Asia Top News and Analysis China


  • LONDON, Feb 11- Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the trend looks set to continue, the World Gold Council said on Thursday. China remained the world's biggest consumer of gold last year, ahead of India, with economic headwinds...

  • NEW DELHI, Feb 11- India, concerned at being sidelined from the U.S.-led Trans-Pacific Partnership, is stepping up efforts to reach agreement with an alternative trade bloc centred around China, and hopes to reach a deal this year. Prime Minister Narendra Modi has backed an export-focused' Make in India' drive as the path to prosperity for Asia's third-largest...

  • COLOMBO, Feb 11- Just over a year after a new leader was elected and Sri Lanka's business ties with China came under close scrutiny, Colombo is reversing course by resuming a stalled port project and naming Beijing as the front runner for a new special economic zone. India is nervous about losing influence over the island nation off its southern tip, while China's...

  • *Nigeria suffering its worst economic crisis for decades. LAGOS/ ABUJA, Feb 10- Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and government sources said on Wednesday. They also said Nigeria- which is suffering its worst economic crisis for...

  • Natural gas is extracted at the Patterson 298 natural gas fueled drilling rig drills on land in the Permian Basin that is owned by Apache Corporation on February 5, 2015 in Mentone, Texas.

    Over the next 20 years, shale production in the U.S. is expected to grow to 8 million barrels per day, BP said.

  • PARIS, Feb 10- French luxury goods maker Hermes has yet to see its business in Paris recover from November's deadly attacks on the city and warned of a potential further slowdown in global sales this year. "Tourist flows have not yet returned to normal," Hermes Chief Executive Axel Dumas told Reuters, referring to the Paris attacks. Hermes makes 14 percent of its...

  • *Other sectors monitoring case for guidance on pricing methods. BRUSSELS, Feb 10- Leading shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines, two people familiar with the matter said on Wednesday. The European Commission opened an...

  • Nikkei extends losses to close down 2.3 percent

    CNBC's Sri Jegarajah reports on all the market moving events in Asia as fear spread about the outlook on interest rates and Japanese banks.

  • EM markets remain weak: AkzoNobel CEO Wednesday, 10 Feb 2016 | 2:13 AM ET
    EM markets remain weak: AkzoNobel CEO

    Ton Büchner, CEO of AkzoNobel, discusses the chemical company's recent earnings report and business conditions in Europe and emerging markets.

  • China's first Zika case traveled through HK Tuesday, 9 Feb 2016 | 9:36 PM ET

    China has confirmed its first imported case of the deadly Zika virus, state media agency Xinhua reported in the early hours of Wednesday.

  • WASHINGTON, Feb 9- President Barack Obama will deliver a tough message to China during a summit with Southeast Asian countries next week that disputes in the South China Sea must be resolved peacefully and not with a big nation "bullying" smaller neighbors, the White House said on Tuesday. Though China will not be represented, Obama's aides made clear that...

  • *Toyota to end Scion brand, re-badge as Toyota cars. *Partly victim of millennials changing car buying habits. TOKYO, Feb 10- When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at twenty-somethings, it could not have guessed that the model would be dead after just 12 years.

  • BRUSSELS, Feb 9- European finance ministers will call on the Group of 20 biggest world economies at the end of February to boost global economic growth at a time when an slowdown in China is sending shivers through financial markets. G20 finance ministers will meet at the end of February in Shanghai in China, which holds the rotating presidency of the group, too...

  • UNITED NATIONS, Feb 9- A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council's Panel of Experts on North Korea, which monitors implementation of sanctions on Pyongyang,...

  • Enterprise tech tumbles as Cisco earnings loom Tuesday, 9 Feb 2016 | 1:11 PM ET
    Cisco Systems advertising panel

    Investors spooked by a steep sell-off in enterprise tech stocks will get a fresh glimpse of the health of technology spending on Wednesday.

  • Stocks could fall 10-20% more: Bouroudjian Tuesday, 9 Feb 2016 | 10:44 AM ET
    Traders on the floor of the New York Stock Exchange

    This is an I.O.U. market, says trader Jack Bouroudjian. Expect more pain before it gets better.

  • WEX 'Must Read' Tuesday, 9 Feb 2016 | 5:45 AM ET
     'Must Read': Swiping Apple's crown

    The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including a look at three Chinese tech companies that have global ambitions.

  • Why oil will recover faster than metals Tuesday, 9 Feb 2016 | 2:15 AM ET
    Operations at U.S. Steel

    Metals prices may have outperformed oil over the past 20 months, but that's unlikely to continue, with metals set to keep dropping, Goldman Sachs said.

  • *Most of Asia still shut for Lunar New Year holidays. SYDNEY, Feb 9- The yen held at its highest in over a year against the dollar early on Tuesday, having soared broadly as a selloff in European and U.S. stocks stoked demand for the safe-haven currency. Against the greenback, the euro flirted with $1.1200 after bouncing off Monday's low around $1.1086.

  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...