China

Assurance from China’s Central Bank Helps the Australian and NZ Dollar to Edge Up

Assurance from China’s Central Bank Helps the Australian and NZ Dollar to Edge UpYesterday, as China allowed the yuan to drop at the fixing the Australian and New Zealand dollars also faced the jitters.

But with some assurance from the central Bank of China that will not allow the yuan to drop to shore up the economy, both the currencies bounced back a little on Thursday.

South Korea’s First Preference is Chinese Led Consortium for Salvaging Sunken Ferry, Sewol

South Korea’s First Preference is Chinese Led Consortium for Salvaging Sunken Ferry, SewolOn Wednesday, the South Korean authorities chose a consortium led by a Chinese company as an ideal bidder to recover the remains of ferry which sank last year in April killing three hundred or more people. It was considered as one of the deadliest tragedies to have happened in decades in the country.

Stocks in China Continue to Drop; Central Government Owned Firms Told Not to sell Shares

Stocks in China Continue to Drop; Central Government Owned Firms Told Not to sell Shares The market volatility in China continues worrying the asset administrators who advised the forms owned by the central government not to sell shares of their own listed companies. The market going through "unusual market volatility" is witnessing the Chinese stocks plunge even though the government is introducing an array of financial measures to boost the economy.

Chinese Brokerages Plough Tens of Billions of Yuan to Improve the Stock Market

Chinese Brokerages Plough Tens of Billions of Yuan to Improve the Stock MarketThe Chinese government introduced further financial stimulus to pump in some agility in the economy.

Volatility Continues in the Chinese Indices with Little Sign of Relief

Volatility Continues in the Chinese Indices with Little Sign of Relief What can be termed as, a rocky week for the Asian market, ended with the Chinese equities falling greater than seven percent during the early trading hours. The equities were selling off with worries of weekend referendum on the Greek debt woes.

In Six Months China Cuts Its Interest Rate for the Third Time

In Six Months China Cuts Its Interest Rate for the Third TimeIn the last six month's China cut its interest rates thrice once on November 22, second time on March 1 and again on May 10.

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