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Wall Street in chaos after downgrade, Dow plunge: US stocks suffered greatly Monday as the S&P 500 and Nasdaq Index both plunged over 6 percent and the Dow lost 634.76 points after a historic downgrade of the U.S. credit rating by Standard & Poor's. The Dow Jones Industrial Average was down 5.55 percent to 10,809.85. The ...

Wealth management products' sales increase: Xi Shijia, 28, an IT clerk at a State-owned company in Beijing, said he will not stop buying individual wealth management (IWM) products from commercial banks in the second half to safeguard against asset losses. The master's graduate from Tsinghua University has been purchasing ...

China's Stocks Open 1.44 pct Higher: 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.

Hong Kong Stocks Surge 3.43 pct: Hong Kong stocks went up 663.08 points, or 3.43 percent, to open at 19,993.78 on Wednesday, tracking gains on Wall Street overnight.

ECB Governor Calls European Govts to Do Jobs for Financial Stability: Jean-Claude Trichet, President of the European Central Bank (ECB) on Tuesday called European governments to do their jobs "to their responsibilities" on French radio Europe 1. "What we are waiting is that the governments do what we consider are their jobs up to their responsibili...

China's stocks open 2.33% lower: China's stock market continued to tumble Tuesday by opening 2.33 percent lower amid growing market fears of a double-dip recession after U.S. credit rating downgrade. The benchmark Shanghai Composite Index plunged 2.33 percent to open at 2,468.03. The Shenzhen Component Index ...

China stocks plummet at midday Monday: Chinese shares plummeted at midday Monday following the United States' loss of its top-tier AAA credit rating from Standard & Poor's. The benchmark Shanghai Composite Index tumbled 3.68 percent to 2,529.88. The Shenzhen Component Index slip 2.97 percent to 11,354.42. The shares ...

Hong Kong stocks plunge 3%: Hong Kong stocks plunged 628.84 points, or 3 percent, to 20,317.3 during Monday's morning session. Hang Seng Index tumbled amid global fears and sell-off after rating agency Standard & Poor's downgraded the long-term sovereign credit rating for the United States on Friday from ...

Asian Stock Markets Sink after US Credit Downgrade: Asian stocks nose-dived Monday as the first-ever downgrade of the US government's credit rating jolted the global financial system, reinforcing fears that the world economy is weakening. Oil prices extended recent sharp losses, trading below $84 a barrel on expectations that ...

Wall Street Plunges after U.S. Downgrade: Related: Majority of Americans Expect Economy to Get Worse: Poll The U.S. stocks tumbled on Monday as S&P 500 and Nasdaq Index both dropped more than 6 percent and Dow lost more than 600 points after a historic downgrade of U.S. credit rating by Standard & Poor's. Late on Friday, ...

China Stocks Close Down 3.79 pct Monday: China's stocks tumbled Monday after rating agency Standard & Poor's lowered the U.S. debt rating to AA+ with a negative outlook. The benchmark Shanghai Composite Index slumped 3.79 percent to close at 2,526.82. The Shenzhen Component Index lost 3.33 percent to finish at 11,312.63...

Majority of Americans Expect Economy to Get Worse: Poll: Americans' pessimism about the nation's economy has skyrocketed in the past few months, with a majority of the public expect the already fragile economy to get even worse, a new CNN poll showed Monday. Sixty percent of those polled said that the economy is still in a downturn and ...

China's stocks open 1.03% lower after US rating downgrade: China's stock market opened 1.03 percent lower following rating agency Standard & Poor's downgrading of United States credit on Friday from AAA to AA+.

Index might stay weak on US rating cut: China's main stock index may stay weak this week amid increasing concerns about the outlook for global growth after Standard & Poor's downgraded the United States' top-notch credit rating, but analysts ruled out a major plunge in Chinese stocks. The Shanghai Composite Index, ...

Yili reports 137 pct rise in first-half profits: The Inner Mongolian Yili Industrial Group Co., one of the biggest milk products makers in China, posted a 136.7-percent increase in its first-half profits despite rising raw material costs and fierce industry competition. The Hohhot-based dairy producer said in a statement filed ...

CSR first-half profits surge 85 pct on strong demand: China South Locomotive & Rolling Stock Corp. (CSR), the country's biggest train maker, said on Saturday that its first-half profits jumped 85.08 percent year-on-year to 2.04 billion yuan (318.75 million U.S. dollars). The value of the train maker's total assets rose 25.97 percent ...

S&P downgrades U.S. credit rating to AA-plus: Standard & Poor's (S&P) downgraded on Friday the credit rating of the United States from its top-notch AAA rating to AA-plus, just days after the U.S. government narrowly escaped an unprecedented debt default. S&P cut the long-term U.S. credit rating on concerns about growing ...

China's stocks down to 7-week low after Dow's plunge: China's stocks joined a global plunge in equity markets Friday by tumbling more than two percent to a seven-week low, after a sharp overnight drop in the U.S. stock market triggered investor worries of new round of global economic crises. The benchmark Shanghai Composite Index ...

Hong Kong stocks slump 4.29%: Hong Kong stocks tumbled 4.29 percent Friday amid a sell-off in global market sparked by fears that the world economy is weakening. Hong Kong stocks lost 938.6 points to close at 20,946.14 during Friday's trading session. The benchmark Hang Seng Index traded between 20,643.26 and ...

China stocks close lower at midday Friday: Chinese shares closed lower at midday Friday with the benchmark Shanghai Composite Index down 1.88 percent to 2,633.52. The Shenzhen Component Index dropped 1.65 percent to 11,737.84. The shares tracked the 512.76-point drop of the Dow Jones industrial average index Thursday to ...

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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 ...

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