In refusing to bend its own rules for Chinese internet giant Alibaba, the Hong Kong stock exchange has put principles over profits. China’s eighth richest person, Jack Ma, wanted to list Alibaba, the sprawling e-commerce sourcing and social media empire he founded in 1999 on Hong Kong Exchanges & Clearing (HKEx). But, after the bourse refused to relax its listing rules in order to suit his needs earlier this week, he confirmed Alibaba will float in New York instead.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (March 14– 20, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
Perhaps the most surprising thing about the failure of one of the earliest and largest bitcoin exchanges, the Tokyo based Mt. Gox, which filed for bankruptcy after admitting it had “lost” some 850,000 bitcoins with a total value of around $480 million, has been the resilience of bitcoins on other exchanges.
Last week, a senior monetary policy committee member at the Bank of England remarked that when interest rates do start to rise it’s good news, because it means that the economy is growing at a pace that warrants action to reign it in, so to speak. That is 100% right.
Each week QFINANCE.com brings you five things to look out for in the week ahead (17-03-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.
In November 2013 the UK government issued a consultancy paper entitled: Reinvigorating Workplace Pensions. As I noted in Part 1, the aim was to seek responses to the government's attempts to formulate a "halfway house" between DB schemes and DC schemes. What the government is looking at are various ways of sharing the risk between the two.
Each week QFINANCE.com brings you some of the biggest news stories from the past five days (March 7 - 13, 2014) in finance and business – essential reading to keep you up to date with the latest topics.
Although the crash of 2008-09 didn’t result in any emerging economy bank crashes, not newsworthy ones anyway, it still put a dent in developing country growth rates. Understandably of course, globalization has made economies interlinked and there is the old adage, still true, that when the US sneezes the rest of the world catches a cold. So what does market reaction to the Ukraine situation tell us?
Some economists, like Larry Summers, call it “secular stagnation”. Others refer to it as “Japanization”. But all agree that, after too many years of inadequate growth in advanced economies, substantial longer-term risks have emerged - not only for the well-being of these countries’ citizens, but also for the health and stability of the global economy.
Each week QFINANCE.com brings you five things to look out for in the week ahead (10-03-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.