* Newstin.co.uk is for sale! * After achieving our strategic milestone, we are offering for sale: Newstin.co.uk and all 14 related domains featuring 1 million unique visitors per month + continuously updated news database of 37 million articles in 12 world languages from 166,000 global and weighted sources + 2.1 billion metadata * To seize this unique chance, contact invest@newstin.com. * Newstin.co.uk is for sale! *
Full Coverage

Hong Kong shares lower as oil hits new high; Ping An extends losses - UPDATE

                   
finanznachrichten.de
03-Jul-2008
        
Story Timeline:  100 days

HONG KONG (XFN-ASIA) - Share prices were lower midmorning after Wall Street took a hit overnight as oil prices rose to another fresh record. Continued weakness in mainland bourses and early losses in Tokyo and Seoul also depressed sentiment, dealers said. Oil prices broke through 145 usd a barrel for the first time today, with Brent North Sea crude for August delivery at 145.01 usd in Asian trade. Airlines fell following the oil jump and a profit-warning by Cathay Pacific yesterday. Ping An Insurance extended yesterday's sharp losses although it denied rumors it was under investigation for tax evasion. The company said China's tax authorities are carrying out a routine inspection of the company and its subsidiaries. At 11.10 am, the Hang Seng index was down 164.37 points or 0.76 pct at 21,540.08, off a low of 21,373.86 and a... [read full story]                    

Add Comment
Latest article on this story:

China end-March outstanding foreign debt 392.59 bln usd, up 5.08 pct vs end-2007

 finanznachrichten.de 04-Jul-2008
First article on this story:

China may cut import duty on fuel oil to 1 pct - report

 finanznachrichten.de 03-Jul-2008
Selected publications with coverage of this story:
finanznachrichten.de
RELATED
Found 12 documents:

China end-March outstanding foreign debt 392.59 bln usd, up 5.08 pct vs end-2007

finanznachrichten.de
04-Jul-2008
        

BEIJING (XFN-ASIA) - China's outstanding foreign debt stood at 392.59 bln usd at the end of March, up 18.97 bln or 5.08 pct from the end-2007 level, the State Administration of Foreign Exchange (SAFE) said. Of total foreign...

                   

China B-shares close lower on tightening fears, weak A-shares - UPDATE

finanznachrichten.de
04-Jul-2008
        

BEIJING (XFN-ASIA) - China B-shares closed lower on fears of a further interest rate hike, and also in the wake of a weaker A-share market, dealers said. China's central bank normally raises interest rates on weekends. China...

China A-shares close lower led by coal producers on policy speculation

finanznachrichten.de
04-Jul-2008
        

SHANGHAI (XFN-ASIA) - China A-shares closed lower with coal producers hit hard amid rumors the government will announce a new resource tax scheme this weekend, dealers said. The Shanghai-based National Business Daily reported...

China B-shares close lower on tightening fears, weak A-shares

finanznachrichten.de
04-Jul-2008
        

BEIJING (XFN-ASIA) - China B-shares closed lower on of a further interest rate hike, and also in the wake of a weaker A-share market, dealers said. China's central bank normally raises interest rates on weekends. China A-shares...

China shares in Singapore end morning lower on record oil prices - UPDATE

finanznachrichten.de
04-Jul-2008
        

SHANGHAI (XFN-ASIA) - China stocks in Singapore finished the morning lower on worries over soaring oil prices, which show no signs of abating in the near future, dealers said. Yangzijiang Shipbuilding Holdings, one of the two...

                   

China B-shares end morning lower on interest rate hike worries - UPDATE

finanznachrichten.de
04-Jul-2008
        

BEIJING (XFN-ASIA) - China B-shares finished the morning session slightly lower due to fears of a further interest rate hike, dealers said. China's central bank normally raises interest rates on weekends. The Shanghai B-share...

                   

China A-shares end morning mixed; banks up on earnings forecasts -UPDATE

finanznachrichten.de
04-Jul-2008
        

SHANGHAI (XFN-ASIA) - Banks were higher after positive first-half earnings projections from ICBC and Shanghai Pudong Development Bank. The Shanghai A-share Index was down 14.79 points or 0.52 pct at 2,820.64 , while the...

China A-shares end morning mixed; banks up on earnings forecasts

finanznachrichten.de
04-Jul-2008
        

SHANGHAI (XFN-ASIA) - China A-shares finished the morning session mixed, with the Shanghai market pressured by oil refiners after crude prices hit new highs. Dealers said refiners were also hit by fears that the government...

China shares lower in early trade on record oil prices

finanznachrichten.de
04-Jul-2008
        

SHANGHAI (XFN-ASIA) - China shares were lower in early trade with oil refiners pressured by surging oil prices, with nonferrous metals stocks retreating, dealers said. At 9:58 am, the benchmark Shanghai Composite Index was down...

China may raise consumption tax on large-engined automobiles - report

finanznachrichten.de
03-Jul-2008
        

BEIJING (XFN-ASIA) - China may raise the consumption tax on large-engine automobiles in order to promote fuel efficiency and energy conservation, the Shanghai-based National Business Daily reported, citing an unidentified...

1 2 next