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China's stocks open lower Monday

China's stocks opened slightly lower on Monday amid lingering economic uncertainties. The benchmark Shanghai Composite Index dropped 0.13 percent to open at 2,470.25. The Shenzhen Component Index retreated 0.15 percent to open at 10,546.41. Analysts said the European Union debt ...

China steps up support for culture industry

China is trying to increase the contribution of culture sector to the national economy while its leadership prioritized cultural development at a key session this month. The output of culture industry is aimed to account for 5 percent of China's gross domestic product (GDP) in ...

Shanghai index up 6.7% for the week

The Shanghai stock market yesterday rose for a fifth day, with the key index making the largest weekly gains in a year, amid speculation that China may start to ease tightening measures, including removing property curbs. The Shanghai Composite Index climbed 1.6 percent to 2,473...

KSE jumps 2.47 pct over buying in oils, cements, ferts

After four consecutive sessions of bearish activities, the equities at Pakistan's Karachi Stock Exchange (KSE) ended the week on a positive note Friday with its main index jumping by almost 2.50 percent to end way above the psychological and crucial 11,500 levels. The benchmark ...

U.S. stocks post over 3-pct weekly gain

U.S. stocks ended mixed Friday over doubts on the European debt deal, but closed the week with gains of over 3 percent. The Dow Jones industrial average was up 22.56 points, or 0.18 percent, to close at 12,231.11. The Standard & Poor's 500 was up 0.49 points to close at 1,285.08. ...

Dollar rises against most major currencies

The dollar rose on Friday against the most of major currencies, while the euro retreated on doubts about European debt deal. The dollar fell sharply on Thursday as euro zone debt deal boosted the risk appetite. But the ratings agency Fitch said on Friday that European leaders' ...

Gold settles lower, pares weekly gain to 6.8 percent

Gold futures on the COMEX Division of the New York Mercantile Exchange on Friday settled lower for the first time in the latest six trading days, finishing the week with a 6.8-percent gain. The most active gold contract for Dec. delivery climbed 50 U.S. cents, or 0.03 percent, to ...

CCB reports third-quarter income jump

China Construction Bank, the world's second-largest lender by market value, yesterday said third-quarter profit climbed 16 percent on higher demand for loans and income from fees and commissions. Net income rose to 46.2 billion yuan (US$7.3 billion), or 0.18 yuan a share, from 39...

Falling Loans Add to Developers' Strains

New property-related loans continued to shrink in China in the third quarter of this year, adding to realty companies' capital strains, according to data from the People's Bank of China (PBOC). New property-related loans, which include loans to property developers and mortgage ...

Baoshan earns less

Baoshan Iron and Steel Co, China's biggest publicly traded steelmaker, yesterday said third-quarter profit fell 51 percent as rise in raw material costs outpaced product price gains. Net income fell to 1.24 billion yuan (US$195 million) from 2.55 billion yuan a year earlier, the ...

Nikkei closes at 8-week high

Tokyo stocks continued their advance Friday and the benchmark Nikkei stock index ended the week up 1.39 percent, booking its biggest weekly gain in a year buoyed by Wall Street's rally overnight on faster-than-expected growth in the United States and a debt deal struck in Europe. ...

Chinese stocks rally, recording best weekly gain in year

China's stocks rose for the fifth consecutive day on Friday, wrapping up the week with the best weekly gain in more than a year. The benchmark Shanghai Composite Index rose 1.55 percent, or 37.80 points, to close at 2,473.41. The index rallied 6.74 percent in the week, the ...

WTO Rejects Key EU Anti-Dumping Measures on Chinese Footwear

The Dispute Settlement Body of the World Trade Organization issued a panel report on Friday, rejecting certain key anti-dumping measures of the European Union (EU) imposed on footwear imports from China. In particular, the report found Article 9(5) of the EU's Basic Anti-Dumping ...

U.S. Stocks End Mixed on European Doubts

U.S. stocks ended mixed on Friday after major indexes surged in previous session on European debt deal. Investors breathed a sigh of relief on Thursday after European leaders reached an agreement to tackle the region's debt problem. On Friday investors realized there were still ...

Oil Falls on Profit Taking

Crude prices fell on Friday on profit-taking as investors remained cautious about the details of European debt deal. After experiencing the big rally on Thursday triggered by euro zone's debt deal, the crude markets Friday started to doubt the real effect of the newly-reached ...

Gold Settles Lower, Pares Weekly Gain to 6.8 Percent

Gold futures on the COMEX Division of the New York Mercantile Exchange on Friday settled lower for the first time in the latest six trading days, finishing the week with a 6.8-percent gain. The most active gold contract for Dec. delivery climbed 50 U.S. cents, or 0.03 percent, to ...

Chinese stocks gain for fourth straight day

China's stocks rose for the fourth consecutive day on Thursday, with the benchmark Shanghai Composite Index up 0.34 percent, or 8.13 points, to close at 2,435.61. The Shenzhen Component Index edged up 0.07 percent, or 7.54 points, to close at 10,323.29.

Gold Hikes for Fifth Day on EU Deal

Gold futures on the COMEX Division of the New York Mercantile Exchange hiked for the fifth trading day on Thursday, as investors hailed the EU plan that is armed at addressing the region's debt crisis. Meanwhile, a weaker U.S. dollar also added to the positive tone.

Oil Jumps Over 4 Pct on European Debt Deal

U.S. crude oil price jumped on Thursday as European leaders reached a deal to address the debt crisis. Light, sweet crude for December delivery soared 3.76 dollars, or 4.17 percent to settle at 93.96 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for ...

HK Stocks Close 3.26 Pct Higher

Hong Kong stocks rose 3.26 percent, or 622.16 points, to close at 19,688.70 on Thursday, tracking gains on peripheral markets. China Enterprises Index ended up 5.13 percent. Mainland financial shares surged, with ICBC and Ping An up over 7 percent. Heavyweight HSBC went up over 2 ...
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