China’s stocks fell to a two-week low as speculation the government may cut growth targets at an economic policy meeting overshadowed a report showing new loans and the broadest measure of credit exceeded estimates.
The cost of locking in Chinese interest rates using swap contracts fell to the lowest level in a week as the first sales of negotiable certificates of deposit eased concern that borrowing costs will climb.
JPMorgan Chase & Co., the biggest U.S. lender by assets, is forecasting a 30 percent surge in the value of mergers and acquisitions the bank expects to handle in Asia next year, a rebound from this year’s decline.
Autohome Inc., a Chinese automobile information website, jumped in its first day of trading in New York, on prospects the company will benefit from growing vehicle sales in the world’s biggest new car market.
Samsung Electronics Co. built the world’s largest smartphone business by tapping China’s cheap and abundant workforce. Not for much longer: it’s shifting output to Vietnam to secure even lower wages and defend profit margins as growth in sales of high-end handsets slows.