Diamond cuts: India's global hub fears more job losses as China slows

Last Updated: Tuesday, September 8, 2015, 08:12

This year, there`s no sign of a repeat bonanza in a city that by some estimates polishes about 80 percent of the world`s diamonds.

China announces policies to boost financial leasing

Last Updated: Monday, September 7, 2015, 20:43

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

China FX reserves fall record $93.9 bn in Aug as central bank supports yuan

Last Updated: Monday, September 7, 2015, 15:09

A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.

China policymakers try to calm investors as stocks resume trading

Last Updated: Monday, September 7, 2015, 11:06

Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China`s securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over.

Yuan weakens despite firmer midpoint, less intervention seen

Last Updated: Monday, September 7, 2015, 09:52

"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.

China cuts 2014 GDP growth from 7.4% to 7.3%: Govt

Last Updated: Monday, September 7, 2015, 08:13

The National Bureau of Statistics said on its website it lowered the figure from the 7.4 percent announced in January after a "preliminary confirmation".

China emphasizes stability at G20, fiscal spending quickens

Last Updated: Sunday, September 6, 2015, 09:56

China is headed for its slowest economic expansion in 25 years in 2015 and mainland markets have slumped 40 percent since mid-June, sending global financial markets skittering.

US asks China to fast-track reforms, refrain from devaluation

Last Updated: Saturday, September 5, 2015, 12:53

As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.

Slower-than-expected April-June growth boosts rate cut calls

Last Updated: Tuesday, September 1, 2015, 09:03

Many government officials in New Delhi had been talking of taking the baton of global growth in the wake of a deepening economic crisis in China.

China August factory activity shrinks at fastest pace in 3 years, services cool

Last Updated: Tuesday, September 1, 2015, 08:44

A reading over 50 points signals an expansion in activity while one below that mark indicates an contraction on a monthly basis.

Chinese officials worried as economy enters ''tricky'' phase: Economist

Last Updated: Saturday, August 29, 2015, 02:04

China`s economy is entering a treacherous phase as it moves away from traditional sources of growth like heavy manufacturing and real estate investment, but has yet to complete the transition to a new model, a prominent Chinese economist said on Friday.

'Don't blame yuan devaluation for global market rout'

Last Updated: Thursday, August 27, 2015, 19:37

China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.