Alibaba.com tumbled 8.8% Thursday, a day after Yahoo finally answered investor chirping by announcing it will spin off its remaining stake in the Chinese e-commerce giant to shareholders. Are we looking at a case of be careful what you wish for? The assumption held by those clamoring for Yahoo to spin off the Alibaba stake has been that fast-growing Alibaba basically accounts for the entire current value of Yahoo stock, and divesting it in a tax-free manner is the best way to deliver ...
Chinese CPI dropped below 2% - Danske Bank Analyst Anders Fischer at Danske Bank noted the sharp drop of Chinese consumer prices during April. Key Quotes “In China consumer price inflation in April dropped markedly to 1.8% y/y (consensus: 2.1% y/y) from 2.4% y/y in March and inflation in China is now at the lowest level since October 2012”. “The drop in inflation in April was mainly driven by lower food prices. Food-price inflation is likely to ...
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