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| | | ... 29.04 points, to 24,164.00 and Shanghai slid 0.22 per cent, or 7.29 points, to 3,241.19, with investors subdued a day after China lowered its economics growth target for 2015. WELLINGTON - The NZX 50 Index rose 46.293 points, or 0.8 per cent, to a fresh ... |
| | | | ... couple more cuts in mind for 2015. Meanwhile, falling crude oil prices overnight, caused by US oversupply concerns and weak China growth forecasts, has hit the energy players and miners to level out the bank's gains. "The oil price got absolutely slammed ... |
| | | | ... to 4,963.51 points compared with Wednesday's close. HONG KONG - Hong Kong and Shanghai markets sank in Asian trade after China set tepid 2015 economic and trade growth targets, while the euro fell to 11-year lows ahead of a key European Central Bank ... |
| | | | Central bank surprises continue. This week started with the People's Bank of China (PBOC) surprising with a weekend announcement that it is lowering both its benchmark one-year lending rate and one-year deposit rate by 25 basis points each to 5.35% ... |
| | | | The share market is higher as miners benefit from a surprise cut to interest rates in China. Phillip Capital senior client adviser Michael Heffernan said the absence of any adverse events on overseas markets, a cut to interest rates by the People's ... |
| | | | ... target). Worries over deflation was also one of the reasons (along with property market slowdown) for the People's Bank of China's (PBOC) surprise rate cut announcement over the weekend. The PBOC cut its benchmark one-year lending rate and one-year deposit ... |
| | | | ... 24,902.06, led by gains in energy shares, while Shanghai jumped 2.15 per cent on expectations of more monetary easing in China. Expectations have been building that Chinese authorities will announce more monetary easing ahead of the annual meeting of ... |
| | | | The People's Bank of China monetary easing policies have resulted in liquidity pouring mainly into the A-share market, J.P. Morgan emerging markets equity managing director George J. Iwanicki learned in a recent trip to the country. A-shares are shares ... |
| | | | ... of softness in the metals prices last night," he said. "Copper in particular was another disappointing set of data from China." Amongst the big miners, BHP was up five cents to $32.60, Rio Tinto lifted 40 cents to $63.90 and Fortescue Metals lost seven ... |
| | | | ... property (potentially extending to residential property development). However, Eugene Chen, a special counsel and head of China practice at Hall & Wilcox, said the measures would introduce unacceptable risks for Chinese investors. "My understanding of ... |
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