BUSINESS >> Markets

Yuan edges off 13-month low

China's yuan inched up slightly and consolidated around the key 6.8 per dollar level on Wednesday, even though the central bank further cut the official midpoint fix to the lowest level since June 2017.
Source: Reuters-Global Times | 2018/7/25 17:33:43

Shanghai rebar prices rise for 3rd day on demand hopes, pollution crackdown

China's construction steel rebar prices gained for a third consecutive session on Wednesday, amid expectations of higher demand and lower supplies following the country's crackdown on pollution.
Source: Reuters-Global Times | 2018/7/25 17:33:42

Stocks fall slightly on investor breather

Major shares on the Chinese mainland ended slightly lower on Wednesday, as investors took a breather after three straight days of solid gains.
Source: Global Times - Reuters | 2018/7/25 17:33:40

Nigeria's First Bank to promote China-Nigeria ties with currency swap agreement

First Bank of Nigeria will make better use of the Nigeria-China currency swap agreement to promote the relationship of the two countries and increase business opportunities, an official said on Monday.
Source: Xinhua-Global Times | 2018/7/24 17:48:39

Global bonds unsettled by Japan central bank's tightening talk

Global bond markets were under strain on Tuesday amid talk of central bank tightening and the risk of a robust reading on US economic growth later in the week.
Source: Reuters-Global Times | 2018/7/24 16:58:40

Shares rise to 1-month high on stimulus hope

Blue chips on the Chinese mainland rose to a one-month high as the State cabinet vowed to pursue a more “vigorous” fiscal policy in a fresh sign that authorities are set to further loosen monetary conditions to support growth.
Source: Reuters-Global Times | 2018/7/24 16:58:40

Yuan drops to 1-year low amid worsening trade woes

The Chinese yuan dropped further on Tuesday, reaching lows not seen since July 2017, as capital flees the Chinese currency due to monetary policy and uncertainty on trade.
Source: Global Times | 2018/7/24 15:23:39

US oil prices fall amid global trade tension concerns

Oil prices settled lower on Monday as traders worried that global trade tensions could hurt economic growth and reduce oil demand.
Source: Xinhua | 2018/7/24 9:43:38

Possible currency war will hurt all Yuan's decline not 'manipulation'

China on Monday dismissed recent claims from US officials that suggested China has been deliberately devaluing its currency to gain advantage in exports, saying such accusations are baseless and could lead to a currency war that would further hurt both countries and the global economy.
Source: Global Times | 2018/7/23 20:04:57

Chinese steel futures rise after Tangshan curbs kick in

China's steel futures rose on Monday and were headed for a third session of gains in four on concerns of tight supply, as the top steelmaking city of Tangshan in North China's Hebei Province started six weeks of further production cuts.
Source: Reuters-Global Times | 2018/7/23 16:48:40

Stocks end higher, but vaccine scandal caps gains

Major stocks on the Chinese mainland rose on Monday as banking and industry sectors climbed, but a slump in healthcare shares amid a vaccine scandal capped the gains.
Source: Reuters-Global Times | 2018/7/23 16:48:40

Energy giants pump more gas, raise profits

The world's largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions.
Source: Reuters-Global Times | 2018/7/23 16:48:40

Mainland stocks up on liquidity situation

Chinese mainland stocks ended last week higher, bolstered by strong gains in financial shares on Friday, amid rising expectations of an improved liquidity situation in the country.
Source: Global Times | 2018/7/22 17:43:39

Sensing risks, China's securities regulator moves to limit short-term bond funds

China's securities watchdog is urging mutual fund managers to reduce the size of a type of short-term bond fund that has thrived on investors' flight to safety, amid growing concerns of the quality of underlying assets.
Source: Reuters-Global Times | 2018/7/22 17:38:40

China steps up rules on wealth, asset management

China released draft rules and guidelines to strengthen regulations of financial institutions' wealth management and asset management businesses, the latest step by the country to fend off systemic financial risks.
Source: Reuters-Global Times | 2018/7/22 17:38:40

China approves one IPO application

China's top securities regulator has approved the IPO applications from a company in the A-share market.
Source: Xinhua | 2018/7/21 19:23:20

China's stocks, yuan rebound

Chinese financial market survived a roller coaster ride on Friday as Chinese stocks recovered sharply from a five-day bear run, and the yuan bounced back from a one-year low.
Source: Reuters-Global Times | 2018/7/20 21:18:40

Largest oil shipment sent from Canada to Guangdong since 2015

An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data showed.
Source: Reuters-Global Times | 2018/7/19 17:08:51