Search Results for: china
Dollar surges to six-year peak on yen, Tokyo stocks cheer
September 18th, 2014
Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. ...
Use of euro-renminbi options surges
September 18th, 2014
Rising renminbi trade settlement and a sliding euro are fuelling a surge in hedging between the two currencies both by multinationals and investors. Daily trading volume in euro-renminbi options has risen from about €100m at the start of the ...
West TX Oil Eases Below $95 on Stock Build
September 17th, 2014
Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the previous session, on hopes the Organization of the Petroleum Exporting Countries (OPEC) will cut output and reduce a global supply ...
U.S. SEC sets out settlement with AgFeed over accounting fraud
September 16th, 2014
AgFeed, a Tennessee animal feed company, will pay back $18 million in alleged illicit profits to settle civil accounting fraud charges, U.S. regulators said Monday. AgFeed Industries, which is currently in bankruptcy, was charged by the Securities and Exchange ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
Gold Steady Above $1230 with Eyes on Fed
September 16th, 2014
Gold added to small overnight gains on Tuesday as investors adjusted positions ahead of a key Federal Reserve policy meeting but they refrained from placing any big bets, awaiting clues on when the U.S. central bank could raise interest ...
Alibaba raises IPO as demand strengthens
September 16th, 2014
Alibaba Group Holdings has raised its initial public offering to $66 to $68, demonstrating the high demand from investors for the year’s most anticipated debut and potentially the world’s largest-ever IPO. Alibaba has attracted investors willing to buy into ...
Gold Around $1230 on Fears of More Hawkish Fed
September 15th, 2014
Gold edged higher on Monday as Asian equities tumbled but the metal continued to struggle near an eight-month low due to weak physical demand and fears the Federal Reserve may signal an early interest rate increase at this week’s ...
West TX Oil Drops to $91.30 after Russia Sanctions
September 15th, 2014
Brent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lackluster economic data from China, the world’s top energy consumer, cast a shadow on the outlook for oil demand amid ...
Sinopec to sell $17.4 billion stake to investors
September 15th, 2014
Shares in China Petroleum & Chemical Corporation, known as Sinopec, fell on Monday morning as markets reacted to the company’s plans to raise $17.4 billion by selling a stake in its nationwide chain of gas stations to outside investors. ...
