Tuesday, May 23, 2017

Tag: Investment

China’s Army of Global Homebuyers Is Suddenly Short on Cash

China's escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from...

China’s Xi Jinping At Davos, World’s Most Powerful Beggar

Xi Jinping will address the World Economic Forum on Tuesday in Davos, the first time a Chinese leader has done so. Chinese state media tells us he will speak strongly in favor of globalization. That message will be difficult to accept, however, as his country is closing off its market,...

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans for deregulation were setting the stage for the next financial crisis. “The deregulation in some areas like finance is hugely dangerous,” Summers said Sunday in an interview on Fox News Channel....

SoftBank’s First U.S. Investment After Trump Talk Generates 3,000 Jobs

SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump this month he would create 50,000 jobs in the U.S. Money for the first 3,000 positions was announced on Monday. Satellite startup OneWeb Ltd. said it raised $1.2 billion from SoftBank and existing investors, with the Japanese technology...

Beware Donald Trump’s Infrastructure Plan

We don’t know much about Donald Trump's plans for this new toy he’s inherited called the world’s only superpower. But we know that he likes to put his name on things, which is why his prioritizing of an infrastructure program makes a lot of sense. He can barnstorm the...

With Trump’s election, is stimulus spending back on Washington’s agenda?

Has John Maynard Keynes just won a ticket back to the White House? Keynes was the British economist who advocated government deficit spending to stimulate moribund economies. And that seems to be the principle undergirding the $1-trillion infrastructure construction plan that President-elect Donald Trump proposed shortly before election day. Trump...

Copper Price Climbs to One-Year High

Gains based on rise in U.S. infrastructure spending after Trump triumph and optimism over China demand. Copper rose to a fresh one-year high on Wednesday, boosted by bets on a rise in infrastructure spending and continued optimism over China demand. Copper for December delivery settled up 2.9% at $2.4480 a pound...

Japanese companies in UK already receiving offers from EU

Haruki Hayashi, president of Japanese chambers of commerce in UK, said firms needed more than ‘general reassurances’. Japanese companies based in Britain have already started to receive offers from other European countries and could postpone investment decisions if Theresa May’s government fails to negotiate a close economic relationship with the...

Philippines open for business with China, says finance minister

Opportunities for the two countries to cooperate on infrastructure, says Carlos Dominguez. The Philippines' new government plans to court Chinese investment to fund an ambitious infrastructure programme, the latest sign of warming ties between the two nations that have been at loggerheads over territorial claims in the South China Sea. “The...

Global debt climbs towards fresh high as companies and countries keep on borrowing

Global debt issuance is on course to hit a record high in 2016 as figures showed sales this year topped $5 trillion (£3.9 trillion) at the end of September. Debt issuance rose to $5.02 trillion in the nine months to September 22, according to Dealogic, putting 2016 on course to...

The End of the G-20: Has the Group Outlived Its Purpose?

Over Labor Day weekend, the leaders of the G-20 countries gathered in Hangzhou, China, for their annual summit. Their goal this year: save the good name of globalization, which has recently taken a beating. In the wake of Brexit, the U.S. Republican presidential candidacy of Donald Trump, the rise...

New Expectations for Turkish Stream and More

Plans to build the Turkish Stream gas pipeline have reappeared on the political agenda of Moscow and Ankara. After the July 26-27 talks between Russian Deputy Prime Minister Arkady Dvorkovich and his Turkish counterpart, Mehmet Şimşek, both parties confirmed their willingness to resume a dialog on issues of mutual...

It’s Time for China Analysts to Stop Talking Past One Another

What exactly is going on in the People's Republic? Even with good data, experts can't agree. On August 12, the International Monetary Fund (IMF) issued its annual report card on China's economy and gave the country mixed grades, finding that its “economic transition will continue to be complex, challenging, and...

Trillions in Murky Investments Could Rock China’s Economy

A Shanghai investment firm is offering a fat return of up to 10 percent a year, handily beating both the local stock market and the paltry payouts from bank accounts. It requires a minimum deposit of about $15, making it accessible to just about anyone. Investors can pull out...

Mystery Buyer Revealed: Swiss National Bank’s US Stock Holdings Rose 50% In First Half,...

In a month, quarter and year, in which many have scratched their heads trying to answer just who is buying stocks, as both retail and smart money investors have been aggressively selling... In the second quarter, the Swiss National Bank added $7.3 billion to its US equity portfolio, and according...

Paris strikes astonishing partnership with secret Isis sponsor tied to Hillary Clinton

The City of Paris has struck a corporate partnership with French industrial giant, Lafarge, recently accused of secretly sponsoring the Islamic State (Isis or Daesh) for profit. Documents obtained by several journalistic investigations reveal that Lafarge has paid taxes to the terror group to operate its cement plant in Syria,...

How China’s Currency Manipulation Enhances the Global Role of the U.S. Dollar

But it's not quite that simple. In fact, Beijing benefits from the dollar’s dominance. On April 16, Zhou Xiaochuan, the governor of China’s central bank, the People’s Bank of China, once again set off alarm bells during a speech at the International Monetary Fund (IMF). “Starting from this April,” he...

US seeking bilateral trade deal with UK to press EU on TTIP

American officials moving swiftly to cement economic relationship with Britain and speed up stalled transatlantic trade deal with Europe. A potentially swift bilateral trade and investment deal with the UK is being suggested by American officials as a way of pressing the European Union to speed up its own stalled...

Erdogan Has Nobody to Blame for the Coup but Himself

After years of broken promises and deepening paranoia, the Turkish president earned his comeuppance. This is not what President Recep Tayyip Erdogan meant when he said he wanted to transform Turkey. The tanks and gunfire in the streets of Ankara mark the fifth time since 1960 that the Turkish military...

How Central Banks Inverted the World

Murray Rothbard would be turning in his grave. The American economist wrote in his 1983 book 'The Mystery of Banking' that central bank intervention was often disastrous. Whether the latest round of stimulus, which has generated a slew of negative rates globally, will end badly is yet to be...

Gold is the only option for when paper currencies die – and that could...

Recent history has been a long and volatile ride for gold investors. The recent Fed decision... The “Brexit” leave vote... Today I want to take a look at gold – and in particular...the case AGAINST the Midas metal... Starting from a low of about $250 per ounce in mid-1999, gold staged a spectacular...

Westminster’s Squabbling Is Making Brexit Worse

The simple fact is that political uncertainty hurts the economy. And with chaos reigning in the U.K., the road ahead looks bumpy indeed. When the Brexit vote was still months away, veteran Conservative Party politician Kenneth Clarke predicted that, should David Cameron lose the campaign for Britain to stay within...

Putin Praises ‘All-Embracing’ Partnership of Russia, China

Russian President Vladimir Putin on Saturday emphasized economic ties with China and praised what he called Russia's "all-embracing and strategic partnership" with its neighbor, during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust. Putin told Chinese Premier Li Keqiang that...

China’s Pivot to Putin’s Friends

The Moscow-Beijing partnership is stalling. But Xi is winning over the Russian president’s inner circle with favorable loans and sweetheart energy deals. When Gennady Timchenko — a Russian oligarch and close friend of President Vladimir Putin — was appointed chair of the Russian-Chinese Business Council, an association of more than...

SCO alignment of regional cooperation with Belt and Road Initiative – Chinese Commerce Minister

TASHKENT, June 24 (Xinhua) -- The Shanghai Cooperation Organization (SCO) will enter a new phase of aligning regional economic cooperation with fulfillment of the "Belt and Road" initiative, on the basis of great contribution in the past, a senior Chinese official said here Thursday. During the past 15 years since...

David Cameron’s Austerity Bomb Finally Went Off

After years of failed economic policy, the British public was ready to lash out. Yes, I’m the guy who said the European Union would disintegrate, but I didn’t think it would happen so quickly. And I didn’t imagine that we would have the ill-timed economic policies of David Cameron’s Conservative...

Potential U.S. Consequences of China’s Capital Account Liberalization

In recent years, the United States has had positive net international income (e.g., stock dividends and bond coupon payments) despite being a net debtor to China. China, however, has had negative net income, despite being a lender to the United States. Recent policy changes in China could end this...

Troubled Russia Tries to Exploit Links to China

Putin to visit Beijing in bid to boost trade and ties as Russian economy struggles from Western sanctions. Russian President Vladimir Putin will try to bolster trade and economic ties when he visits China on Saturday to meet Chinese President Xi Jinping, as Russia’s economy struggles amid Western sanctions and...

JP Morgan and Bank of America in cluster bomb investors Hall of Shame

More than 150 financial institutions including JPMorgan Chase and Bank of America invested $28bn in companies that produce cluster bombs despite an international ban, according to a new report by the Netherlands-based peace organization PAX. The report includes a “Hall of Shame”, a list of 158 banks, pension funds and...
video

Jim Rickards Emergency Broadcast with Goldfinger

An emergency broadcast by Jim Rickards in which he interviews a gold industry insider from Zurich, Switzerland. Goldfinger is in direct contact with major players in gold market like the LBMA bullion banks, major Swiss refiners and vault owners. James Rickards is the Editor of Strategic Intelligence, a financial newsletter,...

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