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Asia Top News and Analysis China


  • BEIJING, Aug 28- China's local pension funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, senior government officials said on Friday, in a bid to boost the investment returns of such funds. China said last weekend that it would let pension funds under local government units to invest in the stock market for the first time, a...

  • SHANGHAI, Aug 28- China stocks rose on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. Still, the indexes are heading for a weekly fall of about 10 percent, and a monthly slide of around 14 percent, with the Shanghai market on course to register its worst monthly...

  • BEIJING— An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and other markets wider to foreign competitors...

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...

  • SHANGHAI, Aug 28- China's yuan rose sharply against the dollar on Friday, with traders citing large transactions by state-owned banks on behalf of the central bank to support the currency. "There were clear signs that the central bank was continuing intervening in spot trading to support the yuan," said a dealer at a major European bank in Shanghai.

  • Nexteer: No big impact from yuan devaluation

    After reporting a 14.5 percent rise in half-year revenue, Joe Perkins, CFO of Hong Kong-listed Nexteer Automotive, explains why the firm's future is looking even brighter ahead.

  • The real root behind the US market slump

    China's yuan devaluation, not lower oil prices, sparked this week's U.S. market selloff, notes John Burke, president of Burke Financial Strategies.

  • Jim Cramer on Mad Money.

    It may be down, but today’s action has “Mad Money” host Jim Cramer questioning whether this sector is really out.

  • Biotech

    Jim Cramer explains that those big pharma and biotech stocks that seem like a safe-haven could be impacted by the troubles in China.

  • Relax, China's market rout isn't such a big deal

    Beijing is well equipped to manage a market slowdown, which really doesn't have such a negative impact on the global economy as many think, says Russ Koesterich, global chief investment strategist at BlackRock.

  • Traders work on the floor of the New York Stock Exchange.

    Jim Cramer saw the wrong stocks lead and the right stocks lag on Thursday's rally. That's OK because it just took major risk off the table.

  • *Businesses say hurt by falling margins, not stock prices. *Wholesale prices have been sliding for more than 3 years. NINGHAI, China, Aug 28- The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind- the remorseless erosion of profits thanks to nearly four years of...

  • Commodities tomorrow: Oil pops 10%

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Aug 27- Money is flowing out of China at a quickening pace, leading to Beijing selling currency reserves in what amounts to a global quantitative tightening. Now the money is going the other way, a trend which accelerated after China experimented with a devaluation and a new semi-flotation of its yuan. Whereas China had been spending down its reserves at a more...

  • NEW YORK, Aug 27- Stock around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply. All three major U.S. indexes were up less than 1 percent in afternoon trade, trimming earlier gains, following share rebounds in China and Europe.

  • MILAN, Aug 27- Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday. Asia-Pacific is the biggest market for the Florentine shoemaker and sales there declined 4 percent at constant exchange rates in the first half of 2015, even though the brand's own...

  • Trader on the floor of the New York Stock Exchange.

    Following a recent selloff in U.S. equities, market watchers believe a bottom may be in, clearing the way for stocks to continue their march higher.

  • *China Vanke among firms looking to join spin-off trend. "Two, three years ago there was no problem with selling any new projects even in the third- and fourth-tier cites, so people didn't really care about services," said Peterson Liang, deputy executive director of Colliers International Real Estate Management Services in Shanghai. Top developer China Vanke is...

  • An employee counts Chinese yuan bank notes in a Standard Chartered bank branch in Shanghai.

    Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.

  • NEW YORK— Do the stock market's big swings have you feeling helpless? Although you can't control what happens in Shanghai-- or the fact that troubles in China can drag down stocks here by 10 percent in just over a week-- you do have control over one crucial factor affecting your portfolio: how much you pay in expenses. They paid an average of $54 in fees for every $10,000...