Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before ... Read More
More than £30bn was wiped off FTSE 100-listed stocks this morning, after new economic data from China reduced hopes of a recovery from last week’s market turmoil. The FTSE ... Read More
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese ... Read More
Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation ... Read More
Asian stocks declined on Tuesday, as losses on Wall Street overnight and new manufacturing data out of the world’s second-largest economy curbed risk appetite. China’s official manufacturing purchasing managers’ index ... Read More
For the past decade, Russian President Vladimir Putin has been putting plans in place to free Russia from energy dependency on European markets with a series of projects that ... Read More
Deutsche Bank today announced that it has implemented a Receivables on Behalf Of (‘ROBO’) solution for Siemens Financial Services (‘SFS’) in China, for both intra-group and third party cross-border ... Read More
Shares in China, Japan continue streak of gains Asian markets rose Friday as renewed optimism about the U.S. economy and China’s recent stock gains offset worries about global growth. ... Read More
Employees of one of China‘s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state ... Read More
Gold prices quickly touched a new 7-week high of $1169 per ounce on Tuesday morning in London, while European and US stock market indices bounced back after the shockwaves sent ... Read More
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