China for the first time since March 2015 has relaxed restrictions on investment of Chinese funds in foreign securities as part of measures aimed at liberalizing the financial industry, the volume of which exceeds 40 trillion dollars. State Administration of Foreign Exchange reported that since April 24, the quota of investment for qualified domestic institutional investors had been increased for both Shanghai and Shenzhen by $ 5billion. At the same time, the cumulative quota increased to 98 billion 330 million dollars from 89 billion 990 million dollars, as data of Bloomberg showed.
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...