Financial Briefs

Breaking financial news from Wall Street to Main Street

Archive for the ‘China’ Category

China Approves Short Selling, Margin Lending to Develop Market

Posted by financialbriefs on September 26, 2008

China’s cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop Asia’s second-largest market after prices and trading volumes slumped, an official familiar with the plan said.

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China banks told to halt lending to US banks-SCMP

Posted by financialbriefs on September 25, 2008

Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

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China, Jordan sign power plant deal

Posted by financialbriefs on September 24, 2008

China and Jordan on Tuesday inked a deal on a power station expansion project, the first of its kind implemented by Chinese firms in Jordan’s power generation sector and hailed by the Chinese ambassador in Jordan Gong Xiaosheng as a result of bilateral cooperation.

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Yuan hits new high against U.S. dollar after 2 months of depreciation

Posted by financialbriefs on September 23, 2008

China’s currency, the yuan, on Tuesday hit a new high against the weakening U.S. dollar on the recovery of oil prices on global markets.

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China paper urges new currency order after “financial tsunami”

Posted by financialbriefs on September 22, 2008

Threatened by a “financial tsunami,” the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.

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