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China's Grain Output Rises 2.9 pct in 2010

China's National Bureau of Statistics (NBS) said Friday that the country's grain output rose 2.9 percent year on year in 2010 to 546.41 million tonnes. This marked the seventh consecutive year of growth for China's grain output. The preliminary figure came from a sample survey in ...

U.S. Stocks Extend Rally on Recovery Signs

The U.S. stocks extend rally on Thursday amid latest economic reports showing more recovery signs. The National Association of Realtors said that pending home sales registered a record-high rise of 10.4 percent in October, indicating the picking-up of the most-battered housing ...

Dollar Mixed as Euro Lifted by ECB Bond Buying

The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as the euro was boosted by reports that the European Central Bank was buying bonds. Reports said the European Central Bank was buying Portuguese and Irish bond, Jean-Claude Trichet, the ...

Crude Prices Rise on Positive Economic Reports

Crude prices continued to rise on Thursday amid latest U.S. economic reports showing more recovery signs. The National Association of Realtors said that pending home sales registered a record-high rise of 10.4 percent in October, indicating the picking-up of the most-battered ...

Gold Extends Gains on Weaker Dollar

Gold futures on the COMEX Division of the New York Mercantile Exchange moved moderately higher for the fourth session in a row on Thursday, as dollar continued to slide, increasing gold's appeal as an alternative investment. Silver and platinum both jumped. The most active gold ...

Chinese House Prices Rise in November

Residential property prices in China's 100 key cities have now risen 0.8 per cent in November from a month earlier, despite government measures to cool down the real estate sector. According to private data provider, the China Real Estate Index System, Shenzhen stands out with ...

Mainland May Open Interbank Bond Market to HK Insurers

Authorities on the mainland are now studying plans to potentially allow Hong Kong insurers to invest in its interbank bond market, on top of possibly allowing mainland companies to issue yuan-denominated bonds in Hong Kong. The move comes as part of the push to internationalize ...

20 Pct Upside Expected for Asian Stocks in 2011

Financial services company Credit Suisse is projecting a 20 percent upside in Asia Pacific excluding Japan equities in 2011 as it believes global industrial production is bottoming out earlier than expected. Sakthi Siva, Credit Suisse global emerging markets and Asia- Pacific ...

Asian Market Roundup Dec 2

China China's stocks closed higher Thursday, trailing rally of the U.S. stock market overnight on improved economic data. 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 ...

Guangdong's X'mas Exports Up Slightly

Southern China's Guangdong Province sold abroad 770 million U.S. dollars worth of Christmas products in the first 10 months of this year, an increase of 3.9 percent on the same period of last year, the local customs house said Thursday. Of the total, traditional markets in Europe ...

Dow Gains Most in 3 Months on Strong Economic Data

U.S. stocks rallied on Wednesday, with the Dow Jones industrial average achieving biggest gains in three months, as strong U.S. jobs report and solid manufacture growth from both China and Europe boosted market sentiment. The Dow Jones industrial average soared 249.76 points, or ...

Oil Surges on Strong Economic Data and Weaker dollar

Crude prices rebounded sharply Wednesday as strong economic data from U.S. and China and weaker dollar boost the demand. Oil traders seemed more optimistic about the global economy after a series of positive reports. U.S. monthly data from payroll processing firm ADP showed an ...

China Central Bank Highlights Stable Prices

The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday. The central bank will analyze global economic developments and balance the relations between ...

Chinese Annual Welfare Lottery Sales Hit 90 bln yuan

China's welfare lottery sales this year hit a record 90.4 billion yuan (13.5 billion U.S. dollars) as of Sunday, 19.4 percent more than last year, the Welfare Lottery Distribution and Management Center said Monday. The lottery raised more than 28.3 billion yuan for public welfare...

China's High-tech Exports Suffer Rising Trade Friction

An exceptional growth rate, a large trade surplus and low-cost goods have made China the major target of rising trade protectionism in recent years. Nowadays, a new trend has emerged: in addition to low-end products, China's high-tech exports are encountering increasing trade ...

Foreign Banks Boost Expansion in China

Foreign banks have strengthened their expansion efforts in China, which remains one of the fastest growing economies in the world, as the global economic meltdown is ebbing. "We plan to build 15 more branches in China within three to five years, and our target clients are small ...

OPEC Meeting Leaves Oil Output Unchanged

OPEC ministers announced Saturday the oil output would remain unchanged, while Saudi Arabia said it favors a price between 70 to 80 dollars per barrel. The announcement came as a relief for oil consumers, who were worrying that the rising oil price would soon break the psychologi...

Wall Street Gains on More Positive Economic Data

U.S. stocks rose on Friday as the latest better than expected economic data signaled the economy was recovering. The Thomson Reuters/University of Michigan's preliminary December reading on the overall index on consumer sentiment came in at 74.2, up from 71.6 in November, which ...

Crude Prices Break Below 88 Dollars a Barrel

Crude prices Friday broke below 88 U.S. dollars a barrel as China raised bank reserve requirement and positive economic data lifted dollar. China's central bank on Friday raised bank reserve requirement by 50 basis points for the third time in a month to counter inflation. ...

Asian Market Roundup Dec 10

China Chinese shares higher Friday with the benchmark Shanghai Composite Index up 1.07 percent, or 30.09, to end at 2,841.04. The Shenzhen Component Index closed up 0.87 percent, or 107.2 points, to end at 12,460.46. Total turnover shrank to 186.98 billion yuan (28.10 billion U.S...
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Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
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world

finance

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company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
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Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
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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 ...
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