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Global banking fallout is vindication for China stocks bulls

BLOOMBERG  Bank rescues on both sides of the Atlantic. Global markets in turmoil. American and European policy makers rushing to turn the tide. In contrast, China’s markets were calm and buoyant on Thursday. After countless scenarios of doom for Chinese assets, its markets stand out right now for their quiet gains. Following another day of turmoil in the US — ...

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Argentina sells $2 billion in peso debt after ordering bond swap

BLOOMBERG  Argentina sold around 417 billion pesos ($2 billion) in peso-denominated notes and bonds via auction, the latest step in managing a massive local debt pile as the government seeks to extend maturities until after presidential elections in October. The Treasury sold the securities after receiving offers for around 664 billion pesos, according to an emailed statement from the economy ...

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Taiwan’s central bank likely to hold key rate

BLOOMBERG  Taiwan’s central bank governor has a tough balancing act to pull off in his first interest rate decision since renewing his term in office. Governor Yang Chin-long must grapple with inflation that remains uncomfortably high, an economy that’s contracting, a still hawkish Federal Reserve, and global financial markets in turmoil. Most economists surveyed by Bloomberg expect he will lead ...

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