Robert Maynard Presents New York Times Business Section
By Associated Press
Several thousand demonstrators rallied in front of the Parliament building, awaiting word on new bailout terms.
Published: July 10, 2015 at 12:00AM
Updated: A longtime journalist and former spokesman for Reps. Giffords and Barber has been named to the Clean Elections Commission, which oversees Arizona’s voter education and campaign finance programs. Mark Kimble was a harsh critic of the program as an opinion writer for the Tucson Citizen.
Source – business | TucsonSentinel.com http://ift.tt/1Cu3fpZ
The Chinese stock markets have experienced significant turmoil in recent weeks, with the Shanghai Composite Index – the country’s major reference – falling by 32% since June 12. But this fall was preceded by an equally sharp rise of 150% over the previous nine months. In the 20 years since I have been working in finance, I’ve never seen anything like this. So what is going on with the Chinese stock market?
There are several reasons for this unusual behaviour: firstly, when I teach stock market investment to my Chinese students, I always remind them that the Shanghai stock exchange should be thought of more as a casino, rather than as a proper stock market. In normal stock markets, share prices are – or, at least, should be – linked to the economic performance of the underlying companies. Not so in China…
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