Report: Documents show U.S. has approved sale of Chicago Stock Exchange to Chinese firm

The sale was approved despite the objections of several U.S. lawmakers. /Getty Images

 

The sale was approved by the Committee on Foreign Investment in the United States (CFIUS) to a Chinese group led by Chongqing Casin Enterprise Group despite the objections of several U.S. lawmakers who cited concerns about the level of influence the Chinese state might gain over the Chicago exchange, Reuters reported. Continue reading

Calm Before the Storm: Germany Should Prepare for Severe Export Crisis

The world economy is experiencing an alarming state of calm before a potentially violent storm. The IMF has warned of significant stability risks associated with the economic slowdown in China and the crisis in the emerging markets, the newspaper reported.

“We are witnessing a classic emerging markets’ crisis, which is [currently] forming,” the article said. Continue reading