Diamond cuts: India's global hub fears more job losses as China slows
This year, there`s no sign of a repeat bonanza in a city that by some estimates polishes about 80 percent of the world`s diamonds.
Sep 08, 2015, 08:12 AM IST
China announces policies to boost financial leasing
The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.
Sep 07, 2015, 20:43 PM IST
China FX reserves fall record $93.9 bn in Aug as central bank supports yuan
A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.
Sep 07, 2015, 15:09 PM IST
China policymakers try to calm investors as stocks resume trading
Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China`s securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over.
Sep 07, 2015, 11:06 AM IST
Yuan weakens despite firmer midpoint, less intervention seen
"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.
Sep 07, 2015, 09:52 AM IST
China cuts 2014 GDP growth from 7.4% to 7.3%: Govt
The National Bureau of Statistics said on its website it lowered the figure from the 7.4 percent announced in January after a "preliminary confirmation".
Sep 07, 2015, 08:13 AM IST
China emphasizes stability at G20, fiscal spending quickens
China is headed for its slowest economic expansion in 25 years in 2015 and mainland markets have slumped 40 percent since mid-June, sending global financial markets skittering.
Sep 06, 2015, 09:56 AM IST
US asks China to fast-track reforms, refrain from devaluation
As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.
Sep 05, 2015, 12:53 PM IST
Slower-than-expected April-June growth boosts rate cut calls
Many government officials in New Delhi had been talking of taking the baton of global growth in the wake of a deepening economic crisis in China.
Sep 01, 2015, 09:03 AM IST
China August factory activity shrinks at fastest pace in 3 years, services cool
A reading over 50 points signals an expansion in activity while one below that mark indicates an contraction on a monthly basis.
Sep 01, 2015, 08:44 AM IST
'Don't blame yuan devaluation for global market rout'
China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.
Aug 27, 2015, 19:37 PM IST
Watch: Is more market volatility ahead?
After a continuos rally the US stock market has entered in correction mode. Analyst, however, said that there might be a bumpy ride in next several trading sessions.
Aug 25, 2015, 18:54 PM IST
World stocks, dollar, oil extend gains after China cuts rates
The pan-European FTSEurofirst 300 index rose 4.2 percent, recouping the bulk of the 5 percent-plus it lost the previous day.
Aug 25, 2015, 16:33 PM IST
Make economy transparent, currency market-driven: US to China
The White House has urged China which is facing one of the worst financial crises in decades - to continue to pursue financial reform and move rapidly toward a more "market-determined" exchange rate system.
Aug 25, 2015, 09:25 AM IST
Apple growth still `strong` in China: CEO Tim Cook
Apple is still seeing "strong growth" in China despite fears about an economic slowdown which have sparked a global market rout, chief executive Tim Cook said Monday.
Aug 24, 2015, 23:28 PM IST
Chinese yuan strengthens
In China`s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day, Xinhua reported.
Aug 24, 2015, 08:30 AM IST
Asian stocks down as China woes unnerve markets, safe-haven yen rallies
Asian stocks and oil fell on Monday after Wall Street suffered another bruising blow as deepening concerns over the slowing Chinese economy continued to unnerve global equity markets.
Aug 24, 2015, 08:25 AM IST
Commodity markets tumble as China weakness spreads
Chinese stock indices like the CSI300 and the Shanghai Composite Index tumbled on Monday morning, also dragging on Japan`s Nikkei index as worries over slower growth in the Chinese economy intensified.
Aug 24, 2015, 08:21 AM IST
Brent and US oil mark fresh 6-1/2-year lows on China and oversupply
US October crude also had dropped 60 cents to $39.85 a barrel, after hitting $39.71 a barrel or the lowest since $39.44 in March of 2009.
Aug 24, 2015, 08:09 AM IST
China manufacturing index tumbles to more than six-year low
A key indicator of China's manufacturing activity slumped to a 77-month low in August, an independent survey showed today, fuelling concerns of further deceleration in the world's second-largest economy.
Aug 21, 2015, 12:32 PM IST