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China Yuan Down Slightly Late On Euro Weakness Overnight
China's yuan fell slightly against the U.S. dollar late Wednesday afternoon following the euro's drop against the dollar overnight because of renewed concerns over the health of European banks. |
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China may order new bank loan reserve ratio -media
China may order its banks to set aside 2.5 percent of their total loans as reserves to counter bad debt risks, Caixin magazine reported on Tuesday.
Chinese banks are already required to ......
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Former Google China Head Invests in Chinese Startups
One year after leaving his position as head of Google's China operations, Kai-Fu Lee is funding a dozen startups with his new company Innovation Works to seize on opportunities with China's booming......
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China auto sales up 55.7 percent in August
China's auto sales jumped 55.7 percent in August from a year earlier, boosted by Beijing's new subsidies scheme for energy-saving vehicles, state media said Thursday.
Vehicle sales in th......
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China auto sales rebound to grow 56 percent in Aug
Auto sales in China, the world's biggest car market, rebounded in August as subsidies for energy-efficient vehicles and a stronger currency spurred demand.
Sales rose 55.7 percent over a......
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Motorola announces trio of Ming phones for China
After months of leaks and ill-fated speculation, Motorola has announced three new Ming series Android phones destined for China. You may recall seeing these phones pop up as far back as April, rumo......
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China Yuan Falls Late On Importer Dollar Demand, Higher Fixing
China's yuan fell against the U.S. dollar late Monday afternoon on month-end dollar demand from importers, as well as a higher-than-expected dollar-yuan central parity rate.
On the over......
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Hong Kong’s Stock Index Falls for Third Week; China Green Drops
Hong Kong’s benchmark stock index fell for a third week as developers dropped after Henderson Land Development Co. reported a larger-than-estimated decline in first-half underlying profit. |
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HK Shares End At 5-Week Low; China Life Insurance Weighs
Hong Kong shares fell for the fifth consecutive session Thursday to a five-week low, as disappointing first-half results from China Life Insurance weighed on the market.
The blue-chip H......
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China Yuan Down Late; Hopes For Gains In Local Shares Wane
China's yuan was lower against the U.S. dollar late Wednesday afternoon, as yuan demand stemming from expectations of a stronger Chinese stock market has waned with the decline in local shares. |