Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement: How to Design A … ( read original…
FINANCE
With Wall Street Banks Charging In, China’s Huatai Looks Abroad
(Bloomberg) — As Wall Street banks ramp up investments in China to win a bigger slice of the $45 trillion finance market, some of China’s biggest brokerages are going the other way. Brushing off ……
United Airlines to Sell 22 Planes to Bank of China Aviation
United Airlines Holdings Inc (UAL) will sell and lease back 22 planes to Bank of China (BOC) Aviation, for an undisclosed sum.The deal comprises six Boeing 787-9 aircraft and 16 Boeing 737-9 MAX … (…
China’s Gome to raise $200 mln through debt sale to Pinduoduo – source
Chinese electronics retailer Gome Retail Holding is planning to raise $200 million through a convertible bond issue to e-commerce platform Pinduoduo, a source with direct knowledge of the matter said … ( read original story…
China posts first GDP decline on record as coronavirus cripples economy
China’s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop … ( read…
Wall Street’s Bid to Conquer China Faces Same Pitfalls as Before
Wall Street banks have spent more than a decade chasing profits in China with scant success. Now, as the nation opens its doors to more competition, the global banks’ renewed ambitions risk being … (…
Amid international skepticism, China defends its official data after revising Wuhan death toll upward by 50 percent
China revised its official coronavirus death toll in Wuhan, the original epicenter of the outbreak, by around 50 percent more Friday, citing new statistical evidence that has emerged as the city … ( read original…
Texas Eases Rules; California Forms Task Force: Virus Update
President Donald Trump posted a series of tweets calling to “liberate” states after some protests against lockdowns meant to slow the spread of the coronavirus. Texas and Minnesota took steps to ease … ( read…
China Catering Industry One of Bigger Drags on Virus-Hit Economy
China’s catering industry was one of the biggest drags on output in the first quarter, leading the world’s second-largest economy into its first contraction in decades as the coronavirus brought … ( read original story…
China set to cut benchmark rate after first GDP contraction on record: analysts
China is widely expected to cut its benchmark lending rate on Monday to provide further support for the-hit economy, which shrank for the first time on record in the first quarter, a Reuters survey of…
The coronavirus outbreak might be nearly over in China, but economic hardship is not
China’s GDP shrank 6.8% in the first quarter of 2020, the first contraction since at least, 1992, when the country began releasing such figures. ( read original story …)
China Is Part of the ‘New Axis of Evil,’ Must Be Held Accountable for Pandemic, Senator Blackburn Says
We know they caused the COVID virus,” Blackburn said. “They did this by hiding information, by lying about what was happening. ( read original story …)
China’s half-century of unrivaled economic growth screeches to a halt
A half-century-long period of economic growth in China screeched to a halt on Friday, when Chinese officials said that the world’s second-largest economy shrank 6.8 percent in the first three months … ( read original…
