Alibaba Taps ‘She Power’ In Entrepreneurship
The rapid development of new technology and the widespread use of the Internet will help more Chinese women to become entrepreneurs, a conference packed with famous names was told on Wednesday.
China
Copper and Base Metals Falls On Strong USD and Weak Chinese Data
Copper, along with several of the other principal base metals fell sharply this week as a resurgent US dollar drove many commodities lower, with both gold and silver also selling off strongly. For the base metals market it was Nickel which saw the most dramatic price moves, falling over 5.5% with copper and zinc both falling over 2 %, with tin one of the few commodities closing higher.
Europe Likely To Send Hot Money To China
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon.
China And Asia Said To Lead ETFs
China and Asia are expected to lead the growth of exchange-traded fund markets in the next five years as the ETF markets continue to open amid an improving regulatory environment, a report said yesterday.
China Cuts RRR by 50 Basis Points
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.
Why Are Markets Out Of Synch?
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are there in abundance.
US Calls for DPRK Compensation for Alleged Sony Hacking
The United States on Monday insisted on blaming the Democratic People’s Republic of Korea ( DPRK) for a cyber attack on the U.S.-based Sony Pictures Entertainment, demanding Pyongyang compensate for the damages caused.
Falling Oil Price Benefits Chinese Consumers
Mohit Jayachandran is breathing a sigh of relief. The 30-year-old engineer with Fluor Daniel, a multinational engineering and project management company in Gurgaon, near India’s capital New Delhi, says he will be having a decent end-of-year vacation this time, after a long year.
Brent Continues To Tumble As Economic Data Fails To Support Global Recovery
Brent crude oil (BNO, quote) dipped below $70 on to start the week as the commodity continued to free-fall following OPEC’s decision not to implement a cut. The commodity traded at $68.60 at 8:30 GMT on Monday morning as investors looked to economic data for any indication that the global economy could pick up.
Weibo and WeChat In New Clash Over Users
Sina Weibo has banned users from promoting the country’s most popular messaging app WeChat on its platform as the two Internet giants battle for users.