Search Results for: china
Asian Shares Rise, China Markets Closed for Holiday
September 3rd, 2015
U.S. markets regained some footing overnight Asian markets were mostly higher on Thursday, led by a strong performance in Japanese stocks after U.S. markets restored some stability to a region rocked by volatility. Japan’s Nikkei was 1.5% higher at around midday, ...
China central bank sets reserve requirements for all FX derivatives
September 2nd, 2015
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on further depreciation of ...
China stocks reverse losses after brokerages pledge support; Hong Kong flat
September 2nd, 2015
China stocks clawed back sharp early losses on Wednesday amid speculation that the government is putting fresh pressure on brokerages to support the market. Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan ($4.71 billion) to ...
Extreme volatility rocks China stocks
September 2nd, 2015
China stocks swung wildly on Wednesday as investors grappled with the market’s latest episode of extreme volatility. The benchmark Shanghai Composite shed 4.2% at the opening bell, only to recover and lurch into positive territory by mid-day. The smaller ...
European stocks suffer as China outlook continues to worsen
September 1st, 2015
More than £30bn was wiped off FTSE 100-listed stocks this morning, after new economic data from China reduced hopes of a recovery from last week’s market turmoil. The FTSE dipped below 6,100 points in mid-morning trading, 2.4 per cent ...
China’s market-oriented reforms help promote global growth: Chinese official
September 1st, 2015
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese envoy said. Wang Liang, the charge d’affaires at the Chinese ...
China c.bank to clamp down on forwards trading to curb yuan depreciation
September 1st, 2015
Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation Yuan lost 2.6 pct in August, worst monthly performance on ...
Asian stocks decline as China twin PMIs sap risk appetite
September 1st, 2015
Asian stocks declined on Tuesday, as losses on Wall Street overnight and new manufacturing data out of the world’s second-largest economy curbed risk appetite. China’s official manufacturing purchasing managers’ index (PMI) edged down to 49.7 in August from 50 in July, just ...
China state media announces confessions in probes into stocks plunge
August 31st, 2015
Chinese state media announced a slew of confessions on Monday following investigations into recent stock market gyrations, including from a detained reporter who admitted to spreading false information that caused “panic and disorder”. An official from China‘s securities regulator ...
China’s Economic Woes Jeopardize Putin’s Pipeline, Energy Trade Between Russia, China
August 28th, 2015
For the past decade, Russian President Vladimir Putin has been putting plans in place to free Russia from energy dependency on European markets with a series of projects that aim to capitalize on the economic clout of China. But ...
