Search Results for: U.S. economy
Chinese stocks rally on rumored mortgage tax break
December 2nd, 2015
Chinese markets rallied Wednesday afternoon on speculation of an upcoming incentive to be announced by Beijing to boost the country’s lagging property market. Elsewhere, other Asian equities ended lower on Wednesday as sentiment remained shaky in the region, with ...
Swiss GDP Unexpectedly Stagnates in Third Quarter
December 1st, 2015
Export growth driven solely by chemicals, pharmaceuticals SNB to hold rate decision on Dec. 10, may react to ECB easing Swiss economic growth unexpectedly stalled in the third quarter, with momentum held back by weak performance in the energy, ...
IMF’s Executive Board Completes Review of SDR Basket, Includes Chinese Renminbi
December 1st, 2015
The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese ...
Chinese Stocks: Brokerage Probes Weigh on November Stock Gains
December 1st, 2015
Three of China’s largest brokerages said they were under investigation for suspected violations of margin-trading rules A widening Chinese investigation into what officials have deemed suspicious or illegal trading activity has put the brakes on a rebound in the Shanghai Composite ...
Stocks Gain With Copper as Risk Appetite Spreads Across Markets
December 1st, 2015
European, U.S. factory data due after mixed China reports India expected to keep rates on hold after RBA stands pat Asian stocks advanced with commodity-linked currencies and metals as investors focused on the positives in data from the region’s ...
What Will It Mean If the Yuan Gets Reserve-Currency Status?
November 30th, 2015
At least $1 trillion of global reserves may migrate to yuan Successful bid would boost Xi’s economic reform efforts International Monetary Fund representatives have given China strong signals that the yuan is likely to soon join the fund’s basket of reserve ...
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
November 30th, 2015
Asian shares fell on Monday as Chinese stocks extended last week’s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI’s ...
China Shares Fall Sharply as Regulators Investigate Brokers
November 27th, 2015
Chinese officials have ramped up scrutiny of the securities industry Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday. The Shanghai Composite Index fell 4.6% to 3468.13, wiping out most ...
Stocks Fall on China Selloff as Yuan Weakens; Commodities Slump
November 27th, 2015
Brokerages lead losses in Chinese shares on government probes Traders holding on to December Fed bets while ECB seen easing A selloff in Chinese stocks spread across Asia as falling industrial profits and a deepening probe of the financial ...
Asia stocks mostly climb on ECB easing prospects
November 26th, 2015
Asian markets were mostly higher on Thursday on the prospect of fresh European stimulus even as new data reinforced expectations for tighter U.S. monetary policy. The euro traded above the $1.06 handle, rebounding after hitting a seven-and-a-half month low of $1.0565 ...
