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Breaking News Tue, 9 Mar 2010
A trader works on the floor of the New York Stock Exchange, Feb. 23, 2009. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor's 500 index logged its lowest finish since April 11, 1
(photo: AP / Richard Drew)
Wall Street Shares Move Within a Narrow Range
The New York Times
| Shares traded within a tight range Tuesday, a year after major market indexes hit 12-year lows. | With little in the way of economic reports or earnings to help drive shares higher, investors are taking a breather after major indexes rose the past few weeks. | Stocks have surged over the last year...
Shanghai has been a political hub of China since the 20th century. The 1st National Congress of the Communist Party of China was held in Shanghai. In addition, many of China's top government officials in Beijing are known to have risen in Shanghai in the 1980s on a platform that was critical of the extreme leftism of the Cultural Revolution, giving them the tag "Shanghai Clique" during the 1990s.
(photo: Creative Commons / Naus)
US ponders China's Southeast Asian rise
Asia Times
| By Peter J Brown | The United States-China Economic and Security Review Commission (USCC) last month held a lengthy hearing on China's activities in Southeast Asia and the implications for US interests in the strategic region. The USCC was addressed by five members of the US Congress, a pair of se...
China to tighten monitoring on non-banking financing
China Daily
| BEIJING - China would step up work to monitor non-banking financing, said the China Banking Regulatory Commission (CBRC) Tuesday in a statement on its website. | More focus would be put on businesses in connection with trust companies and the real...
Good news ahead for job hunters
Hong Kong Standard
Employers are set to hire more people in the coming few months, a survey has revealed. | //--> Wednesday, March 10, 2010 | Employers are set to hire more people in the coming few months, a survey has revealed. | Human resources firm Manpower's employ...
Bloated SFC seeks fallout-free HQ
Hong Kong Standard
The rapid growth of the Hong Kong stock market has bloated the Securities and Futures Commission's reserve fund to the point where it has been required to "relieve the flood" by the introduction of imminent fee reductions. | //--> Wednesday, March 10...
Grads downgraded
Hong Kong Standard
Starting salaries for university graduates joining the civil service are likely to be cut by about HK$2,000 a month. | //--> Scarlett Chiang | Wednesday, March 10, 2010 | ADVERTISEMENT | Starting salaries for university graduates joining the civil se...
In this April 22, 2009 photo, a JPMorgan Chase & Co. office building is shown in New York.
AP / Mark Lennihan
China deals to rise, new energy in focus -JPMorgan
The Guardian
HONG KONG, March 9 (Reuters) - JPMorgan expects to see more deals and new business in China this year, particularly as new energy and natural resources companies aim to go public t...
A teller counts Chinese yuan notes at a money exchange in Hong Kong Thursday, July 21, 2005. China said it will no longer peg its currency, the yuan, to the U.S. dollar but instead let it float in a tight band against a basket of foreign currencies. The yuan has been strengthened, effective immediately, to a rate of 8.11 to the U.S. dollar - compared to the 8.28 it has been set at for more than a decade - and the new trading regime will begin Friday, the government said in an announcement on state televi
AP / Vincent Yu
China calls US Treasuries important, may buy gold
The Times Of India
BEIJING: China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market on Tuesday but said it would be wary of adding to its gold...
 AIA Insurance , offers a comprehensive range of insurance product and services, life insurance southeast asia. financial planer. tp1
WN/Theresa
Prudential scrambles for float as AIA deal hangs in balance
The Times
| Prudential was racing last night to complete a Hong Kong listing for its shares amid renewed doubts that investors would approve its record $35.5 billion acquisition of AIA, the ...
Oil settles lower, ending brief rally
The Examiner
Comments NEW YORK (Map, News) - Oil prices trimmed some early losses, but still ended lower Tuesday, after rising steadily since the end of last week. | Benchmark crude for April delivery lost 38 cents to settle at $81.49 per barrel on the New York M...
Massey prepares to ship coal to China
The Examiner
Comments CHARLESTON, W.Va. (Map, News) - Massey Energy Co. is preparing its first metallurgical coal shipment to China as part of its efforts to capitalize on growing demand from Asian steelmakers, an executive with the Virginia-based mine operator s...
Eximbank joins GlobePass card network
The Saigon Times
HCMC – Vietnam Export Import Commercial Bank, or Eximbank, on Monday officially joined Japan’s GlobePass Alliance, allowing cardholders of the bank to enjoy international payment benefits when traveling abroad. | GlobePass, established in October...
Stock market
An investor studies the latest shares prices through an electronic board at a stock market gallery in Kuala Lumpur, Malaysia, Friday, July 22, 2005.
(photo: AP / Andy Wong)
Asian stocks mixed after lackluster US finish
The Boston Globe
| HONG KONG-Asian stocks were mixed Tuesday, taking a breather after sharp gains the day before as investors awaited more clues about the health of the world economy. | A number of markets were little changed, fluctuating in line with Wall Street's mixed finish. Oil prices fell modestly, while the dollar weakened against the yen and strengthened ag...
Chinese Yuan
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(photo: WN/Patricia)
China reaffirms to keep yuan basically stable
China Daily
| BEIJING - China will keep the exchange rate of the renminbi, or the country's currency yuan, basically stable at a reasonable and balanced level, Yi Gang, vice governor of China's central bank, said Tuesday. | China will stick to the "established policy" of "steadily advancing the convertibility of yuan under capital accounts" despite the rising ...



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