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Commodities sink most since 2009: Commodity prices are now seeing a major downturn, as investors are staging an unprecedented stampede for the exits. Oil has collapsed into a free-fall, diving 10 percent and sending U.S. crude prices back under $100-dollars a barrel. Silver has plunged more than 10 percent, its ...

HK shares close lower on Wall Street's decline: Tracking loss in U.S. market overnight, Hong Kong stocks fell 53.63 points, or 0.23 percent, to close at 23,261.61 on Thursday, falling on the seventh consecutive session. The benchmark Hang Seng Index traded between 23,348.33 and 23, 167.93. Turnover totaled 67.46 billion HK ...

Yuan continues to weaken against USD Thursday: The value of Chinese currency renminbi (RMB), or the yuan, continued to weaken on Thursday after the record high of 6.4990 per US dollar set on April 29. The central parity of yuan was set at 6.5025 per US dollar on Thursday, compared with 6.5013 on Wednesday, according to the ...

China stocks close slightly higher Thursday: Chinese shares closed slightly higher Thursday with the benchmark Shanghai Composite Index up 6.39 points, or 0.22 percent, to 2,872.40. The Shenzhen Component Index gained 15.59 points, or 0.13 percent, to 12,085.99.

Yuan continues to weaken against dollar: The value of Chinese currency renminbi (RMB), or the yuan, continued to weaken Wednesday following Tuesday's slide from the record high of 6.4990 per US dollar on April 29. The central parity of yuan was set at $6.5013 per Wednesday, compared with 6.5002 on Tuesday. according to ...

China's Retail Enterprises Enjoy May Day Selling Spree: China's key retail sales enterprises enjoyed brisk sales during the May Day holiday which lasted from April 30 to May 2, said the Ministry of Commerce (MOC) in a statement on Wednesday. During the holiday, the total sales volume surged 19.7 percent year on year, while the daily ...

China to tighten inflation curbs: China will continue to put stabilizing consumer prices and managing inflation expectation as the top priority for macro regulation, the People's Bank of China (PBOC), the central bank, said Tuesday. The central bank pledged to properly handle the relationship between controlling ...

China's non-manufacturing PMI rises to 62.5%: The Purchasing Managers Index (PMI) of China's non-manufacturing sector rose for a second straight month to 62.5 percent in April, the China Federation of Logistics and Purchasing (CFLP) said Tuesday. The rise indicates non-manufacturing businesses are maintaining healthy growth, ...

ICBC's Int'l Settlements Exceed 1 trln USD in 2010: The Industrial and Commercial Bank of China, the country's largest asset lender, said on Tuesday that its international settlement volume rose 44 percent year on year to reach 1.06 trillion U.S. dollars last year. The company's first quarter international settlement volume for ...

Housing Buyers Hang Back: The cat and mouse game between home buyers and real estate developers shows no sign of ending, as a "wait-and-see" sentiment prevailed at a Shanghai property fair that ends Tuesday. More than 100 property developers, including major market players such as China Vanke, Poly Real ...

PMI reveals 'appropriate adjustment' in growth: Chinese manufacturing growth slowed in April after a short pick-up in March as the government tightened liquidity and allowed the yuan to appreciate faster. The official purchasing managers' index (PMI), which measures industrial activity, fell to 52.9 in April from 53.4 in March...

Off-shore RMB business key support to HK: From the initial basic renminbi business such as deposit and exchange to the first renminbi-denominated securities listed in the Hong Kong stock market, the off-shore renminbi business in Hong Kong has been heading steadily in the past seven years. With the capital pool gradually ...

Dollar trades in upper 81 yen range in Tokyo: The U.S. dollar traded in the upper 81 yen zone in Tokyo Monday morning. The dollar bought 81.59-60 yen at midday, against 81.15-25 yen at 5 p.m. Friday in New York. The euro was quoted at 1.4786-4787 dollars and 120.62-64 yen compared with 1.4801-4811 dollars and 120.23-33 yen ...

Dollar trades at lower 81 yen level in Tokyo: The U.S. dollar traded in the lower 81 yen zone early Monday in Tokyo. At 9 a.m., the dollar bought 81.21-23 yen, against 81.15-25 yen at 5 p.m. Friday in New York. The euro was quoted at 1.4812-4813 dollars and 120.28-33 yen compared with 1.4801-4811 dollars and 120.23-33 yen ...

China's April PMI of manufacturing sector drops: The Purchasing Managers Index (PMI) of China's manufacturing sector dropped to 52.9 percent in April from the previous month, the China Federation of Logistics and Purchasing (CFLP) said Sunday. The PMI figure was 53.4 percent in March, 52.2 percent in February and 52.9 percent ...

Taiwan electronic show: More than 30 Taiwan-based electronic device manufacturers have teamed up to launch their biggest ever mainland trade show in Shanghai today, as part of an effort by the island's entrepreneurs to tap into the world's largest market. The show, started in Shanghai, will cover ...

Chinese shares close higher at midday Friday: In Friday's morning session, Chinese shares closed a bit higher with the benchmark Shanghai Composite Index up 3.25 points, or 0.11 percent, to 2,890.29. The Shenzhen Component Index climbed 128.25 points, or1.06 percent, to 12,277.50.

China stocks close higher Friday: Chinese shares closed higher Friday with the benchmark Shanghai Composite Index up 24.47 points, or 0.85 percent, to 2,911.51. The Shenzhen Component Index gained 163.74 points, or 1.35 percent, to 12,312.99.

China's yuan hits new high of 6.4990 against USD: China's currency yuan Friday gained 61 basis points from Thursday to a record new high of 6.4990 per U.S. dollar since the yuan started trading in 1994. It's the third consecutive trading day that yuan climbed to a historic high against the dollar. The yuan may rise or fall 0.5 ...

Chinese shares open lower Friday: Chinese shares opened slightly lower on Friday. The benchmark Shanghai Composite Index dropped 0.02 percent to 2,886.63. The Shenzhen Component Index also opened lower, down 0.01 percent to 12,148.93. Friday is the last trading day before China's May 1 holiday.

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