Markets

It’s all going dark again in the gambling capital of the world

Wynn Resorts this week forecast doom for revenues in the gambling capital of the world, Macau. Some on Wall Street say the casino giant is being overly conservative, but economic indicators on mainland China tell a different story. We know that China’s economy is slowing dramatically, and one of the […]
It’s all going dark again in the gambling capital of the world
Markets

Chinese iron ore stock piles just got bigger

The mounting heaps of iron ore in Chinese ports just got bigger. The world’s second-largest economy and biggest steel producer had a record 136.6 million tonnes of iron ore across 46 ports on May 26, increasing by 600,000 tonnes or 0.44% from the previous week, according to a survey by […]
Chinese iron ore stock piles just got bigger
Markets

Chinese industrial production slowed noticeably in April

Chinese industrial output and urban fixed asset investment both undershot expectations in April, continuing the trend that has seen fears over the Chinese economy flare in recent weeks. According to China’s National Bureau of Statistics (NBS), industrial output rose by 6.5% from a year earlier, below the 7.6% increase seen […]
Chinese industrial production slowed noticeably in April
Markets

CHART: The jaw-dropping growth in Chinese car sales

In advanced economies, new cars tend to be replacing old ones on the road. In China and other emerging nations, however, new cars tend to be additional cars on the road. So it’s an important source of growth in global oil demand. Check this out: Big numbers. Michael Tran, Helima […]
CHART: The jaw-dropping growth in Chinese car sales
Markets

Why the iron ore rally is unlikely to last

Iron ore, after a terrible 2015, has enjoyed a strong start to 2016 compared to most commodity markets. According to Metal Bulletin, the price for benchmark 62% fines currently sits at $45.73 a tonne, leaving the year-to-date gain at 5%. From its all time record low of $38.30 a tonne […]
Why the iron ore rally is unlikely to last
Markets

CHINESE YUAN FIX WEAKENS AGAIN

Moments ago the People’s Bank of China (PBOC) announced its Tuesday fixing level for the yuan – and it’s weaker again. The USD/CNY rate was set at 6.5169, higher than Monday’s fix of 6.5032 but below yesterday’s closing level of 6.5338. Trade in the currency will resume shortly at 12.30pm […]
CHINESE YUAN FIX WEAKENS AGAIN
US

Why Chinese executives keep disappearing

VIDEO: Since China's President Xi Jinping launched a massive anti-corruption campaign last year, several Chinese power players have disappeared, from hedge fund managers to CEOs.
Why Chinese executives keep disappearing