Articles by simon yao

  • China bank shares pull down Hong Kong HSI, property lifts Shanghai

    July 06 2012 10:44 AM

    Chinese banking shares tumbled in Hong Kong on Friday after China's second interest rate cut in weeks raised concerns that bank net interest margins would erode and that growth in the world's second-largest economy is weaker than feared.

  • The ?Black Hole of Deflation? turns into runaway inflation. What of Gold & Silver - Part 3

    July 06 2012 10:28 AM

    In a Democratic world as well as in undemocratic nations the political and social consequences of deflation are considerably worse than those of inflation.

  • Gold Falls After Poor U.S. Jobs ReportGold Falls After Poor U.S. Jobs Report

    July 06 2012 10:25 AM

    Gold fell more than 1 percent in choppy trade on Friday as investors turned to the perceived safety of the dollar, relinquishing the euro and bullion after U.S. data showed employers hired at a dismal pace in June.

  • Bank of England prints money again to boost UK economy

    July 05 2012 8:54 AM

    The Bank of England launched a third round of monetary stimulus on Thursday, announcing it would restart its printing presses and buy 50 billion pounds of asset purchases with newly created money to help the economy out of recession.

  • China surprises with second rate cut this year

    July 05 2012 8:53 AM

    China's central bank cut interest rates for the second time in two months on Thursday to bolster an economy widely expected to record its sixth successive slide in growth in April-June.

  • European shares post modest gains ahead of ECB

    July 05 2012 8:51 AM

    European shares rose on Thursday, reigniting a recent strong rally as investors awaited policy action from the European Central Bank to help shore up the euro's struggling economy.

  • Hong Kong shares at highest since May 15, China weak

    July 05 2012 8:50 AM

    Hong Kong shares reached their highest close since May 15 on Thursday but gains came in this year's second-lowest turnover, suggesting investors remained worried about the Chinese economy and cautious ahead of a European Central Bank meeting.

  • Copper, Gold Hit Session Highs After China Cuts RatesCopper, Gold Hit Session Highs After China Cuts Rates

    July 05 2012 8:42 AM

    Spot gold and London Metal Exchange copper hit session highs on Thursday after China's central bank said it had cut benchmark interest rates.

  • Russian Gold/fx Reserves Decline To $512.9 BlnRussian Gold/fx Reserves Decline To $512.9 Bln

    July 05 2012 8:39 AM

    Russia's gold and foreign exchange reserves declined to $512.9 billion in the week to June 29 from $513.1 billion a week earlier, central bank data showed on Thursday.

  • Gold Rises After China Cut; Focus On RatesGold Rises After China Cut; Focus On Rates

    July 05 2012 8:35 AM

    Gold neared two-week highs on Thursday, after a surprise rate cut from China, although investors were wary of pushing the price aggressively ahead of an expected European Central Bank rate cut later in the day and key U.S. jobs figures on Friday.

  • Precious Metals Paper Sellers Conveniently Trapped

    July 03 2012 10:48 AM

    The large and mostly naked holders of short positions in precious metals are conveniently trapped, especially in the silver market. Covering in any meaningful way would blow the U.S. Dollar's cover.

  • Wall Street opens flat ahead of holiday

    July 03 2012 10:24 AM

    U.S. stocks opened flat on Tuesday as investors aimed to head into the Independence Day holiday without making big positions in their portfolios.

  • Global shares rise as hopes of policy easing grow

    July 03 2012 10:23 AM

    Global shares rose on Tuesday as expectations rose that major central banks will take more action to support the world economy, after factory data highlighted the drag on growth from the euro zone debt crisis.

  • Nikkei opens slightly firmer as weak U.S. data fans Fed hopes

    July 03 2012 10:22 AM

    Japan's Nikkei share average opened slightly firmer on Tuesday after surprise weakness in U.S. manufacturing data fanned renewed speculation the U.S. Federal Reserve may step in to boost growth.

  • Stimulus hopes help European shares maintain momentum

    July 03 2012 10:21 AM

    European shares were higher at midday on Tuesday as investors bet on more policy action from politicians to boost flagging global growth as the relief-rally at the start of the second-half continued.

  • Hong Kong shares reach a 7-week high, China edges up

    July 03 2012 10:20 AM

    China shares rose for a third day while the benchmark in Hong Kong, which reopened on Tuesday after a holiday, was Asia's top performer, spurred by hopes of more monetary easing by the European Central Bank to revive economic growth.

  • Gold Vaults $1,615 On Prospect Of Policy EasingGold Vaults $1,615 On Prospect Of Policy Easing

    July 03 2012 10:17 AM

    Gold prices rose more than 1 percent on Tuesday, gathering steam above $1,610 per ounce, with broad sentiment lifted as increasingly poor economic data raised expectations that leading central banks will ease policy further to stimulate growth.

  • The Gold to Silver Price Ratio and the Surge in Silver Jewelry Buying

    July 02 2012 3:13 PM

    Some would say that the gold to silver price ratio is meaningless.

  • In the IPO capital of the world, Western banks go hungry

    July 02 2012 11:14 AM

    A sleepy fishing village just three decades ago, the southern Chinese city of Shenzhen last year hosted more IPOs than New York, Hong Kong and London combined - averaging one each business day, and unleashing a gush of fees for bankers, lawyers and advisers.

  • Global stocks retreat, euro slips on weak data

    July 02 2012 11:13 AM

    Stocks retreated and the euro slipped on Monday as investor euphoria over Friday's deal on the European debt crisis ebbed and weak economic data from around the world weighed on the outlook for global growth.