An Historic Day In China Equities Today
An historical day in China and Hong Kong as trading link program was initiated today between the two countries that allow investors to trade on both exchanges.
Breaking News
China’s PMI – Lowest is 5 Months
HSBC China (FXI, quote) manufacturing purchasing managers’ index (PMI) post no surprises from its earlier flash report of 50.4 for the month of October, a slight improvement over September’s 50.2 results.
HSBC Flash China Manufacturing Purchasing Managers’ Hits 18 Month High
Overnight the HSBC Flash China Manufacturing Purchasing Managers’ Index hits 18 month high. The survey indicates high demand for manufacturing domestically as well as internationally.
Bank of China – BOC Denies Violations of Capital Rules
Bank of China Ltd has denied media reports alleging it violated the nation’s capital controls by providing services that help clients convert unlimited amounts of yuan into other currencies and transfer those funds abroad.
China’s inflation grows 2.3% in June
The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
China’s Twitter abuzz with Microsoft’s chat robot
Microsoft’s chat robot Xiaobing has been officially brought back to the public on the platform of Sina Weibo, the China’s twitter (TWTR, quote) on Wednesday.
Apple supplier to make bigger iPhones July in China
Apple Inc’s suppliers will begin producing larger versions of the iPhone in China (FXI, quote) next month, Bloomberg reported citing sources.
In the World of Philanthropy
Jack Ma, founder of Alibaba and Microsoft (MSFT, quote) founder, Bill Gates reportedly met in China Beijing yesterday to discuss philanthropy efforts.
Medical device maker Medtronic to buy Covidien for $42.9 bln
US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said. The deal, announced late Sunday, would allow Medtronic to take advantage of Ireland’s lower business tax rates — 12.5 percent versus…
Inside Buy At Target
As Target (TGT, quote) continues to defend itself over the one the larger hacks for consumer data and the perceived delay in reporting the hack we find an insider, Roxanne Austin purchasing 10,000 shares on June 2 bringing her total share count to 21,971 shares. Reports indicate the value of the shares is $567,000