News Paper Summary Essay Example | Topics and Well Written Essays - 500 words - 6

News Paper Summary - Essay Example The article focuses on the rising stocks in China. The stocks are attracting investors because of the cheap markets and its big economy. Shanghai’s composite index rose to the highest in the sixth consecutive day. The rise is the highest in the past nine months. The index brings it to close ranks with Hong Kong. The stocks, however, experienced dull performance most times of the year. The property market also struggled through the first half of the year. The government and banks have unveiled plans that are spurring optimism on the economy. Its currency has hit a three month high in this week only. The article is about how the New York’s bank regulator plans to install monitors at the US offices of Deutsche and Barclays banks. The plans are in accordance with plans to intensify investigations on possible foreign-exchange market manipulation. The state’s financial department has already notified the banks’ lawyers about the move. The two banks have been selected for extra scrutiny because their records compared to others hint to potential problems. Both banks have accepted to cooperate with investigators and take action on individuals found guilty. The banks have previously been engaged in other different financial wrangles with the state. They have also previously suspended and fired many senior executives and staff because of criminal and civil foreign-exchange probes. The article focuses on the rough and tough times celebrities are having with their prepaid-business cards. Celebrities such as Kardashians and Magic Johnson have closed their business card ventures. Lil Wayne has also stooped further applications. The cards help people who intend to avoid bank accounts and related fees. The cards are acceptable in business transactions where other debit and credit cards are acceptable. The celebrities face market competition from banks and other big