BUSINESS >> Markets

US drilling rigs increase despite sharp drop of oil prices this week

The number of active drilling rigs in the United States increased by two this week to 1,054, or 102 more than that this time last year, showed weekly data collected by Baker Hughes released Friday.
Source: Xinhua | 2018/7/15 7:07:57

PBC restarts open market operations to boost liquidity

China's central bank restarted reverse repo on Thursday to offset the impact of maturing securities, after halting such operations for five consecutive working days.
Source: Xinhua - Global Times | 2018/7/12 20:28:41

Alaska still bullish on China gas partnership

Alaska officials said they remain confident that China will help the state achieve its decades-old dream of building a pipeline to carry now-stranded natural gas from the North Slope to markets, despite growing US-China trade tensions.
Source: Reuters-Global Times | 2018/7/12 17:18:40

Stocks end higher, aided by tech shares

Chinese mainland stocks rebounded from heavy losses on Thursday, bolstered by tech shares as the US is set to lift its ban on ZTE Corp.
Source: Global Times | 2018/7/12 17:18:40

Chinese soybean import forecast cut in face of trade war

China on Thursday cut its forecast for soybean imports for the 2018/19 crop year, warning that higher prices due to the trade conflict with the US would curb demand as farmers switch to alternative ingredients for their animal feed.
Source: Reuters-Global Times | 2018/7/12 17:18:40

Citigroup gets ready for Asia investment surge with new China desk

Citigroup Inc will set up a China business desk in India within the year, betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow over the impact of the China-US trade war.
Source: Reuters-Global Times | 2018/7/11 17:43:06

Top Chinese steelmaking city in Hebei Province set to reduce output over summer

Tangshan, China's top steelmaking city located in North China's Hebei Province, has ordered steel mills, coke producers and utilities to cut output further this summer, according to a document from the city's government, the latest step to curb smog in one of the country's most polluted areas.
Source: Reuters-Global Times | 2018/7/11 17:43:06

Stocks, yuan drop on US tariffs move

The Chinese yuan, stocks as well as US futures all slid on Wednesday, after US President Donald Trump fired another shot in the ongoing trade row with China, intensifying the market's risk avoidance emotions.
Source: Global Times | 2018/7/11 17:38:40

Kenya's horticulture sector eyes Chinese market to boost revenues

Kenya's horticulture sector is seeking to increase sales in the Chinese market in order to boost revenues, the industry said on Tuesday.
Source: Xinhua | 2018/7/11 9:03:15

China's unicorn funds launch but attract lukewarm interest

Once marketed with great fanfare as an “epoch-making gala for investors,” China's six “unicorn” funds have quietly begun operations – alongside Xiaomi Corp's lackluster Hong Kong debut – after raising just one-third of their original targets.
Source: Reuters-Global Times | 2018/7/10 16:48:40

Authorities to rectify online financial sector

Chinese authorities are beefing up efforts to regulate the financial internet sector to help stabilize a market that is witnessing the collapse of many peer-to-peer (P2P) lenders, an expert said on Tuesday, adding that such efforts have been successful so far as troubled platforms are on the way to recovery.
Source: Global Times | 2018/7/10 16:48:40

Mainland stocks take a breather after rebound

Chinese mainland stocks reversed early losses and ended higher on Tuesday after a strong rebound in the previous session, despite trade war concerns.
Source: Reuters-Global Times | 2018/7/10 16:48:39

Online finance sector to be regulated

Chinese authorities will spend one to two more years strengthening regulation on the online finance sector and establishing an industrial regulatory system, the People's Bank of China (PBC), the country's central bank, said on Monday.
Source: Global Times | 2018/7/9 19:58:40

Chinese forex reserves rebounded in June

China's foreign exchange reserves stood at $3.11 trillion at the end of June, up 0.05 percent from May, official data showed on Monday.
Source: Agencies | 2018/7/9 19:23:39

Third of sovereign funds to cut equity holdings

Over one-third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco showed.
Source: Reuters-Global Times | 2018/7/9 17:28:39

Stocks rebound as market awaits next tariff moves

Chinese mainland stocks rose on Monday despite heightened trade tensions between China and the US, after each imposed major tariffs on the others' goods last week and as investors nervously await more policy action.
Source: Reuters-Global Times | 2018/7/9 17:23:40

Shanghai steel rebar prices inch up on falling stockpiles

China's construction steel rebar futures rose on Monday on falling inventories and potential stimulus plans, with focus shifting back to market fundamentals and away from the festering Sino-US trade war.
Source: Reuters-Global Times | 2018/7/9 17:23:40

US-China trade dispute reveals three conflicts of views: Chinese ambassador

Chinese Ambassador to Britain Lib Xiaoming said that the US-China trade dispute poses a severe challenge to the world economic order and reflects three conflicts of views between the two countries.
Source: Xinhua | 2018/7/9 16:43:12