Search Results for: Bank of China
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
Gold Demand in China Slumps 37% Amid Drive to Root Out Graft
November 13th, 2014
Gold demand in China shrank for a third quarter as slumping prices failed to boost the purchases of bars, coins and jewelry in the world’s biggest user and officials pressed on with a nationwide anti-graft campaign. Buying by Asia’s largest economy ...
Chinese, Canadian central banks agree to 200 bln yuan currency swap
November 10th, 2014
The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday. The swap will ...
China deal sends shares to one-month high, rouble surges
November 10th, 2014
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices. ...
Shanghai-Hong Kong Stock Connect gets China go-ahead
November 10th, 2014
Regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges. The Shanghai-Hong Kong Stock Connect will allow investors to trade across the border for the first time and is set to begin on 17 ...
Yuan Bears Say Record Dollar Debt to Fuel Decline: China Credit
November 7th, 2014
Yuan bears have added Chinese companies’ record dollar borrowings to the list of reasons why the currency may weaken. Chinese firms raised $196 billion from loans and bonds this year, 11 times more than the $17.7 billion of 2008, ...
Canada and China to Set Up Yuan Trading Hub in Canada
November 7th, 2014
Canadian Prime Minister Stephen Harper will announce the establishment of a trading hub for the Chinese currency in Canada during a state visit to Beijing starting today, according to a person familiar with the matter. The deal will allow firms to exchange Canadian ...
Australia & NZ shares slip as commodity prices fall, China data awaited
November 5th, 2014
Australian and New Zealand shares slipped on Wednesday with weaker iron ore, copper and oil prices dragging down Australia’s heavyweight resources sector amid concerns about global demand. The S&P/ASX 200 index fell 29.9 points to 5,490 by 01:20 GMT, ...
SoftBank Cuts Annual Profit Forecast 10% on Sprint
November 4th, 2014
SoftBank Corp. (SFT), the Japanese wireless carrier led by billionaire Masayoshi Son, cut its full-year profit forecast 10 percent on widening losses at its Sprint Corp. unit in the U.S. Sprint, acquired in 2013 for $22 billion, is eliminating ...
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
