All Posts > Content under Asia/Pacific
China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed
Article By:
Tyler Durden
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Friday, February 28, 2014 7:57 AM EDT
And just like that the Chinese yuan devaluation has shifted away from the merely "orderly."
Supermajors Balk At Canadian LNG Profit Tax
Article By:
OilPrice
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Friday, February 28, 2014 5:21 AM EDT
Oil and gas companies hoping to win big on Canada’s nascent liquefied natural gas (LNG) export industry are balking at a new gas tax proposed for British Columbia that is great for the province but tough on the industry wallet.
In this article: CVX, PTR, XOM, A036460.KS, MMTOY
One Idea How To Generate 5.8 Million Jobs
Article By:
Tyler Durden
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Friday, February 28, 2014 3:52 AM EDT
According to the Economic Policy Institute, a Washington think tank supported by organized labor, the answer to generating up to 6 million more jobs is as simple as ending global currency manipulation.
Mt. Gox Goes Dark
Article By:
Acting-Man
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Thursday, February 27, 2014 8:54 AM EDT
It is still not quite clear what exactly happened at Mt. Gox in Tokyo, the formerly biggest bitcoin exchange in the world. According to the exchange, the so-called 'transaction malleability' problem allowed hackers to initiate countless bogus transaction, stealing some 744,000 bitcoins.
Is China Set For A Japan-Style Lost-Decade?
Article By:
Tyler Durden
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Thursday, February 27, 2014 8:12 AM EDT
"The extent of unproductive investment in China today is much greater than was the case for Japan at a comparable phase of development," warns Deutsche's EM strategist John-Paul Smith
In this article: DSTJ
Morgan Stanley Warns Of "Real Pain" If Chinese Currency Keeps Devaluing
Article By:
Tyler Durden
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Thursday, February 27, 2014 5:57 AM EDT
The seemingly incessant strengthening trend of the Chinese Yuan (much as with the seemingly inexorable rise of US equities or home prices) has encouraged huge amounts of structured products to be created over the past few years enabling traders to position for more of the same in increasingly levered ways.
Mt.Gox CEO Will Have You Know He Has Not Run Away With Your Non-Virtual Money
Article By:
Tyler Durden
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Wednesday, February 26, 2014 9:33 AM EDT
Contrary to public speculation, Bitcoin CEO Mark Karpeles will have you know that after halting virtual transactions on his "Magic: The Gathering Online Exchange" for the second, and likely final time, that he has in fact not run away with any all too real money that may still be found at the now defunct exchange of virtual stuff.
An Odd Ripple In Nikkei And Yen Correlation
Article By:
Gary Tanashian
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Wednesday, February 26, 2014 7:44 AM EDT
Over in the Land of the Sinking Currency the Nikkei popped above resistance yesterday while its whipping boy in the mirror, Johnny Yen, also showed strength and held support.
The Yuan Weakens – Is It Just Another Blip?
Article By:
Acting-Man
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Wednesday, February 26, 2014 7:23 AM EDT
We want to point readers to our previous article on the rout in various EM currencies, in which we opined that the dramatic weakening of the Japanese yen was likely an important trigger of these moves.
What The Market Wants: Market Hits New High, Three Stocks To Consider
Article By:
Sabrient Systems
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Wednesday, February 26, 2014 4:52 AM EDT
The market's major equity indices were all up a little more than 0.6% yesterday, which was off mid-day highs, but positive because the market shrugged off poor economic news from China. Today, the market stayed relatively even, with the S&P 500 ending down slightly by -0.13%