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Turning Point in Housing Market Looms: When long-awaited housing price cuts finally came to the Chinese market, the immediate response was not a warm welcome. Instead, media reports have featured protests from homeowners in cities where prices dropped right after they made purchases. Hundreds of homeowners stormed ...

Chinese stocks gain for third straight day: Chinese shares rose Wednesday for the third day in a row after Premier Wen Jiabao said Tuesday that China will properly control the intensity, pace and focus of its macroeconomic regulation. The benchmark Shanghai Composite Index gained 0.74 percent, or 17.81 points, to close at ...

Yuan retreats to 6.3456 against USD Wednesday: The Chinese currency Renminbi, or the yuan, weakened 31 basis points to 6.3456 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the ...

Oil Tumbles on High Inventories: U.S. crude oil price tumbled on Wednesday as U.S. crude inventories rallied last week. The U.S. Energy Information Administration reported that U.S. oil inventories increased 4.7 million barrels in the week ended October 21. That reversed the decline of 4.7 million barrels in the ...

Gold Extends Rally amid Concerns over EU Debt Problem: Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Wednesday, extending the metal's rally into the fourth trading day, buoyed up by safe-haven demands as investors awaited the outcome of EU summit.

Gold price closes higher in Hong Kong: The gold price in Hong Kong moved up 30 HK dollars to close at 15,370 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,659.19 U.S. dollars, up 3.24 U.S. dollars at latest exchange rate of one U.S. dollar ...

China stock index futures end higher: China's stock index futures closed higher on Tuesday, with the contract for November, the most actively traded, up 1.56 percent from the previous trading day to 2,622 points. The December contract gained 1.63 percent to 2,629 points, while the contract for March 2012 grew 1.72 ...

Yuan advances to record high of 6.3425 against USD: The Chinese currency Renminbi, or the yuan, strengthened for five straight trading days to a record high of 6.3425 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or ...

Gold price opens flat in Hong Kong: The gold price in Hong Kong opened flat at 15,340 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,655.95 U.S. dollars a troy ounce at the latest exchange rate of one U.S. dollar against 7.776 HK dollars.

China's stocks higher at midday Tuesday: China's stocks rose on Tuesday with the benchmark Shanghai Composite Index up 0.69 percent to end the morning session at 2,836.79. The Shenzhen Component Index gained 1.41 percent to close at 10,098.1.

China's stocks rally on improving manufacturing data: China's stocks rallied on Monday, ending a four-day losing streak, as improving manufacturing data and easing concerns of inflation boosted market sentiment. The benchmark Shanghai Composite Index gained 2.29 percent, or 53.06 points, to close at 2,370.33. The Shenzhen Component ...

Yuan advances to 6.3549 against USD Monday: The Chinese currency Renminbi, or the yuan, gained 79 basis points to 6.3549 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central ...

Nikkei rises sharply on strong China data: Japanese shares rose sharply Monday, driven by progress in easing the eurozone debt crisis and strong Chinese manufacturing data released. The 225-issue Nikkei Stock Average ended up 165.09 points, or 1. 90 percent, from Friday at 8,843.98. The broader Topix index of all First ...

Oil Surges on European Hopes, China Data: Crude prices surged on Monday as market sentiment turned positive on hopes for a solution to the European debt crisis and expanding Chinese manufacturing data, with the New York benchmark returning back above 90 dollars a barrel. Investors still focused on European news. The ...

Wall Street Buoyed by Europe Hopes: Wall Street held its strong gain to the last minute of trading on Monday, buoyed by strong earnings from Caterpillar and hopes on a concrete resolution to the European debt woes. The Dow Jones industrial average gained 104.83 points, or 0.89 percent, to close at 11,913.62. ...

Hong Kong Stocks up over 3 pct: Hong Kong stocks moved up 3.12 percent, or 562.65 points, during morning session on Monday to reach 18,588.37. Blue-chip HSBC rose over 2.3 percent to reach over 64 HK dollars (about 8.22 U.S. dollars) Monday morning. Property became strong with some of them rose over 3 to 4 ...

Home buyers angry as project's prices lowered: Angry homeowners of several residential projects in Shanghai flocked to their developers' sales offices over the weekend, seeking refunds or purchase cancellations after big discounts have been offered by developers to trigger sales. Hundreds of infuriated homeowners gathered at ...

Home Buyers Angry as Project's Prices Lowered: Angry homeowners of several residential projects in Shanghai flocked to their developers' sales offices over the weekend, seeking refunds or purchase cancellations after big discounts have been offered by developers to trigger sales. Hundreds of infuriated homeowners gathered at ...

China's Stocks Open slightly Higher Monday: China's stocks opened slightly higher on Monday after the key index fell to the lowest levels in 31 months during last week's trading. The benchmark Shanghai Composite Index edged up 0.2 percent to open at 2,322.02, while the Shenzhen Component Index opened up 0.39 percent at 9...

China's Nonferrous Metals Output Up 11.2 Pct: China's output of 10 kinds of nonferrous metals rose 11.2 percent year-on-year to 25.86 million tonnes over the first nine months this year, according to latest data provided by the country's top economic planner. The growth rate was 12.7 percentage points lower than that of the ...

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