Search Results for: Bank of China
Yen Heads for Biggest 3-Day Gain in a Year as Volatility Rises
December 10th, 2014
The yen strengthened, heading for its biggest three-day gain versus the dollar in more than a year, as a decline in shares around the world and slowing growth in China boosted demand for haven assets. Japan’s currency advanced against ...
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
America: The best place to put your money
December 8th, 2014
If you slept through the past five years, you missed a helluva ride for the American stock market. Not only did U.S. equities trounce their depressing performance from last decade, but they left all other major markets in the ...
‘Global Islamic Economy Indicator’ introduced
December 8th, 2014
DIEDC launches ‘State of Global Islamic Economy Report’ Dubai Islamic Economy Development Centre (DIEDC), in partnership with Thomson Reuters and in collaboration with the Dinar Standard, has launched the ‘State of the Global Islamic Economy Report (SGIE)’ for the ...
Shanghai Composite Index Breaks 3,000 for First Time Since 2011
December 8th, 2014
China’s Shanghai Composite Index surpassed 3,000 for the first time since 2011 and a gauge of the nation’s biggest companies headed for a record winning streak on optimism shares will extend their world-beating rally. Citic Securities Co. and Haitong Securities Co., ...
Commodity Benchmarks Seen Open to Manipulation, Law Firm Says
December 8th, 2014
Almost two-thirds of commodity market participants say that benchmarks used to set the price of everything from crude oil to ethanol to zinc are vulnerable to manipulation, according to a new study. The report, to be published today by ...
Asian Currencies in Longest Weekly Declining Streak in Six Years
December 5th, 2014
Asian currencies dropped for a sixth week, the longest declining streak since 2008, as economic data boosted demand for the dollar and supported the case for higher U.S. interest rates. Malaysia’s ringgit led losses, falling to a five-year low ...
Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper
December 5th, 2014
The rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 percent cheaper in Hong Kong. It’s a reminder of how froth can overwhelm ...
ECB Weighs Further Action As Economic Picture Darkens
December 4th, 2014
The European Central Bank will spell out the scale of economic malaise facing the euro zone after it meets on Thursday under growing pressure to take dramatic action to prevent the bloc going into reverse. With recovery stalled across much of ...
U.S. Shares Rise With Dollar as Oil Surges Amid Data
December 3rd, 2014
U.S. stocks rose toward records, as energy shares rallied with the price of crude and investors weighed data on hiring and the services sector. European equities climbed and the dollar gained on speculation the region’s central bank will add ...
