Investors who closely followed the stock picks of one of China’s most successful brokers are wandering in the wilderness and wondering what will happen next to their unemployed luminary Wang Yawei.In April, and without warning, Wang resigned from his position as a star public funds manager for China Asset Management Co. Ltd.
Australia’s third quarter inflation rate stood at 5.4%, slightly higher than expected. The reading will give clues to the country’s central bank next moves.
The central government formalized a process for local governments to borrow for the year ahead starting in the preceding fourth quarter, state media said.