Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...
Gold futures on the COMEX division of the New York Mercantile Exchange dipped slightly Friday as investors abstained from trading ahead of the three-day holiday weekend.The most active gold contract for June delivery dropped 5.2 dollars, or 0.37 percent, to settle at 1,386.6 dollars per ounce.Gold traded quietly Friday, as the US Commerce Department announced that orders for durable goods ...
Visiting Chinese Premier Li Keqiang on Friday criticized the European Union (EU) for its recent trade measures against Chinese mobile telecommunications equipment and solar panels.The measures will "harm others without benefiting oneself," Li said in a speech delivered at a luncheon with business and financial leaders.China has been actively pushing forward multilateral trade systems ...
China will steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year, a central bank report said on Friday.The central bank, or the People's Bank of China, has pledged to further optimize the credit structure to allow the financial sector to better serve the real economy, according to the report on China's financial stability.It calls ...
GOOGLE is reportedly deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast ...
Winds: From the South at 9 MPH
The Perfect Storm
"I had some misgivings about calling it The Perfect Storm, but in the end I decided that the intent was sufficiently clear. I use perfect in the meteorological sense: a storm that could not possibly have been worse." -- Sebastian Junger, from the Foreword to "The Perfect Storm" ...
* Gold boosted this week by drop in stock markets, falling dollar * Fed official dampens talk Fed policy may soon tighten * Largest physical gold fund sees fresh outflow (Recasts, updates prices, adds comment, adds to byline, dateline (prev LONDON) By Carole Vaporean NEW YORK, May 24 (Reuters) - Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. ...
Asian stocks traded mixed on Friday, with extreme volatility in Japanese shares keeping investors nervous. Japan's Nikkei index swung over 1,000 points for a second day in a row before ending notably higher on optimism over earnings growth and ...
China's bank card transactions in the first quarter totaled 100.27 trillion yuan ($16.21 trillion), up 19.34 percent from the same period last year, the country's central bank said on Friday.A total of 10.63 billion transactions were made during the January-March period and the value for the first time exceeded 100 trillion yuan in one quarter, the People's Bank of China (PBOC) ...
The Philippine stock market again closed lower on Friday due to speculation that the United States Federal Reserve will pull back on its economic stimulus programs.The bellwether Philippine Stock Exchange index declined by 0.62 percent or 45.47 points to 7,268.91, while the broader all-share index slipped by 0.44 percent or 19.93 points to 4,465.49.Trading volume reached 887.51 million shares ...
LONDON, May 24 (Reuters) - Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly ...
They Said It
We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.
The U.S. president was speaking on his administration's counter terrorism policy.
I caught a cab from the Belfast International Airport, and within about 10 or 15 minutes was at the Hilton ...Keep reading
The Boy Scouts of America National Council has resolved to accept gay members. Do you agree with this policy?
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China is planning to give a larger role to private businesses and market forces in its economy.
The move comes in a major policy shift intended to improve living conditions for the middle class and to make China a stronger competitor on the global stage.
According to the New York Times, in a speech to party cadres, Chinese Prime Minister, Li Keqiang, said the central government would reduce the state's role in economic matters this month.
He added that by this he hoped of unleashing the creative energies of a nation with the world's second-largest economy after that of the United States.
On Friday, the Chinese Government issued a set of policy proposals that seemed to show that Li and other leaders were serious about reducing government intervention in the marketplace and giving competition among private businesses a bigger role in investment decisions and setting prices.
China's leaders are under greater pressure to change as growth slows and the limitations of its state-led, investment-driven economy are becoming more evident.
This month, manufacturing activity contracted for the first time in seven months, according to an independent survey by HSBC.
According to the report, foreign investors will be given more opportunities to invest in finance, logistics, health care and other sectors. ...
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