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Vegetable Prices Rise for Second Week: Vegetable prices rose for the second consecutive week last week and will likely continue to rise, as production will diminish during the winter, the Ministry of Commerce said Tuesday. The average wholesale price of 18 staple vegetables rose 1.5 percent last week, the ministry ...

Domestic Prices of Smartphones Decline: Prices of domestic smartphones have dropped an average of 15 percent in the third quarter from a year ago as more mid- and low-end devices entered the market, according to a latest industry report. The average price of Apple's iPhone fell 27 percent to around 5,100 yuan (US$803) ...

China Set to Top Online Market: China is expected to overtake the United States as the world's largest e-commerce market by 2015, according to a report released by the Boston Consulting Group (BCG) on Tuesday. The country's e-commerce market is projected to grow at a compound annual rate of 33 percent to reach ...

Yuan weakens to 6.3555 against USD Tuesday: The Chinese currency Renminbi, or the yuan, lost 33 basis points to 6.3555 against the U.S. dollar on Tuesday, 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 ...

Gold price opens lower in Hong Kong: The gold price in Hong Kong went down 80 HK dollars to open at 15,960 HK dollars per tael on Monday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,720.01 U.S. dollars a troy ounce, down 8.84 U.S. dollars at the latest exchange rate of one ...

Wall Street Tumbles on Debt Talks' Failure: Wall Street started a holiday- shortened week with little to cheer. Heavily weighed by intensified debt woes on both sides of the Atlantic Ocean, investors fled to safe-haven assets, triggering severe sell-off in equity market. The blue-chip Dow Jones industrial average tumbled ...

New Luxury Authenticity Woes: Overseas proxy purchasing businesses selling luxury goods are facing authenticity doubts after their invoices, a crucial way to prove the items are genuine, have been found in mass production and on sale at online stores. The country's popular e-commerce platform Taobao.com told ...

China's Stocks Close Mixed on Monday: Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite Index down 1.43 points, or 0.06 percent, to close at 2,415.13. The Shenzhen Component Index edged up 8.63 points, or 0.09 percent, to finish at 10,033.79.

Yuan strengthens to 6.3522 against dollar Monday: The Chinese currency Renminbi, or the yuan, strengthened 26 basis points to 6.3522 against the U.S. dollar on Monday, 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 ...

SEC rules to slow China's IPOs on U.S. market: It will not be as easy as it once was for Chinese companies to list on the major U.S. exchanges, as the U.S. has set new rules to tighten standards for firms going public by reverse mergers. The U.S. Securities and Exchange Commission (SEC) last week approved new rules for ...

SEC Rules to Slow China's IPOs on U.S. Market: It will not be as easy as it once was for Chinese companies to list on the major U.S. exchanges, as the U.S. has set new rules to tighten standards for firms going public by reverse mergers. The U.S. Securities and Exchange Commission (SEC) last week approved new rules for ...

Stronger Yuan Alone Won't End US Job Woes: The yuan exchange rate did not cause the trade imbalance between China and the United States, and its appreciation alone would not end high U.S. unemployment, Chinese Ambassador to the U.S. Zhang Yesui said Friday night. Zhang was speaking before a group of Chinese and U.S. ...

Chinese shares close down at midday Friday: China's stocks ended lower at midday Friday, with the benchmark Shanghai Composite Index down 1.35 percent, or 33.19 points, to close the morning session at 2,429.86. The Shenzhen Component Index lost 1.72 percent, or 177.23 points, to close at 10,125.93.

U.S. Stocks Waver amid European Fears, Recovery Signs: U.S. stocks wavered on Friday, with major indexes ending mixed, as investors struggled to weigh the European debt problems against pick-up signs in the U.S. economy. The Dow Jones industrial average gained 25.43 points, or 0.22 percent, to 11,796.16. The Standard & Poor's 500 ...

Oil Continues Falling on European Debt Concerns: U.S. crude oil price continued falling on Friday as concerns about European debt crisis lingered. The European Central Bank (ECB) bought bonds in the secondary market to help some of the debt-burdened countries. But European debt crisis was far from addressed as the major players ...

China's stocks close lower Thursday: Chinese stocks trimmed losses on Thursday from the previous trading day. The benchmark Shanghai Composite Index fell 0.16 percent, or 3.91 points, to close at 2,463.05. The Shenzhen Component Index slid 10.17 points, or 0.1 percent, to finish at 10,303.16.

Gold prices likely to rise, not fall next year: Global gold prices saw sharp fluctuations in 2011 and have risen more than 30 percent so far this year. Certain institutions even predicted that the prices could hit 2,000 U.S. dollars per ounce by the end of the year. It is also worth noting that the gold prices in 2011 have ...

Gold price opens lower in Hong Kong: The gold price in Hong Kong went down 78 HK dollars to open at 16,370 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,765.1 U.S. dollars a troy ounce, down 8.41 U.S. dollars at the latest exchange rate of ...

Yuan weakens to 6.3553 against USD Thursday: The Chinese currency Renminbi, or the yuan, weakened 44 basis points to 6.3553 against the U.S. dollar on 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 ...

U.S. Stocks Close in Red over Eurozone Concerns: U.S. stocks closed firmly in the red on Thursday over European debt concerns despite positive job data, with all 10 S&P sectors slipping down led by energy and materials. Rising sovereign bond yields intensified investors' sentiments and stopped them from buying actions. The CBOE ...

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