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Gold settles lower on strengthened dollar

Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday further declined on Friday, as a stronger dollar reduced the appeal of gold. Besides, disappointing Italian bond auction added to the negative tone. The most active gold contract for December ...

China's Road Passenger, Cargo Traffic Continues to Expand

China's road passenger and freight transport extended growth in the first 10 months of 2011, a transportation official has said. From January to October, the country's road transportation served 27.2 billion passengers, up 7.7 percent from a year earlier, while overall ship ...

U.S. Stocks End Lower in Holiday-shortened Session

U.S. stocks ended lower on Friday, with the S&P 500 and the Nasdaq falling for the seventh straight day, as market sentiment was still heavily weighed by concerns over intensified European debt problems. The Dow Jones industrial average dropped 25.61 points, or 0.23 percent, to ...

U.S. Oil Edges Up after Choppy Trading

U.S. crude oil price edged up on Friday after choppy holiday trading amid concerns about a worsening European debt crisis scenario, but still posting its second straight weekly loss. During Thanksgiving holiday, the trading volumes were low, which increased market volatility. U.S...

China to launch interbank trading of AUD, CAD against yuan

China will launch the trading of the Australian dollar (AUD) and the Canadian dollar (CAD) against the yuan on the interbank foreign exchange market starting from Nov. 28, the China Foreign Exchange Trade System (CFETS) announced Thursday. The move followed the introduction of ...

Singapore market closes almost flat

Singapore shares ended almost flat with 0.02 percent up, as investors took cue from a weak German bond sale that exacerbated fears over the eurozone debt crisis. CIMB Research said, "We continue to stick to our short term target of 2,658 points but we would be on a lookout for a ...

Hong Kong stocks end 0.4 pct higher

Hong Kong stocks edged up on Thursday, with the benchmark Hang Seng index closing up 70.67 points, or 0.4 percent, to end at 17,935.1 points, after trading between a day high of 17,997.07 and a day low of 17,657.69 points. Turnover totaled 53.75 billion HK dollars (about 6.9 ...

Gold price closes lower in Hong Kong

The gold price in Hong Kong moved down 20 HK dollars to close at 15,770 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,698.22 U.S. dollars a troy ounce, down 2.59 U.S. dollars at the latest exchange rate of ...

China's shares open lower, tracking Wall Street decline

Chinese shares opened lower on Thursday, tracking overnight losses on the Wall Street. The benchmark Shanghai Composite Index opened at 2,379.15, down 0.66 percent. The Shenzhen Component Index fell 0.68 percent to open at 9,889.55.

China's stocks end losing streak

China's stocks rebounded mildly on Thursday, with the benchmark Shanghai Composite Index ending a six-day losing streak amid hopes for more credit-loosening measures. The Shanghai Composite Index edged up 2.49 points, or 0.1 percent, to close at 2,397.55. The Shenzhen Component ...

China's stocks close slightly higher on Thursday

Chinese stocks closed slightly higher on Thursday, with the benchmark Shanghai Composite Index up 2.49 points, or 0.1 percent, to close at 2,397.55. The Shenzhen Component Index edged up 9.43 points, or 0.1 percent, to finish at 9,966.74.

Nikkei falls 1.80 pct on renewed eurozone fears

Tokyo stocks fell sharply Thursday, with the benchmark Nikkei stock index losing 1.80 percent to close at its lowest level since March 2009, as a German debt auction reignited fears about Europe's debt crisis and doused investor sentiment. Local analysts said that concerns about ...

China's Oil Output to Rise Steadily as Gas Output Soars

China's oil production will rise steadily over the next 20 years, and its gas output will soar, the Ministry of Land and Resources said Thursday. Combined oil and gas output is expected to rise to 360 million tonnes of oil equivalent by 2015 and 450 million tonnes by 2030, up ...

Offshore Yuan Market 'Vibrant'

Although growth of Hong Kong's yuan deposits has slowed, the offshore yuan market remains vibrant and overseas demand for the currency will keep rising, Norman Chan, chief executive of the Hong Kong Monetary Authority (HKMA), said on Wednesday. "Compared with last year, in 2011 ...

China's Yuan Weakens to 6.3570 against USD

The Chinese currency Renminbi, or the yuan, lost 72 basis points to 6.3570 against the U.S. dollar Thursday, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity ...

Wall Street sell-offs extend to sixth day

Wall Street sell-offs continued on Wednesday before the Thanksgiving Holiday, as investors apparently found no reason to buy in the market amid a batch of tepid economic data and European woes. The Dow Jones industrial average tumbled 236.17 points, or 2.05 percent, to 11,257.55, ...

Gold settles lower amid liquidation for cash

Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday settled lower, as investors cashed in their gold holdings to alleviate fund dry-up amid wide concerns over global economic prospect. The most active gold contract for Dec. delivery declined 6.5 U. ...

China's stocks close lower on Wednesday

Chinese stocks dropped for the second straight day on Wednesday, after the Hong Kong and Shanghai Banking Corporation (HSBC) reported that China's November manufacturing PMI would drop to a 32-month low of 48. The benchmark Shanghai Composite Index dropped 17.56 points, or 0.73 ...

Wall Street Sell-offs Extend to Sixth Day

Wall Street sell-offs continued on Wednesday before the Thanksgiving Holiday, as investors apparently found no reason to buy in the market amid a batch of tepid economic data and European woes. The Dow Jones industrial average tumbled 236.17 points, or 2.05 percent, to 11,257.55, ...

China Stocks Extend Loss on Slowing PMI

Chinese stocks dropped for the second straight day on Wednesday, after the Hong Kong and Shanghai Banking Corporation (HSBC) reported that China's November manufacturing PMI would drop to a 32-month low of 48. The benchmark Shanghai Composite Index dropped 17.56 points, or 0.73 ...
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sports

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