Archive for December 2012
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China has issued rules allowing companies in a pilot zone near Hong Kong to borrow yuan from Hong Kong banks, a step towards opening China's capital account and internationalising its currency, according to an announcement
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Indian shares ended higher on Friday led by gains in oil firms including ONGC following media reports the petroleum ministry has proposed gradually raising diesel prices. Domestic gains were in line with Asian shares that
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Japan's Nikkei average climbed to a 21-month high on Friday, posting its best yearly gain since 2005, as rising expectations of aggressive monetary stimulus under new Prime Minister Shinzo Abe weakened the yen and bolstered
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US stocks fell on Friday, putting the S&P 500 on track for a fifth straight decline, as President Barack Obama and top congressional leaders were set to make a last-ditch attempt to steer the country
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US stocks fell for a fourth day on Thursday, but recovered most of their losses after the House of Representatives, in the barest sign of progress, said it would come back to work on avoiding
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Taiwan stocks rose 0.7 percent on the last trading day of 2012, with Fubon Financial in focus on news it will acquire a Chinese bank stake for $1 billion. The main TAIEX index rose 51.09
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US Treasury debt prices rose on Thursday on safe-haven buying after the Senate majority leader hinted a federal budget deal was unlikely before a year-end deadline, raising chances of a burdensome package of tax hikes
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US Treasury debt prices rose on Thursday on safe-haven buying after the Senate majority leader hinted a federal budget deal was unlikely before a year-end deadline, raising chances of a burdensome package of tax hikes
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Australian shares rode iron ore stocks up to finish at a 19-month high on Friday, with a recovery in battered mining shares helping drive the market to its strongest annual gain since 2009. The benchmark
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Mainland Chinese shares hit six-month closing highs on Friday, while Hong Kong crept to its highest close in almost 18 months as investors rotated into Chinese non-financial counters after Beijing raised hopes of quicker sector
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