GO
Loading...

China

More

  • Why policy easing is unavoidable in China   Tuesday, 31 Mar 2015 | 9:14 PM ET
    Why policy easing is unavoidable in China

    Despite concerns about the upswing in equities, Beijing cannot avoid further easing if it wants to stabilize its economy, says Zhang Zhiwei, chief economist and head of equity strategy at Deutsche Bank.

  • METALS-LME nickel hits new 6-year low on forced sales Tuesday, 31 Mar 2015 | 9:03 PM ET

    MELBOURNE, April 1- London nickel sank to new six-year lows on Wednesday as Chinese nickel pig iron makers sold nickel stocks due to weak local demand for their product, while copper prices drifted ahead of key China manufacturing data out soon. The most-traded June copper contract on the Shanghai Futures Exchange dropped 1.6 percent to 43,090 yuan a tonne.

  • China March official PMI isn't strong: Pro   Tuesday, 31 Mar 2015 | 9:02 PM ET
    China March official PMI isn't strong: Pro

    Zhang Zhiwei, chief economist & head of Equity Strategy, China at Deutsche Bank, says the pick-up in March's factory activity may not allay fears about slowing growth.

  • FOREX-Dollar edges down vs yen after BOJ tankan Tuesday, 31 Mar 2015 | 8:34 PM ET

    TOKYO, April 1- The dollar edged down against the yen in early Asian trade on Wednesday, after the Bank of Japan's tankan survey of business sentiment showed that a weaker currency failed to improve Japanese corporate sentiment. The dollar slipped about 0.2 percent to 119.90 yen, touching its session lows after the tankan release and moving back toward a...

  • Why are countries eager to join China-Led AIIB?   Tuesday, 31 Mar 2015 | 6:39 PM ET
    Why are countries eager to join China-Led AIIB?

    Edwin Truman, non-resident senior fellow at the Peterson Institute for International Economics, says many countries have "commercial motivations" and explains why the U.S. should be part of the new development bank.

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had more work to do. Lew, who was returning from a trip to Beijing where he met with Chinese officials, repeated the U.S. view that...

  • SAN FRANCISCO, March 31- The United States feels China's yuan does not yet meet the standards for inclusion in the International Monetary Fund's basket of global currencies, Treasury Secretary Jack Lew said on Tuesday. Lew said that China had work to do to meet the standards for inclusion. Lew, who was returning from a trip to Beijing where he met with Chinese...

  • MEXICO CITY, March 31- Mexico is trying to get Chinese state-run companies involved in the construction of a new $11 billion airport as it seeks to make up for a tainted rail tender that soured relations with Beijing, a source with knowledge of the government plan said. Mexico announced in September it would build the new Mexico City airport to relieve congestion...

  • Commodities tomorrow: Iranian oil on the way?   Tuesday, 31 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: Iranian oil on the way?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was down for the third straight day, due to dollar strength, an increase in OPEC output, and the possibility of a nuclear deal with Iran.

  • WASHINGTON, March 31- The United States stands ready to welcome a China- led development bank as long as it complements existing institutions and adopts high governance standards, Treasury Secretary Jack Lew said on Tuesday. Lew said having the Asian Infrastructure Investment Bank work with existing institutions would demonstrate its backers are...

  • NEW YORK, March 31- U.S. stocks retreated on Tuesday from the previous session's rally, though major indexes were headed for a positive first quarter, while the euro was on track for its biggest quarterly fall as worries about Greece kept the currency under pressure. The European Central Bank's one-trillion-euro economic stimulus program, launched this month,...

  • By Rahul Karunakar and Hari Kishan. March 31- Uncertainty surrounding the timing of the U.S. Chinese and most European stocks have led the way with a stellar run, buoyed by stimulus from the People's Bank of China and the European Central Bank.

  • HELSINKI— Norway said Tuesday it intends to join the Asian Infrastructure Investment Bank as a prospective founding member to promote closer ties to the Asia-Pacific region, a move that could help the country's frozen relations with China thaw. In a diplomatic coup for Beijing, U.S. allies Britain, Germany, Australia and Taiwan have broken with Washington and...

  • China appears to attack GitHub by diverting traffic Tuesday, 31 Mar 2015 | 9:28 AM ET
    Security guards chat near a Baidu logo at the Baidu headquarters in Beijing on December 17, 2014.

    The Chinese government is taking damaging one of its own Internet companies: Baidu, reports the The New York Times.

  • LONDON, March 31- Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close. Now its closure marks the impact of higher oil prices and EU-wide policies, agreed by Britain's major political parties, to move away from fossil...

  • BEIJING, March 31- China will introduce a scheme to insure bank deposits from May 1, the government said on Tuesday, ushering in a reform seen as vital for freeing up a highly-protected banking sector. The scheme, which has been talked about in China for around 20 years but gained urgency last year, comes at a time of increased financial stress, as a slowing economy...

  • SHANGHAI/ HONG KONG, March 31- As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers. The hope is that by making it easier for buyers to get mortgages, China can revive the housing market, which accounts for 15 percent of its...

  • BEIJING— China announced plans on Tuesday to roll out its first deposit insurance in May as part of steps to make the state-owned banking industry more flexible and competitive. It said that would cover more than 99.6 percent of depositors but would exclude branches of foreign banks in China. "The introduction of deposit insurance is an important step in...

  • LONDON, March 31- After three months dominated by a rising dollar, interest rate cuts by 26 central banks and hefty equity gains, the big winner was the Chinese stock market. Investors who bought Shanghai- listed A shares at the start of the year have registered gains of 17 percent on a total return basis in dollar terms. Federal Reserve and the European Central Bank,...

  • *Market seen in global surplus of around 65,000 T in 2015- Natixis. Nickel has almost halved in value since hitting two-year highs above $21,000 last May, as an expected supply crunch in China failed to materialise while LME stocks hit record highs. While the market has concentrated heavily on the supply scenario, Nic Brown, head of commodities research at...