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Gold price opens higher in Hong Kong: The gold price in Hong Kong went up 382 HK dollars to open at 17,020 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,832.36 U.S. dollars a troy ounce, up 40.67 U.S. dollars at the latest exchange rate of ...

China's yuan weakens to 6.3867 against USD: The Chinese currency Renminbi, or the yuan, weakened 18 basis points to 6.3867 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 ...

China stocks closes slightly down Tuesday: China's stocks fell Tuesday, as the benchmark Shanghai Composite Index edged down 0.38 percent, or 9.82 points, to 2,566.60. The Shenzhen Component Index lost 0.25 percent, or 27.93 points, to finish at 11,344.45.

China stocks rebound at midday Tuesday: Chinese shares gained ground in the morning session on Tuesday, tracking Wall Street's surge overnight. The benchmark Shanghai Composite Index rose 0.99 percent, or 25.61 points, to 2,602.02. The Shenzhen Component Index went up 1.22 percent, or 138.96 points, to finish the ...

China's yuan advances to 6.3849 against dollar: The Chinese currency Renminbi, or the yuan, strengthened 34 basis points to a record high of 6.3849 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 ...

Gold price opens lower in Hong Kong: The gold price in Hong Kong went down 223 HK dollars to open at 16,685 HK dollars per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,797.22 U.S. dollars a troy ounce, down 25.08 U.S. dollars at the latest exchange rate of ...

Evergrande gains from small-city strategy: Evergrande Real Estate Group Ltd, one of China's top home sellers, said yesterday net profit more than doubled in the first half of this year as it gained from its strategy of focusing on smaller cities instead of first-tier ones which helped boost its sales. Net income ...

Wool market steady: The AWEX Regional Indicators finished 0.1% higher, on average, at sales in Sydney and Melbourne this week when the US exchange rate fell by 0.2%. Sales were held on Tuesday and Wednesday this week to avoid clashing with Wool Week. 37,102 bales were on offer, compared with 46,967 ...

53.1b yuan of non-tradable shares to be unlocked: About 2.79 billion non-tradable A-shares of 25 listed companies will be unlocked in the coming week and become available for trading starting Monday, according to the Shanghai and Shenzhen stock exchanges. The market value of the unlocked shares stood at 53.1 billion yuan (8.3 ...

Dollar Trades in Upper 76 Yen Range in Tokyo: The U.S. dollar traded in the upper 76 yen range early Monday in Tokyo, slightly higher than its levels in New York on Friday. At 9 a.m., the dollar changed hands at 76.75-77 yen against 76. 64-74 yen in New York and 77.04-06 yen in Tokyo at 5 p.m. Friday. The euro was quoted at ...

Japanese Stocks Open Higher amid Political Uncertainties: Japanese stocks opened higher Monday on Wall Street's gains late last week, while uncertainties remain as the country is going to see its third prime minister in two years. In the first 15 minutes of trading, the benchmark 225-issue Nikkei Stock Average rose 6.49 points, or 0.07 ...

Markets Set to Rise, Predicts CICC Chairman: China's stock market is approaching its bottom, as the recent slump was triggered by the turmoil in the global capital market rather than a domestic slowdown. That's the view of the chairman of the country's leading investment bank, China International Capital Corporation (CICC). ...

Markets set to rise, predicts CICC chairman: China's stock market is approaching its bottom, as the recent slump was triggered by the turmoil in the global capital market rather than a domestic slowdown. That's the view of the chairman of the country's leading investment bank, China International Capital Corporation (CICC). ...

Dollar mixed amid job data, European debt concerns: The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as U. S. job data came in disappointed and European debt problems worried investors and hurt the euro. The U.S. Labor Department said that new applications for U.S. unemployment compensatio...

China stocks close lower Friday: China's stocks end lower on Friday, tracking overnight losses on the Wall Street. The benchmark Shanghai Composite Index edged down 0.12 percent, or 3.07 points, to 2,612.19. The Shenzhen Component Index inched down 0.27 percent, or 30.76 points, to finish at 11,568.17.

Wall Street loses momentum Thursday: The U.S. stocks lost steam on Thursday while gold gained ground as nervousness returned to the market before Federal Reserve Chairman Ben Bernanke gives his highly-anticipated speech on the economy and policy on Friday. All major indexes ended firmly in negative territory, ...

China's stocks open lower Friday: China's stocks opened lower on Friday with the benchmark Shanghai Composite Index down 0.5 percent to open at 2,602.21. The Shenzhen Component Index opened 0.44 percent lower at 11,547.55.

ChiNext Exchange Raises 184 Bln Yuan over Past 2 Yrs: ChiNext, China's NASDAQ-style exchange for high-growth startups, has raised 184 billion yuan (28.8 billion U.S. dollars) since its launch in October 2009, said Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC). Shang disclosed the figures on Friday at a ...

Chinese stocks rise most in 10 months Thursday: Chinese stocks rose the most in more than 10 months on Thursday with the benchmark Shanghai Composite Index up 2.92 percent to 2,615.26 points. The Shenzhen Component Index gained 3.2 percent, or 359.98 points, to finish at 11,598.93. Turnover rose to 190.03 billion yuan (29.69 ...

Oil prices likely to drop, keeping inflation in check: As the United States wrestles with a sluggish economy and the political debt drama, the good news is that the price of oil is likely to keep inflation in check, U.S. analysts said on Wednesday. Oil prices increased Wednesday on the global commodities market as U.S. demand ...

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