finance

Oesterreichische Nationalbank (OeNB), Austria's central bank, signed an agreement with the Chinese central bank in Beijing on Thursday to invest in yuan-denominated bonds in China. According to the deal, OeNB will invest in China's inter-bank bond market via the People's Bank of ...
Goldman Sachs Group Inc is raising as much as $1.54 billion by selling part of its stake in Industrial & Commercial Bank of China Ltd. The sale comes after shares of the nation's largest lender rebounded from a near three-year low. Goldman Sachs is offering 2.4 billion shares in ...
Mohawk Industries Inc announced 2011 third quarter net earnings of $47 million and diluted earnings per share (EPS) of $0.68. Adjusted net earnings were $57 million and EPS was $0.83 excluding the unusual items. For the third quarter of 2010, the net earnings were $51 million and ...
The gold price in Hong Kong rose 180 HK dollars at 16,580 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,790.96 U.S. dollars per ounce, up 19.44 U.S. dollars at the latest exchange rate of one U.S. dollar ...
The Chinese currency Renminbi, or the yuan, weakened 35 basis points to 6.3247 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 ...
The Chinese rating agency Dagong Global Credit Rating Co has secured its first sovereign customer, the Republic of Belarus. The Eastern European country is hoping that the rating provided by Dagong will lure more Chinese investors. A contract to entrust the agency with a thorough ...
Bank of Communications, China's fifth largest lender, announced it opened its first overseas subsidiary in London Tuesday. It was a significant step for the bank to improve cross-border business and provide global wealth management services and financial services, said the bank's ...
The Shanghai government is planning a 7.1 billion yuan (US$1.1 billion) bond sale as early as November 15, the city's first direct debt offer as part of a national trial, according to a person with direct knowledge of the arrangement. The sale will be split into three-year and ...
China's cash-strapped banks may soon get a injection of capital, thanks to fiscal funding not a loosening of government policy. More than 1 trillion yuan (about 158.2 billion U.S. dollars) of treasury deposits are expected to be allocated by the Ministry of Finance (MOF) to ...
The AWEX Regional Indicators finished 1.5% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by 2.3%. The sales opened well on Wednesday on top of last week s very strong market. There was another good lift in the EMI, ...
Zhejiang Province will continue to issue bonds to raise funds to help narrow financing shortfalls for companies amid a bank credit crunch and private lending default crisis. The province tops China's corporate bond sales this year by raising 20.6 billion yuan (US$3.25 billion) ...
Thousands of Americans pledged to switch their money from bank accounts to credit unions for Saturday' s Bank Transfer Day, a protest against perceived corporate interests in the American banking system. Over 84,000 people signed up to join the protest on the event' s Facebook ...
As investors speculate policy change over recent government moves, analysts say China is poised to selectively ease its tightening policies, and a full swing of monetary change seems unlikely in the short run. With both the economy and inflation cooling, the government recently ...
The renminbi is coming close to having a reasonable exchange rate, Chinese Commerce Minister Chen Deming said at the G20 summit. Chen told reporters on Thursday that the yuan has risen by about 30 percent against the US dollar since 2005, and China's trade surpluses are declining ...
Bank of China(BOC) is facing both challenges and opportunities after being named one of the systemically important financial institutions (SIFIs) by the Financial Stability Board(FSB), said bank officials and economists. The list of 29 SIFIs was announced Friday in Cannes, France...
The People's Bank of China (PBOC), the country's central bank, stopped draining liquidity from banks through its open market operations this week, moving one step closer to easing its monetary tightening measures inspired by economic slowdown and external jitters. Completing its ...
The Chinese currency Renminbi, or the yuan, strengthened 33 basis points to 6.3165 against the U.S. dollar on Friday, 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 ...
The gold price in Hong Kong opened the same as Wednesday's close at 16,100 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,739.34 U.S. dollars a troy ounce at the latest exchange rate of one U.S. dollar ...
The Chinese currency Renminbi, or the yuan, strengthened 99 basis points to 6.3198 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 ...
The gold price in Hong Kong went up 62 HK dollars to open at 15,930 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,720.31 U.S. dollars a troy ounce, up 5.6 U.S. dollars at the latest exchange rate of one U...
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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 ...