Minsheng says loan to Anbang was ‘only US$100m’

The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported....

The S&P 500 has already met its average return for a full year, but don’t expect it to stay here

The average annualized total return for the S&P 500 index over the past 90 years is 9.8 percent. For 2017, in just under half a year, the S&P 500’s total return is 9.7 percent.Looking at these facts side by side, it might seem the market has been twice...