finance

The Chinese currency Renminbi, or the yuan, strengthened 79 basis points to 6.3889 per 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 ...
The People's Bank of China (PBOC), the country's central bank, auctioned 4 billion yuan (626 million U.S. dollars) in three-month bills at a yield of 3.16 percent on Thursday. The yield on three-month bills remained unchanged from last week. Hedging against 176 billion yuan in ...
The People's Bank of China (PBOC), the country's central bank, is expected to kick-start RMB QFII trials soon, allowing yuan funds raised in Hong Kong to be invested in the mainland's securities market, a senior official said Thursday. QFII, short for Qualified Foreign Institutio...
Internationalization of the renminbi and the further opening up of China's financial services are hotly anticipated by British business leaders, ahead of the Fourth China-UK Economic and Financial Dialogue (EFD). "A key issue of interest at this dialogue is the internationalizati...
A larger outflow of Chinese overseas direct investment (ODI) could help the global economy regain and sustain its growth momentum, even as uncertainties remain over the strength of the global recovery, said officials from both China and overseas. "The deeper impact of the global ...
Hardly a day goes by without news of another foray by Chinese companies into overseas markets. Far from being merely a major receiver of overseas direct investment for its cheap labor cost and huge market, China is now becoming an active and powerful overseas direct investor ...
The Chinese currency Renminbi, or the yuan, weakened 22 basis points to 6.3968 per U.S. dollar on Wednesday, 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 ...
Gold futures on the COMEX Division of the New York Mercantile Exchange retreated on Tuesday, as the rising U.S. dollars reduced appeal of the precious metal as an alternative investment. The most active gold contract for December delivery declined 3. 6 U.S. dollars, or 0.2 ...
The World Bank and Singapore signed an agreement on Tuesday to set up a combined World Bank Group office here, which will be the first outside Washington. The World Bank-Singapore Hub will offer products and services from across the World Bank Group to help unlock private sector ...
Recent gains in the Chinese yuan have helped curb price rises in the country, but it's too early to conclude that China has won its battle on inflation, World Bank President Robert Zoellick said on Sept 5. Over the longer term, China needs to rebalance its economy by boosting ...
The establishment of a super-sovereign credit rating agency, to reduce dependence on the "big three", is taking shape, industry insiders said. The new agency will be established by organizations in Europe, the United States and countries that make up the BRICS (Brazil, Russia, ...
China's commercial banks will put a total of 900 billion yuan (140.79 billion U.S. dollars) in reserve over the next six months starting Monday as the government takes a new approach to mopping up market liquidity. The People's Bank of China (PBOC), or the country's central bank, ...
China's recent directive to banks to expand the base of deposits they keep as reserves boosts the fight against inflation and capital risk, but economists said the unexpected move may spark the end of the current tightening stance. The People's Bank of China, the central bank, ...
The gold price in Hong Kong went up 22 HK dollars to open at 16,950 HK dollars per tael on Friday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,827.64 U.S. dollars a troy ounce, up 2.61 U.S. dollars at the latest exchange rate of one U.S...
China's cross-border trade settlements in yuan hit 1.63 trillion yuan (254.69 billion U.S. dollars) by the end of July since the program's launch in July 2009, a central bank official said on Thursday. The People's Bank of China (PBOC), the country's central bank, has signed ...
The gold price in Hong Kong went up 382 HK dollars to open at 17,020 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,832.36 U.S. dollars a troy ounce, up 40.67 U.S. dollars at the latest exchange rate of ...
The Chinese currency Renminbi, or the yuan, weakened 18 basis points to 6.3867 per U.S. dollar on Wednesday, 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 ...
China's central bank yesterday approved the second group of 13 non-financial institutions, including ChinaPay and Union Mobile Pay, to operate third-party payment services. Most of the 13 institutions are located in less developed inland regions or provinces such as Inner ...
Overseas banks in Shanghai posted strong growth in profits for the first six months of this year because confidence recovered following the end of the global financial crisis, the local banking regulator said yesterday. The combined profits for the overseas lenders in the city ...
The Chinese currency Renminbi, or the yuan, strengthened 34 basis points to a record high of 6.3849 per 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 ...
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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 ...