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Markets face a difficult month

The Chinese mainland's stock markets are facing a difficult August, pressured by a sharply increased slew of locked shares due to be tradable this month. A total of nearly 27.83 billion locked shares are due to come on to the market, compared with 11.88 billion shares in July, ...

China's stocks open lower Tuesday

China's stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 0.51 percent to 2,689.97. The Shenzhen Component Index fell 0.62 percent to 11,927.46.

Dow Ends below 12,000 Key Psychological Level

The Wall Street closed sharply lower on Tuesday after Washington debt battle as investors lost confidence on economic recovery, with the S&P 500 hitting the lowest point for the year. The Dow Jones industrial average plunged 265.87 points, or 2.19 percent, to 11,866.62. The ...

Oil Falls on Economic Concerns despite Debt Bill Passage

Crude prices fell Tuesday as investors grew concerned about the U.S. economy, despite Congress having passed the bill to raise the debt ceiling. After the House passed the spending-cutting bill late Monday, the Senate narrowly approved it Tuesday, averting a debt default. But ...

China to sell three-year bonds for local gov'ts

China's Ministry of Finance (MOF) will start selling 22.66 billion yuan (3.52 billion U.S. dollars) in three-year bonds for local governments at a yield of 4.07 percent on Tuesday. The ministry will sell the bonds in order to raise funds for the provinces of Heilongjiang, Jiangsu...

China's stocks close slightly higher Monday

China's stocks began August slightly up, putting an end to a two-day losing streak, which was helped by strong gains by coal companies. The benchmark Shanghai Composite Index rose 0.08 percent to close at 2,703.78. The Shenzhen Component Index edged up 0.10 percent to finish at ...

Great Wall eyes share sale in Shanghai

Great Wall Motor may follow the example of electric car maker BYD Co by becoming another Hong Kong-listed company to turn to the Chinese mainland's market to help fund expansion. Great Wall has applied to China's securities regulator to sell as much as 304.2 million A shares in ...

Airlines see hope as sky turns blue

Battered public confidence in bullet trains, the prospect of lower jet fuel costs and a rising yuan have combined to provide a fillip for the sagging market fortunes of Chinese airlines. The share prices of China's three biggest airlines took off the day after a high-speed train ...

China's yuan rose to new record high against USD

The Chinese currency Renminbi, or the yuan, strengthened to a record high of 6.4399 against the U.S. dollar on Monday, 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 ...

China's stocks open lower Monday

China's stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 0.15 percent to 2,697.57. The Shenzhen Component Index fell 0.13 percent to 11,975.28.

Dollar Tumbles amid Debt Concerns, Sluggish Economy

The U.S. dollar fell this week, as no progress was made on debt ceiling talks in the United States and data showed the world's largest economy remained weak in the second quarter. For now, the biggest dispute between the Republicans and Democrats over the debt issue is how to ...

Oil Posts Weekly Loss amid Debt Impasse

The U.S. crude oil market ended a choppy week with sharp losses, snapping a four-week rising streak, as the political wrangling in Washington over the debt ceiling led to risk aversion among investors. The New York benchmark WTI contracts settled at 95.70 dollars a barrel, down 4...

HK's exchange fund assets shed over US$312 bln

Hong Kong's total assets of the exchange fund amounted to 2.4332 trillion HK dollars (312.15 billion U.S. dollars) in June, down 56.9 billion HK dollars from the previous month, the Hong Kong Monetary Authority said Friday. In June, Hong Kong's foreign currency assets dropped by ...

China stock index futures close lower

China's stock index futures closed lower on Friday with the contract for August, the most actively traded, down 0.32 percent from the previous day to 2,971.6 points. The September contract closed down 0.37 percent to 2,982.4 points. The December contract lost 0.65 percent to 3...

Noodle giant's shares plunge after scandal

Hong Kong listed shares of a noodle giant have slumped drastically after the company was accused of lying about the ingredients it used in its soups. Closing share price of Ajisen (China),one of China's largest fast food restaurant chain operators and the franchisee Japan's ...

Dow Drops as Debt Deadline Approaches

U.S. stocks ended the choppy session in negative area on Friday, with the Dow Jones Industrial Average losing for the sixth straight day, as the deadline of debt talks is drawing near. The weeklong slide came as the debt talks in Washington showed no signs of progress. More and ...

Banks Can Cope with 50% Property Price Drop

Chinese banks will be able to cope even if property prices drop by 50 percent in the worst case scenario, the country's top banking regulator, Liu Mingkang, said in an interview with state television on Friday. Liu's comments followed the latest stress test made by the China ...

SGX Makes New Hire to Grow Its IPO Business from China

Singapore Exchange hired a senior vice president to help tap the initial public offering (IPO) business potentials of Chinese firms, the exchange announced Friday. Christine Lie will be senior vice president and head of listings for China starting from Nov. 1, it said. She will ...

Wall Street Reverses before House Debt Vote

U.S. stocks reversed in the final hour of trading and ended mixed on Thursday despite upbeat economic data, as continuing debt woes in Washington still weighed heavily on the market. Investors chose to keep to the sidelines as lawmakers tried to hash out an agreement on the ...

Noodle Giant's Shares Plunge Following Seasonings Scandal

Hong Kong listed shares of a noodle giant have slumped drastically after the company was accused of lying about the ingredients it used in its soups. Closing share price of Ajisen (China) (00538.HK), one of China's largest fast food restaurant chain operators and the franchisee ...
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Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
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world

finance

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industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
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
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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