BUSINESS >> Markets

Dollar totters as US politics, Fed worries weigh

The dollar was down against most of its peers on Wednesday, pressured by a cocktail of negative factors including heightened concerns over a partial U.S. government shutdown and tensions between the White House and the Federal Reserve.
Source: Reuters-Global Times | 2018/12/26 18:03:39

Saudi crude shipment

China's crude imports from Saudi Arabia rose to 1.596 million barrels per day (bpd) in November, making the Organization of the Petroleum Exporting Countries kingpin China's largest crude supplier, figures from the General Administration of Customs showed on Monday.
Source: Reuters-Global Times | 2018/12/25 22:08:39

NDRC strives to meet targets

China will take various measures to ensure the targets outlined in the 13th Five-Year Plan (2016-2020) will be met, the country's top economic planner said on Monday.
Source: Global Times - Xinhua | 2018/12/25 19:51:28

Golden travel line

Workers dressed in local costume to celebrate the opening of high-speed bullet train linking Hangzhou, capital of East China's Zhejiang Province with Huangshan, a city in East China's Anhui Province on Tuesday. Tickets for the route, which is dubbed as the “golden travel line,” went on sale on Monday. Photo: IC
Source: IC | 2018/12/25 18:33:27

China stocks follow global sell-off on US market; financial shares help recover losses

China stocks fell over 2 percent on Tuesday morning but recovered much of the losses by the close, aided by a late rebound in financial shares.
Source: Reuters-Global Times | 2018/12/25 18:23:40

Citic Securities to take over smaller brokerage house

Citic Securities Co, one of China's largest full-service investment banks, announced the plan to take over Guangzhou Securities on Monday. An expert said that the takeover is just the beginning of a consolidation trend in the industry.
Source: Global Times | 2018/12/25 18:23:40

Dollar falls sharply amid equities rout

The dollar fell to four-month lows against the yen on Tuesday as investors cut exposure to riskier assets after Washington struggled with a partial government shutdown and open confrontation between the White House and the central bank.
Source: Reuters-Global Times | 2018/12/25 18:23:39

China cuts market access barriers nationwide

China took further steps in opening up its market to domestic and overseas investors Tuesday by rolling out nationwide a shorter negative list for market access.
Source: Xinhua | 2018/12/25 14:21:44

China's further opening up to boost global economy: US expert

China's further opening-up of its markets to foreign imports and investment will not only propel growth forward in the country but also boost the global economy, said a renowned US expert.
Source: Xinhua | 2018/12/25 14:20:57

Mainland stocks plunge following overnight US stock bloodbath

Mainland stocks headed down on Tuesday morning following an overnight bloodbath of the US stock markets.
Source: Global Times | 2018/12/25 12:06:11

Mass layoffs in Chinese internet companies hint at sector's growth toward quality and efficiency

Mass layoffs are happening in several Chinese internet companies, right before the coming Chinese New Year. Although companies denied cutting jobs and gave the explanation of optimizing business and staffing structure, former employees and industry insiders told the Global Times layoffs are real. Insiders said Chinese internet companies' development will slow down in the foreseeable future, waiting for a better business environment.
Source: Global Times | 2018/12/24 18:23:39

Waterdrop smartphone

Lin Bin, President of Xiaomi Technology, introduces Xiaomi Play smartphones during the Xiaomi new products launch event in Beijing on Monday. The new device, priced at 1,099 yuan, sporting a waterdrop like notch screen and dual rear camera setup. It signaled Xiaomi's ambition to expand its market share in low-priced market. Photo: IC
Source: IC | 2018/12/24 17:58:40

UBS gains majority control of Chinese securities joint venture

UBS, the first fully licensed foreign-invested securities firm in China, said on Monday that it has become the first foreign bank to increase its stake to gain majority control of a securities joint venture in China.
Source: Global Times | 2018/12/24 17:58:39

Stocks rise as China steps up support for economy

China stocks rose on Monday as Beijing vowed to step up support for the economy next year amid the lingering trade war with the US.
Source: Reuters-Global Times | 2018/12/24 17:53:40

Oil rises on signs low prices crimping US output

Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the US, currently the world's biggest oil producer, though concerns about the global economy continues to weigh on markets.
Source: Reuters-Global Times | 2018/12/24 17:53:39

Chinese blue-chips plumb 33-month low; external market volatility weighs

China stocks fell on Friday to end the week lower, with the blue-chip index declining to a 33-month low, amid weakness in the wider global market.
Source: Global Times - Reuters | 2018/12/23 17:33:40

Dollar rallies from post-Fed losses as American shutdown likely

The dollar gained ground on Friday as investors sought a safe haven amid persistent equity market volatility and a US government shutdown.
Source: Reuters-Global Times | 2018/12/23 17:33:39

China's first private rocket production base delivered as its answer to SpaceX

The first phase of an intelligent production base for China's private rocket firm LandSpace, seen by some as China's answer to SpaceX, has started operation, making it the first private firm to do so.
Source: Global Times | 2018/12/23 13:08:39