Asia Top News and Analysis China

  • DUBAI, Aug 31- Saudi Arabia does not target a specific level of oil production and its output is based on customers' needs, the energy minister of the world's largest oil exporter said. Speaking during an official visit to China, Khalid al-Falih told al-Arabiya TV channel that despite low crude prices he was optimistic for global demand, that demand for crude in...

  • BEDFORD, Mass.— The clash this year over the future of iRobot pitted visionary robotics against the retail success of the company's Roombas, the circular-shaped domestic helpers that have cleaned millions of living rooms around the world. Colin Angle said he never imagined when he co-founded the company 26 years ago that it would change the way the world views...

  • President Barack Obama will urge leaders of the world's major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew said on Wednesday. The United States will also call for the Group of 20 leading economies to keep their steel industries from getting so big...

  • President Barack Obama will call on leaders from the Group of 20 to use fiscal policy and other tools to boost economic growth while reducing excess capacity at steel factories, Treasury Secretary Jack Lew said on Wednesday. The United States will also urge the G20 group to pay more attention to angry and anxious citizens who feel left behind by the global...

  • President Barack Obama will call on leaders from the Group of 20 to use fiscal policy and other tools to boost economic growth while reducing excess capacity at steel factories, Treasury Secretary Jack Lew said on Wednesday. The United States will also urge the G20 group to pay more attention to angry and anxious citizens who feel left behind by the global...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank sold its first batch of Special Drawing Right bonds in China at a yield well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese investors should want these bonds since...

  • Eric S. Rosengren, Federal Reserve Bank of Boston

    The Fed will likely meet its U.S. inflation and employment goals soon and should consider quicker interest rate rises over time.

  • SEOUL, Aug 31- South Korea's Hanjin Shipping Co Ltd filed for court receivership on Wednesday after losing the support of its banks, setting the stage for its assets to be frozen as ports from China to Spain denied access to its vessels. Hanjin Shipping, South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze...

  • SHANGHAI, Aug 31- Baoshan Iron& Steel, China's top listed steelmaker, expects the country's apparent consumption of crude steel to drop to 680 million tonnes this year from 698 million in 2015, Dai Zhihao, its general manager, told an online briefing. Dai said Baosteel's parent company, China's No. 2 steel producer- the Shanghai- based Baosteel Group, would cut 12.20...

  • Aug 31- Hong Kong stocks hovered near 10- month highs on Wednesday, capping a month of solid gains, amid signs that inflows of money from China accelerated in recent days as preparations for the Shenzhen-Hong Kong Stock Connect went into high gear. The official Xinhua news agency reported a similar scheme linking Hong Kong and Shenzhen is expected to be launched...

  • Russian President Vladimir Putin, whose country has grown closer to China following the imposition of Western economic sanctions, will be in attendance, along with Indian Prime Minister Narendra Modi, French Prime Minister Francois Hollande and new British Prime Minister Theresa May. May will face questions about Britain's decision to leave the European...

  • SHANGHAI/ HONG KONG, Aug 31- The World Bank has set an indicative yield range for its three-year Special Drawing Right bonds for sale in China at yields well below those for similar Chinese bonds, highlighting Beijing's challenge in getting global recognition for its yuan currency and SDR assets. "We are not interested in SDR bonds and we can't see why Chinese...

  • Aug 31- The Federal Reserve will likely meet its U.S. inflation and employment goals soon and should consider that quicker interest rate rises over time could stave off risks to the economy such as rising commercial real estate prices, a top Fed policymaker said on Wednesday in China. In another hint from the U.S. central bank that a policy tightening is on the...

  • SHANGHAI, Aug 31- China stocks firmed on Wednesday as the earnings season drew to a close, with interim results wrong-footing pessimists amid signs that state-backed investors have bought blue-chip shares in a bid to help stabilize the market. "Everyone is saying the economy is lousy, but if you look at listed companies results, they're not as bad as some had...

  • CORRECTED- SHANGHAI COMPOSITE INDEX UP 3.6 PCT FOR THE MONTH.

  • SEOUL, Aug 31- Hanjin Shipping Co Ltd said on Wednesday it would seek court receivership after losing the support of its banks, as ports from China to Spain denied access to its vessels and a rival eyed some of the South Korean container liner's assets. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according...

  • BEIJING— Canadian Prime Minister Justin Trudeau on Wednesday hailed a new era in relations with China during his first official visit to a key trading partner, saying he aims to boost "stability and regularity" in their ties. "Renewing our relationship with China is extremely important to Canada," Trudeau said at a joint news conference after his meeting with Li.

  • The International College of Management campus in Sydney, Australia

    Australia is banking on services to make up for losses it's sustained on commodities, but that may be a hyberbole, Goldman Sachs warns.

  • Philippine President Rodrigo Duterte delivers an address as part of commemorations for National Heroes' Day in Manila.

    The Philippine President will be meeting Barack Obama in Laos next week on the sidelines of an East Asia summit.

  • An investor sits in front of screens showing stock information, at a brokerage house in Hefei, China, July 8, 2015.

    A key source of concern in China is the high level of indebtedness, much of which can be traced to state-owned enterprises.