finance

Global oil prices eased in Asian trade Tuesday, after an overnight hike, ahead of US crude inventory data and China s next step on monetary policies. U.S. crude for January delivery was seen trading at $88.35 a barrel at 12.00 noon Singapore time while Brent crude was at $91.04 a ...
China's shipyards delivered less than 80 percent of their existing orders in the withering global shipping market, said a report from the China Association of the National Shipbuilding Industry (CANSI). A total of 70 million deadweight tonnage (DWT) of ships were scheduled for ...
Although China is trying hard to shift to an economy powered by domestic consumption rather than exports, trade still weighs heavily in its economic blueprint for the next two decades. China aims to strengthen its position as a big trading nation in the next decade and to become ...
The Chinese purchasing managers' index (PMI), which tracks manufacturing growth, fell in December to the weakest level in three months. The decline came after the central government decided to stabilize commodity prices and tighten monetary policy. PMI decreased to 54.4 from 55.3 ...
For exporters in Zhejiang Province's Yiwu, which supplies half of the world's Christmas products, the year 2010 started surprisingly well. Orders jumped to the greatest volume in years, following a slump during the world economic crisis. But, even more surprisingly, after a year ...
Chinese currency, the yuan, weakened 27 basis points Thursday to 6.6322 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...
The yuan strengthened to a record high against the U.S. dollar on the first trading day of the year, to reach 6.6215 per dollar. The central parity rate of the currency, also known as the renminbi (RMB), was set 12 basis points lower than Friday's 6.6227, according to the China ...
Unlike the United States, the European Union does not think the revaluation of yuan, China's currency, could resolve trade imbalances with China, said visiting vice president of the European Commission Joaquin Almunia in Beijing. Both the European Union and the United States have ...
Chinese insurers are expected to report a 25.1 percent increase in profits to 57.6 billion yuan ($8.69 billion) this year, Wu Dingfu, China Insurance Regulatory Commission (CIRC) chairman, said on Tuesday. According to the CIRC, the country's premium income in the first 11 months ...
China's stocks slid for a fifth day Tuesday as market expectations for further rate hikes from the central bank to trim down inflation stayed. The benchmark Shanghai Composite Index fell 1.66 percent, or 46.18 points, to finish at 2,735.22 points. The Shenzhen Component Index ...
As of the end of November 2010, the value of the yuan, China's currency, has appreciated nearly 24 percent against the U.S. dollar and 14 percent against the euro incrementally since China launched the reform of its foreign exchange rate regime in 2005, according to a report by ...
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6252 per U.S. dollar Tuesday, compared with Monday's 6.6305, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...
Stock and currency markets declined in response to China's second rate increases this year while gold regained lost ground. Gold clawed back ground yesterday as bargain hunting rushed in after prices fell about 1 percent in early trade in New York following the People's Bank of ...
The People's Bank of China (PBOC), the country's central bank, reaffirmed Monday that it would give more prominence to stabilizing prices, and implementing a prudent monetary policy during the next year. Further, China will make its monetary policies more targeted, flexible, and ...
Is China's interest rate hike, which was announced on Christmas Day, a welcome gift for investors around the world? As the first trading day opens after China's surprise move on Saturday, the global financial market is anxiously watching and speculating about how China's interest ...
Chinese stocks weakened Monday after the nation's central bank hiked rates on Saturday and amid speculation further monetary policy tightening to combat inflation is in the offing. The benchmark Shanghai Composite Index fell 1.9 percent, or 53.76 points, to finish at 2,781.4, ...
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6305 per U.S. dollar Monday, compared with Friday's 6.6371, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...
Despite slow progress in the past, market-oriented steps are expected in banking in the next five years. China should take more action to promote steady and unwavering marketization of the current rigid interest rate regime, a practice that is widely adopted in developed ...
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6371 per U.S. dollar Friday, compared with Thursday's 6.6466, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...
China might introduce more tightening measures with credit growth standing at 13 to 14 percent next year, China Construction Bank Chairman Guo Shuqing said on Tuesday. "The country is steering its monetary policy back to normal, We expect there will be more interest rate hikes, ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...