Lock-up shares worth around 44 billion yuan (6.88 billion U.S. dollars) will become eligible for trade on China's stock market next week.
About 2.85 billion shares from 15 companies will become tradable on the Shanghai and Shenzhen bourses, data from Southwest Securities showed.
Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of…Read more
Myanmar has delayed the launch of the country's first ever stock exchange until the first week of December for the general election scheduled in early November, the Finance Ministry said on Sunday.
The planned Yangon Stock Exchange, or YEX, was originally scheduled to debut in October but was so postponed to make way for the country's upcoming general election set…Read more
China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered tourists like Henry Lee.
Not yet, at least.
"I don't even know what the exchange rate is," the 36-year-old technology entrepreneur from Beijing admitted.
"We're just here to relax with our kids. We're not making any big purchases. I bought…Read more
U.S. stocks closed narrowly mixed on Friday, winding down several turbulent trading days with gains for the week.
The Dow Jones industrial average fell 11.76 points, or 0.1 percent, to 16,643.01. The Standard & Poor's 500 index rose 1.21 points, or 0.1 percent, to 1,988.87. The Nasdaq composite gained 15.62 points, or 0.3 percent, to 4,828.32.
Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Friday with wheat falling for a fourth straight session amid limited demand growth for wheat, while soybeans keeping rising on unfavorable weather.
The most active corn contract for December delivery was unchanged, to close at 3.75 U.S. dollars per bushel. December wheat delivery lost 6 cents, or 1.23 percent, to…Read more
British gross domestic product (GDP) grew by 0.3 percent between the first quarter and the second quarter of 2015, unrevised from the previous as well as the first estimate that was published a month ago, said the Office for National Statistics (ONS) Friday.
Exports growth lifted the economic performance of the period.
The quarterly growth pace was bigger than the…Read more
The base metals prices on the London Metal Exchange (LME) were up again on Friday following strong gains overnight.
It was underpinned by a second day of resurgent Asian equities and higher oil prices.
The sentiment was still positive, but the fundamentals hadn't changed, a market analyst said.
In the metals, the three-month unofficial copper price rose 86 U.S. dollars,…Read more
The Spanish stock market Ibex-35 rose 0.61 percent on Friday to close at 10,352.90 points, up from the 10,290.20 points of Thursday.
Share values were up 0.79 percent in the week as a whole, with Spain's risk premium falling to 132 points from the 145.6 points of Monday. Meanwhile, Spain's 10-year bond interest rate started at 2.065 percent, showing no…Read more
Top global markets ended the week Friday largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world's number two economy will drag down global growth.
After a bout of violent selloffs, the final tally for stocks was deceptively benign. US and European equity markets actually mustered gains for the week, while the Shanghai index…Read more
US stocks ended a rocky week on a muted note Friday, with the Dow dipping and Nasdaq advancing as fears about a global economic slowdown due to China tested sentiment.
The Dow Jones Industrial Average shed 11.76 points (0.07 percent) at 16,643.01.
The broad-based S&P 500 added 1.21 (0.06 percent) at 1,988.87, while the tech-rich Nasdaq Composite Index gained 15.62…Read more