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Chinese stocks close higher at midday Wednesday

Chinese stocks rose slightly at midday Wednesday with the benchmark Shanghai Composite Index up 0.18 percent to end the morning session at 2,419.39. The Shenzhen Component Index climbed 0.41 percent to 10,491.54. Shanghai Shentong Metro Group Co., operator of the Shanghai subways...

Yuan hits new high against US dollar

The Chinese currency Renminbi, or the yuan, strengthened 137 basis points against the greenback on Wednesday, with the central parity set at 6.3623 per U.S. dollar, according to the China Foreign Exchange Trading system. Dealers said the market sentiment is improving as the U.S. ...

US Stocks Drop on Refreshed European Concerns

U.S. stocks ended lower on Wednesday, breaking a three-day winning streak, as refreshed concerns about the European debt crisis continued to weigh on the market. Major indexes traded higher before the sell-off accelerated in late session and European debt problems still dominated ...

Oil Resumes Downside Trend on Europe Doubt

Crude prices resumed downside trend on Wednesday as investors doubted Europe's willingness and ability to solve the debt problems and U.S. weekly crude inventories rose fast than expected. After the surge on the previous trading day, crude resumed declines as worries about ...

Gold Price Drops on Profit-taking

Gold futures on the COMEX Division of the New York Mercantile Exchange dropped again on Wednesday, as traders took profits on previous gains. The most active gold contract for December delivery dropped 34. 4 dollars, or 2.1 percent, to 1,618.1 dollars per ounce.

Yuan weakens 25 basis points against dollar to 6.376

The Chinese currency Renminbi, or the yuan, weakened 25 basis points against the greenback on Tuesday, with the central parity set at 6.376 per U.S. dollar, according to the China Foreign Exchange Trading system. The yuan rose to a record high of 6.3735 per U.S. dollar on Monday, ...

Gold price opens down in Hong Kong

The gold price in Hong Kong went down 700 HK dollars to open at 15,450 HK dollars per tael on Monday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,662.48 U.S. dollars a troy ounce, down 75.33 U.S. dollars at the latest exchange rate of ...

Alibaba Eyes US Listing for HiChina

Business-to-business site operator Alibaba.com is to spin off and list one of its units in the United States. Alibaba told the Hong Kong stock exchange Monday that it was planning an initial public offering of HiChina Group, an Internet infrastructure service provider. HiChina's ...

Alibaba eyes US listing for HiChina

Business-to-business site operator Alibaba.com is to spin off and list one of its units in the United States. Alibaba told the Hong Kong stock exchange yesterday that it was planning an initial public offering of HiChina Group, an Internet infrastructure service provider. HiChina...

Publication bubble threatens China's scientific advance

As China's economy has soared to the second place in the world, the country's scientific strength has also surged -- if only measured by the numbers. Chinese researchers published more than 1.2 million papers from 2006 to 2010 -- second only to the United States but well ahead of ...

Beijing's 2nd-hand Home Sales Drop to 3-year Low

Sales of second-hand homes in Beijing slumped to a three-year low in the first 19 days of September, China National Radio reported Sunday. The contract sales of existing homes stood at 4,233 units from September 1 to 19, the report said, citing figures from the Beijing's real ...

Dollar rises amid global recession fear

The U.S. dollar rose against other major currencies this week as global economic recession concerns raise risk-aversion appetite. The Federal Reserve on Wednesday launched so-called operation twist which intends to replace 400-billion-dollar short-term debt with long-term bonds, ...

China's stocks continue to fall amid global slump

China's stocks continued a falling trend Friday amid global bear market, with the benchmark Shanghai Composite Index down 0.41 percent, or 9.9 points, to close at 2,433.16 points. The Shenzhen Component Index dropped 1.15 percent, or 122.07 points, to finish at 10,538.4. After ...

U.S. Rig Count Up by Six This Week

The number of operating oil and natural gas rigs in the United States increased by six to 1,991 this week, according to a weekly report released in Houston on Friday. A total of 1,071 rigs were exploring for oil and 912 for natural gas in the U.S., with another eight rigs listed ...

Oil Dips Further Below 80 Dollars a Barrel

U.S. crude price on Friday dipped further below the important supporting level of 80 dollars a barrel on lingering concerns about global economic recession. There were no major data released on Friday. Investors remained cautious after the large scale of sell-off on the previous ...

U.S. Stocks End Bad Week on Positive Note

The U.S. stocks ended higher on Friday, snapping a four-day losing streak, after major indexes plunged more than 3 percent in the previous session. The Dow Jones industrial average added 37.65 points, or 0.35 percent, to 10,771.48. The Standard & Poor's 500 was up 6.87 points, or ...

Gold Nose-Dives as Global Selloff Continues

Gold futures on the COMEX Division of the New York Mercantile Exchange further slumped on Friday, as the continued massive sell-off in global markets prompted investors to sell metals positions to raise cash. The surging dollar also put a sledge hammer in the precious metal. The ...

G20 Pledges "All Necessary Actions" to Tackle Global Crisis

The Group of 20 (G20) major economies Thursday vowed to take strong actions to address the worsening global financial crisis that threatens world economy. "We commit to take all necessary actions to preserve the stability of banking systems and financial markets as required," the ...

Yuan weakens to 6.3840 against USD Friday

The Chinese currency Renminbi, or the yuan, weakened 32 basis points to 6.3840 per U.S. dollar on Friday, 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 parity ...

U.S. financial markets battered by recession fears

U.S. financial markets took a big hit on Thursday, with both stocks and commodities suffering massive sell-offs, as the Federal Reserve's bleak outlook on the economy and poor economic data added to fears of a double-dip recession. Markets in turmoil Losses were across the board ...
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china

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finance

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company

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Court rejects Apple lawsuit over iPad name
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sports

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Yao's gift of sport for all
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