Archive for the ‘Finance’ category
Chinese premier says no basis for drastic currency appreciation
Chinese Premier Wen Jiabao gives a speech at a welcoming banquet hosted by U.S. friendly organizations in New York on Sept. 22, 2010. (Xinhua/Huang Jingwen) NEW YORK, Sept. 23 (Xinhua) — Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency. During a [...]
Economic concerns beat Wall Street in late-day slide
A trader works on the floor of the New York Stock Exchange September 23, 2010. U.S. stocks closed lower after a final-hour slide on Thursday as a series of economic reports from European and U.S. markets weighed down market sentiment. (Xinhua/Reuters Photo) NEW YORK, Sept. 23 (Xinhua) — U.S. stocks closed lower after a final-hour [...]
Global regulating system required to solve financial crisis: Spanish FM
Spanish Foreign Minister Miguel Angel Moratinos (R) speaks during a news conference in Madrid, capital of Spain, May 26, 2010. (Xinhua File Photo) UNITED NATIONS, Sept. 25 (Xinhua) — The lesson learned from the ongoing economic crisis is that the development of the international markets needs not only the invisible hand, but also a global [...]
China’s stocks close down Tuesday
BEIJING, Sept. 28 (Xinhua) — Chinese equities closed lower Tuesday with the benchmark Shanghai Composite Index down 0.63 percent, or 16.61 points, to close at 2,611.35. The Shenzhen Component Index dropped 1.19 percent, or 135.33 points, to end at 11,274.49. Special Report: Global Financial Crisis
Australia’s new home sales fall in 4th straight month in August
SYDNEY, Sept. 29 (Xinhua) — The sales of new homes in Australia fell by 2.6 percent to 6,887 in August, the Housing Industry Association (HIA) said in a statement on Wednesday. The fall followed a 7.1 percent drop in July and brought the decline since April to 19.7 percent. Sales in August were 20.5 percent [...]
China’s stocks close down Wednesday
BEIJING, Sept. 29 (Xinhua) — Chinese equities closed lower Wednesday with the benchmark Shanghai Composite Index down 0.03 percent, or 0.68 points, to close at 2,610.68. The Shenzhen Component Index dropped 0.45 percent, or 50.62 points, to end at 11,223.86. Special Report: Global Financial Crisis
Gold settles atop 1,300 USD per ounce
Graphics shows the prices of gold in the past 12 months. The most active gold contract for December delivery rose 9.7 dollars, or 0.7 percent, to finish at a record settlement of 1,308.3 dollars per ounce on the New York Mercantile Exchange on Sept. 28, 2010. (Xinhua/Meng Lijing) CHICAGO, Sept. 28 (Xinhua) — Gold futures [...]
Japanese stocks rebound on positive business sentiment
TOKYO, Sept. 29 (Xinhua) — Japanese stocks rebounded Wednesday on a better-than-expected Tankan business sentiment survey results. The benchmark Nikkei-225 index gained 63.62 points, or 0.67 percent, from Tuesday to 9,559.38. The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 4.32 points, or 0.51 percent, to 846.97. Trading volume [...]
Gold closes above 1,310 dollars as U.S currency slips
A worker picks golden ring for customers at a shop in Qionghai, south China’s Hainan Province, Sept. 27, 2010. (Xinhua/Meng Zhongde) CHICAGO, Sept. 29 (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile edged higher and settled atop 1,310 U.S. dollars per ounce for the first time on Wednesday after choppy [...]
Dow finishes best September in 71 years on down note
Traders work in the New York Stock Exchange in New York, the United States, Sept. 30, 2010. The Dow Jones industrial average scored both the best September and the best third quarter in more than seven decades, although major indexes finished the session on a down note on Thursday. (Xinhua/Shen Hong) NEW YORK, Sept. [...]