Wednesday,
25 April 2018

Finance

Prices of energy commodities to rise by 20 pc this year: World Bank (3)
PTI Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two per cent this year. Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report.
Tianjin seizes 600 Bitcoin mining computers over electricity theft (4)
Video PlayerClose TIANJIN, April 25 (Xinhua) - Police in north China's Tianjin Municipality have confiscated 600 Bitcoin mining computers after the local power grid reported abnormal electricity consumption. Eight high-power fans were also seized, local police said on Tuesday, adding that it was the largest power theft case in recent years. The power company monitored recent sudden increases in line loss on one
Tighter asset management rules 'days away' (4)
The final countdown for the debut of China's tightened asset management regulation has begun, with a possible launch by the weekend, which would restrict banks from investing in high-risk and short-term funding vehicles and further ease financial vulnerability, sources said. But signals have shown that Chinese policymakers are cautious about giving the final go-ahead, due to the proliferation of asset management products
China to expand quotas for outbound investment schemes (4)
Video PlayerClose BEIJING, April 24 (Xinhua) - China will increase quotas for two pilot schemes that allow domestic investors to access foreign assets, as part of its broader efforts to open up the financial market, according to the country's foreign exchange regulator. The quota for the Qualified Domestic Limited Partnership (QDLP) program in Shanghai and the quota for the Qualified Domestic Investment Enterprise
Futures slip as U.S. yield holds above 3 percent (2)
Sruthi Shankar (Reuters) - U.S. equity futures pointed to a fifth day of losses for the main indexes on Wednesday, spooked by a rise in bond yields and nerves ahead of earnings from scandal-hit Facebook. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2018.
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