Chinese e-commerce giant Alibaba Group Holding Ltd said on Wednesday that it has officially become the world’s largest retail platform, with its total trading volume online in the fiscal year ending in March 2016 surpassing Wal-Mart’s annual sales.
Bullish momentum for US equities remained firmly in the ascendency last week as bullish sentiment for the US dollar continues to weaken, and further extending the rally of the turbulent start to the year which saw major buying by the insiders as a result.
Representatives from more than 1,000 Australian businesses will be part of Australia’s “largest ever trade mission” to China this month, following the signing of the China-Australia Free Trade Agreement (ChAFTA).
As we move towards the end of the first quarter of the new year, it is interesting to consider one of the more subtle changes to the principle US indices that appears to have passed by unnoticed,
The word that comes to mind to describe the price action on the daily WTI oil chart is ‘stately’ with crude oil continuing to move higher in a series of small rallies then punctuated with a pause point and further consolidation.
A Boeing 737-800 passenger plane en route from Dubai, United Arab Emirates, to Rostov-on-Don in Russia’s southwestern Rostov region, crashed on Saturday at the city airport, killing all 62 people onboard, said the Investigative Committee of Russia.
China is set to achieve its annual economic growth target while pushing forward supply-side reform, Premier Li Keqiang said on Wednesday.
After the malaise of the last few months, copper finally nailed a key technical level firmly into place on Friday as the red metal surged higher, closing the session with a wide spread up candle supported with excellent volume, thereby confirming the validity of the move higher.
China is exploring the creation of a mechanism that would use a band to guide the country’s interest rates, an approach aimed at giving the market a greater say in the financial system, a senior monetary official said on Sunday.
China must prevent its economic growth from falling below 6.5 percent this year, leading economists said on Wednesday. They were speaking ahead of the opening of the annual meetings of the country’s top legislature and political advisory body this week.
