Tag: China

Wednesday, July 8th 2015 - 09:08 UTC
Chinese markets' volatility edging 'panic sentiment', admit regulators

Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China's regulators to try and stabilize the recently volatile market.
Tuesday, July 7th 2015 - 10:00 UTC
Chinese markets volatility continue despite government measures

Chinese stocks plunged Tuesday after mixed fortunes Monday, with the benchmark Shanghai Composite Index tumbling 3.2% at opening. The Shenzhen Component Index also opened 3.4% lower and the ChiNext Index, tracking growth enterprises, opened 3.8% lower.
Monday, July 6th 2015 - 08:46 UTC
Shanghai Composite picking up strongly as fund managers buy stocks

Mainland Chinese shares surged nearly 8% on Monday despite the rest of Asian markets trading lower on Greece's rejection of austerity demands. The Shanghai Composite was up 2.6% to 3,783.69 after the government announced measures over the weekend to stabilize the tumbling stock markets.
Saturday, June 13th 2015 - 07:34 UTC
Democrats strike stunning blow to President Obama's free-trade agenda

The U.S. House of Representatives on Friday dealt a stunning blow to President Barack Obama’s free-trade agenda. A large number of Democrats in the House defied their fellow Democratic president to defeat a critical part of a legislative package, Trade Adjustment Assistance (TAA), which would have provided aid to US workers who might lose their jobs if a major Asia-Pacific trade agreement is forged.
Monday, June 8th 2015 - 13:00 UTC
China imports dropped 17.6% during May, and exports 2.5%

Exports in the world's second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country. Sales abroad fell 2.5% from a year ago in dollar denominated terms, and 2.8% in Yuan denominated figures.
Tuesday, June 2nd 2015 - 06:01 UTC
Canadian tobacco companies ordered to pay 12bn dollars for failing to warn health risks

A Canadian court has ordered three tobacco companies to pay 15.5bn Canadian dollars ($12bn), the largest award for damages in the country's history. The plaintiffs were Quebec smokers who said the firms failed to warn them of health risks associated with smoking.
Monday, May 25th 2015 - 07:21 UTC
Mexico compensates China for cancelling high-speed rail contract

Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.
Monday, May 25th 2015 - 06:25 UTC
Bachelet underlines close economic and political ties of Chile with China

Chile and China have enjoyed a positive and fruitful relationship and bilateral ties will further develop very strongly in the future, anticipated Chilean President Michelle Bachelet during an interview with Xinhua prior to Chinese Premier Li Keqiang's upcoming visit
Monday, May 25th 2015 - 06:20 UTC
Li Keqiang in Chile pledges to lift strategic partnership to a new height

Chinese Premier Li Keqiang arrived in Santiago on Sunday for an official visit to Chile, the first South American country with which China forged diplomatic ties (1970) and also the first Latin American nation with which China signed a free trade agreement.
Saturday, May 23rd 2015 - 10:27 UTC
China and Peru agree to study feasibility of transcontinental railroad

China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.