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Gold Extends Loss on Economic Improving: Gold futures on the COMEX Division of the New York Mercantile Exchange further declined on Friday, the second drop after hitting record, as a rise in U.S. retail sales helped strengthen economic confidence and weaken safe-haven demands.

Crash derails shares of rail companies: Shares of railway-related companies were derailed yesterday following China's decision to put the brakes on the country's high-speed rail services following a deadly train crash in Zhejiang Province last month. China Railway Group Ltd plunged as much as 7.4 percent to HK$2.14 (41 ...

Wall Street bounces back on upbeat US job data: Wall Street bounced back on Thursday as U.S. job data came in beating expectation and hopes of an improved Europe debt situation lifted markets sentiment, with financial and energy leading the rise. After a severe sell-off on Wednesday, investors started to come back to markets ...

Gold retreats from record on profit taking, margins rise: Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday retreated from historical record, as some investors opted to book their profits following recent rallies. Besides, the requirement to increase gold margins also added to negative tone. The most ...

China stocks close higher Thursday: China's stocks close higher Thursday with the benchmark Shanghai Composite Index up 1.27 percent to close at 2,581.51. The Shenzhen Component Index rose 1.55 percent to finish at 11,627.49.

Wall Street Bounces Back on US Positive Job Data: Wall Street bounced back on Thursday as U.S. job data came in beating expectation and hopes of an improved Europe debt situation lifted markets sentiment, with financial and energy leading the rise. After a severe sell-off on Wednesday, investors started to come back to markets ...

Dollar Mixed on Upbeat Job Data: The U.S. dollar traded mixed against major currencies in late New York trading on Thursday as U. S. jobless claim fell last week helped boost stock markets. The U.S. Labor Department reported that initial jobless claims dropped by 7000 to 395,000 last week, the lowest level since ...

Oil Surges on Positive US Job Data: U.S. crude oil price surged on Thursday as U.S. job data came beating expectation and lifting market sentiment. The U.S. Labor Department reported the number of people filing for unemployment benefits for the first time fell 7,000 to 395,000 last week. It is the first time for ...

Gold Retreats from Record on Profit Taking: Gold futures on the COMEX Division of the New York Mercantile Exchange on Thursday retreated from historical record, as some investors opted to book their profits following recent rallies. Besides, the requirement to increase gold margins also added to negative tone. The most ...

HKEx to Widen Data Distribution: Hong Kong Exchanges and Clearing will widen its information distribution in the wake of Wednesday's hacking of its website, HKEx Chief Executive Charles Li told reporters Thursday. Speaking to the media, Li said its HKExnews website has been under sustained attack since Wednesday ...

Hong Kong Stocks Fall 2.35 pct: Hong Kong stocks went down 464.24 points, or 2.35 percent, to open at 19,319.43 on Thursday, tracking losses on Wall Street and European stock markets. It marked an end to Wednesday's rebound. Heavyweight HSBC tumbled 4.7 percent to open at 65.75 HK dollars (8.43 U.S. dollars) ...

Markets Down amid Fears of a Debt-Crisis Contagion: By Stuart Wiggin Asian shares fall after declines in the US and Europe, amid fear of a debt-crisis contagion among some of the world's bigger economies. Japan's Nikkei 225, South Korea's Kospi, and Australia's ASX all fell overnight. The falls came as fears mount over a possible ...

China's stocks open higher over Wall Street gains: China's stocks rebounded in Wednesday's opening, tracking gains on Wall Street and in Europe overnight. The benchmark Shanghai Composite Index rose 1.44 percent to open at 2,562.39. The Shenzhen Component Index opened 1.8 percent higher at 11,519.31. The U.S. Federal Reserve has ...

HSBC to Sell Card, Retail Services Business in U.S.: Banking giant HSBC has decided to sell its card and retail services business in the United States to Capital One Financial Corporation for 32.7 billion U.S. dollars, the lender said Wednesday in a statement. Post-tax gain on sale estimated to be 2.4 billion U.S. dollars based on ...

Yuan Strengthens to 17-Year High: The yuan has now risen a new high against US dollar, as China's central Bank tries to stave off torrents of hot money inflows that are creating inflationary bubbles in the world's second largest economy. The currency has touched 6.4120 to the US dollar. Analysts say that the ...

Wall Street Slumps on Economic Concerns, France Rumors: U.S. stocks tumbled on Wednesday with all three major indexes down more than 4 percent, as investors concerns about the economy and rumors said France might lose its triple-A credit rating. After the first-ever downgrade of U.S. credit rating last Friday, the markets went wild in ...

China's July Car Sales Edge up: China's car sales and output edged up in July from one year earlier despite the weak selling season, signaling a mild rebound may come in the second half of the year. Auto sales in China climbed 2.18 percent year-on-year to reach 1.28million units in July, the China Association ...

HK Bourse Operator Posts Increase of 14 Pct in H1 Profit: Local bourse operator Hong Kong Exchanges & Clearing (HKEx) recorded a 14-percent increase year-on- year in net profit in the first half this year, which amounted to 2.584 billion HK dollars (331 million U.S. dollars). The interim dividend stood at 2.16 HK dollars per share, up ...

China's Pork Prices Flat Last Week: China's pork prices were unmoved week-on-week for the week ending Aug. 7 after declining for two straight weeks, the Ministry of Commerce (MOC) said Wednesday. High pork prices have become a huge concern for the country, as the consumer price index, the main gauge of inflation, ...

Tender of RMB bonds to be held in HK: The Chinese Ministry of Finance announced on Tuesday that it would hold a tender of four types of treasury bonds in Hong Kong on Aug.17 and settlement will be done on the next day. Listed for the planned tender are three-year, five-year, seven-year and ten-year Renminbi (RMB) ...

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