Search Results for: china
China’s downturn could affect law firms
January 13th, 2016
The slowing Chinese economy will have a big impact on the Australian economy that could flow on to law firms, according to industry experts. Commonwealth Bank associate director economics Diana Mousina said the Australian economy is doing well domestically, but ...
China names central bank deputy governor as new forex boss
January 13th, 2016
China’s cabinet has named Pan Gongsheng, a deputy governor of the country’s central bank, as its new top foreign exchange regulator to manage the country’s currency reserves and steer yuan reforms. Pan will replace Yi Gang as head of ...
More foreign institutions allowed on China’s forex market
January 13th, 2016
China’s central bank allowed more overseas central banks and similar institutions to enter the country’s inter-bank foreign exchange market on Tuesday. Seven such institutions completed registration with the China Foreign Exchange Trading System, which signaled their official access to ...
The China Syndrome: The Coming Global Financial Meltdown
January 12th, 2016
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous ...
China Stock Selloff Abates on State Efforts to Stabilize Yuan
January 12th, 2016
Offshore yuan climbs to one-week high amid intervention Shanghai Composite’s RSI signals oversold conditions China’s stocks rose in volatile trading after the benchmark index briefly fell below the 3,000 level as policy makers intensified efforts to stabilize the yuan. ...
European markets: FTSE and European stocks shrug off worries over China slowdown
January 11th, 2016
European equity markets kicked off the week on an upbeat note, as investors shrugged off yet another dismal session in Asia, which saw stocks plunge to their lowest level in more than four years. Early on in the European ...
Oil drops over 2 pct as China slowdown weighs; market loses faith in rebound
January 11th, 2016
Crude oil prices fell over 2 percent on Monday as China’s economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery. Global ...
China forex regulator says will ramp up risk control efforts
January 11th, 2016
China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016. The State Administration of Foreign Exchange ...
Oil prices move up from 12 year lows as China shares rise
January 8th, 2016
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent global oversupply and a bleak demand outlook capped gains. Beijing deactivated a circuit breaker mechanism ...
CSRC:China suspends stock market “circuit breaker”
January 8th, 2016
China announced Thursday night that it will from Friday suspend the stock market “circuit breaker” mechanism that has been implemented since the beginning of this year. “Currently, the negative effects of the mechanism are greater than the positive effects. ...
