Former teenage soldier hatches millions from Chinese egg futures SHANGHAI, Aug 2- A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS- a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets: egg futures. The story of how he earned so much...
| By: Engen Tham
Private equity pioneer Kohlberg dies at age 90 Jerome Kohlberg Jr., the veteran financier who pioneered the leveraged-buyout industry, died on Thursday at his home in Martha's Vineyard. He was 90.
Source: The New York Times
| By: Michael J. de la Merced
UPDATE 2-S.Korea July exports fall, outlook on China grows gloomier SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.
| By: Christine Kim and Choonsik Yoo
GLOBAL MARKETS-U.S. labor data weigh on dollar, Treasury yields *Wall Street closes lower, energy stocks drag. NEW YORK, July 31- The dollar fell and benchmark U.S. Wall Street stock prices closed down, after surrendering early gains from the Employment Cost Index data showing the smallest quarterly increase in 33 years.
| By: Michael Connor
CORRECTED-UPDATE 1-Indoor cycling fitness chain SoulCycle files for IPO (July 30) 30)@ (Corrects revenue figure in July 30 story to " $112 million" from " $93.8 million" in paragraph 8). July 30 (Reuters)- Indoor cycling fitness chain SoulCycle Inc filed with U.S. regulators for an initial public offering of common stock, underscoring the rising popularity of boutique chains that cater to specific workout methods such as spinning, yoga and barre.