China's stocks rise traded near 7-week high

Source: Bloomberg
© Scanpix/RS
China's shares advanced on Monday pushing the regional benchmark index to the strongest level in a seven-week period as brokerages increased amid higher trading volumes among Asian stocks. The Shanghai Composite Index climbed for the fourth straight session gaining 0.8% closing at 2,299.99, the most since March 27, while The CSI 300 Index rose 0.7% to 2,609.61.

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Tue, 21 May 2013 07:34:07 GMT

Trade surplus in China lower than reported after accounting for errors

China reported trade surplus of $61 billion in Q1, while it might be only $6 billion after taking into account fake transactions, according to the Bank of America. It would be the smallest Q1 trade balance since 2004 and lower than $18.8 billion surplus in the same period a year earlier. Export growth is slowing due to the strengthening Yuan and the

Mon, 20 May 2013 15:14:03 GMT

Italy's industrial new orders jump in March

Industrial new orders in Italy advanced in March from the month before largely due to a 3.6% increase in non-domestic demand and a 0.2% gain in domestic orders, the statistical office Istat reported on Monday. The report showed that industrial new orders climbed by 1.6% in March, however, on an annual basis orders slipped 10% in March.

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