Archive for the ‘Finance’ category
EU finance ministers agree to offer aid to Ireland after Dublin’s request
Photo taken on Nov. 21, 2010 shows the flag of the European Union (R) and the Irish national flag on the top of the Government Buildings, in Dublin, Ireland, Nov. 21, 2010. (Xinhua/Zeng Yi) BRUSSELS, Nov. 21 (Xinhua) — European Union finance ministers on Sunday welcomed Ireland’s request for financial assistance from the EU and [...]
Ireland, EU agree on financial rescue package
Irish Prime Minister Brian Cowen, left, and The Minister for Finance, Brian Lenihan speak to the media at government buildings, Dublin, Ireland, Sunday, Nov. 21, 2010. (Xinhua/AFP) DUBLIN, Nov. 21 (Xinhua) — Irish Prime Minister Brian Cowen on Sunday night confirmed the European Union (EU) has agreed to the Irish government’s request for a financial [...]
China stocks close up Thursday, led by coal miner shares
BEIJING, Nov. 18 (Xinhua) — Chinese equities staged a rebound Thursday as shares of coal miners drove the benchmark Shanghai Composite Index 0.94 percent higher to close at 2,865.45, up 26.6 points. The Shenzhen Component Index closed up 1.92 percent, or 228.65 points, to end at 12,146.15. Combined turnover was 235.5 billion yuan (35.5 billion [...]
No new measures to halt dollar’s fall: Brazilian minister
RIO DE JANEIRO, Nov. 17 (Xinhua) — Brazilian Finance Minister Guido Mantega said Wednesday that no further measures were necessary to halt the fall of the U.S. dollar against the Brazilian real. Mantega said the value of the Brazilian real is now at a reasonable level, with the exchange rate closing at 1.726 reais [...]
HK stocks rebound as heavyweights gain
A pedestrian walks past an electronic panel displaying the Hang Seng Index in Hong Kong, south China, Nov. 18, 2010. Hong Kong stocks rose 422.93 points to finish at 23,637.39 points Thursday. (Xinhua/Lui Siu Wai) HONG KONG, Nov. 18 (Xinhua) — Hong Kong stocks spiked on Thursday after a nearly 6 percent drop of the [...]
Nikkei closes above 10,000 for first time in five months, financials gain
A man walks past a stock board outside a brokerage in Tokyo November 18, 2010. Japan’s Nikkei jumped more than 2 percent to close above 10,000 for the first time since late June on Thursday as a fall in the yen against the dollar attracted strong fund inflows from overseas to bolster financial shares. (Xinhua/Reuters) [...]
GM edges 3.6 percent higher on debut in Wall Street
General Motors Co. CEO Dan Akerson (4th R, front) smiles while ringing the opening bell in celebration of the company’s initial public offering at the New York Stock Exchange, on Nov. 18, 2010. General Motors Co. returned to Wall Street on Thursday after it filed for bankruptcy protection 18 months ago. Shares of GM opened [...]
China stocks close higher on Friday
BEIJING, Nov. 19 (Xinhua) — China’s stocks closed up Friday as heavyweights drove the benchmark Shanghai Composite Index 0.81 percent higher to close at 2,888.57, up 23.11 points. The Shenzhen Component Index closed up 1.23 percent, or 149.7 points, to end at 12,295.85. Combined turnover rose to 295.43 billion yuan (44 billion U.S. dollars) from [...]
Nikkei briefly hits fresh five-month high in morning trade
TOKYO, Nov. 19 (Xinhua) — The Nikkei index briefly hit a fresh five-month high Friday, buoyed by overnight gains on the Wall Street. The benchmark Nikkei-225 index gained 60.92 points, or 0.61 percent, from Thursday to 10,074.55. The index briefly rose as high as 10,130.23, the highest intraday level since June 22. The broader Topix [...]
IED blast kills NATO soldier in S Afghanistan
KABUL, Nov. 19 (Xinhua) — A soldier with the NATO-led International Security Assistance Force (ISAF) was killed Friday in an Improvised Explosive Device (IED) strike in southern Afghanistan, the military alliance said. “An International Security Assistance Force service member died following an improvised explosive device attack in southern Afghanistan today,” the ISAF said in a [...]