Oct 9, 2019
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China’s stocks close 1% lower as central bank fails to impress investors
China’s stocks close 1% lower as central bank fails to impress investors
SHANGHAI: China stocks closed 1 per cent lower, after an injection of more money into the system by the central bank failed to impress investors who are worried about an ongoing crackdown on high leverage trading.
China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, raising expectations that policymakers will have to take…
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Asian stocks rise as Shanghai rebounds, Nikkei 225 climbs 1.5pc, Hang Seng up 0.6%
Asian stocks rise as Shanghai rebounds, Nikkei 225 climbs 1.5pc, Hang Seng up 0.6%
TOKYO: Asian stocks jumped on Tuesday, and Shanghai bounced back from a spectacular dive the day before, after China’s monetary slowdown in the fourth quarter wasn’t as sharp as alarmed. China’s Shanghai Composite was up 2.1 percent at 3,180.76 after plunging 7.7 percent on Monday in reaction to a regulatory clampdown on brokerages financing the stock purchases of investors. Japan’s Nikkei 225…
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Hong Kong stocks dip at end, Shanghai sheds 7.70%
Hong Kong stocks dip at end, Shanghai sheds 7.70%
HONG KONG: Asian stocks mostly climbed following a rally on Wall Street and a strong pick-up in oil value. However, Shanghai has plunged almost eight per cent after regulators punished three major brokerages for rule violations. The euro continued to struggle against the dollar and yen on Monday before this week’s European Central Bank (ECB) meeting that is expected to unveil a vast bond-buying…
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107,244 vehicles sold: Ford Motor's sales in China surge 19% from previous year
107,244 vehicles sold: Ford Motor’s sales in China surge 19% from previous year
SHANGHAI: The US car-maker said Ford Motor Company and its Chinese joint ventures sold 1.11 million vehicles in China in 2014, up 19 per cent from the previous year.
Ford has said its growth in China has been constrained by a shortage of manufacturing capacity and is adding new plants in the country.
Ford makes vehicles in China in partnership with Chongqing Changan Automobile Company Limited and…
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Ecuador gains $5.3b credit line from China as oil prices fall
Ecuador gains $5.3b credit line from China as oil prices fall
SHANGHAI: China’s Export Import Bank granted Ecuador a $5.3 billion credit line after a slide in oil to 5-01/2 year low prompted spending cuts for the OPEC member.
Rafael Correa, Ecuador’s President, traveled to China this week to ask for loans to help prop up public spending after the price of crude, Ecuador’s biggest export, plunged to its lowest level since April 2009.
The government announced…
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China's Shanghai Composite sheds 0.6% by break
China’s Shanghai Composite sheds 0.6% by break
SHANGHAI: The Shanghai Composite Index (SHCOMP) decreased 0.6 percent to 2,881.28 at the 11:30 a.m. break, after increasing as much as 2.7 percent and declining 3 percent. Jiangxi Copper Co. and China Shenhua Energy Co. fell more than 4 percent to lead declines for coal and copper shares. Haitong Securities Co. and China Construction Bank Corp. jumped more than 9 percent. Bank of China Ltd. added…
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