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WASHINGTON, Sept. 22 (Xinhua) -- China's role in the global economy has not been weakened amid escalating geopolitical tensions, and companies worldwide saw growth opportunities in Asia led by China, Douglas Flint, chairman of global investment firm Standard Life Aberdeen, has said.
This follows gains in companies such as Alibaba
NEW YORK: Wall Street's 'fear gauge' is soaring again, as investors spooked by Thursday's market decline rushed to load up on options protection, but analysts said the intensity of the move in volatility does not necessarily point to a market crash.
LONDON: In the 19th century California gold rush, the surest way to a fortune, according to Mark Twain, was to be in the “pick and shovel business.” If 2020 gold fever has an equivalent, it’s the ETF business.
NEW YORK: Investors could get a hint from Federal Reserve Chairman Jerome Powell this week about how aggressively the U.S. central bank will try to manage the long-term recovery from the coronavirus pandemic.
BEIJING: China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S.
BEIJING: China has approved a wealth management joint venture between U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB), as China gradually opens up its financial sector to international firms.
NEW YORK: A loose coalition of New York’s top property owners and managers is pressing many of the city’s biggest employers –including powerhouses like Goldman Sachs, Blackstone and BlackRock – to speed up the return of workers.