Josh Klaczek, head of Asia financials research at JPMorgan, talks about Asian stocks and the banking sector -- in particular China and the People's Bank of China.» Read More
The buzz in Asia has been about China tripling stamp duties on stock trades. And if there is any truth in the latest rumors swirling around, a capital gains tax on shares is on the horizon, though Chinese officials have been quick to dismiss it. The same officials who on May 22 denied rumors of an increase in stamp tax, which was announced just a week later. The dust will have plenty of time to settle over the weekend. Expect Chinese markets to continue hogging everyone’s attention throughout the upcoming week.
Union-backed critics of Wal-Mart Stores Inc. are using a made-in-America campaign started by late founder Sam Walton in the 1980s to attack the global retailer for buying heavily from China.
Stocks are looking higher this morning after markets worldwide rode the wave of Wall Street's record-setting session yesterday. Wall Street was greeted this morning by merger news involving one of its own. Wachovia is buying Midwest broker A.G. Edwards for $6.8 billion, ranking the combined firm as one of the Street's biggest brokers and giving a big endorsement to the prospects for the retail brokerage and asset management businesses.
The chief financial officer of Baidu.com told CNBC that the China-focused Internet search firm is in the initial phases of a long-term growth story.
All eyes have been on China as the engine powering the strong growth of international stock funds. However, according to Lipper, the fund sector that has posted the best returns in the year-to-date period has a decidedly Latin flare.
Despite big declines in China's stock market on Wednesday, market pros say the region remains a solid long-term investment.
The Chinese authorities decided to raise stock trading stamp duty to 0.3% starting on Wednesday from the current 0.1%, a move seen as a bid to clamp down on the overheated market.
There are many ways to play the Chinese market -- both directly and indirectly -- but a lot depends on your risk tolerance.
Rob Lutts, founder and chief investment officer of Cabot Money Management, told CNBC’s “Squawk on the Street” that China is now an established economy. “I think it’s a misnomer to call these ‘emerging economies,’ ” Lutts said. “China has arrived. It has a tremendous foundation for growth.”
An overnight selloff in the Chinese market caused the Shanghai Composite Index to fall 6.5%, just one day after hitting all-time highs. Marc Pado, U.S. market strategist at Cantor Fitzgerald, and J.J. Burns, president of J.J. Burns & Company, joined CNBC’s Mark Haines on “Morning Call,” to discuss whether the exuberance that has driven China’s stock rally will evaporate and hurt global markets.
Lynic Wang dreams of buying his own home. The problem he faces is how to make enough money to buy that dream house in an expensive city like Shanghai. Wang’s solution – invest in the red hot Chinese stock market.
Wall Street is heading for a down day after China's move to cool its overheated stock market with a tax hike drove Shanghai shares down 6.5% and pulled the floor out of stock buying around the world. Asian markets closed lower and European stocks are down across the continent. Some buyers appear to be moving into U.S. Treasurys where rates are slipping this morning.
The morning-after-the-night-before mood is haunting the European bourses from the open Wednesday. Investors could be forgiven for being nervous, the Chinese bourses sold off on news the government is tripling the tax charged on share transactions.
China's former top drug regulator was sentenced to death in an unusually harsh punishment for taking bribes to approve substandard medicines, including an antibiotic blamed for at least 10 deaths.
What value do the comments of a former Fed Governor have? Enough to move markets is the obvious reply.
For all the record highs, February's sell-off served as a stark reminder of the risk investors face when playing the Chinese market. What should you look for?
We told you we think you should play the China-bull market by buying Chinese companies that trade here - but what if you want more? What if you want to buy the whole Chinese market? Or how about owning the markets of countries in the region that will grow with China. There are a number of ETFs, exchange traded funds - that allow you to diversify your exposure to volatile Chinese stocks while still playing the China boom. Which ones should you buy?
You know the China bull story. It's stock market up 50% this year alone. But you don't need to go to China to participate in this rally. You can buy a slew of Chinese companies that trade right here on the NYSE as ADR’s, or American Depository Receipts. What does that term mean for you? It simply means your dollars can directly participate in this historic Chinese bull market. What names should you buy?
China has advised college students to shun share investments amid a nationwide craze for stock markets, where many prices have nearly quadrupled in the past 18 months and experts say a dangerous bubble may lurk.
China's Vice Premier Wu Yi in a speech Thursday night rebuffed U.S. demands for trade and currency reforms. President Bush commented that he was "disappointed." What does this mean for trade relations between the two key economic powers? Morris Reid, former Commerce Department aide under President Bill Clinton, and Kellyanne Conway, president and CEO of The Polling Company, gave their opposing views on "Morning Call."