The price of oil extended gains Tuesday after Asian stock markets trimmed losses following a big sell-off. Benchmark oil for August delivery was up 42 cents to $95.60 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract jumped $1.49 to close […]
Tag: China
As Demand in the Global Economy Weakens, American Multi-Nationals to Feel the Pain
The so-called “powerhouse†of the global economy, China is witnessing an economic slowdown like never beforeâ€â€Âthe repercussions of which will be felt here in North America. The HSBC Flash China Manufacturing Purchasing Managers’ Index (PMI) continued its slide in June, registering 48.3â€â€Âa nine-month lowâ€â€Âcompared to 49.2 in May. (Source: Markit, […]
China punishes two brokerages in IPO fraud crackdown
China‘s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan for failed due diligence in […]
