China Net capital Q1 inflows ‘positive’
China (FXI, quote) had net capital inflows throughout the first quarter, although the surplus narrowed each month during the period, according to the State Administration of Foreign Exchange.
Breaking News
Tesla To Power Up Across China, Says Musk
Tesla Motors Inc hopes to launch a nationwide charging and service network for its electric vehicles by as early as 2015, CEO Elon Musk said in Beijing on Monday.
Wal-Mart to shut down its outlet in Hangzhou
Wal-Mart Stores Inc (WMT, quote) , the world’s largest retailer by revenue, plans to shut down another underperforming store－in Hangzhou, Zhejiang province－in late April, while a compensation dispute with employees from an inland store that closed in March remains unsolved.
Protecting Against High Frequency Trading (HFT)
Good Morning Readers…we wanted to address several questions that we have been receiving concerning High Frequency Trading otherwise known as HFT.
FBI Opens Investigation Into High Frequency Trading
According to reports on Bloomberg the FBI has open an investigation into high frequency trading over information abuse.
Facebook Buys Oculus for $2 Billion
Facebook’s (FB, quote) buying spree continues after yesterday’s announcement Facebook will be buying virtual-reality headset company Oculus VR Inc.
HSBC China’s preliminary manufacturing PMI sinks
China’s manufacturing activity contracted for the third month in a row in March, hitting an eight-month low, according to HSBC’s preliminary purchasing managers’ index (PMI) released on Monday.
Breaking News- ADP Payroll Report Out
The United States reports 139,000 private-sector jobs in February.
Breaking News – Citi Bank Discovers Fraud in Mexico Unit
Citi Bank (C, quote) discovers fraud in Mexico unit resulting in the company cutting its 2013 earnings by $235 million
Breaking News – Blackberry
BlackBerry (BBRY, quote) is abandoning plans to sell itself and will replace CEO Thorsten Heins.
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