Search Results for: Bank of China
Oil Prices Near Six-Year Lows on Oversupply Fears
August 7th, 2015
Increased stockpiles and worries over China’s demand feed bearish momentum Oil prices dropped toward six-year lows Thursday on concerns that the global crude glut will worsen when the U.S.’s busy summer-driving season comes to a close. Prices have slid ...
This Precious Metal Needs a Silver Bullet
August 6th, 2015
In the past 12 months alone, the benchmark silver-futures contract has declined 27% Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds. Like gold, silver has ...
8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent
August 5th, 2015
Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course ...
RBA: Monetary Policy Decision
August 4th, 2015
Reserve Bank of Australia (RBA) at its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than ...
Bitcoin: The hottest game for Chinese gamblers
August 3rd, 2015
Bitcoin trading is the hottest game in China. The digital currency has been embraced by Chinese users who like to take a gamble: It’s all “about trading, about volatility, about making a profit — buy low, sell high,” said ...
Two Chinese Firms Seek Multibillion-Dollar IPOs
August 3rd, 2015
China Merchants Securities and China Reinsurance are pursuing Hong Kong listings Two Chinese financial firms are gearing up for multibillion-dollar initial public offerings in Hong Kong, even as China’s stock markets saw one of their steepest selloffs last month. ...
Currency Devaluation: The Crushing Vice of Price
July 30th, 2015
Devaluation has a negative consequence few mention: the cost of imports skyrockets. When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies ...
Greek Stock Market on Course to Reopen as ECB Gives Assent
July 29th, 2015
The reopening of the Athens stock market is one step closer. The European Central Bank on Tuesday approved proposals for trading rules to end the four-week closure, according to a spokeswoman for the Athens Stock Exchange. The timing of ...
Is it all over for Gold?
July 28th, 2015
With prices at five-year lows, Annabelle Williams asks whether the precious metal is truly hammered The Gold price has been hammered in the last few weeks, leaving the precious metal at the lowest prices for five years. Gold took ...
Asian shares skid as Fed monetary meeting looms
July 27th, 2015
Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Financial spreadbetters ...
