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China ups gas prices as economy grows
April 14, 2010--China raised gasoline and diesel prices Wednesday for the first time in five months in a move reflecting Beijing’s confidence it can control inflation and keep growth strong.
The price hikes of 4 percent to 4.5 percent were in line with expectations following recent gains in global crude prices. Oil rose above $84 a barrel Wednesday in Asia, breaking a five-day slide, as rising global stock markets raised optimism over the global economic outlook.
Chi-X Global, owned by Nomura through its Instinet broking unit, is also set to launch share trading in Japan in the third quarter and has a joint venture with SGX, the Singapore exchange, to launch a pan-Asian “dark pool”. read more
Tokyo Commodity Exchange Gold Price Reached New High In 27 Years read more
Commodity Equity, Emerging Industries Indices to Be Launched read more China economist sees ‘room for talk’ on currency row read more If you are looking for a particuliar article and can not find it, please feel free to contact us
April 13, 2010--China’s four biggest publicly traded banks could face a combined capital shortfall of at least Rmb480bn ($70bn) over the next five years, according to the president of Industrial and Commercial Bank of China, the world’s biggest bank by market value.
All of China’s largest banks have announced plans in the past month to raise fresh capital to shore up their balance sheets after an unprecedented credit binge last year. But the total amounts they plan to raise fall far short of the five-year estimate of Yang Kaisheng, ICBC president .
April 12, 2010--Chi-X Global, an operator of share trading platforms, is considering pushing into Hong Kong and South Korea in a move that would pit it against established exchanges in two of Asia’s largest equity markets.
The development comes only weeks after Chi-X secured a licence to operate in Australia, breaking the monopoly enjoyed by the Australia Securities Exchange.
Source: FT.com
April 9, 2010--At Tokyo Commodity Exchange, Inc. today, the price of gold futures of the February 2011 contract hiked to 3,490 yen per gram temporarily during the day trading session. This price level is the highest since April, 1983.
‚PD Quotes for Gold Futures of February 2011 Contract on April 9 iYen per gramj
Source: TOCOM
April 8, 2010--Three indices, including the SSE Commodity Equity Index, SSE Emerging Industries Index and CSI Emerging Industries Index, will be published in due form on April 30, 2010, according to a recent announcement of the Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI).
In recent years, the wild price volatility of block commodity worldwide has brought fierce challenges to China's economic development, business operation and investors' decision-making. Closely related with the prices of block commodity, the stock prices of companies engaging in block commodity have drawn wide attention on the securities market. The preparation and development of the SSE Commodity Equity Index will not only, by showcasing the changes of stock prices of the listed companies engaging in block commodity, provide a performance comparison benchmark and analysis tool for investing in these stocks, but also reflect the anticipation of investors on block commodity prices. According to the published index scheme, the index is composed of 50 companies with large market capitalization and ample liquidity in such industries as comprehensive oil and natural gas, exploration and production of oil and gas, refining and marketing, coal, nonferrous metals, mining, chemical fertilizers and pesticides, agricultural products, forest products and paper products.
Source: Shanghai Stock Exchange (SSE)
April 5, 2010--A Chinese government economist said on Monday that the US decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
US Treasury Secretary Timothy Geithner on Saturday postponed a report due out on April 15 that could have branded China a “currency manipulator,” which in turn would ratchet up US pressure for a big appreciation in the yuan’s value, which critics says is distorting trade flows. There was no official reaction from China where Monday was a public holiday.
Source: Todays Zaman
