Hong Kong ranks 6th in global forex market
Hong Kong remained sixth in the global foreign exchange market, the Hong Kong Monetary Authority said Wednesday, citing the Bank for International Settlements triennial survey.
China to advance home services industry development
Chinese government Wednesday announced guidelines designed to boost the development of home services industry across the country, vowing financial support and tax cuts.
Hong Kong ranks 6th in global forex market
Hong Kong remained sixth in the global foreign exchange market, the Hong Kong Monetary Authority said Wednesday, citing the Bank for International Settlements triennial survey.
China's listed banks first-half net profit up 46 pct
China's listed banks reported a 45.67-percent rise in combined net profits year on year during the first half. Combined net profits of the 16 listed banks reached 343.4 billion yuan, according to figures in their first-half business reports released by the banks.
China cannot afford to overlook woes in wake of financial crisis
Some western commentators have said China has benefited from the international financial crisis; however China is in an unenviable position as it must quickly adjust its production model to remain competitive given the world has changed from two years ago.
UBS AG went from last to third in equity sales and trading revenue last quarter among the world¨s largest investment banks, passing Goldman Sachs Group Inc. and JPMorgan Chase & Co. along the way.
The Consumer Confidence Index came in at 50.4 in July, a steeper-than-expected decline from the revised 54.3 in June, according to a survey the Conference Board. The decline follows last month's decline of nearly 10 points, from 62.7 in May, and is the lowest point since Febru...
Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery. Single-family house prices remain 29.1 percent below peaks four years ago...
BP Plc's newly named chief executive on Tuesday called the Gulf oil spill a "wake-up call" for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.
Lawmakers negotiated behind closed doors late into the evening Thursday, seeking a compromise on a contentious Wall Street restriction that would force large bank holding companies to spin off their lucrative derivatives business.
Chinese (嶄猟井)
