China is planning to put more budget in infrastructure. The country's planning agency expects to boost spending and increase investment to maintain 7% annual economic growth as last year.
Finance/Venture
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India's exports fell 13.6 percent from January a year ago and it has been dropping for 14 consecutive months, while imports contracted 11.01 percent. However, the Reserve Bank of India will not devalue its currency unlike China and Japan.
One of the world's biggest mining company Anglo American Plc announced to sell its share in Kumba Iron Ore on Tuesday. The South African multinational company has suffered loss in its full-year performance.
To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.
National Australia Bank posted an 8% increase in its quarterly cash profit helped by robust results in wealth sector and rise in lending volumes.
R-Square Macro Management is increasing its exposure to Russian currency Ruble. It's hoping on rebound in Ruble as it fell 37 percent from the recent high in 2015. Some asset managers scaled back their wagers on Ruble amid high volatility in the Russian currency.
The Philippines' largest company, San Miguel Corporation will sell bond to small investors. The company is aiming to cut dollar-denominated debt and protect its earnings.
Commerzbank posted a profit for the fourth quarter of 2015, helped by lower provisions for bad debts. The bank expects to report a mild increase in 2016 net profit.
Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.
Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.
Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.
Draper Fisher Jurvetson (DFJ) has raised another venture capital fund. The firm raised $350 million as its twelfth fund. DFJ is interested to invest autonomous transportation, digital health, enterprise transformation, and artificial intelligence.
U.S. Bankruptcy Court of the Southern District of New York on Tuesday ended the liquidation proceeding of the MF Global. Judge Martin Glenn ruled to close the estate of the defunct brokerage and repay the customers $1.8 billion .
Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Asset Management is investing in grooming the talent pool. It's offering two programs to train young graduates.
The Russian Central Bank revoked license for banking for two banks, the Interkommerzbank and Alta Bank. The license revoke is part of the tougher regulation set by the Russian government to help strengthen the country's economy.
