Fears of a possible global slowdown as US money printing tapers off sent Asian markets into a tailspin yesterday, pulling the Australian equities market back towards a level that has all but wiped off the gains it has made this year. ...
Tags: Asian Markets
The S&P/ASX200 has closed down 2 per cent at 5062.4, as slower Chinese manufacturing activity in May combined with signs that the US Federal Reserve could start rolling back its bond-buying program to send the local sharemarket to its ...
China saw the increment of funds outstanding for foreign exchange (FOFE) reach a new high of CNY 1.2 trillion in the first quarter of this year. According to data released by the People's Bank of China (PBOC), the central bank, on April ...
Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy
Australian stocks closed about half a per cent lower as the big resources companies dragged the market down following falls in China. At the close today, the benchmark S&P/ASX200 index was 28.5 points, or 0.57 per cent, lower at 4,966.5. ...
Tags: Australian Stocks
THE dollar tumbled to its lowest level in eight months after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities might weaken. The Aussie also fell after local data showed ...
Tags: economy, real estate
THE sharemarket fell sharply yesterday after China announced new measures to curb property speculation. Investors were also concerned after China's services sector data missed expectations, and a 60 Minutes report that said China's rapid ...
Tags: real estate, Economy
The Australian dollar tumbled to its lowest level in eight months in Asian trading yesterday after China announced new measures to cool property prices, fuelling speculation that demand for Australia's commodities may weaken. The dollar ...
Tags: Australian dollar, commodities, trading
The Australian dollar rose steadily yesterday as Chinese stocks started the week with a strong performance. However, it was well down on Friday. The Shanghai Composite index was up 2.1 per cent, buoyed by remarks from the head of China's ...
NYMEX January RBOB futures settled sharply higher Friday, leading the gains in the oil complex, as a weak fundamental picture took a back seat to a technical move higher. January RBOB settled 6 cents higher at $2.6621/gal after having ...
Tags: Chemicals, NYMEX RBOB, Technical Bounce, Crude Firms
China's industrial output and retail sales exceeded forecasts last month while inflation rebounded from a 33 month low in signs the economic recovery is accelerating. Factory production climbed 10.1%in November from a year earlier,the ...
Tags: industrial output, retail sales, inflation, economic recovery
SHARES in Wuhan Iron and Steel Co surged after the major Chinese steel mill announced a CNY 15 billion (USD 2.41 billion) private placement to acquire mining assets from its parent. According to a filing to the Shanghai Stock Exchange, ...
Sany Heavy Industry Co. (600031), China’s biggest maker of excavators, may cut its unit-sales forecast for this year as government efforts to curb property speculation slow construction. “Given the weak market, I think ...
Tags: market view, excavators
OAO Russian Machines, a Moscow-based manufacturer controlled by billionaire Oleg Deripaska, will seek as much as $3 billion by selling a minority stake in overseas markets, said Chairman Siegfried Wolf. The company plans to sell as much as ...
Tags: market view, Machines
Asian stocks rose, with a regional benchmark index headed for its biggest monthly rally since September 2010, as Greek Prime Minister Lucas Papademos said major progress was made in debt-swap talks and Japan’s industrial production ...
Tags: market view, factory robots