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Chinese Banks Continue to Reduce Debt as Policymakers Clamp Down
Capital Markets
The latest updates on Chinese Banks and the shadow banking system China is continuing to clamp down on excess in its financial system as policymakers seek to rein in risky borrowing across the country. A recent report from analysts at Nomura summarised the steps policymakers have taken during 2017 to curb asset bubbles and financial risks including the roll-out of
Brexit Heats Up: 4 Things to Watch
Capital Markets
With the outcome of last year’s Brexit vote paving the way for the UK to leave the European Union (EU), British Prime Minister May began the formal divorce proceedings last month. And now, she has surprisingly called for a snap election, earlier than expected, on June 8. In the meantime, I keep hearing from investors, what does this mean for
Do Wall Street and Investors Love Amazon a Little Too Much?
Capital Markets
What's not to love about Amazon.com, Inc. (NASDAQ: AMZN)? =Consumers love its speedy delivery of millions of items. Investors love its growth profile and prospects of hitting a $1-trillion valuation. But what if investors are wrong in loving Amazon? This is a view that Gadfly's Shira Ovide explored. Unfettered Adoration, Critiqued According to Ovide, there most certainly is a lot
Fintech Funding in Europe is Soaring; Funding in New York is Sputtering
FinTech
Although fintech deals in New York increased for the second straight quarter, the size of growth in Silicon Alley is contracting, according to a new report from data provider CB Insights. Fintech deal activity rose 26% from the fourth quarter of 2016, but was 33% below the same quarter last year, which included significant funding to Oscar and Betterment, according to CB Insights. Funding to
Mixed Bag For Twitter: Revenue Drops, But User Base Actually Grows
Capital Markets
Twitter's revenue is shrinking for the first time since the company went public in 2013, but saw it's largest increase in users since 2015, which was just enough to warm the hearts of investors, as the New York Times reports. While Twitter posted its first drop in revenue in four years - reporting $548 million in sales for the first
Insurtech Firm Bags One of Singapore's Largest-Ever Series A Rounds
FinTech
Fintech investments may have dropped across Asia but over in Singapore, investment rounds seem to keep getting bigger and bigger. Tech in Asia: Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. Investors include Impact Capital Holdings, a subsidiary of Credit China Fintech Holdings. CCFH is a Hong Kong-listed group “with
A Fortuitous Coincidence for the ECB
PIMCO expects no policy changes at the ECB Governing Council meeting on Thursday, aside from a minor adjustment to the bank’s outlook for growth. We think ECB President Mario Draghi will repeat the message that although the economic recovery is gaining momentum, risks remain, and that the improving outlook for inflation continues to depend on prolonging the bank’s ultra-accommodative policy
JP Morgan Tops Ranking of Foreign Managers in China
JP Morgan came first in a ranking of foreign asset managers in China for the second year running. UBS came second, also for the second year in a row, according to the report and ranking by consultancy Z-Ben Advisors. “To remain consistent in positioning requires that global managers have in place a well-diversified China strategy and an approach that is
Smart Beta Sold In 'Classic Bait and Switch' Environment
Smart beta and certain types of factor investing is an environment where “classic bait and switch is persuasive,” is being sold based on “backtested results that don’t match reality.” Such were thoughts from a lively panel discussion at the Morningstar investment conference in Chicago. The panel discussion was, to a degree, reminiscent in tone to a 2014 panel discussion where smart
Earnings: Old School Tech Adapts to a Changing Industry
If you live for tech earnings, today is your day. We’re wrapping up this week’s round of earnings previews with a couple of older tech giants, Microsoft Corporation (NASDAQ: MSFT) and Intel Corporation (NASDAQ: INTC). Both companies release quarterly results after market close today. On top of MSFT and INTC, Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: