Economy & Markets
The important economic and stock market news that advisors need to know.
Affluent Investors More Confident Than Millionaires: Spectrem
By Marlene Y. SatterAffluent investors’ confidence passed that of millionaires for the first time since April 2008, according to Spectrem Group President George H. Walper Jr.
May 25, 2011
Chinese Commercial Property Target of New Mutual FundMapletree Investments of Singapore said Wednesday that it planned to launch a new mutual fund targeted toward commercial property in China.
May 25, 2011
China Banks Seek Overseas ExpansionChinese banks, in an effort to grow beyond the mainland's borders, have plowed large amounts of capital into acquisitions, new branches overseas and joint ventures. Although analysts are critical of their efforts, calling them pricey and poorly directed, banks see opportunity beckoning.
May 24, 2011
RIAA: Pull Curtains Off Annuitized MoneyFinancial advisors would like to see financial statement providers do a better job of including information about clients' immediate income annuities.
May 24, 2011
Economic Warning Signs: China, E.U. and U.S. All See Manufacturing DeclineIs this evidence of a long-term global slowdown, or a temporary, coincidental, dip?
May 24, 2011
Chinese Jewelry Retailer Names Seven Banks to Aid IPOChow Tai Fook, a decades-old Chinese jewelry retailer with 1,400 stores, has hired seven banks to underwrite its forthcoming IPO in Hong Kong,it was reported late Monday. The main underwriters are to be Deutsche Bank, Goldman Sachs Group, HSBC Holdings and JPMorgan Chase.
May 24, 2011
China Weighs In on Strauss-Kahn’s IMF SuccessorAs the quest to replace Dominique Strauss-Kahn as head of the International Monetary Fund (IMF) continues, China has entered the fray, saying that the U.S. should reduce its voting share in the financial body so that emerging economies can have more of a voice in the selection process.
May 23, 2011
New iPhone, iPad App Provides Financial Analysis, ForecastsSentigo, an Israeli company that developed an analysis tool for consumer investors, officially launched a market analysis and forecasting app for use on iPhones and iPads.