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U.S. Stocks Turn into Positive Territory: U.S. stocks turn positive on Friday amid signs of stabilization in European debt and better-than- expected data, with all three major indexes turning positive. Italy's Senate approved a budget bill on Friday, which cleared the way for Prime Minister Berlusconi to resign. The bill ...

U.S. Rig Count Down by 10 to 2,016 This Week: The number of operating oil and natural gas rigs in the United States went down by 10 to 2,016 this week, according to a weekly report released in Houston on Friday. A total of 1,133 rigs were exploring for oil and 877 for natural gas in the U.S., with another six rigs listed as ...

Chinese Shares Closed Mixed on Friday: Chinese shares closed mixed on Friday, as investors stay cautious over the development of eurozone debt crisis. The benchmark Shanghai Composite Index edged up 0.06 percent, or 1.55 points, to end at 2,481.08. The Shenzhen Component Index lost 0.56 percent, or 58.62 points, to ...

Shares fall on slowing exports, EU debt concerns: Chinese shares sank Thursday, sending the benchmark index on its greatest daily drop in almost three weeks as the nation's export figures indicated a further slowing in global demand and rising Italian bond yields fueled concerns about the eurozone debt crisis. The benchmark ...

Hong Kong stocks open 4.61% lower: Hong Kong stocks plunged 923.03 points, or 4.61 percent, to open at 19,091.40 on Thursday, tracking losses in the global markets. Bank of China slipped 4.6 percent to 2.72 HK dollars (about 0. 35 U.S. dollars), while ICBC retreated 7.7 percent to 4.79 HK dollars. China Constructi...

Single's Day is A Boon for Businesses: Wang Haiming was determined not to sit in his apartment alone on Nov. 11, 2011, a day with six "1"s on the calendar and a headache for the 33-year-old bachelor. Instead, Wang joined a tour group of 34 single men and women, hoping to find romance while traveling around south China...

Nikkei Tumbles to 5-Week Intraday Low on Italy Debt Crisis: Nikkei fell more than two percent Thursday morning to a five-week intraday low, as investors feared that the spike in the yield on Italian government bonds would worsen the eurozone debt crisis. The 225-issue Nikkei Stock Average lost 205.50 points, or 2.35 percent, from ...

Chinese Shares Fall on European Debt Concerns: Chinese shares sank on Thursday, sending the benchmark index to its biggest daily drop in almost three weeks, as the nation's export figures indicated a further slowing in global demand and rising Italian bond yields fueled concerns about eurozone debt crisis. The benchmark ...

U.S. to Impose Antidumping Duties on Multilayered Wood Flooring from China: Related: China Expresses Concern over U.S. Solar Panel Dumping Probe The U.S. International Trade Commission (USITC) Wednesday cleared the way for the U.S. government to levy antidumping duties on imports of multi-layered wood flooring from China. The USITC also said in its ...

Wall Street plunges on Italy concern: U.S. stocks tumbled on Wednesday as huge sell-off was triggered by fears about the Italian debt crisis. All major indices shed more than 3 percent on Wednesday's close. Although the news that Italian Prime Minister Silvio Berlusconi will resign after his government's new ...

Gold declines as dollar gains strength: Gold futures on the COMEX Division of the New York Mercantile Exchange on Wednesday retreated after it failed to hold the 1,800-dollar mark, representing the first decline in the latest three trading days, as a stronger dollar pared the appeal of gold as an alternative investment...

China's stocks rebound Wednesday: China's stocks ceased their declines and rebounded on Wednesday. The benchmark Shanghai Composite Index rose 0.84 percent, or 21.08 points, to end at 2,524.92. The Shenzhen Component Index added 0.80 percent, or 84.78 points, to finish at 10,625.88.

Shares close lower at midday despite eased inflation: China's stocks ended lower at midday Wednesday despite eased inflation rate in October. The benchmark Shanghai Composite Index went down 0.35 percent to close the morning session at 2,495.05. The Shenzhen Component Index dropped 0.64 percent to close at 10,473.44. China's ...

Zijin seals 2 deals to add mine reserves: China's leading gold and copper producer Zijin Mining Group said it will invest nearly US$409 million in two mining deals to boost its reserves. The miner had agreed to pay US$228 million to Jinchuan Group for a 45 percent stake in Gold Eagle Mining Investment, which owns the ...

China's Stocks Rebound 0.84 pct Wednesday: China's stocks ceased their recent declines and rebounded on Wednesday boosted by news that the country's inflation eased last month as food prices posted slower price gains. Government data released Wednesday showed that the consumer prices increased 5.5 percent in October from ...

China October Auto Sales down 7.37 pct Month-on-month: China's automobile sales dropped 7.37percent month-on-month to 1.52 million units in October, the China Association of Automobile Manufacturers (CAAM) said Wednesday. Automobile production stood at 1.57 million units last month, down 1.99 percent from September, the CAAM said.

Stocks open higher Wednesday on positive data: China's stocks opened higher on Wednesday, with the benchmark Shanghai Composite Index moving up 0.35 percent to open at 2,512.59. The Shenzhen Component Index opened 0.32 percent higher at 10,575.18.

China gold demand may hit 400 tonnes in 2011: China's gold output may exceed 350 tonnes and consumption reach 400 tonnes this year, according to the head of China Gold Association. The output in the first nine months of the year hit 259 tonnes, up 4.32 percent from a year ago, said Sun Zhaoxue, also the president of China ...

Singapore market gains 0.64 pct on Tuesday: Singapore shares closed 0.64 percent higher on Tuesday, although caution prevailed in the market on expectation that Italian Prime Minister Silvio Berlusconi may resign amid Euro-zone debt crisis. Italian government bond yields had soared to a near 15-year high, putting the Euro ...

Dollar trades around 78 yen line in Tokyo: The U.S. dollar traded around the 78 yen line on Tuesday in Tokyo. At 5 p.m., the dollar was quoted at 78.04-05 yen versus 78.00- 10 yen in New York and 78.17-18 yen in Tokyo at 5 p.m. Monday. It moved between 77.99 yen and 78.10 yen during the day, changing hands most frequently ...

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