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Shanghai among Financial Top Ten

Shanghai counts among the world's top ten financial centers for the first time, while London and New York are still the world's leading cities for banking and other finial services, according the latest Global Financial Centers Index (GFCI). The eastern China metropolitan city ...

Chinese Shares Drop as Investors Turn Cautious ahead of Thursday Inflation Data Release

Chinese stocks fell Wednesday as investors turned cautious ahead of Thursday's release of October inflation data. The benchmark Shanghai Composite Index dropped 0.63 percent, or 19.64 points, to close at 3,115.36. The Shenzhen Component Index lost a mere 0.06 percent, or 8.61 ...

More Mainland Homebuyers Invest in Hong Kong Units

The Chinese mainland's efforts to prevent housing bubbles in cities such as Shenzhen, the country's first special economic zone, have prompted more mainlanders to buy apartments in neighboring Hong Kong, while hampering the special administrative region's own battle to curb a 50...

Electric Cars to Spark Market

All-electric cars are the only area where Chinese automobile companies are likely to play a leading role in the global market, Chen Quanqing, president of the World Electric Vehicle Association, said on Monday. "The area is where Chinese manufacturers have the smallest gap with ...

Mainlanders Visit HK for Cheap Groceries

Growing inflationary pressure on the Chinese mainland, led by rising food prices, is driving mainland buyers to Hong Kong to fill their shopping carts - not for the luxury and imported goods the financial hub is known for, but for daily necessities that used to flow the other way...

U.S. Wholesale Inventories, Sales Edge up in Sep

Latest figures showed that U.S. wholesale inventories and sales further picked up momentum in September, but economists held that U.S. consumption might not post robust surges in the near future amid the economy's slackening expansion pace. Inventories at the wholesale level ...

China Auto Sales up 34.76 pct in First 10 months, Exceeding Last Year's Total

Auto sales in China grew 34.76 percent from a year earlier to 14.68 million units in the first 10 months of the year, exceeding the total number of vehicles sold last year, the China Association of Automobile Manufacturers (CAAM) said Tuesday. The number of vehicles sold from ...

Wall Street Mixed after Last Week's QE2 Rally

Wall Street ended mixed on Monday after last week's rally on a second round of quantitative easing from the Federal Reserve. Investors seemed to take a second thought about after the rally, amid which all three indexes back to their pre-crisis level, as the recovery was fragile ...

Official: China's Internet Market Will Always Be Open

Vice director of the Information Office of China's State Council Qian Xiaoqian said Monday that China's Internet market would always be open to foreign enterprises. "The door of China's Internet market remains open, and we welcome Internet enterprises worldwide to develop their ...

Reshuffle of Gome's top execs completed

Hong Kong-listed Chinese electronics retailer Gome Electrical Appliances said Monday Chen Xiao, Gome Chairman and President since January of 2009, had resigned as President but would remain as Chairman "with the crisis of the Group now over." Chen would also be an Executive ...

China Eximbank to Launch 5 bln yuan RMB-denominated Bonds in HK

The Export-Import Bank of China (China Eximbank), one of the country's policy lenders, said on Monday it would launch a total of 5 billion yuan (750 million U.S. dollars) of RMB-denominated fixed rate bonds in Hong Kong. It is the third time for China Eximbank, the only ...

Iran to Increase Gasoline Production by March

Iranian Deputy Oil Minister Alireza Zeighami said Iran's gasoline production capacity will increase by about 10 million liters to reach 55 million liters per day by the end of the current Iranian calendar year (March 20, 2011), the English satellite Press TV reported on Sunday. ...

2 Trillion Yuan of Locked up Shares to Become Tradable

Locked up shares worth about 11 percent of the combined value of the A-shares listed on the Shanghai and Shenzhen bourses will become tradable this week, a record level unlikely to be ever surpassed. Shares in 29 companies worth about 2 trillion yuan (29.85 billion U.S. dollars), ...

Wall Street Inches up after Job Data

Wall Street inched up on Friday after the U.S. government reported a better-than-expected job data. The Labor Department said the economy added a total of 151,000 jobs in October, a net gain in jobs for the first time in five months, which is far more than analysts had been ...

Nikkei Jumps Nearly 3 Pct on Fed's Monetary Policy

Japan's Nikkei index jumped almost 3 percent to a nearly one-month high Friday on the Federal Reserve's decision to ease monetary policy. The benchmark 225-issue Nikkei Stock Average advanced 267.21 points, or 2.86 percent, from Thursday to 9,625.99, the highest closing since Oct ...

China's Stocks Rise to Seven-Month High

China's stocks rose to a seven-month high Friday following a Wall Street rally. The benchmark Shanghai Composite Index climbed 1.38 percent, or 42.56points, to close at 3,129.5. The Shenzhen Component Index gained 1.01 percent, or 137.63 points, to finish at 13,733.36. Combined ...

Wall Street Rallies on Fed Stimulus Plan

Wall Street rallied on Thursday as market sentiment was buoyed by the Federal Reserve's stimulus plan. The Fed said in its statement on Wednesday that it will purchase a total of 600 billion U.S. dollars in long-term U.S. bonds, 75 billion dollars per month, by the end of second ...

Pakistan KSE Storms Past 10,700 on Massive Buying

Investors thronged Pakistan's Karachi Stock Exchange (KSE) on Thursday making full use of the equities available at rather attractive levels as the main index regained the psychological level of 10,700 points. The benchmark KSE 100-Index surged by 0.80 percent or 84.54 points to ...

China's Farm Produce Prices Higher, Adding to Inflation Concern

Prices of China's farm produce in major cities have all posted rises in the week that ended Oct. 31 from the previous week, government figures showed Wednesday. The rise in food prices, which have a one-third weighting in the calculation of China's consumer price index (CPI), has ...

Mortgage for Third Home to be Banned

China's Ministry of Housing and Urban-Rural Development announced Wednesday it will block the Public Housing Fund (PHF) mortgage for third home buyers, a move to further curb property speculation. The announcement was made in a circular jointly issued by the Ministry of Housing ...
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world

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Chinese leader calls for more marine power
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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
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