Thomas Monaco, who helped manage FrontPoint Partners LLC’s financial services investments, is seeking to start a hedge fund focused on Asian financial stocks, said four people with knowledge of the matter.
Carnival Corp. is towing its stricken Triumph cruise ship, which suffered an engine room fire two days ago, to Mobile, Alabama, instead of to Progreso, Mexico, as passengers complain about conditions onboard.
China’s first interest rate cut since 2008 and loosened controls on lending and deposit rates are a “sign of panic” and will not do anything to boost the economy, Jim Walker, chief economist at Asianomics Ltd. said.
From her leafy, 11th-floor rooftop terrace at the headquarters of Soho China Ltd ., billionaire Zhang Xin scans the relentlessly expanding Beijing skyline she helped create. Zhang’s avant-garde buildings -- some sleek as chopsticks, others stepped like rice terraces -- became part of the hottest real estate market on Earth in 2010.
Andy Rothman, a former American diplomat who now runs China macro-strategy at CLSA Asia-Pacific Markets, had a blunt message for the broker’s clients in May 2011: The Communist Party’s control of finance companies leads to “high-frequency interference.”