China's central bank is preparing to raise reserve requirements for yuan deposits in clearing banks, in a bid to stem selling pressures.» Read More
*FX deposits in China hit record high every month since last October. During the same period, the People's Bank of China and state-controlled banks began selling off dollars from time to time, reversing a decade-old tradition of only participating in the market as a buyer of forex and prompting speculation that a wave of capital flight from China was imminent.
Oct 2- General Electric Co is calling for a new round of inspections by airlines on its new GEnx engine on Boeing Co aircraft, with a focus on the section of the engine that failed on a 747-8 freighter in Shanghai last month.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.
Greece may be in flames, but its stock market is doing quite nicely. In fact, the gains so far this year have outpaced those in many financially stronger countries—especially China.
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.
Shares of Shanghai-listed Citic Securities, China’s largest brokerage firm, fell by 9.1 percent on Monday after rumors the company had suffered a large 2.9 billion yuan ($460 million) loss on overseas trading. But a spokesperson for the company denied the rumors.
As Gu Kailai passed the day in a Hefei detention center ahead of the most anticipated Chinese trial in decades, local sightseers flocked to Lord Bao temple, a shrine dedicated to an 11th-century official who symbolizes justice in China. The FT reports.
When Guo Shuqing became China’s top securities regulator in October, investors hoped that he would bring a reformist zeal to the job that would help break the stock market’s two-year losing streak.
The overwhelming majority opinion is that a communist government can accomplish what no other country has ever done, namely engineer a soft landing from the bursting of an immense, speculative, credit bubble. I have a different view.
Weakness in the Chinese economy might signal a few investment opportunities, but beware of getting too bearish, the “Fast Money” pros said Thursday.
Pricing the value of a state-run news provider's website is tricky business in China, especially for People's Daily Online. Caixin reports.
Bond guru Jeffrey Gundlach is the voice investors may want to listen to as we begin 2012
When people lament the cost of college, they’re usually talking about tuition. They often don't think of room and board. Now, there's a list that shows that a bed and three square meals a day aren’t cheap either.
The European debt crisis is worrisome but it is unlikely to pose a danger to major banks on the continent, Michael H. Tomalin, CEO of the National Bank of Abu Dhabi, told CNBC.
These mistakes are big, costly and spectacular. What are some of the more notable architectural failures in modern history?
Commodity bull Jim Rogers says hedge fund managers such as Jim Chanos of Kynikos Associates and Hugh Hendry of Eclectica, who have been shorting Chinese related stocks and credits, have got it wrong.
The recent slew of credit tightening measures and higher downpayment requirements for home buyers in China have begun to slow the country's red hot property market and that could lead to more small- and mid-cap Chinese property developers being taken private, presenting an opportunity for investors, according to Daiwa Capital Markets.
Foreign powerhouses from Unilever to HSBC are preparing for the launch of Shanghai's international board
India’s movie industry is the largest in the world in terms of ticket sales and movies produced. Click ahead to see who are Bollywood's top-earning celebrities.