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Oil edges down, posting fourth straight weekly loss: U.S. crude oil price edged down on Friday, ending the week with a 3.65-percent loss, the fourth straight drop in the week. With absence of major macro-economic news, crude prices on Friday mainly followed the dollar's steps. As the dollar dipped to its historic low against the ...

U.S. stocks extend losses after Thursday's sell-off: U.S. stocks extended losses on Friday after steep sell-off in the previous session as concerns over European debt problems and U.S. economic strength still weighed on the market. Investors were depressed after the Dow Jones industrial average plunged more than 400 points in a ...

China urged to trim US T-bond holdings: China should reduce its holdings of US Treasury bonds to protect the value of its massive foreign exchange reserves despite reassurances from US Vice-President Joe Biden, analysts said on Thursday. "China should move progressively to cut its holdings of US Treasury bonds and use ...

Mainland firms may see easier HK listing: China's top securities regulator may lower its threshold to allow more mainland firms to list in Hong Kong, a senior industry official said Thursday. Yan Feng, vice president of Guotai Junan Securities, made the remark after Vice Premier Li Keqiang offered the biggest package of ...

U.S. Stocks Extend Losses after Thursday's Sell-off: U.S. stocks extended losses on Friday after steep sell-off in the previous session as concerns over European debt problems and U.S. economic strength still weighed on the market. Investors were depressed after the Dow Jones industrial average plunged more than 400 points in a ...

Dollar Falls on Economic Concerns: The U.S. dollar fell against most major currencies in late New York trading on Friday as concerns over economic growth intensified in the markets. With no economic data due out on Friday, the dollar fell after a rebound on previous session due to risk-aversion appetite. The ...

Oil Edges Down, Posting Fourth Straight Weekly Loss: U.S. crude oil price edged down on Friday, ending the week with a 3.65-percent loss, the fourth straight drop in the week. With absence of major macro-economic news, crude prices on Friday mainly followed the dollar's steps. As the dollar dipped to its historic low against the ...

Recession Fear Still Clouds European Stocks: Indexes of major European exchanges closed in red on Friday as rising fear over global economic recession still keep investors on edge. After a dark session on Thursday, Paris shares ended down by 1.92 percent to 3,016 points. France's CAC 40 plunged by 6.13 percent in a choppy ...

Gold Notches Fourth Straight Record Day: Gold futures on the COMEX Division of the New York Mercantile Exchange ended sharply higher on Friday, notching a new record-settlement high for the fourth time this week, as investors remained cautious about stocks and held more of the precious metal in search of safety. The ...

Wall Street slammed by debt concerns, double-dip fear: Wall Street was slammed again on Thursday as concerns over European debt problems and sluggish U.S. economic growth spurred broad sell-off. The Dow Jones Industrial Average plunged 419.63 points, or 3.68 percent, to end at 10,990.58 after losing as much as 528.61 points. The ...

Hong Kong stocks close 1.34% lower: Hong Kong stocks closed lower Thursday on weak of the U.S. market performance overnight, with the weighted index losing 272.76 points, or 1.34 percent, to end at 20,016.27. The benchmark Hang Seng Index once reached as low as 19,969.21 during the day's trading. Turnover increased ...

Chinese shares close lower on tightening concerns: Chinese shares closed lower on Thursday as investors worried that the government may step up tightening measures to contain high inflation. The benchmark Shanghai Composite Index was down 1.61 percent, or 41.79 points, to close at 2,559.47. The Shenzhen Component Index fell 1.59 ...

Wall Street Slammed by European Concerns, Double-dip Fear: Wall Street was slammed again on Thursday as concerns over European debt problems and sluggish U.S. economic growth spurred broad sell-off. The Dow Jones Industrial Average plunged 419.63 points, or 3.68 percent, to end at 10,990.58 after losing as much as 528.61 points. The ...

Property Prices Fall in More Cities: More cities reported lower or unchanged property prices in July amid renewed government efforts to cool the market, according to the National Bureau of Statistics (NBS). In July, 31 cities out of the statistical pool of 70 major cities saw new home prices decline or remain ...

Beijing Apartment Rents Continue to Rise: Many tenants throughout Beijing now have to pay a quarter of their monthly incomes for the house they rent, with the average monthly rent for an apartment hitting 3,160 yuan ($480) in the first 7 months of this year, the Beijing Times has reported. The soaring rental costs have ...

RMB-denominated loans hit 492.6 bln yuan in July: China's new lending dropped to 492.6 billion yuan (76.97 billion U.S. dollars) in July, the least amount of this year, signaling that the world's second-biggest economy is cooling amid the faltering global recovery. The country's July new yuan-denominated lending was 141.3 ...

Asian markets healthier than US, European markets: Hong Kong Secretary for Financial Services & the Treasury K C Chan said Friday that markets in Asia and China are relatively healthier compared with those in the United States and Europe. Chan told media that the Hong Kong government was closely monitoring the market fluctuations ...

US Stocks Rise after Choppy Trading on Mixed Economic Data: The U.S. stocks rose on Friday after choppy trading on a series of mixed economic data, enabling the investors a less anxious weekend. Despite the two-day rally, the three major indexes still posted an average 2-percent fall and the financial sector remained weak. The Dow Jones ...

Oil Edges down after Swings: U.S. crude oil price on Friday edged down after swings on a series of mixed economic reports, ending the week with a 1.73-percent drop. Crude markets followed equities and traded in a great volatility. Driven by several mixed economic signals, the markets swang to find direction ...

Dollar Mixed on Economic Data: The U.S. dollar traded mixed against major currencies in late New York trading on Friday as consumption data came in mixed.

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