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Groupon reconsidering IPO time: 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 ...

Wall Street falls for 3rd day: Wall Street fell for the third straight day on Tuesday as concerns over European debt problems and weak U.S. economic outlook weighed heavily on the market. The Dow Jones industrial average ended 100.96 points, or 0.90 percent, to 11,139.30 after plunging more than 300 points in ...

Hong Kong stocks close 0.48% higher Tuesday: Hong Kong stocks closed up 94.10 points, or 0.48 percent, at 19,710.50 on Tuesday. The benchmark Hang Seng Index traded between 19,727.89 and 19,290.40. Turnover totaled 69 billion HK dollars (about 8.85 billion U.S. dollars). (1 U.S. dollar = 7.793 HK dollars).

China's stocks down 0.33% Tuesday: China's stocks extended losses and slipped slightly on Tuesday, as the plunging European markets and the shrinking liquidity battered the investor sentiment. The benchmark Shanghai Composite Index fell 0.33 percent, or 8.22 points, to end at 2,470.52. The Shenzhen Component Index ...

Ferrari Maserati Recalls 56 Autos in China: Ferrari Maserati Cars Sales and Services (Shanghai) Co. will recall 56 vehicles imported to the Chinese mainland due to defective track bars, China's quality watchdog said on Tuesday. The recall, which began Tuesday, includes 37 QUATTROPORTE models and 19 GranTurismo models that ...

Asian Market Roundup September 6: China China's stocks extended losses and slipped slightly on Tuesday, as the plunging European markets and the shrinking liquidity battered the investor sentiment. The benchmark Shanghai Composite Index fell 0.33 percent, or 8.22 points, to end at 2,470.52. The Shenzhen Component ...

OPEC oil price continues to rise: The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) continued to increase last week, growing to 110.16 U.S. dollars per barrel, the Vienna-based cartel said Monday. OPEC oil price kept rising for three consecutive weeks. During the five trading ...

Asian Market Roundup September 5: China China's stocks extended losses and tumbled on Monday tracking Wall Street's losses last Friday. The benchmark Shanghai Composite Index fell 1.96 percent, or 49.54 points, to end at 2,478.74. The Shenzhen Component Index plunged 2.43 percent, or 273.39 points, to finish at ...

London Stocks Slump Sharply on Monday: London stock market fell sharply on Monday with the FTSE 100 index ending down 3.58 percent, or 189.45 points lower, to 5,102.58 points. The market expanded losses following last Friday's 2.34-percent drop on weak U.S. job data as well as re-rising worries over the Italian and ...

China's Contracts 'Safe' in Libya: Libya's National Transitional Council (NTC) said it will respect business contracts and agreements signed with China before the war, said Deputy Foreign Minister Zhai Jun. Saying China has great ability and potential to help rebuild the country, especially its infrastructure, ...

China stocks close lower Friday: China's stocks fell Friday, as the benchmark Shanghai Composite Index dropped 1.09 percent, or 27.76 points, to 2,528.28. The Shenzhen Component Index lost 1.1 percent, or 124.57 points, to finish at 11,228.3.

Gold price opens higher in Hong Kong: The gold price in Hong Kong went up 22 HK dollars to open at 16,950 HK dollars per tael on Friday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,827.64 U.S. dollars a troy ounce, up 2.61 U.S. dollars at the latest exchange rate of one U.S...

China stocks fall at midday Friday on Wall Street's drop: Chinese shares fell deep in the morning session on Friday, tracking Wall Street's declines overnight. The benchmark Shanghai Composite Index dipped 1.28 percent, or 32.74 points, to 2,523.30. The Shenzhen Component Index lost 1.30 percent, or 147.30 points, to finish the morning ...

Gold retreats as dollar firms: Gold futures on the COMEX Division of the New York Mercantile Exchange ended a tad lower on Thursday, pressured by a rising dollar, as investors booked some profits after two days of gains. The better-than-expected U.S. manufacturing data also dimmed some of the shine of gold as ...

US stocks shed early gains: U.S. stocks ended lower on Thursday as the weak performance in Financials pressured on the market, erasing gains in the morning session. The blue-chip Dow lost about 1 percent at the close. The broader S&P 500 fell nearly 1.2 percent and the tech-heavy Nasdaq declined about 1.3 ...

China stocks close slightly lower Thursday: China's stocks fell Thursday, as the benchmark Shanghai Composite Index edged down 0.44 percent, or 11.30 points, to 2,556.04. The Shenzhen Component Index lost 0.39 percent, or 44.62 points, to finish at 11,352.86.

Revenue, profit growth slows at mainland-listed firms: Revenue and net profit at Chinese mainland-listed firms grew at a slower pace in the first half of this year, according to data compiled by Securities Times. A total of 2,209 firms listed in the mainland markets have released their half-year earning reports by Tuesday, which ...

China's Yuan Settlement in Cross-Border Trade Hits 1.63 Trillion Yuan: China's cross-border trade settlements in yuan hit 1.63 trillion yuan (254.69 billion U.S. dollars) by the end of July since the program's launch in July 2009, a central bank official said on Thursday. The People's Bank of China (PBOC), the country's central bank, has signed ...

Oil edges down on inventories surge: U.S. crude oil price fell on Wednesday as U.S. crude inventories increased sharply last week, but better-than-expected economic data limited the loss. U.S. crude oil price turned negative after U.S. Energy Information Administration reported U.S. crude stocks added largely 5.3 ...

Toast to increase prices: Shares of Chinese liquor maker Wuliangye hit a nine-month high yesterday after it announced it would raise product prices by 20 to 30 percent to offset rising costs and to tap demand. The Sichuan Province-based company will increase prices on its Wuliangye premium product series ...

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Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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