Showing posts with label slowdown. Show all posts
Showing posts with label slowdown. Show all posts

2019-03-11

How China's Economic Slowdown Is Rippling Beyond Its Borders (video)

How China's Economic Slowdown Is Rippling Around the Region

Slower growth in China is affecting everything from smartphone sales to oil exports, and companies and countries in its orbit are beginning to feel the crunch. Wall Street Journal (WSJ.com) video above published Mar 6, 2019.


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2016-06-20

China's Economy Hard to Fix, George Soros Expects Hard Landing (video)

Here's Why China's Economy Will Be So Hard to Fix:

China’s leaders have a mammoth task steering the world’s second largest economy out of its current slowdown. This QuickTake examines the challenges they face. Published  by Bloomberg.com June 7, 2016

George Soros Is Trading Again, Bearishly:

Billionaire investor George Soros is back to trading following a long hiatus, and he's making a series of bearish investments. WSJ's Geoffrey Rogow discusses with Tanya Rivero. Published vy WSJ..com June 9, 2016



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2016-01-21

China's Slowdown, Stock Markets, Global Economy: What It Means (videos)

"Turmoil returned to financial markets as oil plunged past $27 a barrel, the Dow Jones Industrial Average sank as much as 565 points and global equities approached a bear market that is fueling a rush into haven assets." - U.S. Stocks Sink With Markets Around the World - Bloomberg

UPDATES: 2016 World Economic Forum LIVE UPDATE Jan 21 Davos 2016 - "Where Is the Chinese Economy Heading" (video) Speakers: Jiang Jianqing, Francine Lacqua, Ray Dalio, Zhang Xin, Christine Lagarde, Fang Xinghai, Gary D. Cohn (go to link for Video Replay)
Shanghai Composite Close Jan 21: 2,880.48 Price decrease -96.21 (-3.23%) ...
George Soros Says He Expects Hard Landing for China Economy - Bloomberg Business"Billionaire investor George Soros said China’s economy is heading for a hard landing and will contribute to global deflation. "A hard landing is practically unavoidable," Soros said on Bloomberg Television from Davos. "I’m not expecting it, I’m observing it. China can manage it. It has resources and greater latitude in policies, with $3 trillion in reserves."..."
How Much Will Markets Fall? Top Investors See No Bottom Yet - Bloomberg Business: ""I expect a protracted decline in the S&P 500," Jeffrey Gundlach, co-founder of DoubleLine Capital, said in an e-mailed response to questions. "Investors should sell the bounce-back rally which could come at any time.""



What China's Mess Means for the World and US - It's been an ugly start to the year for China, with Chinese stocks in Hong Kong falling to global financial crisis lows. To make things worse, Chinese officials seem befuddled about how to respond to the financial turmoil. Bloomberg Businessweek's Peter Coy takes a look at how China's mess affects the world, and explains why the U.S. economy is still relatively insulated. Published Jan 20, 2016



IMF Global Forecast 'Largely Nonsensical': Paul Donovan - Paul Donovan, global economist at UBS, discusses the IMF's global growth forecast and explains why China's economic slowdown is set to continue for the next five years. He speaks on "Bloomberg Surveillance." Published Jan 19, 2016

See also:
• bloomberg.com/markets/stocks/world-indexes/asia-pacific and SP500 Index
• DomainMondo.com: What Will China's Markets Do ... (video)
• DomainMondo.com: Global Pulse: China Markets Hit Circuit Breaker Again (videos)
• DomainMondo.com: China: Yuan, Markets, Economy, 'Don't Worry...'
• World faces wave of epic debt defaults, fears central bank veteran - Telegraph
• 'WORSE THAN 2007': Top banker warns of looming,,, bankruptcies | Business Insider




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2016-01-07

Global Pulse: China Markets Hit Circuit Breaker Again (videos)



On Thursday, China markets halted again, Brent below $33 a barrel | FirstFT - Published Jan 7, 2016 (London): Josh de la Mare on Thursday's top stories from around the world, including :
  • Brief Chaotic session for Chinese equities, global markets fall in response; 
  • Brent crude falling below $33 a barrel;
  • Netflix launching in 130 more countries.
China's 29 Minutes of Chaos: Stunned Brokers and a Race to Sell - Bloomberg Business"...With share prices going into free fall almost as soon as local exchanges opened, market gurus at Huaxi Securities Co. were at a loss to explain why. One manager of $46 million in Shanghai liquidated all his holdings. Other investors, including a top-performing hedge fund, tried in vain to cash out as circuit breakers brought trading to an abrupt halt..." - see also: U.S. Stocks Join China-Fueled Equities Rout as Crude Declines - Bloomberg Business



Above video: These Forces Control 2016 Markets - Alan Levenson of T. Rowe Price explains how central bank moves and China's slowdown will affect the global economy, and why economic growth may pick up slightly. (6 Jan 2016 - source: Barron's)

Caveat: Watch China's markets Friday

Will China's market chaos lead us into a recession in 2016?

See also on Domain Mondo: Markets In Mainland China Slammed Shut, Global Markets Tumble (video)




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2015-09-29

Glencore Another Lehman? Commodity Prices Affecting Credit Markets



UPDATE: September 29, 2015: Glencore Feels the Pain from China-led Slowdown - Glencore Plc rebounded in London trading a day after the stock fell 29 percent to a record low on concern is debt pile its too large to withstand a prolonged slump in commodity prices. Glencore has been caught up in a China-led slowdown that’s hit prices for commodities from oil to copper to coal. Billionaire Chief Executive Officer Ivan Glasenberg is working on a $10 billion debt reduction plan that includes the sale of assets, shelving of the company’s dividend and a $2.5 billion share sale completed earlier this month.



Glencore may spark a Lehman moment for miners (CNBC)"Hong Kong-listed shares of the Anglo–Swiss commodity giant crashed 27 percent on Tuesday after its London-listed shares plummeted 29 percent in the previous session amid fears about its financial health. A widely-circulated note from Investec [investec.com] on Monday pointed to a debt base well above peers and a lower-margin asset base, warning of a scenario in which earnings could collapse entirely as the firm works purely to repay debt. That would eliminate all shareholder value, the brokerage warned."

Glencore reportedly also has many counter-party transactions, so concerns about a domino effect and the leverage of other parties are high--

"Glencore is like Lehman Brothers, they have the most sophisticated trading desk when it comes to metals, coal, copper, iron ore. They're not just a company processing ore from the ground. If it was to unravel, that could have a global impact... Cheap money has fueled companies for so many years, so to an extent we've been living in cuckoo land. But all this money has not had the desired effect. At some point, we have to let companies go bust so the good companies can actually do well."--Frank Holmes, CEO and chief investment officer at U.S. Global Investors (source: CNBC, supra)

Domain Name: glencore.com

Stock exchange: Symbol - LON: GLEN

Glencore plc is an Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, with its registered office in Saint Helier, Jersey.(Wikipedia)



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