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Yuan weakens 19 basis points to 6.6341 per USD Friday: Chinese currency, the yuan, weakened 19 basis points Friday to 6.6341 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...

China stock index futures close lower Thursday: China's stock index futures closed lower Thursday with the contract for January 2011, the most actively traded, down 0.46 percent from the previous trading day to end at 3,173 points. The February 2011 contract fell 0.52 percent to close at 3,197 points. The March 2011 contract ...

ChiNext Index closes down Thursday: The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, dropped 20.56 points, or 1.78 percent, to close at 1,134.79 Thursday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...

Chinese shares close lower on Thursday: Chinese equities closed lower for a second day Thursday amid speculation Ping An Insurance plans to raise 40 billion yuan. The benchmark Shanghai Composite Index fell 0.51 percent, or 14.39 points, to close at 2,824.2 points. The Shenzhen Component Index lost 0.38 percent, or 47...

Chinese shares close mixed at midday Thursday: Chinese shares closed mixed at midday Thursday with the benchmark Shanghai Composite Index down 0.24 percent, or 6.72 points, to close the morning session at 2,831.87. The Shenzhen Component Index rose 0.22 percent, or 27.43 points, to end at 12,675.06 at midday.

Oil down 4 percent as weak demand outweighs OPEC: NEW YORK - Oil prices tumbled 4 percent on Tuesday amid worries that a global recession would crush fuel demand, limiting the impact of any supply cuts by OPEC. U.S. crude for November delivery, which expired on Tuesday, settled down $3.36 at $70.89 a barrel. London Brent crude ...

Yuan weakens 27 basis points to 6.6322 per USD: Chinese currency, the yuan, weakened 27 basis points Thursday to 6.6322 per U.S. dollar, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar Tuesday to start ...

Banking, property shares might lead 2011 market rebound: Despite generally downbeat market predictions for 2011, some analysts, such as Henry Wu, head of China equity research at Nomura Securities, are bucking the trend by predicting a rebound, expecting a boost from undervalued banking and property shares despite inflationary risk and ...

China Enterprises Index moves down 0.17%: Hang Seng China Enterprises Index moved down 21.96 points, to close at 12,994.41 on Wednesday. The H-shares index, initiated in August 1994 and readjusted on Sept. 7, 2009, tracks the overall performance of 44 major Chinese mainland state-owned enterprises listed on the Hong Kong ...

China stock index futures close lower Wednesday: China's stock index futures closed lower Wednesday with the contract for January 2011, the most actively traded, down 0.52 percent from the previous trading day to end at 3186.8 points. The February 2011 contract fell 0.7 percent to close at 3,212.2 points. The March 2011 ...

Chinese shares close lower on Wednesday: Chinese stocks reversed Tuesday's gains to close lower on Wednesday with non-ferrous metals dropping after international gold futures fell sharply. The benchmark Shanghai Composite Index dropped 0.49 percent, or 14.06 points, to close at 2,838.59 points. The Shenzhen Component ...

ChiNext Index closes up Wednesday: The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, climbed 0.24 points, or 0.02 percent, to close at 1,155.35 Wednesday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...

Fewer share sales this year: There are likely to be fewer initial public offerings on the Chinese mainland this year compared with a record high in 2010 as most mega-sized enterprises have already launched their IPOs, an industry survey said yesterday. Funds raised through the IPOs will drop to 400 billion ...

Saudi Arabia not mulling more cash for IMF: WASHINGTON - Saudi Arabia has no plans to offer extra funds to the International Monetary Fund, Finance Minister Ibrahim al-Assaf said on Saturday, quashing speculation it would offer cash to help the IMF battle the global financial crisis. "There were lots of rumors that we were ...

China stock index futures close higher Tuesday: China's stock index futures closed higher Wednesday with the contract for January 2011, the most actively traded, up 1.31 percent from the previous trading day to end at 3,192 points. The February 2011 contract gained 1.17 percent to close at 3,224.2 points. The March 2011 ...

ChiNext Index closes up Tuesday: The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, climbed 17.44 points, or 1.53 percent, to close at 1,155.11 Tuesday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...

Chinese shares close higher on Tuesday: Chinese equities closed higher in the opening trading day of the year on Tuesday, with the benchmark Shanghai Composite Index up 1.59 percent, or 44.57 points, to close at 2,852.65 points. The Shenzhen Component Index gained 2.05 percent, or 255.96 points, to close at 12,714.51 ...

Chinese shares end over 1.2% higher at midday: China's stocks started 2011 with more than 1 percent of gains in the morning session Tuesday, as investors hoped for a new beginning for the markets after they lost about 14 percent last year. The benchmark Shanghai Composite Index opened this year's first trading day with a ...

Chinese shares open higher on year's first trading day: Chinese shares opened higher on the first trading day of the new year on Tuesday, with the benchmark Shanghai Composite Index up 0.61 percent to 2,825.33 at the opening. The Shenzhen Component Index rose 0.96 percent to 12,578.45 at the opening.

Russian oil falls below $50, Kremlin defends ruble: MOSCOW - The price of Russian oil fell below $50 per barrel on Thursday for the first time since early 2007, putting further pressure on stocks and the ruble, but the Kremlin pledged to defend the currency until oil falls to $35. Russia's main crude oil export blend Urals traded ...

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