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Dollar falls as Fed's move may be larger than expected: The U.S. dollar fell against major currencies in late New York trading on Thursday as the Fed's new round of quantitative easing policy might be larger than expected. The dollar rebounded on Wednesday as a report from The Wall Street Journal said the Fed's bond purchases might ...

U.S. stocks fall as European debt worries offset positive data: The U.S. stocks on Wednesday pulled back from a two-year high as investors became more concerned about the eurozone debt crisis despite improving U.S. economic data. The pre-Christmas market, fueled by more positive economic data, seemed to take some heat out as concerns over the ...

HK's foreign assets reaches 2,023 bln HKD in November: Hong Kong's foreign assets of the exchange fund amounted to 2,022.6 billion HK dollars (260 billion U.S. dollars) in November this year, up 13.2 billion HK dollars from that in October, said the Hong Kong Monetary Authority on Tuesday. The monetary base reached 1,030.8 billion HK ...

Chinese shares open mixed Wednesday: Chinese shares opened mixed Wednesday, with the benchmark Shanghai Composite Index down 0.25 percent, or 7.13 points, to 2,868.73. The Shenzhen Component Index edged up 0.12 percent, or 14.81 points, to open at 12,671.81.

Crude prices gain on unchanged OPEC production, strong China data: Crude prices rose on Monday as the Organization of Petroleum Exporting Countries (OPEC) weekend meeting in Ecuador kept production quotas unchanged and China's strong economic data suggested rising demand. The oil ministers of OPEC decided to maintain the output quotas, which ...

U.S. stocks narrow gains before closing, ending mixed: U.S. stocks on Monday narrowed gains before closing, ending mixed. In the earlier trading sessions, Wall Street rose on China's strong economic data and several merger deals. China's retail sales rose at an 18.7-percent annualized rate in November, which buoyed the market ...

Australian banking regulator APRA says Aussie banks need better liquidity: The Australian banking regulator said on Tuesday Australia's banks would benefit from being part of a global push to strengthen liquidity requirements. Australian Prudential Regulation Authority (APRA) executives said local banks already have a strong capital position and will ...

Economic restructuring, a bigger challenge than inflation: A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth. "The biggest challenge faced by China is economic restructuring in order to shift the economy to a more balanced way that ...

China "doing right thing" in raising interest rate to curb inflation: Financial expert Jim Rogers said on Tuesday that China's Central Bank was doing the right thing by raising interest rate to curb inflation in China right now. "As we may all know that China is facing serious inflation problems. However, the Central Bank of China is doing the ...

Oil falls from 2-year high on stronger dollar: Crude prices fell from a 2-year high Tuesday on stronger U.S. dollar. U.S. President Barack Obama announced a tentative deal with Congressional Republicans on Monday to extend the income tax cut at all income level for two years. Investors believed that the tax cut, first passed ...

China's yuan weakens to 6.6616 per USD Wednesday: The value of yuan weakened as the central parity rate of Renminbi, China's currency, was set at 6.6616 per U.S. dollar Wednesday, compared with Tuesday's 6.6565, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float ...

Oil expected to hit 100 dollars a barrel in 2011: Crude price reached the two-year high 89.19 U.S. dollars last week, mainly boosted by more economic recovery signs. Traders and investors are expecting oil to continue rising in 2011, reflecting the worldwide economy recovery, weaker dollars and demand-supply gap. The period of ...

Chinese economy's biggest challenge is economic restructuring: A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth. "The biggest challenge faced by China is economic restructuring in order to shift the economy to a more balanced way that ...

China to lead world in innovation by 2020: China is set to become the world's most important center for innovation by 2020, overtaking both the United States and Japan, according to a public opinion survey to be published on Dec 6. China is already the world's second-largest economy, after establishing itself as the ...

China's current-account surplus swells: China's current-account surplus doubled in the third quarter from a year earlier to $102.3 billion, the State Administration of Foreign Exchange said on Thursday. The nation's capital and financial account surplus was $5.7 billion for the quarter, according to the regulator. ...

Australia economy remains resilient: Australian Treasurer Wayne Swan on Wednesday said the latest Gross Domestic Products (GDP) figures show that Australian economy remains resilient. The figures released by the Australian Bureau of Statistics (ABS) show that the nation's economy grew by a lower than expected 0.2 ...

China's stocks end higher, track U.S. market gains: Chinese stocks closed higher Thursday after Wall Street gained overnight on the back of good private sector job figures. The benchmark Shanghai Composite Index rose 0.71 percent, or 20.16 points, to close at 2,843.61. The Shenzhen Component Index added 0.80 percent, or 98.64 ...

Canada's GDP grows 1.0% in Q3: Statistics Canada announced Tuesday that real GDP grew 1.0 percent at an annualized rate in the third quarter after expanding 2.3 percent in the previous quarter, weaker than the analysts' expectation of 1.5 percent growth. Lower exports and investment in housing restrained GDP ...

China backing overseas M&As to aid economy: Private Chinese companies should seize the post-crisis opportunity to accelerate overseas acquisitions, boost global competitiveness and aid the country's economic restructuring, officials and company executives said on Thursday. In addition to major state companies securing ...

Australia's economy grows 0.2% in Q3: The Australian economy grew at its slowest pace since the depths of the global financial crisis, expanding by just 0.2 percent in the September quarter, the latest national accounts showed on Wednesday. The figures released by the Australian Bureau of Statistics ( ABS) showed ...

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Bill Gates talks nuclear: Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

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IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

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Retailer's Net Profit Falls 3%: A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

Gaming Firms Find Going Tough: Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...

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sports

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: Two models stand beside golf equipment and bags at a recent golf ...

Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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