Pinduoduo Harvests Profits In Agriculture Push

China Last Night KraneShares Key News Asian equities were mixed overnight as equity markets in China, Taiwan, and Singapore gained while Hong Kong, India, and South Korea were off and Japan was closed. Volumes were off significantly from Friday’s FTSE Russell index rebalance as investors look for material policy following Vice Premier Liu He’s speech…

A Quiet End To A Wild Week, Week In Review

Week in Review This week saw heightened volatility in the internet sector as the Hang Seng TECH Index was down over -11% on Monday as Asian investors appeared to be taking the Holding Foreign Companies Accountable Act (HFCAA) and its implications into consideration for the first time. On Wednesday, Hong Kong and then US-listed internet…

The Fed Does As Expected, Giving Reason For Both Relief And Disappointment

Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images Federal Reserve (Fed) policy makers have fully met market expectations. As part of their still-new counter-inflationary effort they have ended their practice of directly buying securities in financial markets, what the Fed calls “quantitative easing” and raised the benchmark federal funds rate…

Crypto Exchange Kraken Will Use Russian Trading Fees For Up To $10 Million In Donations To Ukraine Customers

Jesse Powell, chief executive officer of Kraken Bitcoin Exchange, sits for a photograph at the company’s office in San Francisco, California, U.S., on Friday, Aug. 8, 2014. KPhotographer: David Paul Morris/Bloomberg *** Local Caption *** Jesse Powell © 2014 Bloomberg Finance LP Kraken CEO Jesse Powell has taken to Twitter multiple times in recent weeks…