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Oil Price Falls on Rising Dollar

U.S. crude oil futures price fell on Friday as the U.S. dollar strengthened. The U.S. Labor Department said on Friday that non-farm payrolls increased by 103,000, well below economists' expectations for 175, 000. However, the unemployment rate fell to 9.4 percent, the lowest ...

Gold Ends Lower for 4th Day as Dollar Strengthens

Gold futures on the COMEX Division of the New York Mercantile Exchange further declined on Friday, marking the fourth straight drop this week, as the dollar rallied on improved economic outlook. The most active gold contract for February delivery dropped 2.8 dollars, or 0.2 ...

Wall Street Opens Higher after Jobless Claims

Wall Street headed up in early trading on Friday despite mixed jobless data. The Labor Department said employers added 103,000 jobs in December, an improvement from November but far below most analysts' expectations. The nation's unemployment rate dropped to 9.4 percent last ...

China's 2010 Land Transfer Revenue Up 70 Pct

China's land transfer revenue soared 70.4 percent to 2.7 trillion yuan (407.3 billion U.S. dollars) in 2010, as the country's fast urban development increased demand for land, the head of the Ministry of Land and Resources said Friday. Planned land supply in 2010 reached 2.7 ...

China's Inflation to Peak in Jan

China's consumer price index (CPI) inflation is likely to rise to 4.0 percent for 2011 from 3.3 percent last year, which is to peak in January at as high as 6.0 percent, forecast Daiwa Capital Markets in its outlook report released on Friday. Daiwa, a wholly-owned investment ...

Home Appliance Sales within Trade-in Program Hit 121 Bln Yuan in 2010

Sales of new home appliances within a government-backed home appliance trade-in program, hit 121.11 billion yuan (18.35 billion U.S. dollars) in 2010, the Ministry of Commerce said Friday. The program, which was begun in June 2009 to boost domestic consumption and curb pollution, ...

Fosun and Chindex form joint venture

Fosun Pharmaceutical (Group) Co Ltd announced on Wednesday that it will establish a joint venture with the US-based healthcare company Chindex International Inc to explore the domestic medical device market. Fosun will hold a 51 percent stake after injecting $20 million, with ...

Chinese Shares Close Higher after Ping An Fund-raising Rumor Quashed

Chinese equities closed higher Friday after speculation Ping An Insurance was planning to raise a large amount of funds proved false, easing liquidity concerns. The benchmark Shanghai Composite Index rose 0.52 percent, or 14.60 points, to close at 2,838.80 points. The Shenzhen ...

Asian Market Roundup Jan 7

China Chinese equities closed higher on Friday as the benchmark Shanghai Composite Index went up 0.52 percent, or 14.60 points, to close at 2,838.80 points. The Shenzhen Component Index lost 0.2 percent, or 25.72 points, to close at 12,573.94 points. Hong Kong stocks went down 97...

"Made in China" Undergoing Changes

Lingering cold fronts caused sales of telescopes to be slack, as fewer people went observing outdoors. But Jinghua Optics and Electronics Ltd., a telescope manufacturer in southern China's Guangzhou, kept receiving orders. What clients ordered were tiny projectors, which the ...

Yuan Weakens 27 basis points to 6.6322 per USD Thursday

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 ...

U.S. Stocks Rose on Jump of Hiring

U.S. stocks headed up on Wednesday due to positive job data. Private employers added 297,000 jobs in December. The jump in payrolls from the ADP survey came in far above the 100,000 rise economists expected. The reading was 92,000 in November. Economists often use the ADP report ...

Chinese Farm Produce Prices Rose Last Week: MOC

The prices of Chinese farm produce edged higher last week, boosted by New Year holiday demand, the Ministry of Commerce said Wednesday. Low temperatures and freezing rain in some parts of China also pushed up prices, the ministry said in a statement posted on its website. During ...

China's Yuan Hits New Record High at 6.6215 per USD

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 ...

Fiat Companies Debut on Milan Stock Exchange

The two Fiat separate companies debuted on the Milan stock exchange on Monday, marking an historic day for Italy's car giant, local media reported. Fiat divided itself into two companies to allow its car and truck businesses to pursue separate development strategies. The original ...

Asian Market Roundup Dec 31

China Chinese equities posted large gains on the last trading day of 2010. The benchmark Shanghai Composite Index was up 1.76 percent, or 48.5 points, to close at 2,808.08 points on Friday. The Shenzhen Component Index jumped 2.63 percent, or 319.66 points, to close at 12,458.55 ...

Americas: API ANALYSIS: US crude stocks drop in steep, but seasonal, decline

US crude stocks dropped a steep 7.511 million barrels to 337.057 million barrels with a sharp decline in imports contributing to the inventory draw the week ending December 31, an analysis of the oil data released Tuesday by the American Petroleum Institute showed. At 337.057 ...

Analysis: Global market has jitters over China's interest rate increase

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 ...

Gold further retreats as investors cash in holdings at yearend

Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday declined for the second straight day amid low turnover, as investors cashed in their gold holdings at the yearend after this year's strong rally. The most active gold contract for February delivery ...

More global Chinese IPOs

Chinese IPOs in global markets will likely raise more than $300 billion by the end of the year, topping worldwide IPO fundraising in terms of the number of deals and the proceeds raised, Ernst &Young said on Tuesday. In the first 11 months of this year, Chinese-listed companies ...
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china

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world

finance

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industry

Chinese leader calls for more marine power
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Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Super car club in commercial drive
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trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
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Yao's gift of sport for all
Yao's gift of sport for all
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