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Report: CEO turnover rate low: SHANGHAI - China had the lowest turnover rate for chief executive officers in 2010, according to a report by the consulting firm Booz & Co. That has helped to lower the rate for the world to 11.6 percent, which is the lowest it has been since 2003, said Andrew Cainey, managing ...

U.S. Dollar Tumbles on Greece Vote, Mixed Data: The U.S. dollar slipped against major currencies this week, as Greece passed new austerity measures, which lifted the euro, and U.S. economic data have also weighed on the greenback. On Wednesday, the Greek parliament passed a 78-billion-euro package of austerity measures to help ...

Wall Street posts best weekly gains in nearly 2 years: U.S. stocks ended higher for the fifth straight day on Friday after data showed a surprising pickup in the manufacturing sector, pushing major indexes to their best weekly gains in nearly two years. The Dow Jones industrial average gained 168.43 points, or 1.36 percent, to 12,582...

Monetary policy likely to remain tight, says CICC: BEIJING - China's monetary policy will remain tight for the rest of the year but the risk of a "hard landing" for the economy is small, the top-ranked brokerage China International Capital Corp (CICC) said on Friday. "Economic growth has started to slow down but inflation remains ...

Oil Edged down on Weak Economic Data: Crude prices edged down on Friday as U.S. and China's economic data came in weak, hurting the oil demand expectation. U.S. consumer confidence worsened in June, adding evidence to a looming economic situation in the biggest oil consumption country. The Thomson Reuters/ University ...

Wall Street Sees Best Week in Nearly 2 Years: With all three indexes rallying for the fifth straight day, Wall Street on Friday finished its best week in nearly two years. The Dow Jones industrial average ended at 12,582.77, gaining 5. 3 percent for the past week and wiping out all of June's losses. The broader Standard & ...

HK's exchange fund assets up 43.4 bln HKD in May: Hong Kong's total assets of the exchange fund amounted to 2.49 trillion HK dollars (320.1 billion U.S. dollars) in May, up 43.4 billion HK dollars from the previous month, the Hong Kong Monetary Authority (HKMA) said Thursday. In May, Hong Kong's foreign currency assets increased ...

China's A-share Market Shrinks in Value: The market value of China's A-share market accumulatively shrank by 903.2 billion yuan ($139.6 billion) in the first half of this year, China Securities Journal reported Wednesday. The Small- and Medium- Enterprises (SME) and Growth Enterprise Market (GEM) boards on the Shenzhen ...

Railway-related sector takes beating: China's decision to reduce its investment in railways in the next five years has been quick to ripple through capital markets. Shares of companies such as CSR Corp and China CNR Corp - two major builders of national rail cars - have been tumbling since the Ministry of Railways ...

China's A-share market shrinks in value: The market value of China's A-share market accumulatively shrank by 903.2 billion yuan ($139.6 billion) in the first half of this year, China Securities Journal reported Wednesday. The Small- and Medium- Enterprises (SME) and Growth Enterprise Market (GEM) boards on the Shenzhen ...

Markets continue upward trend for 6th day: SHANGHAI - Most stocks on the Chinese mainland rose, sending the benchmark index to a sixth day of gains, on speculation that Europe's debt crisis is easing and Chinese inflation is peaking, reducing the need for further increases in interest rates. Anhui Conch Cement Co advanced ...

Chengdu bank plans Shanghai IPO: SHANGHAI - Bank of Chengdu Co Ltd, a Sichuan-based city commercial bank, is planning an IPO on the Shanghai Stock Exchange's A-share market, as it moves to replenish its capital to boost future growth. China Business newspaper reported on Monday that the IPO, which will soon be ...

Chengdu bank plans IPO on Shanghai market: Bank of Chengdu Co Ltd, a Sichuan-based city commercial bank, is planning an IPO on the Shanghai Stock Exchange's A-share market, as it moves to replenish its capital to boost future growth. China Business newspaper reported on Monday that the IPO, which will soon be filed with ...

Experts: Yuan will float freely in 3 years: China's timing for realizing the yuan's full convertibility into other currencies is already mature enough to facilitate yuan's internationalization, and the country will be able to liberalize currency exchange rates in three years, a leading economist said on Sunday. "If the ...

More non-tradable shares to be unlocked: About 1.67 billion non-tradable A-shares of 27 listed companies will be unlocked this 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 23.23 billion yuan ($3.6 billion) ...

Group buyers vie for biggest market share: While Groupon Inc, the biggest online coupon company, is busying heading for the stock market, Chinese clones, too, are busy chasing cash. US-based Groupon said earlier this month it hopes to raise at least $750 million by selling shares to the public. It is believed to be the ...

More Markdowns on Homes in Shanghai: The number of Shanghai residential projects that will offer promotions will climb to 136 in July, mainly due to an increase in supply. The figure, which covers both apartment and villa developments, represents a 17 percent jump from this month, the country's major real estate ...

More non-tradable shares to be unlocked in China: BEIJING -- About 1.67 billion non-tradable A-shares of 27 listed companies will be unlocked this 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 23.23 billion yuan ($3...

More non-tradable shares to be unlocked for trading in China: About 1.67 billion non-tradable A-shares of 27 listed companies will be unlocked this 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 23.23 billion yuan (3.6 billion U...

Developers Shun Construction of Affordable Housing: Most Chinese real estate developers kept their distance from repeated appeals by officials to accelerate the country's affordable housing construction that aim to rein in the runaway property market, according to a report released Sunday. Only 30 out of 100 housing developers had ...

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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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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 ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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