market

The People's Bank of China (PBOC), or the central bank, auctioned one-year bills worth 51 billion yuan (7.62 billion U.S. dollars) through its open market operations Tuesday. The yield on one-year bills stood unchanged at 2.2913 percent compared with bills sold on Oct. 26. The ...
HONG KONG - Sinopec, Asia's top oil refiner, said its net profit rose 15 per cent in the third quarter, in line with expectations, due to strong refining margins that offset higher crude prices. Sinopec's improving refining margins in the third quarter reflect a turnaround for ...
A proposal to merge two major steel companies in Shandong Province is facing a setback as they failed to call for a shareholder meeting within a stipulated timeframe, citing changed market conditions. Jinan Iron and Steel Co and Laiwu Steel Corp, both listed on the Shanghai Stock ...
China's largest gold miner Zijin Mining has expressed "deep sorrow and regret" and decided to donate 50 million yuan ($7.5 million) regarding the casualties and loss of property following a dam overflow in September when a typhoon hit southern Guangdong province, the company said ...
Shares of Chinese infant-formula maker Yashili International opened 11.9 percent lower than its initial public offering price of 4.2 HK dollars (54 U.S. cents) on Monday, its first trading day in Hong Kong. Under the stock code of 1230, shares of the privately-owned company, ...
Global oil demand has been running strong ahead of a 2nd round of QE (quantitative easing) likely to be announced by the Fed this week. Higher demand on the back of optimism for improved industrial and transport consumption, oil prices are expected to head north in the coming ...
The vice-president of Tsinghua University's Economics and Management School told a gathering in Beijing that China needs more investment options for both individuals and companies. The reason people are depositing most of their earnings in banks is because they have few ways to ...
China's expansive spending on infrastructure projects has encouraged the domestic machinery producer Sany Heavy Industry Co Ltd to look for other countries experiencing a similar urbanization process, and try to increase its revenue from overseas activities to 50 percent. "In the ...
p>Atlantic Coast residual fuel prices reached record highs Thursday as crude oil and products futures extended Wednesday's gains on economic optimism. Platts' 1%S physical fuel assessment was up $1.65 at $77.60/barrel Thursday, its highest level since May 4. In addition, with ...
Yanzhou Coal Mining Co Ltd, the third largest listed coal company in China, said it will increase the capital investment in its wholly-owned Yancoal Australia Pty Ltd by A$909 million ($917 million). The move will increase its total capital investment to A$973 million from A$64 ...
Shareholders of Laiwu Steel Corp, controlled by China's sixth-largest steel-maker, rejected a takeover offer from sister company Jinan Iron and Steel Co, blocking a second attempt to merge their operations. Laiwu Steel failed to get the two-thirds of the votes needed to pass the ...
Sinovel Wind, China's top wind turbine maker, expects its business to grow at a compound annual rate of more than 30 percent over the next five years, Sinovel management told investors on Tuesday in an online roadshow. It also said it plans to raise as much as 9.5 billion yuan (...
p>A senior official from the International Energy Agency said Friday he was pleased that OPEC member countries were reacting fast enough to current high prices by boosting production unofficially. But Richard Jones, deputy director of the industrialized world's energy watchdog, ...
By Monty Guild The world markets moved like Superman last week. They lifted off and moved higher in a decisive manner. In the ongoing contest between bulls and bears, the bulls have had the upper hand in many markets. Wall Street also moved firmly into the bullish camp with U.S. ...
Shares of China Mobile slumped nearly 4 percent Wednesday, the second day after the world's biggest mobile operator Vodafone Group PLC sold its 3.2 percent stake in the company. UK-based Vodafone said late Tuesday it sold its entire interest in China Mobile for an approximate 4.3 ...
China's largest search engine Baidu Inc launched a voice-based music search service on Monday, part of its efforts to grab more users following rival Google Inc's departure from the mainland. The company said the new feature will enhance its current music search, which is based ...
How long the world can run on oil?, not even another hundred years, according to a recent study conducted by University of California, Davis. If the global consumption continued like that of today, the world will run out of oil around 100 years before replacement energy sources ...
US November propylene contracts settled down by 1 cent/lb ($22/tonne, ?6/tonne) after a hold-out supplier, which had previously pushed for a rollover, agreed to the decrease, market sources said on Monday. The drop puts November polymer-grade propylene (PGP) at 57.50 cents/lb and ...
US product stocks fell another 1.845 million barrels to 748.807 million barrels the week ending November 12 as abnormally low levels of imports eroded inventories, an analysis of the oil data released Wednesday by the Energy Information Administration showed. At 748.807 million ...
World oil prices recovered slightly in Europe on fresh tensions in the Korean peninsula, before losing steam on weak stocks and a still strong dollar. Light sweet crude for January delivery fell as much as 84 cents, or 1 percent, to $80.90 a barrel in electronic trading on the ...
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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 ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...