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Global regulating system required to solve financial crisis: Spanish FM: The lesson learned from the ongoing economic crisis is that the development of the international markets needs not only the invisible hand, but also a global regulating system, Miguel Angel Moratinos, the Spanish foreign minister, said here Saturday. "The absence of an internatio...

U.S. dollar slumps amid gloomy economic prospect, Fed hint: The U.S dollar slipped against major currencies this week as economy recovery was still vague, while the Fed signaled a further quantitative easing (QE) policy after its meeting on Tuesday. Although the National Bureau of Economic Research (NBER) announced on Monday that the ...

China's yuan strengthens to 6.6305 per USD Monday: The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6305 per U.S. dollar Monday, compared with Friday's 6.6371, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...

U.S. stocks refresh 2-year highs on more recovery signs: The U.S. stocks climbed on Wednesday to fresh two-year highs as new economic data showed more recovery signs. The Commerce Department released its final reading of GDP growth before the opening bell, which showed the U.S. economy recovered at a modestly faster pace in the third ...

U.S. stocks rally to new highs on deal making news: U.S. stocks carried its rising momentum to another day on deal making news and upbeat corporate earnings, pushing major indexes to a fresh two-year closing high. The Dow Jones industrial average gained 55.03 points, or 0.48 percent, to 11,533.16, while the Standard & Poor's 500 ...

China, EU to hold dialogue on economy, trade in Beijing: China and the European Union (EU) will hold their third High-Level Economic and Trade Dialogue (HED) in Beijing on Dec. 21, announced Foreign Ministry spokeswoman Jiang Yu here Thursday. The dialogue will be co-chaired by Chinese Vice Premier Wang Qishan and three senior ...

China's yuan retreats to 6.6623 per USD Monday: The value of yuan contracted as the central parity rate of Renminbi, China's currency, was set at 6.6623 per U.S. dollar Monday, compared with Friday's 6.6593, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on ...

China's yuan weakens to 6.6635 per USD Thursday: The value of yuan weakened as the central parity rate of Renminbi, China's currency, was set at 6.6635 per U.S. dollar Thursday, compared with Wednesday's 6.6566, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float ...

China's yuan weakens to 6.6566 per USD Wednesday: The value of yuan weakened slightly as the central parity rate of Renminbi, China's currency, was set at 6.6566 per U.S. dollar Wednesday, compared with Tuesday's 6.6531, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed ...

Dollar slumps as investors worry about U.S. budget deficit: The U.S. dollar fell broadly against major currencies in late New York trading on Monday as investors worried about U.S. budget deficit due to probable tax cut extension. Moody's warned on Monday that it could move a step closer to cutting the U.S. Aaa rating if President Barack ...

Chinese shares close lower at midday Tuesday: China's stocks closed lower in the morning trading session Tuesday with the benchmark Shanghai Composite Index down 0.2 percent to 2,917.15. The Shenzhen Component Index ended at 12,876.68, down 0.22 percent, at midday.

China stocks close up Tuesday: Chinese shares closed up Tuesday with the benchmark Shanghai Composite Index up 0.65 percent to close at 2,875.86, up 18.68 points. The Shenzhen Component Index closed up 1.89 percent, or 234.21 points, to end at 12,657.00. Combined turnover was 206.78 billion yuan (31.09 billion ...

China stocks close lower Monday: China's stocks closed lower Monday as the benchmark Shanghai Composite Index wend down 0.15 percent, or 4.20 points to close at 2,884.37. The Shenzhen Component Index closed up 0.06 percent, or 7.7 points, to end at 12,303.55.

HK stocks close 0.86% higher: Hong Kong stocks performed strongly on Thursday, with the weighted index going up 198.98 points or 0.86 percent to close at 23,448.78. The benchmark Hang Seng Index opened 304.95 points higher as the U.S. stock market rallied overnight. HSI traded between 23,388. 74 and 23,575.38 ...

China's yuan strengthens to 6.6553 per USD Friday: The value of yuan strengthened slightly as the central parity rate of renminbi, or China's currency yuan, was set at 6.6553 per U.S. dollar Friday, comared with Thursday's 6.6557, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is ...

China invests 30 bln USD in emission cutting in 5 years: The Chinese government has allocated a total of 200 billion yuan (30.12 billion U.S. dollars) from its central budget for energy conservation and emission cutting from 2006 to 2010, said an official with China's top economic planning body Monday. The fund was expected to generate ...

China stock index futures open lower Wednesday: China's stock index futures opened lower Wednesday. The contract for settlement in November, the most actively traded, opened 22.4 points lower at 3,158.8. The December contract opened 41.8 points lower at 3,173.6 while the contract for settlement in March 2011 opened at 3,255.6, ...

HK stocks rebound as heavyweights gain: Hong Kong stocks spiked on Thursday after a nearly 6 percent drop of the benchmark index in the past four trading days, as heavyweights and mainland lenders rebounded powerfully. The benchmark Hang Seng Index moved up 422.93 points, or 1.82 percent, to close at 23,637.39 points, ...

China's yuan weakens to 6.6441 per USD Tuesday: The central parity rate of renminbi, or China s currency yuan, weakened to 6.6441 per U.S. dollar Tuesday from Friday s 6.6303, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange ...

China's yuan weakens against USD Monday: The central parity rate of renminbi, or China's currency yuan, weakened 82 basis points Monday to 6.6692 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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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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