Finance Matters

Posts Tagged ‘China’

Before we get too focused on Europe for the day, we just wanted to circle back to China real quick, where the market lost another 1% (almost in Tuesday trading).

This continues to be one of the wreckiest stock markets out there.

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See Also:

• Deutsche Bank: Fears Of A China, Europe Slowdown Impacting The US Are Way ‘Overblown’
• The Surge In Chinese Loans Means One Of The Worst Parts Of The Economy Is Starting To Turn Up
• Deutsche Bank Analyst: China Has ‘Landed Already’

Embattled defenders of horseracing in the UK and Ireland will allow themselves a wry smile at China’s decision to buy into Irish thoroughbred racing and breeding expertise. Just as communist China is trying to breathe new life into a sport it once outlawed, racing is under fire in the decadent west.

The 2012 Grand National at Aintree – next time, Tianjin? (AP Photo/Jon Super)

The news that Ireland will help China set up a $2bn national equine centre came the day after critics renewed calls for a ban on the Grand National – English racing’s best-known and most gruelling steeplechase. Two horses had to be destroyed after falling in Saturday’s race.

This is from Andrew Sheng of the Fung Global Institute and it was part of a presentation given at the INET conference.

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See Also:

• Deutsche Bank Analyst: China Has ‘Landed Already’
• Bad Night In Asia — US Markets To Open Sharply Lower
• Why Bank Of Japan Is Likely To Ease This Week

From The Treasury’s big slideshow on the bailout.

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See Also:

• TREASURY: Here’s Proof That The Bailouts Were Awesome
• Traders Walk Out Of The CME En Masse After A Controversial Trade
• The Navy Says Its New $700 Million Combat Ship Will Never Survive A Shootout With China

To celebrate its 20th year in China, Ferrari is unleashing a limited edition 458 Italia, only 20 of which will be made for the country, according to Carscoop.

What will set the supercar apart, besides its rareness?

Among the features is a front hood dragon horse livery, which Carscoop writes is inspired by a Chinese idiom. The car’s head rests are embroidered with gold, and its wheels gold finished. 

It’s painted in Marco Polo red, and the engine start button is labeled in Chinese.

Here are some more picture of the car: 

Now check out how Pagani’s new $1.4 million Huayra supercar is made >

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See Also:

• Take A Peek At The Supercars Of The New York Auto Show
• China Surpasses The US To Become Bentley’s Biggest Market
• SPOTTED: Even Ferraris Aren’t Immune To Parking Tickets