China’s yuan fell by the most in seven weeks, three days before U.S. Treasury Secretary Henry Paulson visits Beijing for trade talks, on speculation the central bank wants to weaken the currency to spur the economy.
The People’s Bank of China set its daily reference rate at the weakest level since August, after resisting pressure for [...]
The China Securities Regulatory Commission (CSRC) said Friday it would conduct more checks of listed companies in a bid to avoid malpractice in stock trading.
Majority shareholders of listed companies, relevant parties involved in mergers and acquisitions and securities brokers would all be subject to examinations, the CSRC said in a draft revision.
Tags: brokers, CSRC, investment
China’s stocks fell for a third day, led by airlines, after the nation’s largest international carrier said fuel hedging losses tripled. Developers retreated on speculation interest rates may stay unchanged.
Air China Ltd. fell 9.7 percent after disclosing higher losses on fuel-price bets. China Vanke Co., the nation’s biggest listed developer, slid 7.2 percent after central [...]
Hong Kong stocks rose 2.9 percent on Friday, as U.S. stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring.
But the main index finished the week 6.5 percent lower, its worst weekly performance in three weeks, on bleak economic data, job [...]
Chinese stocks retreated on Tuesday amid a massive downward trend in neighboring markets.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, tumbled 6.31%, or 128.06 points, to 1902.43 points after fluctuating between 2050.88 and 1889.87 points.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange dived [...]
Hong Kong shares rose 3 percent on Friday as energy stocks such as CNOOC (0883.HK: Quote, Profile, Research, Stock Buzz) cheered a jump in oil prices on worries over output cuts, while Wharf Holdings (0004.HK: Quote, Profile, Research, Stock Buzz) rose after a rating upgrade.
Local developer and port operator Wharf surged 8.4 percent after Merrill [...]
