China's U.S. treasury debt holdings up
02-20-2009
- China's treasury debt holdings in the U.S. grew by 14.3 billion U.S. dollars in December amidst speculation that it was seeking other options to deploy its nearly $1.95 trillion in foreign exchange reserves.
The nation'..
HK official: Financial protectionism worse than trade protecti..
02-20-2009
- Hong Kong Monetary Authority Chief Joseph Yam said Thursday that financial protectionism was more dangerous than trade protectionism.
"Unlike trade protectionism, financial protectionism can spread quickly, possibly le..
U.S. stocks fluctuate in light of housing plan
02-19-2009
- U.S. stocks fluctuated around November lows on Wednesday morning as the market digest the details of Obama administration's housing relief plan.
Stocks saw a big sell-off Tuesday with major indexes tumbling to 3-month ..
U.S. stocks end flat on housing relief plan, Fed's forecasts
02-19-2009
- U.S. stocks ended flat Wednesday as the market digested Obama administration's housing relief plan and the Federal Reserve's forecasts.
President Barack Obama unveiled a 75-billion-U.S.-dollar mortgage relief plan on W..
Chinese shares sink 4.7% on investors' economic concerns
02-19-2009
- Chinese equities recorded their largest one-day drop this year in falling volume Wednesday as investors worried that large gains since Jan. 1 couldn't be sustained, analysts said.
As of Monday, the index had gained mor..
China balance of payments surplus slows down in 2008
02-19-2009
- China's State Administration of Foreign Exchange (SAFE) predicted Wednesday that the country's international balance of payments remained "double surplus" in current account and capital account in 2008, but the growth ra..
China to issue 22 bln yuan long-term treasury bonds
02-19-2009
- China will issue this year's second batch of book-entry bonds worth 22 billion yuan (3.22 billion U.S. dollars) from Thursday, according to the Ministry of Finance.
The ministry said in a statement Wednesday that the i..
HK stocks rebound over 13,000 level
02-19-2009
- The Hang Seng Index rebounded from early losses to regain the 13,000 level Wednesday, after Hong Kong Chief Executive Donald Tsang said the government may take more measures to help revive the economy.
The Hang Seng In..
Local gov'ts get nod for debt issues
02-19-2009
- Chinese lawmakers will soon give the green signal to local governments for debt issuance, a move that will help finance the nation's $586 billion stimulus package.
A high-level meeting of the National People's Congress..
Chinese shares down 2.73 pct in morning session
02-18-2009
- Chinese shares in Shanghai dropped2.73 percent during Wednesday's morning session on profits taking and sharp losses on other markets including the Wall Street.
The benchmark Shanghai Composite Index lost 63.23 points ..