Benjamin Chadwick

Benjamin Chadwick graduated from NYU Stern, has been an Associate Professor of Finance at the Kenna Flegler Business School for ten years before switching to a private financial consultancy and correspondent journalism from the Asian stock market. He is focused on the microstructure of securities markets, while he pays special attention to microcap issues.

BOJ

BOJ’s Kuroda says Weak Yen Promises to Benefit Japan

Bank of Japan Governor Haruhiko Kuroda on Tuesday explained the benefits of a weak yen. A weak Japanese currency, he said, helped manufacturers by inflating the value of profits earned overseas. Many manufacturers in Japan now produce goods they sell overseas locally. According to Kuroda, this means a weak yen may not increase export volumes …

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Alibaba

Alibaba Shares up 2% as Beijing Orders Ant Group to Revamp

Alibaba shares in Hong Kong climbed 4% at the stock market’s open on Tuesday. This came after regulators ordered the Ant Group to revamp its business. The Ant Group is Alibaba’s financial technology affiliate.  That, along with an 18.23 billion yuan ($2.78 billion) fine, removed investors’ source of uncertainty. The e-commerce company received the fine …

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Economy

HSBC Agrees to Share files for Huawei’s Meng Wanzhou

HSBC Holdings has agreed to share documents with lawyers for Huawei Technologies executive Meng Wanzhou. This was after the bank previously beat back demand for documents in a U.K. court. Meng has been under house arrest in Canada since being detained at Vancouver airport in December 2018 on a U.S. warrant. She has faced charges …

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Alibaba

Alibaba Might Lower Entry Barriers, Shares Rally

Alibaba CEO Daniel Zhang does not expect any material impact from the change of exclusivity arrangement. This was the CEO’s statement on Monday, referring to the arrangement imposed by China’s regulators. The Chinese regulators’ move came after an antitrust probe found the firm had abused its dominant market position. In an online conference for media …

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China

China Repeats Call to Resist Vaccine Nationalism

The Chinese government urged the international community to resist “vaccine nationalism.” China encouraged nations to coordinate policies to make vaccines accessible to developing countries. This is in order to contain the pandemic, as well as for the sake of the global economy. According to the governor of the People’s Bank of China, Yi Gang the …

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Asian stock

Asia Shares Set for Choppy Trading, S&P 500 Hits Record High

Asian equities will see a choppy session on Friday, with the S&P 500 hitting a record high. Technology stocks lifted the index even as investors assessed an unexpected rise in filing new claims for unemployment benefits. On Thursday, U.S. jobless claims report showed a second straight weekly increase in the number of Americans filing for …

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Biden

Biden Attempting to Ease Housing Shortage

U.S. President Joe Biden is seeking to allay a national affordable housing shortage. This shortage may be eased by pushing local governments to allow apartment buildings in neighborhoods. This refers to neighborhoods that are currently restricted to single-family homes. Biden’s $5 billion plan could place the White House into a debate. It puts older homeowners …

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