The U.S. Securities and Exchange Commission (SEC) announced on Monday that it suspended trading in the securities of 61 so-called empty shell companies, the second- largest trading suspension in the agency's history.
Developing Hong Kong into a hub for IPR trading and management is the broad direction for diversifying the city's economy, said a top Hong Kong official in the legislative meeting on Tuesday.
A year after China widened the daily trading limit of its currency, the yuan, experts are arguing whether it is time to further enlarge the band to make the exchange rate more market oriented.
U.S. stocks closed mixed in a volatile trading day on Tuesday, with the Dow eking out tiny gains amid uncertainties in Cyprus after its parliament rejected a proposed tax on bank deposits.
Analysts predict the Chinese yuan will not see any sharp rises in 2013 due to the country's dwindling trade surplus.
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