Chinese insurer PICC priced its Hong Kong IPO near the bottom of the range, the latest sign of tepid appetite for new listings in the city.» Read More
Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-model Mercedes.
China is planning to tighten its control over its rare earth minerals by allowing just a handful of state companies to oversee the mining of the scarce elements, which are vital to some of the world’s greenest technologies. The NYT reports.
The pain of the European debt crisis is spreading, with the plummeting euro making Chinese companies less competitive in Europe, their largest market, and complicating any move to break the Chinese currency’s peg to the dollar.
Foreign companies doing business in China are increasingly feeling as if the deck is stacked against them. The New York Times explains.
The Chinese government is very close to announcing a revision of its currency policy in the coming days that will allow greater variation in the value of its currency combined with a small but immediate jump in its value against the dollar, the New York Times reported.
Everyone agrees China is in the middle of a spectacular real estate boom. The question is whether it is in the middle of a rapidly growing real estate bubble. The New York Times reports.
The debate rages on — Is this a new bull market or just a bear market rally? Have we bottomed out? Are the markets turning for real? Let's see what the charts have to say.
Asian stocks edged up Monday, holding near a six-month peak struck last week and withstanding an early bout of profit-taking as investors eyed a slew of corporate earnings reports around the world this week.
Asian markets were mixed Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with shares outside Japan on track for a sixth week of gains.
Asian stocks pulled back from a six-month high Thursday, while the safe-haven yen gained after China posted its slowest ever quarterly growth in a signal of the frailty of the global economy.
Asian markets pulled back from six-month highs Wednesday but held up after the drop on Wall Street, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter growth.
Asian markets bounced back and forth in a narrow trading band Monday. Trading was quiet after most major overseas centers were closed on Friday due to the long Easter weekend.
Asian markets were mixed Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
Tokyo stocks closed at a three-month high while Seoul shares rose to their highest in six months Friday. Trading was limited around the region with the Australian, Hong Kong and Singapore markets closed for the Good Friday holiday.
Asian stocks pushed back towards a six-month high Thursday as technology shares resumed their rally, while Japan's surprisingly big stimulus spending and signs of stabilizing economic activity drove up government bond yields.
Asian stocks slid for a second day Wednesday while the U.S. dollar climbed, with investors fleeing to the sidelines to await companies' business outlooks as what is expected to be a grim results season begins.
Asian stocks teetered Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.
Asian shares climbed to a six-month high Monday, as hopes that the global economic downturn is nearing its bottom spur demand for riskier assets while hitting the yen and safe-haven government bonds.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive Friday, pushing up Asian markets higher for a fourth day.
Asian markets surged Thursday, with investors seeing a sliver of hope the U.S. economy has bottomed, while the euro edged up before a European Central Bank meeting at which rates may be cut for the last time in a while.