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S&P Downgrade of 24 Italian Banks Ripples through Italian Economy: Ratings firm Standard & Poor's on Tuesday downgraded two-dozen Italian banks and financial institutions, in a latest blow against the Italian economy and sparking a new round of doubts about Italy's chances to survive the ongoing financial crisis. S&P cited renewed market ...

China's yuan weakens against USD Tuesday: The Chinese currency Renminbi, or the yuan, weakened 39 basis points to 6.3749 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 fall by 0.5 percent from the central ...

China's stocks open lower on Wall Street losses: China's stocks opened lower on Tuesday, following an overnight rout on Wall Street. The benchmark Shanghai Composite Index lost 0.7 percent to open at 2,423.28, while the Shenzhen Component Index opened 0.67 percent lower at 10,442.57. Overnight, U.S. stocks suffered a sell-off, ...

Chinese stocks close 0.37% higher Monday: Chinese stocks closed higher on Monday with the benchmark Shanghai Composite Index up 0.37 percent, or 9.02 points to end at 2,440.40. The Shenzhen Component Index gained 0.72 percent, or 75.23 points, to 10,513.49.

Chinese stocks end higher at midday Monday: Chinese stocks closed higher at midday Monday with the benchmark Shanghai Composite Index up 0.18 percent to end the morning session at 2,435.66. The Shenzhen Component Index gained 0.68 percent to 10,508.85.

China Stock Index Futures Open Lower Tuesday: China's stock index futures opened lower on Tuesday with the contract for settlement in October, the most actively traded, down 20.6 points to 2,639.8 points. The contract for settlement in November opened 25.8 points lower at 2,640 points while the contract for settlement in ...

China's Yuan Weakens against USD Tuesday: The Chinese currency Renminbi, or the yuan, weakened 39 basis points to 6.3749 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 fall by 0.5 percent from the central ...

China to Launch 3 New Stock Indices Next Month: Three new stock indices, including two based on specific industries and one meant as a sub-index of the CSI 500 Index, are slated to be launched on Nov 8, China Securities Index Co, Ltd (CSI) said Sunday. The CSI TMT Industries Index was designed to track companies in the ...

Natural Gas Output Climbs 6.9%: China's natural gas output rose 6.9 percent year on year to 23.9 billion cubic meters in the third quarter of this year, the country's top economic planner said yesterday. Natural gas output in the first nine months totaled 74.4 billion cubic meters, up 7 percent from last year, ...

New Home Sales See Rebound: New home sales in Shanghai rebounded last week from a five-week low as supply increased, but analysts said the recovery may be slow after some commercial banks raised mortgage rates for buyers of first homes. Sales of new homes, excluding affordable housing, climbed 39 percent ...

Chinese Stocks End Higher at Midday Monday: Chinese stocks closed higher at midday Monday with the benchmark Shanghai Composite Index up 0.18 percent to end the morning session at 2,435.66. The Shenzhen Component Index gained 0.68 percent to 10,508.85.

China's stocks open higher on Monday: China's stocks opened higher on Monday, as the drop of the country's September CPI (Consumer Price Index) boosted investors' confidence. The benchmark Shanghai Composite Index climbed 0.13 percent to open at 2,434.49. The Shenzhen Component Index opened 0.17 percent higher at 10...

China's yuan strengthens against USD Monday: The Chinese currency Renminbi, or the yuan, strengthens 52 basis points to 6.3710 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 ...

Key index may continue rebound: China's key stock index may continue its rebound in the short term after posting the best weekly gain since August last week, analysts said. The Shanghai Composite Index rose 3.1 percent last week to close at 2,431.38 points after the government announced it would provide easier ...

China to launch 3 new stock indices next month: Three new stock indices, including two based on specific industries and one meant as a sub-index of the CSI 500 Index, are slated to be launched on Nov. 8, China Securities Index Co., Ltd. (CSI) said Sunday. The CSI TMT Industries Index was designed to track companies in the ...

China to Become Key Market for Aviation Industry: China will take center stage in the development of the global aviation industry, Airbus President and CEO Thomas Enders said in France on Friday. The global aviation industry would expand at an annual rate of over 5 percent in the next 20 years, Enders said at a ceremony at the ...

China's stocks close lower on inflation data: China's stocks closed lower on Friday, as the country's stubbornly high inflation allows no easing in the government's tightening measures. The benchmark Shanghai Composite Index lost 0.30 percent, or 7.41 points, to close at 2,431.38 points. The Shenzhen Component Index slid 0...

QDII funds' net worth drops by 17.6% in Q3: The net worth of China's stock-oriented QDII (qualified domestic institutional investor) funds went down by 17.63 percent in the third quarter due to sharp falls in global stock markets and the worsening of the European debt crisis. According to the latest statistics from Wind ...

China stocks close higher on Thursday: China's stocks closed higher on Thursday, following the dramatic gain of more than 3 percent a day earlier. The benchmark Shanghai Composite Index gained 0.78 percent, or 18.79 points, to close at 2,438.79 points. The Shenzhen Component Index gained 0.54 percent, or 55.91 points, ...

China September Auto Sales up 19% Month-on-month: China's automobile sales rose 19.19 percent month-on-month to about 1.65 million units in September, the China Association of Automobile Manufacturers (CAAM) said Thursday. Automobile output reached 1.60 million units last month, up 15 percent from August, the CAAM said in a ...

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