Search Results for: China Market
Saudi Arabia: Could This Spark a Stock Market Crash in 2016?
January 4th, 2016
Saudi Arabia’s Budget Woes Could Trigger Economic Collapse in 2016 The collapse of oil prices to below $37.00 per barrel, compared to $56.00 last January, has sunk Saudi Arabia’s accounts and hurt its budget expectations. According to the 2015 ...
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
January 4th, 2016
Weak manufacturing data, end to share-sale ban sparked rout Stocks in Hong Kong extend retreat after mainland halt The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures ...
Chinese markets halt trading for day after shares plunge
January 4th, 2016
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the slowdown of the mainland’s economy. The Shanghai Composite tumbled 6.85 percent ...
China cracks whip on foreign banks with forex shut-out
January 4th, 2016
* Beijing targets “aggressive” trading to stem capital flows * Also wants to narrow onshore-offshore yuan gap * China-based banker says “easy-money” arbitrage days now gone Chinese authorities are starting to police the nation’s foreign exchange market in a ...
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 30th, 2015
CSRC rule proposals seen taking effect in as early as 2016 Proposal to levy fees on high cancel rates echoes Clinton plan Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the ...
China suspends forex business for some foreign banks: sources
December 30th, 2015
China’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices told Reuters on Wednesday. Included among the suspended services are ...
Traders in China and Hong Kong Paying $920,000 to Settle Insider Trading Case
December 29th, 2015
The Securities and Exchange Commission today announced that two traders in China and Hong Kong have agreed to pay more than $920,000 to settle an insider trading case against them. Cousins and business associates Zhichen Zhou and Yannan Liu, ...
Major Asian markets close higher after Nikkei, Kospi erase early losses
December 29th, 2015
Asian equities closed higher on the second day of 2015’s final week, after the Japanese and South Korean markets erased morning losses and the Australian market totted up a more than 1 percent gain. That’s a turnaround from earlier ...
China central bank says to keep reasonable credit growth, yuan stable
December 28th, 2015
China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People’s Bank of China will keep the yuan basically stable while forging ...
UAE, China agree to set up RMB clearing hub
December 28th, 2015
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi (People’s money), local UAE media reported on Sunday. The UAE clearing hub for the Chinese ...
