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Chinese shares crash for the 2nd day, central bank cuts rates

Last Updated: Tuesday, August 25, 2015, 17:28

The benchmark Shanghai Composite Index fell 7.63 per cent to 2,964.97 points, following the 8.49-per cent loss in its worst daily slump since February 2007.

Sensex stages smart recovery, climbs 291 points to end over 26K

Last Updated: Tuesday, August 25, 2015, 16:22

The benchmark BSE Sensex ended up 1.13 percent to 26,032.38 points after earlier falling as much as 1.7 percent to its lowest since Aug. 8, 2014.

OPPO appoints Mike Wang as India CEO

Last Updated: Tuesday, August 25, 2015, 15:48

Chinese handset maker OPPO on Tuesday said it has appointed Mike Wang as its new CEO for Indian operations.

Shanghai stocks close down 7.63%, extending rout

Last Updated: Tuesday, August 25, 2015, 14:53

Shanghai stocks closed down 7.63 percent on Tuesday, piling on fresh heavy losses after their worst daily fall since 2007 sparked panic selling around the world.

Limited edition of Mi4i variants to go on sale today

Last Updated: Tuesday, August 25, 2015, 12:22

The Mi 4i comes with a 5-inch 1080p display, an 8-core 64-bit Snapdragon 615 second generation processor .

Global markets selloff deepens on China worries

Last Updated: Tuesday, August 25, 2015, 03:50

World stock markets endured another bruising day Monday as a huge decline in Chinese equities sparked selling throughout Asia, Europe and the Americas, deepening a global stock slump.

Oil sinks 4%, hits fresh 6-1/2-year low on China

Last Updated: Monday, August 24, 2015, 16:30

Oil prices fell more than 4 percent to fresh 6-1/2-year lows on Monday after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.

'Bloody Monday' ravages Chinese stocks, worst fall since 2007

Last Updated: Monday, August 24, 2015, 16:20

The benchmark Shanghai Composite Index dropping 8.49 per cent to close at 3209.91 points. The smaller Shenzhen Component Index fell 7.83 per cent ending at 10,970.29 points.

China shares plummet more than 8% by the break

Last Updated: Monday, August 24, 2015, 10:51

Chinese shares plummeted on Monday, wiping out the year`s gains and leading a slump across Asian equities as Beijing`s latest market intervention failed to restore confidence, with concern mounting about the stalling economy.

Chinese yuan strengthens

Last Updated: Monday, August 24, 2015, 08:30

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day, Xinhua reported.

Commodity markets tumble as China weakness spreads

Last Updated: Monday, August 24, 2015, 08:21

Chinese stock indices like the CSI300 and the Shanghai Composite Index tumbled on Monday morning, also dragging on Japan`s Nikkei index as worries over slower growth in the Chinese economy intensified.

IMF official says "premature" to speak of Chinese crisis

Last Updated: Saturday, August 22, 2015, 22:38

China`s economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world`s second biggest economy, a senior International Monetary Fund official said on Saturday.