Business

U.S. Chipmakers Sees Doom On China’s Economic Crisis

Adelyn Torralba   | Jul 10, 2015 09:09 AM EDT

China's failing economy is worrying some U.S. chip makers because of their potential to lose business on the second largest economic zones worldwide. read more

BRICS Leaders Launch New Development Bank during Summit in Russia

Kwao Peppeh   | Jul 10, 2015 06:31 AM EDT

The leaders of Brazil, Russia, India, China and South Africa (BRICS) on Thursday launched a new bank that experts say could challenge the World Bank as the chief international lending institution. read more

Chinese Regulators Latest Move: Major Stockholders Forbidden from Selling Shares

Benjie Batanes   | Jul 09, 2015 07:00 AM EDT

Chinese regulators issued a new ruling on Wednesday prohibiting stockholders who own more than five percent shares in a corporation from selling them within the next six months. Authorities hope that the latest directive can at least pare down the selling frenzy in the Chinese stock market. read more

Investors Continue Selling, Efforts to Shore Up Chinese Stocks Fail

Benjie Batanes   | Jul 08, 2015 07:04 AM EDT

China's stock markets continued to lose value as soon as trade opened on Wednesday. A series of incentives and the filing of charges against market manipulators has failed to calm investors who are still selling their Chinese shares in droves. read more

Chinese Regulators Cap Daily Trade On the CSI 500 Futures Index

Benjie Batanes   | Jul 07, 2015 11:13 AM EDT

Chinese regulators announced on Monday that the daily trade volume in the CSI 500 Futures Index will be reduced in hopes of keeping China's Stock markets from slipping further. read more

China Reveals Candidate for AIIB Presidency

Benjie Batanes   | Jul 07, 2015 10:30 AM EDT

The Chinese government announced on Monday that the secretary-general of Asian Infrastructure Investment Bank (AIIB) Jin Liqun is the formost candidate to fill the post of AIIB President. read more

China Economy News: Russian Crisis Puts China at an Advantage

Adelyn Torralba   | Jul 06, 2015 10:15 AM EDT

Russia’s failing economic structure is giving China the advantage of expanding their economic market in the embattled region. read more

China's Internet Plus Plan to Reinvigorate Economy

Benjie Batanes   | Jul 06, 2015 11:15 AM EDT

Internet Plus is China's working blueprint that will combine the internet with other sectors of the Chinese economy. The idea was first announced last March and the subject has been brought up again this Saturday, July 4. read more

Latest Casualties in Chinese Stock Market's Fall: 28 Firms Withdraw IPO Launch

Benjie Batanes   | Jul 06, 2015 09:00 AM EDT

A report by the country's exchange officials published on Saturday said that a total of 28 companies have withdrawn their initial public offerings (IPO) from the Chinese stock market mainly because of the market's bearish condition. read more

China's Falling Stock Exchange to be Rescued by Additional Investments

Benjie Batanes   | Jul 06, 2015 06:46 AM EDT

A state-owned financial company plans to rescue China's stock exchange by raising capital to buy Chinese stocks, according to the authorities who made the announcement on Sunday. read more

Chinese Stock Brokerage Firms to Invest $19.3 Billion to Calm Market

Benjie Batanes   | Jul 04, 2015 08:19 AM EDT

During a meeting on Saturday, Chinese stock brokerage firms have promised to pump at least $19.3 billion (roughly 120 billion yuan) of their own funds to help calm the stock market, which has lost almost a third of its value since the middle of June. read more

Shanghai Futures Exchange Approval of Norilsk Brands Pulled Nickel Prices Down

Eana Maniebo   | Jul 03, 2015 02:16 PM EDT

Nickel has slid once again upon Shanghai Futures Exchange's (ShFE) approval of three nickel brands for delivery against its contracts, giving it a six-year-low record that aggravates its reputation among investors and market players. read more

China Stocks Fall as Regulators Launch Investigation into Allegations of Manipulation

Benjie Batanes   | Jul 03, 2015 06:59 AM EDT

Chinese authorities on Thursday announced that they will look into allegations that the recent losses suffered by the stock market may have been caused by price manipulations conducted by some unknown persons or organizations. read more

China Permits Pension Funds to Invest in Stocks

Benjie Batanes   | Jul 02, 2015 07:14 AM EDT

China's central government has given its permission for pension funds to buy stocks in the hope that the fresh influx of money can reinvigorate the battered stock market. Authorities released the related guidelines on Monday. read more

Asian Stock Markets Advance – Except China Despite Incentives

Benjie Batanes   | Jul 02, 2015 04:51 AM EDT

Stocks markets across Asia were in positive territory as of Wednesday, July 1, in spite of the lingering Greek debt crisis. However, the Shanghai Stock Index was down by around five percent despite additional incentives provided from the government. read more

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