BUSINESS >> Markets

ChiNext Index opens lower Monda

The ChiNext Index, China's NASDAQ-style board of growth enterprises, opened 0.5 percent lower at 1,303.88 points on Monday.
Source: Xinhua | 2018/12/17 10:33:55

China Hushen 300 index futures open lower Monday

China's Hushen 300 index futures opened lower on Monday, as the contract for settlement in December 2018 opened 0.06 percent lower at 3,172 points.
Source: Xinhua | 2018/12/17 10:32:32

Chinese yuan weakens to 6.8908 against USD Monday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158 basis points to 6.8908 against the US dollar Monday, according to the China Foreign Exchange Trade System.
Source: Xinhua | 2018/12/17 10:21:44

Dollar changes hands in mid-113 yen range in early trade in Tokyo

The U.S. dollar changed hands in the mid-113 yen zone in early deals in Tokyo on Monday, largely in line with its levels late last week in New York
Source: Xinhua | 2018/12/17 9:38:17

Tokyo stocks open slightly higher on bargain hunting

Tokyo stocks opened slightly higher on Monday as investors opted to go after bargains following the Nikkei's retreat at the end of last week.
Source: Xinhua | 2018/12/17 9:37:06

Foreign investors make record purchases of Chinese sovereign bonds, drawn by safe-haven assets, easier access

The Chinese economy may be showing signs of a slowdown, but foreign investors, particularly central banks and sovereign funds, appear unconcerned as they continue to pour large sums into purchasing Chinese government bonds. And they are poised to further increase their positions as greater access to the Chinese bond market is expected.
Source: Global Times | 2018/12/16 21:18:39

China should 'defend yuan at 7 per dollar'

China should not allow the yuan to fall below 7 per dollar, or attempts to stabilize the currency will become more costly on the country's foreign exchange reserves, Sheng Songcheng, an adviser to the People's Bank of China, said on Saturday.
Source: Reuters-Global Times | 2018/12/16 19:23:39

Shop Fresh

A view of JD.com's 7Fresh, a “new retail” supermarket that combines online and offline sales, in a shopping mall in Xi'an, capital of Shaanxi Province on Sunday. The store, which opened on Sunday and also marked JD.com's first “new retail” supermarket in Northwest China, supports cutting-edge technology such as face-scanning payment. JD.com launched 7Fresh after its competitor Alibaba Group hit the market with Hema supermarket. Photo: IC
Source: IC | 2018/12/16 17:48:39

Dollar scales to 19-month peak as gloom grows

The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the US drove a strong bid for the safety of the greenback.
Source: Reuters-Global Times | 2018/12/16 17:43:40

Chinese firm halts cobalt purchases from Glencore: sources

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.
Source: Reuters-Global Times | 2018/12/16 17:43:39

Shares slump as data shows cooling economy

Chinese shares slumped on Friday after climbing up for three straight sessions, with investor worries about the state of the domestic economy rising on fresh data that showed weakening consumer sentiment.
Source: Global Times - Reuters | 2018/12/16 17:38:39

Chile's fruit exports to China hit record highs

Chile's fruit exports reached record levels in the first 11 months of the year, largely driven by Chinese consumer demand for cherries, plums and grapes, according to official sources.
Source: Xinhua | 2018/12/15 10:59:13

China's commercial banks' net profits to grow 7.1 pct in 2018: report

China's commercial banks will post sound performance in 2018, with their combined net profits likely to grow 7.1 percent year on year, the Bank of Communications forecast.
Source: Xinhua | 2018/12/15 10:13:03

US soybeans fall despite more Chinese purchases

Chicago Board of Trade (CBOT) soybean futures continued to fall, though more export sales to China were reported on Friday.
Source: Xinhua | 2018/12/15 9:26:50

China's 360 Finance makes Nasdaq debut

360 Finance, a Chinese fintech company, rang the Nasdaq MarketSite opening bell on Friday in celebration of its initial public offering (IPO).
Source: Xinhua | 2018/12/15 8:40:28

Apple to push software update in China as Qualcomm case threatens sales ban

Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Source: CGTN | 2018/12/15 8:14:31

China auto market likely to have its worst year in 2019

China's auto market will continue to see sluggish sales in 2019, with zero growth predicted for the first time in three decades, and carmakers should get prepared for the downturn that will be complicated by lower tariffs on imported vehicles, industry representatives said.
Source: Global Times | 2018/12/14 22:13:31

Beijing to cut tariffs on US cars for three months in sign of good faith

China announced on Friday it will suspend recently-imposed tariffs on US-made autos and components for three months, involving 211 items, reflecting the country's good faith in seeking solutions to the China-US trade spat that should be appreciated by the US government, Chinese experts said.
Source: Global Times | 2018/12/14 21:05:26