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"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages.
As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a joint statement vowing a campaign against these trades, sending US-listed Chinese stocks tumbling.
The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers...
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Jun 24, 2026 / Tyler Durden
Rheinmetall Plunges After Germany Scraps Warship Order
Rheinmetall Plunges After Germany Scraps Warship Order
Rheinmetall shares plunged as much as 17%, the largest intraday drop in more than a year, after the Financial Times reported that Berlin has scrapped a multi-billion-euro program to build six F126 frigates.
The German Ministry of Defense told FT on Wednesday that the decision was due "to significant delays in the project, foreseeable cost increases and the risks that would have been associated with a change of main contractor," adding that changing the contractor would have added even more costs but also required...
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Jun 25, 2026 / Tyler Durden
So, How's Spain's Mass Migrant Amnesty Working Out?
So, How's Spain's Mass Migrant Amnesty Working Out?
Authored by Aaron Hanscom via PJMedia.com,
Half a million.
That's the number that made headlines in April when Spanish Prime Minister Pedro Sánchez's Socialist government approved plans to grant legal status to 500,000 illegal migrants.
But a leaked police report warned that the true number could be much higher, estimating that between 750,000 and 1 million illegal migrants living in Spain could apply for amnesty, in addition to 250,000 to 350,000 asylum seekers.
The report described the amnesty plan's "very intense media impact, especially in Latin America" and...
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Jun 11, 2026 / Tyler Durden
Futures Rise, Oil Drops As US Ends Iran Strikes
Futures Rise, Oil Drops As US Ends Iran Strikes
US equity futures are higher led by tech and small caps, with traders buying the dip in stocks as a swift conclusion to the latest round of US strikes against Iran raised expectations that talks over a peace deal and the reopening of the Strait of Hormuz will get back on track. As of 8:00am ET, S&P futures rise 0.7% to recover from a five-week low after Trump forewarned Iran would be hit “very hard,” followed by swift and superficial strikes; Nasdaq...
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