The Chinese currency Renminbi (RMB), or the yuan, Thursday weakened against the U.S. Dollar (USD) as the central parity rate of the yuan was set at 6.5005 per USD. The yuan weakened by 57 basis points from the previous trading day on Wednesday when it hit a record new high of 6...
The Hong Kong government conducted its second land auction in fiscal year 2011 (starting from April 1, 2011) on Thursday, selling three lots at the high end of estimated prices, showing strong needs in the market. The around 14,700-square-meter site, locating in the Hong Kong ...
Home sales in Beijing plummeted over 30 percent in the first four months of 2011, partially as a result of the government's actions to cool down the city's red-hot property market. New residential apartment units sold in Beijing over the January-April period totaled 2.59 million ...
Hong Kong Exchanges and Clearing (HKEx), the local bourse operator, said on Wednesday that it plans to introduce a special facility in the second half of this year to encourage trading in RMB-denominated shares in the secondary market. The RMB equity Trading Support Facility (TSF...
SAIC Motor Corp drops 2.64 percent to 16.61 yuan on Wednesday after China s car sales slowed in April. [China Daily] Stocks on the Chinese mainland fell for the first time in three days on Wednesday. The retreat came after data showed that inflation exceeded government targets ...
Chinese shares opened higher on Tuesday with the benchmark Shanghai Composite Index up 0.16 percent to 2,876.98 points. The Shenzhen Component Index gained 0.18 percent at the opening to 12,146.33.
Shanghai's stock market rose for the second day in the morning session after data showed a strong growth in exports. The benchmark Shanghai Composite Index edged up 0.32 percent, or 9.11 points, to close at 2881.57. Turnover fell to 50.2 billion yuan (US$7.7 billion) from ...
Chinese currency yuan, rose 38 basis points from the previous trading day and marks a new historic high of 6.4950 against the U.S. dollar. The yuan first broke the symbolic exchange rate level of 6.50 against the U.S. dollar on April 29. The yuan rose to the previous new high of ...
The U.S. stocks extended gains for the third straight session on Tuesday after Microsoft confirmed to buy Skype Technologies for 8.5 billion U.S. dollars. The all-cash deal is the biggest ever in the software industry. Merging news always lifts the market because it shows ...
U.S. crude oil continued bouncing on Tuesday as the dollar retreated. After the Standard & Poor's downgraded Greece's credit ratings, European officials said on Tuesday that Greece may be offered more financing support soon. To this news, the euro ended the four- straight days ...
Oil markets are expected to continue to tighten through 2012 given projected world oil demand growth and slowing growth in supply from non-OPEC countries, the U. S. Energy Information Administration (EIA) said Tuesday. During the first week of May, West Texas Intermediate (WTI) ...
The Euro snapped its four-day losing streak on Tuesday as investors were expecting a new bailout for the debt-trapped Greece, while the U.S. dollar continued to fall against most of its counterparts. The Euro tumbled in the previous session after Standard & Poor' s slashed Greece...
The former chief executive officer of China Galaxy Securities Co has been sentenced to death with a two-year reprieve for taking bribes of 15.46 million yuan (US$2.38 million) and profiting by nearly 100 million yuan from insider trading. Xiao Shiqing, 47, was also a former ...
Chinese shares closed higher in the morning session on Monday with the benchmark Shanghai Composite Index up 10.60 points, or 0.37 percent, to 2,874.48. The Shenzhen Component Index rose 86.87 points, or 0.72 percent, to 12,154.47.
The Chinese currency renminbi (RMB), or the yuan, Monday gained 15 basis points from the previous trading day to hit a new high of 6.4988 per U.S. dollar. The yuan first broke the symbolic 6.50 ratio against the U.S. dollar on April 29, when it was set at 6.4990. The yuan ...
Chinese shares opened higher on Monday with the benchmark Shanghai Composite Index up 0.15 percent to 2,868.24 points. The Shenzhen Component Index gained 0.05 percent at the opening to 12,074.14.
Shanghai's stock market is expected to perform weakly this week as investors will likely remain cautious ahead of the release of economic data. The Shanghai Composite Index lost 1.64 percent, the third consecutive week it had fallen, influenced by a decline in commodity prices in ...
Shanghai's long-awaited international trading board has come under intense scrutiny after a flurry of recent media reports that China's regulator has selected 10 foreign and overseas companies to offer yuan-denominated shares for sale to domestic investors. While the new ...
China's franchise stores registered slower sales growth on rising labor and rental costs last year, industry association data showed on Friday. Sales revenue growth of retail business slowed to 8.6 percent last year from 24 percent in 2009. That of the catering business grew 10.6 ...
With the government's ongoing and persistent efforts to cool the red-hot property market, Chinese property developers are struggling to sell properties while becoming more encumbered with debt. The debt of the country's property developers rose 41.27 percent year on year to 1.05 ...