Search Results for: China
China’s Xi says annual growth of about 7% over next five years
November 3rd, 2015
Chinese President Xi Jinping said it is possible for the country to have annual economic growth of around 7 percent over the next five years, but there remain many uncertain factors, including highly-leveraged firms, state media agency Xinhua reported ...
China forex regulator tells staff to take graft fight seriously
November 3rd, 2015
China‘s foreign exchange regulator has urged its officials to take seriously the ruling Communist Party’s fight against corruption and follow rules closely, the regulator said in a statement released by the country’s graft watchdog on Tuesday. Dozens of senior ...
Gold Demand in China May Gain to Record, Bullion Bourse Says
November 2nd, 2015
Financial-market turmoil, devaluation seen boosting demand `Investors still prefer gold,’ Chairman Haywood Cheung says Gold consumption in mainland China may match or exceed the record in 2013 after financial-market turmoil and the yuan’s devaluation boosted the metal’s appeal, according ...
China police bust major futures manipulation case
November 2nd, 2015
Police have netted three suspects and is seeking to arrest more overseas for pocketing huge funds via manipulating futures trades, the Ministry of Public Security announced Sunday in a statement. Authorities locked onto “Yishidun,” an international trade company founded ...
China raises central rate for yuan by largest amount in a decade
November 2nd, 2015
China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on a single day in a decade. The move comes at ...
Oil prices drop on China demand worries
November 2nd, 2015
Oil prices fell in Asian trading hours on Monday as analysts expected weaker demand from China in upcoming months. Benchmark U.S. crude futures CLc1 had dropped 24 cents from their last settlement to $46.36 per barrel by 0232 GMT. ...
Asian stocks fall after tepid China PMI survey
November 2nd, 2015
A general view of market boards at the ASX Exchange Centre in Sydney, Australia. Asian stocks mostly slipped into the red on Monday, as investors digested a private survey which showed China‘s mammoth manufacturing sector remaining in a tough ...
Asian shares mixed on BOJ decision, China’s child policy change
October 30th, 2015
Asian shares mostly regained their footing on Friday, following the Bank of Japan’s (BOJ) decision to stand pat on its monetary policy and as China‘s scrapping of its one-child policy bolstered dairy and baby products makers. Major U.S. averages finished lower overnight, ...
China Foreign Exchange Trade System and Deutsche Börse sign cooperation agreement
October 29th, 2015
China Foreign Exchange Trade System (CFETS) and Deutsche Börse today entered into a strategic cooperation agreement to connect the respective markets and foster product innovation. The cooperation agreement was signed by Sun Jie, Executive Vice President of CFETS, and ...
Asian stocks advance on China rate cut, U.S. tech earnings
October 26th, 2015
Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earning guidance. MSCI’s ...
