Year: 2019

China’s market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website. The decision comes as China steps up regulation over auto sales in the world’s biggest vehicle market, where more than 28 million cars were sold last year. The anti-monopoly bureau of State Administration for Market Regulation said that between 2015 and 2018, the Japanese carmaker set a minimum sales and resale price for its cars in coastal Jiangsu province, which deprived dealers of …read more […]

“Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge going forward,” the central bank said in its bi-annual Financial Stability Report (FSR) released on Dec. 27. State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said. The country’s shadow banking sector has been struggling since last year after the collapse of IL&FS, a major infrastructure lender. …read more […]

Q3 2019 China Finance Online Co Ltd Earnings Call …read more […]

Yahoo Finance’s Brian Sozzi and Brian Cheung discuss how big banks will restructure in 2020. …read more […]

Indian mobile operators are losing around 24.5 million rupees ($350,000) in revenue every hour they are forced to suspend internet services on government orders to control protests against a new citizenship law, a top lobby group said on Friday. Countrywide protests have raged for three weeks after India’s parliament passed legislation which gives minorities from neighboring Pakistan, Afghanistan and Bangladesh a path to citizenship but excludes Muslims. To quell protests, government has deployed thousands of police as well intermittently ordered mobile data shutdowns at a time people have used social media such as Instagram and TikTok to wage …read more […]

Goldman Sachs is bullish on these health care stocks. Last U.S. presidential election season, health care stocks didn’t perform very well. Political headline risk related to drug pricing and “Medicare … …read more […]

(Bloomberg Opinion) — In between dealing with margin calls, Aubrey McClendon spent some of 2009 liquidating his famously well-stocked wine cellar in the non-fun way. In vino veritas, as it turns out: McClendon’s vintage version of the financial crisis, after his meteoric rise at the helm of fracking pioneer Chesapeake Energy Corp., embodied the wild successes, excesses and lasting hangover of the shale boom.That same year, an analyst at Sanford C. Bernstein published a report titled “Will Chesapeake’s Board Please Stand Up?”, calling for reform of the company’s almost laughable governance. McClendon eventually stepped down (he died in 2016), and …read more […]

Top news and what to watch in the markets on Friday, December 27, 2019. …read more […]

Headlines moving the stock market in real time. …read more […]

(Bloomberg Opinion) — A presidential impeachment trial in the Senate is one man’s worst nightmare. That man isn’t President Donald Trump, however. He’ll take it in stride. It’s Chief Justice John Roberts, who will have to preside.Roberts has devoted his whole career to trying to keep the Supreme Court from being seen as a partisan body. That started with the famous baseball analogy he offered at his Senate confirmation, according to which the justices are like umpires who call balls and strikes. The comparison is pretty dubious: balls and strikes aren’t infused with controversial moral questions like when life begins …read more […]