According to the latest news, China’s securities regulator announced that the Asian giant will continue to allow Chinese companies to go public in the United States. However, However, they should meet the listing requirements. Remarkably, regulatory actions in the last few weeks has raised investor anxieties that China is aiming to block foreign capital flows …
China continues to allow Chinese firms to go public in U.S. Read More »
According to investment bank UBS, China’s move to cut the reserve requirement ratio (RRR) could increase markets sentiment. RRR represents the amount of money that banks must hold as a proportion of their total deposits. UBS also added that the move could be good news for stocks in certain sectors. On Friday, the People’s Bank …
China cuts the reserve requirement ratio by 50 basis points Read More »
BTCC, One of China’s longest-running cryptocurrency exchanges has shut down its Bitcoin business. The company’s decision came after China’s latest anti-cryptocurrency crackdown. BTC China, founded by Huang Xiaoyu and Yang Linke in 2011, said on Thursday that it has completely withdrawn from Bitcoin-related businesses. The company’s shares in the Singapore-registered Bitcoin exchange ZG.com were sold …
BTC China closes its business due to recent crypto crackdown Read More »
China’s rising imports of metals, grain, and other commodities increase a bulk-shipping sector at the focus of global industrial production. Daily freight rates for Capesize ships, the biggest bulk carriers, surged to an 18-month high this week at about $35,000. The Baltic Dry Index, which follows the price of moving commodities by sea, surged to …
China`s commodity imports push a boom in a dry-bulk shipping Read More »
March copper futures fell $0.012, or 0.33%, to $3.614 per pound at 13:49 GMT on Monday on the New York Mercantile Exchange. The red metal is getting off a moderate weekly increase of 0.3%. This increases its growth in the first month of the calendar year to just under 3%. Over the last 12 months, …
Copper Drops As The New Coronavirus Outbreaks In China Read More »
Countries around the world are struggling to deal with the problems created by the coronavirus pandemic. However, the world’s second-largest economy brought in more foreign direct investment than any other country in 2020. Interestingly, China brought in $163 billion in inflows last year and this fact once more underlines the strength of its economy. For …
Stocks in major Asia-Pacific markets were mostly higher on January 20, but before discussing stocks, let’s have a look at the shares of world-famous tech giant Alibaba. It is worth noting that, Hong Kong-listed shares of Alibaba jumped 8.52% following the reappearance of founder Jack Ma. As a reminder, the company’s founder appeared in a …
Shares of Chinese Tech Giant Alibaba Jumped More than 8% Read More »
Stocks in Asia-Pacific were mixed on Monday, but before discussing stocks from across the region, let’s have a look at the shares of firms related to Samsung Group. Importantly, Samsung heir Jay Y. Lee received a 2-½-year jail term. This news affected the shares of the firms related to the group. Importantly, industry heavyweight Samsung …
Investors, Chinese Economic Data, and Stocks on Monday Read More »
The world’s second-largest economy wants to become less reliant on foreign markets. Importantly, China’s commerce ministry will focus on domestic consumption this year. The trade war with the U.S. fell down the list of priorities. It is worth noting that, China is the most populous country in the world. Interestingly, last year was a good …
Today is the last of 2020, and let’s have a look at the stocks in Asia-Pacific on the last day of the year. Interestingly, stocks in Asia-Pacific were mixed as multiple markets in the region early for New Year’s Eve. Let’s start with mainland Chinese stocks. The Shanghai Composite added 1.72% to 3,473.07. At the …
Mainland Chinese Stocks Saw Gains on the Last Day of 2020 Read More »
Oil prices fell on Monday in energy commodities after the release of China’s Q3 economic growth data. It highlighted concerns that surging COVID-19 cases globally are impacting demand in the world’s largest oil importer. The world’s second-largest economy expanded by 4.9% in Q3 from a year earlier. It has missed analyst expectations of 5.2%, as …
It was a tough day for Hong Kong’s Hang Seng index. On Friday, the Hang Seng index fell to 25,727.41. As a reminder, the city suspended all schools starting from this week, due to a recent spike in coronavirus cases. Last week more precisely on Friday, Hong Kong’s Education Bureau announced the suspension of all …
FXCM announced a wider launch of its Stock Basket offering to its customers this Tuesday. The company has offered six stock baskets to its retail clients. The basket products are now available for trading by its users via its entities based in Australia and South Africa. Already, FXCM offers foreign exchange as well as cryptocurrency …
After rallying in yesterday’s trading, oil petroleum prices appearing to lose steam this Tuesday’s trading session. The two leading global benchmarks are faltering in the crude trading market now. In fact, prices are seen steadying and dipping in today’s trading. Crude contracts were first seen flatlining during the first half of today’s sessions. As of …
After a gruesome series of events for the market at the beginning of the year, traders are finally feeling relief. Oil and petroleum prices are edging up in trading sessions thanks to trade war hopes. So, once again, the focus turns to the protracted trade war between the United States and China. Fortunately, this time, …
Oil and Petroleum Edge Up, Trade Deal Back in Focus Read More »
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