Economy & Markets
The important economic and stock market news that advisors need to know.
Cuban Oil Find, Drilling Reverberates in Washington
By Gil WeinreichCuban coastal oil exploration triggers odd political bedfellows in U.S.
May 31, 2011
RBS Launches Joint Brokerage Venture With Chinese PartnerThe new China brokerage house, Huaying Securities, plans to cash in on the boom in investment banking in China. At the same time, Founder Securities, the Chinese joint venture partner of Credit Suisse, received approval on Monday for its IPO.
May 31, 2011
FPA in China: Learning How to Build Trust in a Private SocietyIn China financial planning is done through CFPs at banks, but cultural differences around privacy and intimacy pose challenges for Chinese financial planners.
May 28, 2011
FPA in China: 9 Answers on the Role of Insurance in ChinaChinese financial planners tell Bill Dyess where the opportunities, and growth, are in insurance products in China, such as LTC insurance and annuities
May 27, 2011
Chinese Company Cleared for Limited Rare Earth TradingBaotou Steel Rare Earth (Group) Hi Tech, which is China's largest producer of rare earths, has obtained government approval from the region of Inner Mongolia to open a rare earth exchange, according to a state media report on Friday.
May 27, 2011
MGM China IPO Raises $1.5 BillionPansy Ho, daughter of Macau casino king Stanley Ho, outpaced her father near the top of Asia's billionaire list with the IPO of MGM China, a Macau casino she co-owns with MGM Resorts International.
May 26, 2011
FPA in China: Why It Matters for Investors, Clients and, Most Important, AdvisorsAnswers to questions about the world's second largest economy from advisors on the ground in China.
May 26, 2011
Luxury Is on the Rise in ChinaChinese consumer spending is amazing global luxury goods makers and dealers and bolstering their bottom lines.