Economy & Markets
The important economic and stock market news that advisors need to know.
China Could Cut Rates After Cash Boosts
By Marlene Y. SatterZhou Xiaochuan, governor of the PBOC, said that despite the fact that the country has already added more cash to its economy, additional measures, including a cut in interest rates and/or a change in banks reserve requirement ratio, could also be deployed.
August 21, 2012
New China: Investing in a Growing Global LeaderFifteen years ago, when Mark Mobius, executive chairman of Templeton Emerging Markets Group, first visited China, the swath of land across from Shanghais historic waterfront, the Bund, just lay there.
August 21, 2012
6 U.S. Cities That Fell Off the Fiscal Cliff—and SurvivedAdvisorOne looks at six municipalities that filed for bankruptcy but climbed their way back to solvency.
August 21, 2012
Soros Buys Into Manchester UnitedAccording to SEC filings, Soros Fund Management snapped up more than 3.1 million shares to the tune of 25.8 million pounds ($40.7 million) as of the stocks closing price on Monday.
August 21, 2012
NHS Hospitals Urged to Expand OverseasBritain is urging major hospitals in its National Health Service to look beyond the countrys borders and offer foreign governments access to U.K. health services in the quest for profit.
August 20, 2012
Corzine Starting a Hedge Fund? Outrageous, Maybe, but Not UnprecedentedAs the criminal investigation into the former MF Global head is dropped, rumors swirl that he may be starting a hedge fund. He wouldn't be the first disgraced financier to do so.
August 20, 2012
PIMCO’s El-Erian: 5 Reasons Europe Resembles an Unstable HammockEmploying a seasonal metaphor, PIMCO head Mohamed El-Erian compares the situation in Europe to that of an unstable hammock in an effort to explain what has, and most likely will, happen.
August 20, 2012
Patton’s Fund Picks, Pt. 6: Global, EM Bond FundsAdvisor Mike Patton shares the results of his own research that yields his favorite mutual funds in the global and emerging market bond space.