Search Results for: Chinese
Oil prices slip on weak Asian data, fading prospect of output cut
February 1st, 2016
Oil prices dropped on Monday after China and South Korea posted surprisingly weak economic data, while fading prospects for a coordinated production cut by leading crude exporters also dragged on the market. Economic data from China, showing its manufacturing ...
Asia trades mixed after data shows January fall in China factory activity
February 1st, 2016
Asia markets traded mixed Monday afternoon, with major indexes in Australia, Japan and South Korea extending gains after the Bank of Japan’s (BOJ) surprise move into negative interest rates on Friday sent stocks higher from Tokyo to New York. ...
Central Bank of Japan decided to adopt a negative interest rate policy
January 29th, 2016
The Bank of Japan (BOJ) has issued an announcement to inform that on its meeting held on January 29, the Policy Board decided to introduce “Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate” in order to achieve the ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
China shares lower, but ‘real economy’ sound says state media
January 28th, 2016
China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai ...
China shares tumble again, taking 2016 losses to $2 trillion
January 27th, 2016
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion). The benchmark Shanghai Composite Index SSEC was down 3 percent in afternoon ...
Philips Shares Rally on Earnings
January 26th, 2016
Dutch electronics firm says its operational performance continued to improve Shares in Royal Philips NV rallied Tuesday after the Dutch electronics company reported earnings that beat market expectations, giving investors some comfort ahead of the planned sale of its ...
How China’s Plans to Launch Its Own Currency Might Affect Bitcoin
January 26th, 2016
China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin? A statement by the PBOC about issuing its own digital currency is making its way ...
China Stocks Plunge to 13-Month Low Amid Capital Outflow Concern
January 26th, 2016
Yourong Fund, Rabobank, Chart Partners predict further losses China capital outflows reached estimated $1 trillion in 2015 China’s stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support ...
Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls
January 26th, 2016
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said low prices won’t reduce its spending on energy projects and China’s ...
