Search Results for: Chinese
Asian shares extend losses after China prices cool
October 14th, 2015
Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world’s second-largest economy. China’s consumer price index (CPI) rose 1.6 percent in September from a ...
What will Happen to Bitcoin when the Economy goes Bust?
October 12th, 2015
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in ...
Online transactions made on a mobile device continue to increase their share
October 12th, 2015
Mobile Payments Index uncovers mobile share for key payment methods including Paypal, Alipay and online banking Adyen, the global payments technology company, today published the Q3 edition (July-Sept) of its quarterly Mobile Payments Index, which tracks mobile payment data ...
VW recalls diesel vehicles in China to correct emissions
October 12th, 2015
Volkswagen is recalling 1,950 diesel vehicles in China to correct engine software that the automaker has admitted cheats on emissions tests. The recall applies to 1,946 Tiguan sport utility vehicles and four Passat B6 sedans, all of them imported, ...
Asian shares extend an October rally; dollar slips
October 12th, 2015
Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fueled by a rebound in commodities while the dollar struggled as hopes of a Fed rate rise this year grew ...
China and the dollar
October 9th, 2015
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead created trouble for the US; ...
GemCoin Investors Seek $100 Million in Class Action Lawsuit
October 9th, 2015
An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency ‘Gemcoin’ days after a US Securities and Exchange Commission (SEC) crackdown. The complaint, filed Monday by The Liu Law Group ...
Crude oil futures rise after bullish forecast, Fed minutes
October 9th, 2015
U.S. crude rises to above $50 a barrel Brent crude on track for near 12-pct weekly rise Influential forecaster predicts market rally (Updates prices, adds comment) Crude futures rose in early Asian trade, with U.S. oil climbing above $50 a ...
China launches cross-border payment system
October 8th, 2015
China’s cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard. The CIPS platform will be used to support cross-border goods and services trade ...
Equity rally stalls as German data casts cloud over global growth
October 8th, 2015
Global stocks traded just off three-week highs on Thursday after unexpectedly weak trade and machinery orders data from Germany and Japan hinted at a stalling in the momentum of some of the world’s biggest economies. An oil price bounce, ...
