Mark Schlarbaum on Next Rate Hike 2016 has been the year of unexpected outcomes in the markets according to. No one was anticipating a yes vote on Brexit, and fewer still expected a Donald Trump presidential victory. One of the next major global financial events the markets are watching is whether the U.S. Federal Reserve (the Fed) will raise interest …
Bottled fresh air from Canada over $30 in smoggy China
Bottled fresh air’ from Canada, NZ fetches over $30 in smog-hit China How much are people in smog-hit China prepared to pay for fresh air? At least 219 yuan ($31.80) for a 7.7-litre bottle of “pure, hand-bottled, pollution-free, oxygen-rich air from New Zealand” – which works out to 1.2 yuan per breath, according to Chinese media. The bottled fresh air …
China is creating the world’s second biggest stock market
A long-awaited trading link in China is close to becoming a reality, and that’s got people talking about the country’s heavyweight status in financial markets. A link connecting the Shenzhen and Hong Kong stock exchanges is slated to open Dec. 5, making hundreds of China’s fastest-growing companies available to foreign investors. The Shenzhen-Hong Kong Stock Connect also “will essentially create …
China to invest $174 billion in hydro and wind
China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would provide about 300,000 new jobs by 2020. In addition, the country aims to have a market-based subsidy system for …