Tag: China

Wednesday, August 12th 2015 - 15:18 UTC
China's devaluation triggers fears of a new round of currency wars

China's shock 2% devaluation of the Yuan pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support China's slowing economy and exports.
Tuesday, August 11th 2015 - 08:18 UTC
China devalues the currency in support of its struggling export sector

China has moved aggressively to devalue its currency in a bid to support its struggling export sector as the economy shows further signs of weakness on the way to reporting its slowest annual pace of growth in 25 years. The People's Bank of China surprised the market on Tuesday weakening the fix on its daily reference rate for the Yuan by a record 1.9%.
Thursday, August 6th 2015 - 08:11 UTC
NIESR 2015 global economic growth forecast lowered from 3.2% to 3%

Global economic growth will slow this year to the lowest rate since the financial crisis, according to the National Institute of Economic and Social Research (NIESR). The think tank cut its 2015 forecast to 3.0% from the 3.2% it predicted in May.
Tuesday, August 4th 2015 - 05:18 UTC
Oil glut and China's poor manufacturing data reflected in global markets

United States stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Energy stocks were the biggest losers among the main S&P sectors, recording their worst three-day decline in seven months. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses.
Monday, August 3rd 2015 - 13:44 UTC
China's factory activity shrinks the most in two years

Factory activity in the world's second largest economy, China, shrank the most in two years in July as new orders fell more than expected. The private Caixin/Markit manufacturing purchasing managers' index (PMI) dropped to 47.8 in July from 49.4 in the previous month.
Tuesday, July 28th 2015 - 07:00 UTC
Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity

Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.
Monday, July 20th 2015 - 07:37 UTC
Dairy prices forecasted to continue falling as Southern hemisphere milking season takes off

New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from number one buyer China, threatens to snuff out the country’s “white gold rush.”
Wednesday, July 15th 2015 - 06:33 UTC
Relief from China as economy expands 7% in second quarter from a year ago

Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.
Tuesday, July 14th 2015 - 06:52 UTC
China's exports in June rise, but imports fall for the eighth month running

Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).
Friday, July 10th 2015 - 07:08 UTC
China becomes main importer of Uruguayan and Argentine frozen beef

China has become the largest importer of frozen Argentine beef, according to the latest data released by the Industry and Trade of Meat and Meat Produce Association (CICCRA). However these figures are far from neighboring Uruguay which in four months shipped to China almost 50.000 tons, that has become the country's leading market.