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PBOC stresses implementation of monetary policy

The People s Bank of China, China s central bank, has asked its branches to effectively implement a moderately loose monetary policy in the second half of the year.

U.S. stocks surge, all major indexes positive for 2010

U.S. stocks surged on Monday,with all three major indexes turning positive for the year of 2010, as the latest batch of economic data and corporate earnings from both the United States and Europe signal stronger recovery. The Dow Jones industrial average rallied 208.44 points, or ...

Japan's monetary base up 6.1% on year in July

Japan's monetary base rose 6.1 percent on year in July to 98.935 trillion yen (103.27 billion U.S. dollars), the Bank of Japan (BOJ) said in a report on Tuesday. The total in the recording month follows a 1.0 percent annual rise in June, the central bank said. According to the ...

China's yuan stronger against USD Monday

The central parity rate of the yuan, China's currency Renminbi (RMB), advanced to 6.7742 per U.S. dollar Monday from 6.7750 per U.S. dollar Friday, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would ...

U.S. economic growth slips to 2.4 percent

The U.S. economy grew at an annual rate of 2.4 percent in the second quarter, slower than the previous two quarters, according to the preliminary estimate released Friday by the Commerce Department. The figures represent a further slowdown in economic growth compared with a ...

ADB forecasts Pacific economies to post modest growth in 2011

The Pacific region is forecast to post a modest 1.3 percent growth in 2011 led by stronger than expected economic growth in resource rich Timor-Leste, the Asian Development Bank (ADB) said Monday. The latest edition of ADB's tri-annual economic review of 14 Pacific island ...

Dollar climbs to upper 86 yen range

The U.S. dollar climbed to the upper 86 yen level Monday morning in Tokyo. At noon, the dollar fetched 86.56-59 yen against 86.40-50 yen in New York and 86.36-37 yen in Tokyo at 5 p.m. Friday. The euro traded at 1.3080-3082 dollars and 113.25-26 yen compared with late Friday's ...

S Korean shares open higher

South Korean shares started higher on Monday. The benchmark Korea Composite Stock Price Index (KOSPI) gained 10.89 points, or 0.62 percent, to stand at 1,770.22 in the first 15 minutes of trading. The local currency was trading at 1173.1 won to the U.S. dollar as of 9:46 a.m., ...

Chinese equities open almost flat Thursday

Chinese equities opened almost flat Thursday with benchmark Shanghai Composite Index up 0.05 percent to open at 2,635.05. The Shenzhen Component Index climbed 0.21 percent, or 22.34 points, to open at 10,847.51. Agricultural Bank of China opened flat at 2.84 yuan Thursday in ...

China's yuan weaker against USD Thursday

The central parity rate of the yuan, China's currency Renminbi (RMB), retreated to 6.7787 per U.S. dollar Thursday from 6.7785 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it ...

China stock index futures open higher Thursday

China's stock index futures opened higher Thursday with the contract for settlement in August, the most actively traded, rising 8.8 points to open at 2,888 from the previous trading. The September contract opened at 2,898.8, up 9.6 points from the previous trading while the ...

Canadian stocks decline for second day

Canadian stocks fell for the second day on Wednesday. The S&P/TSX Composite Index closed down 20.06 points, or 0.17 percent, at 11,696.63. Eight out of 12 sectors on the Toronto Stock Exchange registered losses with the index measuring the telecommunication services sector losing ...

Indian stocks open higher

Indian main stock index Sensex opened at 17,961.58 points Thursday, 4.21 points higher from previous close of 17,957.37 points on weak performance in surrounding bourses. The index gained 5.73 points or 0.03 percent after 28 minutes of trading in the morning session. State-owned ...

Chinese shares close higher midday Thursday

Chinese equities closed higher on midday Thursday, with the benchmark Shanghai Composite Index up 0.51 percent to 2,647.17 points. The Shenzhen Component Index increased 0.36 percent to close at 10,863.91.

China's yuan weaker against USD Wenesday

The central parity rate of the yuan, China's currency Renminbi (RMB), retreated to 6.7785 per U.S. dollar Wenesday from 6.7742 per U.S. dollar Tuesday, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it ...

Stocks close lower in Mexico, Argentina, higher in Brazil

Latin America's three major stock markets closed mixed on Tuesday. Mexico City's IPC stock index closed at 32,695.31 points, down 0.80 percent. A total of 312 million shares were traded with a volume of 732 million U.S. dollars. At Buenos Aires stock market, the Merval index ...

Stocks close mixed in central America

Central America's three major stock markets closed mixed on Monday. Panama's BVPSI index closed without change at 249.53 points with a trade volume of 2.847 million U.S. dollars. In Costa Rica, which has central America's largest bourse, the leading BNV index finished down 0.06 ...

China's yuan stronger against USD Monday

The central parity rate of the yuan, China's currency Renminbi (RMB), advanced to 6.7778 per U.S. dollar Monday from 6.7790 per U.S. dollar Friday, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would ...

Chinese stocks open modestly higher Monday

Chinese equities extended the rally from last week at their openings Monday. The benchmark Shanghai Composite Index added 4.34 points, or 0.17percent to 2,576.37. The Shenzhen Component Index went up 27.74 points, or 0.26 percent to open at 10,555.69.

Nikkei opens sharply higher on Wall Street gains

The central parity rate of the yuan, China's currency Renminbi (RMB), strengthened to the week's strongest 6.7790 per U.S. dollar Friday from 6.7859 per U.S. dollar Thursday, according to the data released by the China Foreign Exchange Trading System. China's central bank ...
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