'Sell in May and go away" is a debatable trading adage but one which has stayed with investors through the years. The long-term unreliability of the maxim notwithstanding, there is growing uncertainty as we approach the midway mark for 2014.
The second wave of US sanctions against Russian officials and the heated rhetorical exchange between the leaders of both countries, with each side blaming the other, show that Washington-Moscow relations have bottomed out. Ukraine has moved closer to civil war after Donetsk and Luhansk provinces in the eastern part of the country voted for independence in a referendum on Monday.
In a move to create a more transparent and multilayer capital market and promote its healthy development, the State Council promulgated a guideline detailing an array of capital market reforms on Friday.
A Chinese translation of Allen B Jacobs' The Good City - Reflections and Imaginations was published in January. That its publication coincides with the release of the Chinese government's new urbanization plan is timely, as it poses the question what a good city should be like.
THE TIMING OF THE AUTHORITIES' LATEST promise on financial reforms might have made it look like a stopgap effort to boost the country's sagging stock market.
Last Saturday, there was a public protest in Hangzhou, Zhejiang province, over a planned waste incinerator. Because of the health and environmental concerns associated with them, this is not the first protest against plans for a waste incinerator in recent years.
Premier Li Keqiang's just concluded four-nation visit to Africa was as profound as it was potentially game changing. From the look of things, Li's first visit to Africa since assuming office in 2013 heralds a completely new, re-invigorated and expanded horizon in Sino-African cooperation.
The Philippines detained 11 Chinese fishermen for unverifiable crime after seizing their vessel near China's Half Moon Shoal in the South China Sea on May 6. On Monday, the Philippines defied China's demand to free the fishermen and charged nine of them with poaching more than 500 endangered sea turtles. Two fishermen, both minors, will be sent back home.
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