Gold futures on the COMEX Division of the New York Mercantile Exchange Tuesday suffered additional drop, marking the third straight decline, amid widespread selloff. Besides, the strengthening U.S. dollar also helped weigh on the commodities. The most active gold contract for ...
The European Union (EU) has replaced Japan as China's No.1 import source region based on trade figures in the first four months, China's Ministry of Commerce (MOC) announced on Tuesday. Trade between China and the EU soared 23.5 percent in the first four months from a year ...
Total foreign holdings of US long-term securities in March reached 4.4792 trillion US dollars, up from 4.4743 trillion dollars from the previous month, but China trimmed its holdings for the fifth straight month, the US Treasury Department said Monday. China, the largest holder ...
Set amid lush foliage, and only a short stroll from the Bund, the city's landmark, HASSELL China's headquarters building in Shanghai looks more like a tranquil resort than an office complex. The relaxed atmosphere inside the spacious open office, well lit by natural light beaming ...
A 10-kilogram gold coin, the largest ever minted in China, has been auctioned for 7.70 million yuan (about 1.18 million U.S. dollars) at an auction in Beijing. The large coin was auctioned off by China Guardian Auctions Co., Ltd. after twenty-two rounds of bidding on Saturday. ...
U.S. stocks fell on Monday, dragged by technology shares, as weaker-than-expected economic data made investors worry about the strength of the U.S. economy. Technology sector declined nearly 1.5 percent, the worst performer in the market, as many big-name technology stocks ...
Crude prices fell on Monday as the markets showed great concerns about European debt crisis after IMF head was arrested for alleged rape attempt. Euro zone finance ministers met to discuss the debt crisis. But the arrest of International Monetary Fund Managing Director Dominique ...
The U.S. dollar fell against major currencies in late New York trading on Monday as economists lowered U.S. economic growth projections and European finance ministers met to discuss Portugal and Greece debt issues. Economists cut projections for 2011 U.S. economic growth from 3. ...
Gold futures on the COMEX Division of the New York Mercantile Exchange further declined on Monday, as the strengthened U.S. dollar continued to reduce the appeal of gold for investors. The most active gold contract for June delivery slipped three U. S. dollars, or 0.2 percent, to ...
The central authorities are now suggesting that legal action may be taken to try to protect Chinese fine-coated paper companies. This comes following an EU decision to impose impose anti-subsidy and dumping duties on the product. After a 15-month investigation, the EU has now ...
U.S. retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian. Wal-Mart said the transaction will be closed within 60 days, but the two companies did not reveal the specific volume of the deal. "Online ...
China Unionpay, a national bank card association, and Ping An Insurance (Group) Co. signed a strategic cooperation agreement on Friday to increase their influence in each other's industries. The two companies have launched cooperation in premium collections, issuance of Unionpay ...
China's Ministry of Finance (MOF) said Friday that it will sell 9.63 billion yuan (1.48 billion U.S. dollars) in 182-day book-entry discount treasury bonds next week. The short-term bonds, with an annual interest rate of 2.91 percent, will be issued on a discount basis at a price ...
Chinese shares rose Friday with the benchmark Shanghai Composite Index up 0.95 percent, or 26.95 points, to 2,871.03. The Shenzhen Component Index gained 0.70 percent, or 84.40 points, to 12,156.61.
The Chinese currency Renminbi, or the yuan, Friday weakened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5017 per USD. The yuan weakened by 12 basis points from the previous trading day. It hit a record new high of 6.4948 per USD on Wednesday. ...
Non-performing loans (NPL) in China's commercial banks hit 433.3 billion yuan (66.67 billion U.S. dollars) at the end of the first quarter, a decrease of 300 million yuan from the end of last year, China's banking regulator said in Beijing on Friday. Sub-prime loans accounted for ...
China's stock index futures closed lower Thursday with the contract for May, the most actively traded, down 1.72 percent from the previous close to 3,090.2. The June contract lost 1.79 percent to 3,103 points. The September contract dropped 1.76 percent to 3,142.6 points and the ...
Chinese shares closed mixed in the morning session on Thursday with the benchmark Shanghai Composite Index down 10.24 points, or 0.36 percent, to 2,873.18. The Shenzhen Component Index rose 38.85 points, or 0.32 percent, to 12,241.47.
Chinese shares opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.64 percent to 2,864.98. The Shenzhen Component Index opened 0.72 percent lower at 12,114.45.
Chinese shares fell Thursday on further tightening concerns as the country's central bank raised the reserve requirement ratio (RRR) by 50 basis points on Thursday night. The move to mop up excess liquidity in the market and contain ongoing high-level inflation will set the RRR ...