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Category: China

Betting against the Hong Kong Dollar: How To Lose

Link: all this talk of depreciation/appreciation. There are people talking about depreciation (of the US Dollar against the Hong Kong Dollar) and there are people talking about appreciation (of the Hong Kong Dollar against the US Dollar). They are generally talking about the same thing, which is the growing strength of the Hong Kong dollar. So […]

Daily News Roundup 2012: Monday 21 May

Good morning The headlines: Mark Zuckerberg got married. Link: Improving Facebook Relations with China. His new wife is Priscilla Chan. MZ managed to wear a suit. He designed the ring himself. They got married in a garden. When your social highlights become a Bloomberg news item, you KNOW that you’re IT royalty. Trade disorder caused some […]

Daily News Roundup 2012: Monday 30 April

Good morning The headlines: Hedge funds are betting against the Eurozone. There is a core group of hedge fund managers (including John Paulson – who keeps being mentioned in books written by Michael Lewis) that has been rejoicing in the Long Term Refinancing Operations of the ECB. The theory is that German bonds are underpriced […]

Daily News Roundup 2012: Friday 20 April

Good morning The headlines: The Spanish Bond Auction had high demand yesterday. Spain met all of its targets yesterday, with the subscriptions for 10-year bonds being almost double the amount sold. Agreed – the yields on the 10-year bonds were higher than the last sale of 10-years (February); but they didn’t break the magical 6% […]

Daily News Roundup 2012: Thursday 12 April

Good morning The headlines: The US Government has sued Apple (and five publishing houses) for ebook price-fixing. Apparently, they all worked together to eliminate competition amongst stores (ie. Amazon) selling ebooks, ultimately increasing prices to shareholders (and decreasing profits for Amazon). On a personal note, and as a frequent customer of the iBooks store, I […]

Daily News Roundup 2012: Wednesday 11 April

Good morning The headlines: I guess the big news of the day is that Rick Santorum has suspended his nomination for the Republican Presidential candidate. I love the way that Americans use the word “suspend” like somehow he can change his mind if he’d like. Uh no. Either way – I’m a liberal at heart […]

Daily News Roundup 2012: Monday 9 April

Good morning The headlines: JP Morgan trader Bruno Iksil, recently dubbed Voldemort (not by me – but high fives to whoever did), has drawn attention to the little-known area of the bank that invests the bank’s own capital. This comes back to the debate around the Volker Rule (part of the Dodd-Frank Act), which seeks […]

Daily News Roundup 2012: Wednesday 4 April

Good morning The headlines: US Stocks fall as Fed Minutes Damp Stimulus Expectation. The S&P 500 fell yesterday on signs of less stimulus, after rising to its highest level since 2008 on Monday based on news that US manufacturing was showing signs of better-than-expected growth. Because <insert sarcastic tone here> manufacturing, in and of itself, […]

Daily News Roundup 2012: Monday 2 April

Good morning The headlines: China’s Purchasing Manufacturer’s Index (PMI) rose to a one-year high of 53.1 for March, according to China’s National Bureau of Statistics. This is after last week’s freak-out when HSBC and Markit announced forecast a PMI falling below 50. Note: when the index falls below 50, this is seen as a sign […]

Daily News Roundup 2012: Tuesday 27 March

Good morning The headlines: Dominique Strauss-Kahn, former head of the IMF, has been charged with “illegally procuring prostitutes”. I realise that this is no longer finance-related. But juice is juice. And I was intrigued: because how do you illegally procure prostitutes? I was under the impression that either prostitution is legal or it isn’t. Apparently […]

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