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China leads global IPOs

China will continue to lead the global initial public offering (IPO) market in terms of the funds raised and the number of deals, international accounting firm Ernst & Young said in a report on Tuesday. Mainland companies dominated the global IPO market by raising $188 billion in ...

China's stocks drop at midday after gov't reiterates determination to cool property market

Chinese stocks fell Tuesday morning after the government said it would strictly enforce measures to rein in the nation's booming property market. The benchmark Shanghai Composite Index was down 1.83 percent to 2,445.19 points at midday while the Shenzhen Component Index was off 1...

Nikkei up 0.34% in morning trading

Tokyo stocks rose slightly Tuesday morning with the key Nikkei index up 0.34 percent. At 11 a.m., the benchmark Nikkei 225 Average gained 32.12 points to 9,580.23. The broader Topix index was up 0.44 points to 858.14.

IMF highlights Asia's role in leading way of global economy

Dominique Strauss- Kahn, Managing Director of the International Monetary Fund (IMF), highlighted the role of Asia in the future in global economic policies, vowing to allow stronger voice of the region in the IMF. "Asia's time has come. No one can doubt that Asia's economic ...

Market's rebound to be put to test

The recent gains in the Chinese stock market will be put to the test this week as investors remain cautious ahead of the official release of the second quarter's macroeconomic data and Agricultural Bank of China's heavyweight initial public offering (IPO). Signs of a potential ...

China's housing prices grow slower

Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May, the National Bureau of Statistics (NBS) said Monday. This was the second consecutive month that China's property prices grew at a slower pace. ...

China's yuan hit record high against USD on Monday

The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further the reform ...

China Economic News in Brief: World-advanced direct current transmission project put into operation

WORLD-ADVANCED DIRECT CURRENT TRANSMISSION PROJECT PUT INTO OPERATION The high voltage direct current (HVDC) transmission project from Sichuan Province's Xiangjiaba to Shanghai was put into operation Thursday. The 800 kv HVDC transmission project, independently designed, ...

Resource tax set to boost local economy

China's decision to extend the pilot resources tax to all western areas of the country will squeeze excessive profits out of the country's resource producers through higher tax costs and will promote the efficient extraction of natural resources in the long run, analysts said. On ...

Agricultural Bank of China sets H-share IPO price at 3.2 HKD

Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced here Friday it has set its H-share initial public offering (IPO) price at 3.2 HK dollars (42 U.S. cents) per share, which was in the middle level of its IPO price range.

Gold inches lower on waning safe-haven demand

Gold futures on the COMEX Division of the New York Mercantile Exchange edged lower on Thursday, as investor's increasing optimism about global recovery and rising risk appetite reduced demand for safe-haven assets like gold. Silver and platinum both declined. The most active gold ...

No major trading partner manipulates currency

U.S. Treasury Department said on Thursday that no major trading partner of the United States manipulates exchange rate to gain unfair competitive advantage in international trade. "Treasury has concluded that no major trading partner of the United States met the standards ...

Crude prices extend gains on lower inventories

Oil prices extended gains on Thursday as U.S. crude inventories dropped more than expected. According to the Energy Information Administration, U.S. crude stockpiles declined 5 million barrels in the week ended July 2 while gasoline stocks increased by 1.3 million barrels. The ...

S Korea to hold working-level trade talks with China

South Korea's trade ministry said Tuesday it will hold working-level talks with China this week on various pending issues related to a bilateral free trade deal. According to the ministry, the one-day meeting will be held in Tangshan, Hebei Province of China on Wednesday. Seoul ...

Crude prices end lower after ISM data

Crude prices ended slightly lower on Tuesday after an economic report predicted slowing growth in the U.S. economy. The Institute for Supply Management, a trade group of purchasing executives, said its index tracking service-oriented companies dipped to 53.8 last month from 55.4 ...

Official: Currency reform "our own affair"

China will not bow to pressure from the outside world on revaluing the renminbi and any changes in the nation's foreign exchange will be made on China's own terms, Chinese officials heading to the G20 summit in Toronto said at a press briefing. The remarks come on the heels of US ...

Technology stocks drag Wall Street lower

Technology stocks dragged down Wall Street on Monday despite China's decision to let its currency float more freely. U.S. stocks opened higher after China's central bank said it plans to allow the currency to be traded with more flexibility. Major indexes were off morning highs ...

Yuan effect "limited" on stock

The recent rally in China's A-share market sparked by the speculation of a stronger yuan is likely to be short-lived as investors grow skeptical that Beijing's move to de-peg the currency from the dollar will have an immediate and substantial impact, analysts said. The benchmark ...

China's decision on RMB to help global recovery

China's decision to make RMB's exchange rate more flexible will help boost the global economic recovery, the Thai News Agency (TNA) on Tuesday quoted Thailand's central bank as saying . Beijing's move should be seen as justifiable because China's economy is now very strong and ...

Philippine July inflation up 3.9%

The Philippines' inflation for July remained at a manageable level of 3.9 percent, according to a report released on Thursday by the Philippine National Statistics Office (NSO). This was, however, higher than the 0.2 percent recorded in the same month last year, which NSO said ...
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Merck to put $1.5b in R&D
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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