U.S. index provider MSCI said China's stock slump won't impact the decision to include China-listed shares in its emerging markets index.» Read More
PYONGYANG, North Korea— If an Air Koryo passenger ignores its no-photography rule, a flight attendant might take the camera and delete the pictures herself. Crumpling up a newspaper bearing the image of North Korean leader Kim Jong Un can earn travelers a stern lecture, or worse. They are clearly not the world's worst airline, "said Simon Cockerell, of the Koryo...
*Oil market reforms will squeeze China's state oil giants. SINGAPORE, Sept 2- China may launch a global crude oil futures contract as early as October to compete with the existing London Brent and the U.S. The long-awaited crude contract would better reflect China's growing importance in setting crude prices, as well as boost the use of the yuan in which it will be...
BEIJING, Sept 2- PetroChina will obey a ruling from the country's environmental watchdog ordering the state energy giant to halt construction of part of a new large refinery in southwestern China, a company official said on Wednesday. PetroChina, the country's top oil and gas producer and second-largest refiner, has been fined for violating environmental...
SHANGHAI, Sept 2- China stocks clawed back sharp early losses on Wednesday amid speculation that the government is putting fresh pressure on brokerages to support the market. Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan to buy shares, the China Securities Journal said on Wednesday. A number of Chinese brokerages, including...
SHANGHAI, Sept 2- China's yuan weakened slightly on Wednesday as dollar demand ahead of public holidays the following two days offset a stronger official midpoint and state-bank dollar sales on behalf of the central bank, traders said. "Many people bought dollars today as banks need foreign exchange to prepare for possible demand from their customers during...
TOKYO, Sept 2- The dollar bounced to cut steep losses versus the yen on Wednesday as Tokyo shares rebounded after sharp losses, dulling demand for the safe-haven Japanese currency for the time being. The dollar was up 0.7 percent at 120.175 yen, hoisted up from a low of 119.225 as Tokyo's Nikkei gained 0.8 percent following the previous day's 3.8 percent tumble.
Ronald Wan, chief executive, investment banking at Partners Capital International, says Chinese investors are not willing to hold shares ahead of a long weekend.
Gerry Harvey, chairman of Harvey Norman, says its businesses have been doing "better than they've been for a long time" and explains why the recent market turmoil is beyond his comprehension.
Joe Magyer, senior analyst at The Motley Fool, explains why he describes Beijing's recent policy support moves as "trying to fight off a hangover by taking more drinks."
CARACAS, Sept 1- Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. A source at Venezuelan state-run oil company PDVSA told Reuters in March that China was set to extend a "special" $5 billion loan that would likely stipulate hiring Chinese companies to...
CARACAS, Venezuela— Venezuelan President Nicolas Maduro says China has agreed to provide a $5 billion loan to boost oil production. China is Venezuela's largest creditor and has loaned it more than $40 billion during the last five years, much of which has been paid back with oil. Venezuela sells China more than 600,000 barrels of oil a day.
*Weak U.S. manufacturing survey follows downbeat China figures. *China equities performance, Beijing policies in the spotlight. TOKYO, Sept 2- Asian shares got off on the back foot on Wednesday after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses.
Despite international headwinds, U.S. and European strength could provide some equities buying opportunities, experts said.
Tim Evans, energy analyst for Futures Research at Citigroup, says data from the American Petroleum Institute (API) underscore a larger oversupply in the global crude oil market.
Stepanie Link, TIAA CREF, and Jim Lebenthal, Lebenthal Asset Management, discuss selloff strategies and how to play the current market volatility.
Wall Street could be in for another rocky ride Wednesday.
“Mad Money” host Jim Cramer is revealing which stocks can withstand pressure from China.
David Riedel, president & founder at Riedel Research Group, says Beijing's recent double policy easing requires time to take effect, likely in fourth quarter.
Jim Cramer goes off the charts and spoke with a technician who could see rosy days ahead for black gold.
Jim Cramer provides his perspective on why the U.S. is not ready for a rate hike right now.