own business models. However, cost cutting amid decline in...
Briferendum Series: Beckham against Brexit
Jun 21, 2016 10:26 am UTC| Commentary Sports
Former football superstar and captain of England, David Beckham backed the Remain camp today to the delight of the remaineers. Beckham is the UKs most prominent and popular football star, who still followed by many. In...
Eurozone bonds plunge as Brexit anxiety wanes
Jun 21, 2016 10:08 am UTC| Commentary
The Eurozone government bonds plunged on Tuesday as the recent polls showed Brexit fears among investors started to fade, boosting risk sentiments. The benchmark German 10-year bonds yield, which moves inversely to its...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects