Financing
UK Business Leaders Seek Economic Stability After Truss
Business executives have expressed their displeasure and shock at the political upheaval in the UK and demanded that whoever succeeds Liz Truss move quickly to restore the crisis-hit economy.
After only 45 days in office, the prime minister announced her...
Asset Management
Economic Goals of China Demand Investment Lure Upgrades
A Chinese official said on October 17th that the nation's growth objectives have changed and that conditions for foreign investment would also alter.
In a speech the day before, on October 16th, Chinese President Xi Jinping set the tone for...
Financing
Hong Kong Sets A $3.8 Billion Fund To Entice Global Firms
Hong Kong has proposed a HK$30 billion ($3.8 billion) co-investment fund to entice foreign companies back to the city following a brain drain brought on by rigorous lockdowns and a volatile political environment.
John Lee, the chief executive of Hong...
Asset Management
Goldman Suggests Selling S&P 500 Calls To Back China Hope
In order to position themselves for a potential rebound in battered China-related assets, Goldman Sachs Group Inc. advised investors to sell calls on the S&P 500 Index and fund the purchase of identical calls on the Hang Seng China...
Banking
To Sustain Liquidity, China Central Bank Rolls Policy Loans
On October 17th, China's central bank extended aging medium-term policy loans while maintaining the interest rate at its current level for a second month, adding credence to forecasts that conditions will remain loose to support the pandemic-affected economy.
The rate...
News
Housing Slowdown Anticipated After Rise In UK Mortgage Rates
After it was predicted that the number of consumers having trouble making their mortgage payments would reach a 15-year high, there were further warnings of a housing downturn in the UK. According to the Royal Institute of Chartered Surveyors...
Financing
UK Markets Must Go Beyond A Policy U-Turn To Rebuild Trust
After three trying weeks, British Prime Minister Liz Truss and incoming Finance Minister Jeremy Hunt will need to do much more than reverse their position on corporation tax. The government's announcement of its medium-term budget plan on October 31...
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