GO
Loading...

Enter multiple symbols separated by commas

Asia Top News and Analysis Shanghai

More

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.

  • *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent.

  • LONDON, July 29- Gold steadied on Wednesday as the dollar softened, but was still trading around a 5-1/ 2- year low hit last week as investors awaited the outcome of a Federal Reserve's meeting for cues on the timing of the first U.S. rate rise in nearly a decade. "We bounced from the low but we are little changed and waiting for the Fed's statement tonight and the...

  • BEIJING— General Motors Co.' s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell 0.5...

  • *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares climbed on Wednesday, lifted by strong corporate results and bid activity including a move HeidelbergCement to take control of Italcementi. In Europe, Italcementi jumped up around 50 percent on Wednesday after HeidelbergCement agreed to buy control of it.

  • There was never a firm date for the launch of the "bond connect", but exchange officials in China and Hong Kong had talked about getting it off the ground as early as next year. A spokeswoman for the Hong Kong Monetary Authority, which oversees the Hong Kong bond market, said the HKMA could not comment because the bond connect proposal was in a preliminary stages.

  • SHANGHAI/ HONG KONG, July 29- Chinese shares bounced back more than 3 percent on Wednesday, as Beijing's latest efforts to prop up values restored a measure of stability to its unruly stock market. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator announced probes into share "dumping" and pledged to buy stocks...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, to 3,930.4, while the Shanghai Composite Index gained 3.4 percent, to 3,789.2 points. Among the most active stocks in Shanghai were China Shipbuilding, up 10 percent to 13.94 yuan and Bank of China, down -0.64 percent to 4.64 yuan. Total volume of A shares traded in Shanghai...

  • NEW YORK— U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. "Yeah, the economy is improving, but they are not really saying that the economy is taking off here," said Tom di Galoma, head of rates trading at ED&F Man Capital. There are several reasons why the Fed...

  • *Asia shares tentatively higher, helped by Wall Street rally. The steadier tone was enough to lift Australia's main index 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Japan's Nikkei eased 0.3 percent, hit by sharp falls in Fanuc Corp and Tokyo Electron.

  • BEIJING/ SINGAPORE, July 29- Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/ 2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil. Traders and company officials say Iran has little choice but to target China to buy the crude known as...

  • SHANGHAI, July 29- China's yuan inched up against the dollars on Wednesday as some corporate clients sold dollars after the central bank set the official guidance rate slightly firmer, traders said. The People's Bank of China set the midpoint rate at 6.1150 per dollar prior to market open, 0.01 percent firmer than the previous fix at 6.1154.

  • HONG KONG, July 29- China stocks fell for a fourth day on Wednesday but losses were more subdued than earlier in the week after Beijing reiterated its determination to stabilise its wild equity markets. But China CSI300 stock index futures for August fell 1 percent to 3,646.4, or 150.37 points below the current value of the underlying index, pointing to...

  • SHANGHAI, July 29- Chinese shares fell for a fourth consecutive day on Wednesday, but the declines were modest as Beijing's efforts to prop up values appeared to have brought a measure of stability to its unruly stock market. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator pledged to buy shares to calm the...

  • HONG KONG, July 29- The bull run in China's share markets that collapsed last month drove a 36 percent rise in global equity trading volumes during the first half of 2015, according to data released on Wednesday. Share trading on the Shanghai and Shenzhen exchanges jumped 166 percent during the first half compared with the second half of 2014, the World...

  • SHANGHAI, July 29- Beijing may be struggling to put a floor under its tumbling stock market but it has managed to lock the yuan into an incredibly tight band against the dollar, despite pledging again to allow more exchange rate volatility. The cabinet said last week that Beijing would allow the yuan to fluctuate more to support weak exports.

  • *Asia shares edge up after bounce on Wall St. SYDNEY, July 29- Asian shares attempted a rebound on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.5 percent.

  • *Investors shrug off China's falling stocks. NEW YORK, July 28- U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China's equities sell-off and took buying cues from earnings and mergers news. "The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael...