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Yuan weakens to 6.3982 against USD Tuesday: The Chinese currency Renminbi, or the yuan, weakened 60 basis points to 6.3982 per 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 parity ...

Nikkei tumbles to end at lowest level since 2009: The Nikkei index tumbled by more than two percent Monday to end at its lowest level since April 2009, weighed down by renewed worries about European debt problems and the global economy. The benchmark 225-issue Nikkei Stock Average dropped 201.99 points or 2.31 percent to 8,535...

Nikkei Tumbles to End at Lowest Level since 2009: The Nikkei index tumbled by more than two percent Monday to end at its lowest level since April 2009, weighed down by renewed worries about European debt problems and the global economy. The benchmark 225-issue Nikkei Stock Average dropped 201.99 points or 2.31 percent to 8,535...

Euro Tumbles to Fresh 10-year Low in Tokyo: The euro tumbled to a fresh 10-year low in the lower 104 yen level in Tokyo on Monday. At 5 p.m., the euro fetched 104.22-26 yen and 1.3561-3562 dollars, versus 105.82-92 yen and 1.3649-3659 dollars in New York and 107.63-67 yen and 1.3880-3881 dollars in Tokyo at 5 p.m. Friday. ...

China stocks close moderately lower Friday: China's stock markets posted a moderate drop on Friday despite government data showing inflation eased in August from one month earlier. The benchmark Shanghai Composite Index fell 0.05 percent, or 1.19 points, to end at 2,497.75. The Shenzhen Component Index dropped 0.37 percent...

Researcher: Time to focus on quality in finance: China's financial sector should stress quality amid rapid development and tighten supervision of foreign capital inflows, said Wang Guogang, head of the finance and banking institute at the Chinese Academy of Social Sciences. The economist said it would be unwise for China to ...

China's yuan weakens to 6.3922 against USD Friday: The Chinese currency Renminbi, or the yuan, weakened 33 basis points to 6.3922 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 ...

China's stocks down 0.68% Thursday: China's stocks slipped lightly on Thursday with the benchmark Shanghai Composite Index down 0.68 percent, or 17.15 points, to end at 2,498.94. The Shenzhen Component Index dropped 0.71 percent, or 77.87 points, to finish at 10,933.31.

Yuan strengthens to 6.3889 against USD on Thursday: The Chinese currency Renminbi, or the yuan, strengthened 79 basis points to 6.3889 per U.S. dollar on Thursday, 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 may launch RMB QFII trials soon: The People's Bank of China (PBOC), the country's central bank, is expected to kick-start RMB QFII trials soon, allowing yuan funds raised in Hong Kong to be invested in the mainland's securities market, a senior official said Thursday. QFII, short for Qualified Foreign Institutio...

Asian Market Roundup September 8: China China's stocks slipped Thursday with the benchmark Shanghai Composite Index down 0.68 percent, or 17.15 points, to end at 2,498.94. The Shenzhen Component Index decreased 0.71 percent, or 77.87 points, to finish at 10,933.31. Japan Japanese stocks closed slightly higher on ...

Gold prices slump against equities rebound: Gold futures on the COMEX Division of the New York Mercantile Exchange lost more than 55 dollars on Wednesday, the second straight drop in a row, as the rebound in global stock markets eroded demands for the precious metal. The most active gold contract for December delivery lost ...

Oil prices surge on tropical storm: U.S. crude oil prices surged on Wednesday as a majority of oil production in the Gulf of Mexico remained shut because of the Tropical Storm Lee. The U.S. government reported that more than 60 percent of oil production in the Gulf remained shut following Tropical Storm Lee, which ...

China's stocks up 1.84% Wednesday: China's stocks rebounded and closed higher on Wednesday with the benchmark Shanghai Composite Index up 1.84 percent, or 45.57 points, to end at 2,516.09. The Shenzhen Component Index increased 2.16 percent, or 232.75 points, to finish at 11,011.18.

Groupon Reconsidering IPO Time Due to Market Volatility: Market hearsay on Tuesday went that Groupon Inc., a Chicago-based daily deal website, has canceled the road shows for its initial public offering (IPO) scheduled to be made next week and is reassessing the timing of IPO due to drastic volatility on the stock market. An informed ...

Asian Market Roundup September 7: China China's stocks rebounded and closed higher on Wednesday with the benchmark Shanghai Composite Index up 1.84 percent, or 45.57 points, to end at 2,516.09. The Shenzhen Component Index increased 2.16 percent, or 232.75 points, to finish at 11,011.18. Japan Japanese stocks ...

U.S. Stocks Surge after Three Straight Losses: Wall Street surged on Wednesday with major indexes posting first gains in September as the strong rebound in European markets helped lift U.S. equities. The gains came after three straight losses on concerns of worsening European debt situations and dismal U.S. economic outlook. ...

U.S. Economy Continues to Grow Slowly: Fed: The U.S. economy continues to expand at a modest pace, with weaker activity in some districts, the Federal Reserve said on Wednesday. In its latest economic performance survey, the central bank saw "either modest or slight expansion" in districts including St. Louis, Minneapolis, ...

Yuan weakens to 6.3968 against USD Wednesday: The Chinese currency Renminbi, or the yuan, weakened 22 basis points to 6.3968 per 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 central parity ...

Gold retreats amid dollar strengthening: Gold futures on the COMEX Division of the New York Mercantile Exchange retreated on Tuesday, as the rising U.S. dollars reduced appeal of the precious metal as an alternative investment. The most active gold contract for December delivery declined 3. 6 U.S. dollars, or 0.2 ...

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