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Driving Force for Luxury Cars: Chinese NBA star Yao Ming is the center of attention at the Shanghai auto show on Tuesday. [Photo: China Daily] China is the global driving force for premium luxury cars as consumer enthusiasm fuels sales, industry experts said. On Tuesday, the first day of the Shanghai auto show...

China stocks close down Tuesday: Chinese shares fell Tuesday with the benchmark Shanghai Composite Index down 58.29 points, or 1.91 percent, to 2,999.04. The Shenzhen Component Index declined 202.09 points, or 1.55 percent, to 12,799.24.

Chinese shares down 1.88% at midday Tuesday: Chinese shares fell 1.88 percent in the morning session Tuesday, following Wall Street decline as the Standard & Poor's warned that it might lower its rating on U.S. government debt. The benchmark Shanghai Composite Index down 1.88 percent to 2,999.82. The Shenzhen Component ...

China's yuan weakens against USD Tuesday: The Chinese currency Renminbi (RMB), or the yuan, on Tuesday lost 36 basis points from Monday to 6.5346 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the ...

Chinese shares opened lower Tuesday: Chinese shares opened lower on Tuesday with the benchmark Shanghai Composite Index down 0.61 percent to 3,038.81. The Shenzhen Component Index opened 0.96 percent lower at 12,876.2. Henan Shuanghui Investment & Development Co. Tuesday resumed trading after a suspension due to a ...

Gold Edges Higher on Weak Dollar: Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Tuesday, as the U.S. debt concerns weighed on U.S. dollar, boosting the appeal of gold. Gold prices also tested the intraday record of 1,500 dollars in the day. The most active gold contract ...

South Africa Lifts Ban on Meat Exports: South African Agriculture Minister Tina Joemat-Pettersson on Tuesday announced that the ban on the export of meat has been lifted. Speaking in the South African parliament in Cape Town, Joemat- Pettersson said both the outbreak of foot-and-mouth disease in the country's KwaZulu...

China's B2B Site Launches Service Platform to Facilitate Trade: China's online business-to-business (B2B) marketplace for wholesale products, DHgate.com, announced Tuesday the launch of DHgate Express, an integrated service platform to help small and medium traders in China better tap the overseas market. The platform will offer a wide range ...

China's Exports Undergo 66 Investigative Probes in 2010: China's exports underwent 66 anti-dumping, anti-subsidy and safeguard measure probes last year, said the Ministry of Commerce (MOC) on Tuesday. The amount of exports examined was worth 7.14 billion U.S. dollars, according to the figures released by the MOC in a report on the ...

China to Designate RMB Clearing Bank in Singapore: The People's Bank of China ( PBOC) will designate a Chinese bank in Singapore to undertake the clearing of Renminbi trade, Singapore's Senior Minister Goh Chok Tong has said. "China has to, over time, internationalize the Renminbi. So we see a role for financial cooperation over ...

China stocks close higher Monday: Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 6.8 points, or 0.22 percent, to 3,057.33. The Shenzhen Component Index rose 35.59 points, or 0.27 percent, to 13,001.33.

Shares close higher at midday after RRR hike: Chinese shares closed higher midday Monday despite Sunday's required reserve ratio (RRR) hike. The benchmark Shanghai Composite Index was up 8.3 points, or 0.27 percent, to 3,058.83. The Shenzhen Component Index rose 34.84 points, or 0.27 percent, to 13,000.58. China's central ...

Chinese shares open lower Monday after RRR hike: Chinese shares opened lower Monday after China's central bank raised the required reserve ratio (RRR) of the country's lenders by 50 basis points on Sunday. The benchmark Shanghai Composite Index went down 0.33 percent to 3,040.53. The Shenzhen Component Index opened 0.41 percent ...

Herbal medicine index launched: China's first herbal medicine index was launched in Chengdu over the weekend by the Ministry of Commerce, and is designed to monitor market prices of herbal medicines and avoid sharp price fluctuations. The index, composed of price index and purchase management index, shows the ...

Gold Hits New Record on Weaker Dollar, Inflation Concerns: Gold futures on the COMEX Division of the New York Mercantile Exchange regain some momentum on Thursday and settled 2 U.S. dollars from its record, in response to the weaker U.S. dollar as well as rising inflationary expectations. The most active gold contract for June delivery ...

Dollar Rises on Upbeat Economic Data, Ireland Downgrade: The U.S. dollar rose against major currencies in late New York trading on Friday as better-than- expected data strengthened investors' confidence in the U.S. economy and the downgrade of Ireland's credit rating hurt the euro. The U.S. Labor Department said its consumer price ...

Oil Rises on Positive U.S. Economic Data: Crude prices rose on Friday as positive U.S. economic data eased concerns about the recovery in the largest oil consuming country. Although U.S. March CPI rose 0.5 percent, indicating rising inflation pressure driven by soaring fuel and food prices, consumer sentiment climbed ...

U.S. Stocks End Mixed after Choppy Trading Session: The U.S. stocks ended mixed on Thursday after a choppy trading session as the broader market improved, with the Dow and the S&P 500 closing moderately higher and the Nasdaq slightly lower. Before closing, the U.S. stocks pared the earlier losses caused by an unexpected increase ...

Asian Market Roundup Apr 15: China Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index up 7.89 points, or 0.26 percent, to 3,050.53. The Shenzhen Component Index dipped 26.18 points, or 0.2 percent, to 12,965.75. Hong Kong stocks lost 5.93 points, or 0.02 percent, to close at 24...

Imported Goods Trade Set to Rise: Pazhou Exhibition Hall, the venue for the China Import and Export Fair. According to the organizers, the number of categories for imported goods exhibited at the latest fair has been reduced to seven from 12 last year. [Photo: China Daily] China's imports are expected to get a ...

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