simon yao

  • China needs investment to lift economy: Xinhua

    July 17 2012 8:39 AM

    China needs investment to bolster flagging economic growth but spending must be adjusted to avoid waste, state-run Xinhua said on Tuesday, citing comments from a parliamentary meeting that signaled Beijing's intent to raise spending to lift activity.

  • European shares edge lower awaiting Fed clues

    July 17 2012 8:38 AM

    European equities trod water on Tuesday as investors awaited testimoney from Fed chief Ben Bernanke they hope will point to further stock-boosting monetary stimulus as waning global growth weighs on the outlook for company earnings.

  • Hong Kong shares outshine Asia, China recovers from 6-month low

    July 17 2012 8:37 AM

    Hong Kong shares produced their best day in more than two weeks on Tuesday, outperforming Asian peers with local property developers, Chinese insurers and railway sectors strong on anticipation of more policy support.

  • To QE or Not to QE, Disinflation May Be In the Cards

    July 16 2012 2:23 PM

    In its most recent Meeting Minutes for June 19-20, which were released on July 11th, the FOMC gave no indications of another round of stimulus or QEIII.

  • Dollar slides vs. yen, euro on growing views of U.S. easing

    July 16 2012 1:10 PM

    The dollar fell to a one-month low against the yen on Monday after poor U.S. retail sales data last month bolstered expectations the Federal Reserve could launch another round of quantitative easing to boost a slowing economy.

  • Wall Street may face Libor legal threat from small banks

    July 16 2012 1:09 PM

    The thousands of community banks have often said their much larger counterparts have trampled on them. Now some hope the latest Wall Street scandal could give them ammunition to strike back.

  • Banks reconsider Libor panels, RBS pulls out

    July 16 2012 1:08 PM

    Banks weighed up the reputational risks from an opaque benchmarking system at the center of a global rate-rigging scandal as Royal Bank of Scotland pulled out of a Singapore panel setting interbank lending rates.

  • Barclays saw improving aggressive culture as critical

    July 16 2012 1:07 PM

    The board of Barclays in February said improving a culture that was seen as too aggressive and resolving a difficult relationship with the UK regulator were critical to its future, according to minutes released of a board meeting.

  • European shares fall on weak U.S. retail sales data

    July 16 2012 11:31 AM

    European shares briefly extended losses on Monday after U.S. retail sales fell for a third straight month in June, with the banks and commodity companies among the worst-performing sectors.

  • China large cap shares close at 6-mth low, Shanghai at 3-yr low

    July 16 2012 11:29 AM

    China's large cap-focused share index closed at its lowest in six months while the Shanghai Composite index closed at its lowest in more than three years on Monday, hit by a fresh slew of profit warnings reflecting the impact of a slowing economy.

  • Zimbabwe Jan-June Gold Output Up 29 PctZimbabwe Jan-June Gold Output Up 29 Pct

    July 16 2012 11:26 AM

    Zimbabwe's gold production rose 29 percent to 7.2 tonnes in the first six months of this year, generating $377 million in revenue, data from the mining chamber showed on Monday.

  • Gold Eases As Stocks, Euro Wilt Ahead Of BernankeGold Eases As Stocks, Euro Wilt Ahead Of Bernanke

    July 16 2012 10:26 AM

    Gold prices eased on Monday as caution ahead of this week's Federal Reserve testimony on monetary policy pressured the euro and stock markets, with a weak start to earnings season and concerns over euro zone debt also keeping investors on edge.

  • Gold Stocks Fail To Sparkle

    July 13 2012 10:40 AM

    For the last ten months or so we have watched the precious metals mining sector try in vain to put in a decent rally only to run out of steam and disappoint some of its most ardent supporters, including us.

  • Oil up above $102 after China GDP data

    July 13 2012 9:38 AM

    Oil prices rose above $102 on Friday after Chinese GDP data came in slightly better than expected, improving sentiment across the board in commodities, and the United States ramped up pressure on Iran's ability to export oil.

  • JPMorgan trader London Whale leaves: source

    July 13 2012 9:37 AM

    Bruno Iksil, the JPMorgan Chase & Co (JPM.N) trader known as the London Whale, has left the bank, a person familiar with the situation said, in the wake of a trading scandal likely to have cost JPMorgan between $4 billion and $6 billion.

  • U.S. producer prices edge up in June

    July 13 2012 9:36 AM

    U.S. producer prices rose only slightly in June as energy costs dropped, suggesting inflation pressures remain muted and leaving the door open for more easing by the Federal Reserve.

  • China data helps European shares bounce, earnings eyed

    July 13 2012 9:35 AM

    European shares took back the previous day's losses on Friday as China growth data proved better than had been feared although the overall mood among investors remained cautious as the second quarter earnings season crept into focus.

  • Gold As a Hedge Against Deflation: Rhona O'ConnellGold As a Hedge Against Deflation: Rhona O'Connell

    July 13 2012 9:33 AM

    Gold has a history as a hedge against inflation, or more precisely, inflationary expectations, but what is not often considered is its role in a deflationary environment.

  • Italy Starts Gold Bullion Trading PlatformItaly Starts Gold Bullion Trading Platform

    July 13 2012 9:28 AM

    Italpreziosi, Italy's leading precious metals trading and refining company, and on-line broker Directa have launched a platform for trading gold bullion, prompted by increasing Italian interest in investing in the metal.

  • Gold Climbs 1 Percent As Stocks, Commodities ReboundGold Climbs 1 Percent As Stocks, Commodities Rebound

    July 13 2012 9:15 AM

    Gold rose 1 percent on Friday, erasing its losses for the week to climb along with stocks and other commodities, as well-received Chinese growth data boosted appetite for assets seen as higher risk, and as the euro steadied versus the dollar.