Search Results for: China Market
Dollar falls from 2-1/2 month high vs yen after weak China trade data
October 13th, 2016
The dollar pulled back from a 2-1/2 month high against the yen on Thursday after surprisingly weak Chinese trade data stirred fresh concern about the world’s second-largest economy. The dollar dropped to as low as 103.555 yen JPY= at one point, ...
China’s yuan sinks to six-year low, then erases losses
October 10th, 2016
China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a week-long holiday. Traders said the weakening of the yuan CNY=CFXS reflected strength ...
Asia markets rally after oil prices surge on OPEC production cut deal
September 29th, 2016
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in afternoon trade, with the energy sector rallying 6.54 percent, while ...
Computop and PayU Partner to Deliver Payment Solutions for Emerging Global Markets
September 28th, 2016
Computop, a leading payment service provider (PSP), and PayU, a leading payment service provider in emerging markets, today announced a partnership that provides retailers with payment solutions for high growth markets around the world. 90 percent of the global ...
IBM in blockchain project with China UnionPay
September 23rd, 2016
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership with China UnionPay to let bank customers exchange bonus points in different loyalty schemes. Arguing that such ...
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent
September 20th, 2016
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world ...
Stocks, currencies gauges rebound from worst slump since June; Emerging Markets
September 13th, 2016
Stocks, currencies gauges rebound from worst slump since June Ringgit sinks with oil as local markets reopen after holiday Emerging markets took a breather, with stocks and currencies rebounding from their worst two-day drop since June, as traders pared ...
China’s elite law firms moving from strength to strength
September 12th, 2016
China’s legal market is defying a slackened economy, with turnover on the up at most of the country’s elite law firms. The latest revenue ranking of Chinese law firms fromThe American Lawyer has shown that China’s biggest firms are continuing ...
Asian Markets Fall After North Korea Nuclear Test
September 9th, 2016
Asian shares moved lower after North Korea conducted a fifth nuclear test Friday, adding to weakness in the market brought on by disappointment about European Central Bank’s inaction on stimulus. But Hong Kong’s Hang Seng Index continues to rally, ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
