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Chinese shares close lower at midday Tuesday

Chinese shares closed lower in the morning session on Tuesday with the benchmark Shanghai Composite Index down 0.13 percent, or 3.50 points, to 2,702.86 at midday. The Shenzhen Component Index lost 49.29 points, or 0.43 percent, to 11,428.92.

Chinese shares open slightly higher Tuesday

Chinese shares opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.04 percent to 2,707.56. The Shenzhen Component Index gained 0.07 percent to 11,485.75.

CCB not rule out merger with Russian banks

MOSCOW -- China Construction Bank (CCB) did not rule out the possibility of acquisitions of Russian commercial banks or investment in Russian banking field, CCB President Zhang Jianguo said Monday. The CCB, China's second largest State-owned commercial bank with its total value ...

RBS, Guolian Securities open securities JV

The Royal Bank of Scotland Group plc (RBS) and Guolian Securities Co Monday announced the opening of their securities joint venture, Huaying Securities Co, in Wuxi city, near China's financial center of Shanghai. Huaying Securities is licensed to underwrite and sponsor stocks and ...

China Southern to buy six Boeing cargo planes

China Southern, the country's largest airline, said Tuesday that it would purchase six Boeing B777F cargo planes. In a statement filed to the Hong Kong stock exchange, China Southern said the catalogue price of each Boeing B777F is 264 million U.S. dollars, but the airline's ...

Price Rises Hit Home Buying

Random price increases by owners of existing homes have dampened local buying momentum in May, with some areas in Shanghai suffering a double-digit drop in sales, two of the city's largest estate agencies reported Tuesday. Across the city, the used housing market seemed largely ...

Oil Surges on Weaker Dollar

U.S. crude oil price surged on Tuesday as the dollar weakened amid expectation of a new bailout for Greece, despite soft U.S. economic data. Greece still stayed in the focus of the markets. Eurogroup leader Jean-Claude Juncker said on Monday that a new package might be reached ...

Key index declines on rate fears

Shanghai's key stock index yesterday fell for an eighth day, the longest losing streak since December 2008, on fears interest rates will rise. The Shanghai Composite Index shed 0.1 percent to end at 2,706.36. The three-day Dragon Boat Festival holiday, which ends next Monday, may ...

Chinese shares close lower on Monday

Chinese shares fell for the eighth consecutive trading day on Monday over concerns of inflation triggered by China's recent severe droughts. The benchmark Shanghai Composite Index went down 0.13 percent, or 3.59 points, to close at 2,706.36 points. The Shenzhen Component Index ...

Chinese shares close higher at midday Monday

Chinese shares closed higher in the morning session on Monday with the benchmark Shanghai Composite Index up 0.47 percent, or 12.84 points, to 2,722.78 at midday. The Shenzhen Component Index gained 82.12 points, or 0.71 percent, to 11,547.83.

Skepticism abounds over China's int'l board

"Like a baby almost ready to come into the world," that's how Wang Jianjun, deputy director of the General Office of the China Securities Regulatory Commission, described the long-awaited Shanghai international equities board when he talked to reporters at this year's Lujiazui ...

China's yuan hits record high against USD

China's central bank set the yuan's mid-point at a historic high of 6.4856 against the U.S. dollar on Monday, up 42 basis points from the previous trading day. The yuan's previous record high was 6.4898 per U.S. dollar, which was set last Friday. The United States Treasury ...

Market declines prompted by int'l board uncertainty

Shanghai and Shenzhen bourses endured steep declines last week, sparked by news that Shanghai's international board is close to launching. The benchmark Shanghai Composite Index ended trading Friday at 2,709.95, down 148.5 points or 5.20 percent over five days of trading; while ...

Chinese shares open slightly lower Monday

Chinese shares opened lower on Monday, with the benchmark Shanghai Composite Index down 0.20 percent to 2,704.49. The Shenzhen Component Index lost 0.32 percent to 11,456.31.

China's yuan hits new high at 6.4856 per USD Tuesday

The Chinese currency Renminbi, or the yuan,strengthened 11 basis points to an all-time high at 6.4845 per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system. The yuan's fresh central parity rate scrapped the previous record of 6.4856 per U.S. dollar ...

Chinese Art Snapped Up in $106m Christie's Auction

Chinese buyers have now spent 106 million US dollars on vintage bottles of Chateau Latour and modern paintings at the start of a week-long Hong Kong auction. The three-day total is about 40 percent more than they spent on equivalent auctions in the fall. The weekend event raises ...

China the 'most likely' to keep growing

Report suggests that the nation's economic surge is sustainable BEIJING/HONGKONG - China ranks first among 22 emerging Asian economies as the country most likely to maintain steady and rapid growth over the next five years, according to the Bloomberg Economic Momentum Index for ...

Asian Market Roundup May 27

China China's stock index futures closed down Friday with the contract for June, the most actively traded, down 0.53 percent from the previous day to close at 2,981. The Shenzhen Component Index on the Shenzhen Stock Exchange closed Friday at 11,492.71 points, down 37.99 points, ...

Chinese shares close lower on Thursday

Chinese shares fell for the sixth consecutive trading day on Thursday, with the benchmark Shanghai Composite Index down 0.19 percent, or 5.21 points, to 2,736.53. The Shenzhen Component Index dropped 0.73 percent, or 84.72 points, to close at 11,530.7.

HSBC expects glitter in gold market

HSBC Holdings PLC, Europe's biggest bank, said on Wednesday that it's bullish about the gold market despite price fluctuations earlier this month. The bank predicts concerns over geopolitical risks, loose monetary policy and a fiscal deficit in the United States, are likely to ...
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