Search Results for: Shanghai
Alibaba IPO signals global ambitions
September 12th, 2014
It was a scene straight out of Silicon Valley — only it took place across the Pacific. In 1999, Jack Ma gathered his wife and 17 friends in his small apartment in China’s eastern city of Hangzhou, about 100 ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
Gold Remains Under $1260 on U.S. Dollar Strength
September 9th, 2014
Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal’s appeal as a currency hedge. Spot gold had slipped ...
Asian Equities Mixed on Soft Lead
September 9th, 2014
Asian indices were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival. Overnight in the U.S., Wall Street closed mixed with energy producers leading losses on oil’s ...
China’s State Media Join Brokerages Saying Buy Equities
September 4th, 2014
China’s state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least ...
China antitrust regulator claims Microsoft sales information not transparent
August 26th, 2014
Microsoft Corp’s internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West. Microsoft ...
Copper up to Above $3.20 After Strong U.S. Home Sales
August 22nd, 2014
Copper in London rose to a two-week high, heading for the first weekly advance in a month on stronger-than-expected U.S. homes sales and before a speech by Federal Reserve Chair Janet Yellen. The metal for delivery in three months ...
Asian Stocks Fall as BHP Billiton Drags Index Lower
August 20th, 2014
Asian stocks fell after valuations reached the highest level this year and as BHP Billiton Ltd. (BHP) slumped, dragging materials shares to the largest decline on the regional gauge. BHP, the world’s largest miner, tumbled 3.9 percent in Sydney ...
Copper futures rise on global cues
August 18th, 2014
Copper prices rose Rs 2.25, to Rs 427 per kg in futures trade today. At the Multi Commodity Exchange, copper for delivery in far-month November traded higher by Rs 2.25, or 0.53 per cent, to Rs 427 per kg ...
Asian shares sluggish, Ukraine anxiety fans growth worries
August 13th, 2014
Asian shares were tentative on Wednesday, and copper prices slipped to six-week lows on worries about global growth, as investors remained cautious as the crisis in Ukraine threatened a fragile economic recovery in Europe. Adding to the fragile mood, ...
