Chinese stock market crash 2015: Capitalism is not in crisis – but China’s phoney model is August 25, 2015 There's nothing quite like a bout of market volatility to prompt a round of gleeful crowing from the usual suspects that “capitalism is in crisis”. This rather seems to miss the point that failures and successes, winners and losers are all essential and necessary components of an effectively functioning free market. What the [...]
Alibaba’s cloud computing arm Aliyun launches “China’s first” artificial intelligence service August 25, 2015 Chinese e-commerce giant Alibaba’s cloud computing arm is breaking into the artificial intelligence market, launching what the company is proclaiming to be “China’s first AI platform”, which will give developers the capacity to analyse large amounts of data. Cloud computing division Aliyun is Alibaba’s fastest-growing division, and although the company still gets most of its [...]
BHP Billiton share price up six per cent despite pre-tax profits falling 61.7 per cent year-on-year August 25, 2015 BHP Billiton's share price was trading up to six per cent up in morning trading, leading the FTSE 100, despite reporting a significant fall in pre-tax profits for the year to the end of June, missing analysts' expectations, amid falling commodity prices. The figures BHP Biliton reported pre-tax profits of $8.67bn (£5.50bn), 61.7 per cent lower. The [...]
FTSE 100, Dax and Cac rise as hangover sets in after China stock market crash August 25, 2015 After making its worst losses since 2003 yesterday, the FTSE rose almost three per cent per cent in mid-morning trading, nudging back above 6,000. Meanwhile, the Dax rose 3.2 per cent and the Cac rose 3.1 per cent, suggesting that while European markets were nursing a hangover, the worst may be over. The rebound followed [...]
Black Monday 2015: Here’s the market index which mattered most according to Google searches August 25, 2015 Black Monday may have started with the Chinese economy, but it was the Dow which ended up gaining most of the world's attention online. Search interest in the unfolding events on the world markets focused on the US index more than any other in the majority of countries around the globe, according to data from Google. [...]
Chinese economic slowdown: Devaluation and volatility should not put off Western retailers August 25, 2015 The surprise decision by the China's central bank to devalue its currency on three consecutive days has been linked to China’s state authorities’ attempts to boost its struggling economy. It is, however, unlikely to cause significant disruption to many Western retailers who are supplying in the region. The correction may have been a gesture to [...]
China stock market crash 2015 : When a correction becomes a buying opportunity – CNBC Comment August 25, 2015 The definition of “Correction Territory” is when a market sees a downward move from a recent high of 10 per cent or more. Being down over 15 per cent since its high in April, for example, the broad-based European Stoxx 600 index is now officially in correction. But with many European stock market indices down [...]
Chinese stock market crash 2015: Money has poured into Japan as Asian markets crumble over China woes August 25, 2015 Money has flowed into Japanese exchange traded funds (ETFs) this year as the market stands out as the last area of safety in Asia. So far this year, overseas investors have piled $16.4bn into ETFs tracking Japan’s stock markets – nearly quadruple last year’s total of $4.4bn, according to data from Markit. The [...]
Extractive firms lead UK slump as Shanghai slides – London Report August 25, 2015 THE FTSE 100 slumped 4.7 per cent yesterday to its lowest level in almost three years, with all stocks but one in the red and miners leading the slide on growing fears of a China- led global economic slowdown. The blue-chip index was down 288.78 points at 5,898.87, the worst close since late 2012. The [...]
Black Monday 2015 crash reaction: If the global stock markets start to panic, Twitter’s sure to follow suit… August 25, 2015 Suffice to say Twitter went into meltdown almost as quickly as the markets yesterday. Former top Treasury official Damian McBride kicked off the crazy yesterday morning with some helpful financial advice. “Get hard cash in a safe place now,” he urged. “Don’t assume banks and cashpoints will be open, or bank cards will work.” [...]