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Yuan strengthens 46 basis points against US dollar: The value of Chinese currency Renminbi (RMB), the yuan, strengthened 46 basis points against U.S. dollars Tuesday. The central parity rate was set at 6.5706 per U.S. dollar Tuesday, comparing 6.5752 per U.S. dollar the previous trading day, according to the China Foreign Exchange ...

Tencent shares rally on group-buying website venture: Shares of Chinese Internet giant Tencent surged Monday with the opening of a new joint venture with US group-buying website Groupon. The launch of bargain website GaoPeng.com boosted Tencent Holding stocks by 3.2 percent to finish at 206 Hong Kong dollars in Hong Kong. GaoPeng...

Gold edges higher on Libya unrest concerns: Gold futures on the COMEX Division of the New York Mercantile Exchange edged higher on Monday, as growing unrest in Libya continued to boost demands for safe-haven investment. The most active gold contract for April delivery inched up 60 U. S. cents per ounce, or 0.04 percent, to ...

China stocks close higher Monday: Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 26.49 points, or 0.92 percent, to end at 2,905.05. The Shenzhen Component Index rose 2.13 percent, or 268.56 points, to finish at 12,902.44 points.

China's yuan strengthens 5 bps against USD Monday: The value of Chinese currency Renminbi (RMB), the yuan, strengthened five basis points against U.S. dollars Monday. The central parity rate was set at 6.5752 per U.S. dollar on Monday, comparing 6.5757 per U.S. dollar the previous trading day, according to the China Foreign ...

China stock index futures open mixed Monday: China's stock index futures opened mixed Monday. The contract for settlement in March, the most actively traded, opened 0.6 points lower at 3,214. The April contract opened at 3,235.4, unchanged from the previous close. And the contract for settlement in June opened at 3,273.6, ...

Major meetings may boost key index: Shanghai stocks may rise this week as investors anticipate the central government will announce more investment plans to boost economy during the annual legislature conferences to be held from March 3 and 5. Shanghai's key stock index fell 0.7 percent last week. The National ...

Oil Falls as Saudi Arabia Reassures More Output: Crude prices fell on Monday as Saudi Arabia reassured the extra oil needs caused by unrest in Libya had been made up with more output. For the whole February, U.S. oil price was up 6.5 percent, having risen sharply as the unrest in Libya caused supply disruption and spurred fears ...

ChiNext Index opens higher Monday: ChiNext Index rose 1.24 points to open at 1,096.34 points Monday. The index, officially launched on June 1, 2010 on the Shenzhen Stock Exchange, has a base value of 1,000 points. The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium...

Officials prepare for wave of listings in China: China's authorities are preparing for overseas companies wishing to float shares in China's A-share market. Foreign players are expected to list on the Shanghai international board in the second half of this year. After a director of China International Capital Corp (CICC) said ...

Chinese shares open higher Monday: Chinese shares opened higher on Monday with the benchmark Shanghai Composite Index up 0.06 percent to 2,880.17. The Shenzhen Component Index edged up 0.19 percent at the opening to 12,658.19.

China stocks close mixed Friday: Chinese shares closed mixed Friday with gains in the cement and home appliances sectors countered by falls in gold and oil stocks. The benchmark Shanghai Composite Index fell 0.04 points, close to zero percent, to end at 2,878.57. The Shenzhen Component Index rose 0.44 percent, ...

OPEC oil price surges above US$110: The daily oil price of the Organization of Petroleum Exporting Countries (OPEC) jumped 5.13 dollars, breaching 110 U.S. dollars a barrel, the Vienna-based cartel said on Friday. OPEC's benchmark basket of 12 crude oils stood at 111.01 U.S. dollars a barrel on Thursday, a sharp ...

AIA president optimistic over China business: Hong Kong-headquartered insurer AIA Group Chief Executive and President Mark Tucker has expressed his confidence and optimism over AIA's future in the Chinese mainland market, vowing to invest more despite an unusual net profit decline in the mainland in 2010. According to an ...

Hong Kong stocks rebound, end 1.82% higher: Hong Kong shares ended 1.82 percent higher on Friday after four days' loss, and rebounded to 23,000 mark. The benchmark Hang Seng Index gained 411.33 points, or 1.82 percent, to close at 23,012.37 points, after trading between 22, 712.96 and 23,091.32 points. Turnover totaled 69...

Chinese shares close higher at midday Friday: Chinese shares closed slightly higher in the morning session Friday, with the benchmark Shanghai Composite Index up 0.24 percent to 2,885.6. The Shenzhen Component Index rose 0.87 percent to 12,687.85.

Yuan strengthens against US dollar Friday: The value of Chinese currency, the yuan, strengthened against U.S. dollars Friday. The central parity rate was set at 6.5757 per U.S. dollar on Friday, compared with 6.5795 per U.S. dollar the previous trading day, according to the China Foreign Exchange Trading system. China's ...

Gold settles at new 7-week high: Gold futures on the COMEX Division of the New York Mercantile Exchange further climbed on Thursday, refreshing its 7-week record, on the back of unrest in Libya and other Middle East countries. The most active gold contract for April delivery rose 1.8 dollar per ounce, or 0.1 ...

Chinese shares close higher Thursday: Chinese shares closed higher Thursday with the benchmark Shanghai Composite Index up 15.97 points, or 0.56 percent, to 2,878.60. The Shenzhen Component Index climbed 0.69 percent, or 85.72 points, to 12,578.43 points.

MOR issues short-term financial bonds of 40 bln yuan: The Ministry of Railways (MOR) issued 180-day short-term financial bonds on February 22 valued at 10 billion yuan ($1.51 billion), according to southcn.com on Wednesday. The bond carries a coupon interest rate by a single interest rate determined by the tender. It is the third ...

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