Asia Top News and Analysis China


  • The SEC dropped its case against Haijian Luo, chief executive officer of 4399 Co Ltd, after it became apparent that the agency's complaint, filed in June, 2015, was based on "incomplete information," Luo's Los Angeles- based lawyer, Gabriel Colwell, said in a statement. SEC lawyers agreed to the dismissal on Jan. 29, according to a document filed in a Manhattan federal...

  • LONDON, Feb 11- "The aluminium market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminium will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today...

  • Switzerland's biggest insurer has been without a permanent CEO since Martin Senn's departure in December and Greco-- who will now take on his new role on March 7 after being released this week by Generali-- has a remit to quickly outline strategic goals beyond 2016, while boosting performance at Zurich's flagship general insurance business.

  • NEW DELHI, Feb 11- Tata Motors reported on Thursday strong sales by its British Jaguar Land Rover subsidiary in Europe and North America in the last three months of last year, offsetting a drop in China, once its fastest-growing market. Retail sales by JLR, which has been rapidly expanding its model line-up and volumes with new production planned in Europe and...

  • The aluminum market will find an "equilibrium" this year after years of oversupply, according to the deputy chief executive of Rusal.

  • 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...

  • Kyle Bass

    China's banks face a credit crisis with potential losses 400 percent larger than U.S. banks' losses during the subprime crisis, Kyle Bass said.

  • 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...

  • Commodities tomorrow:

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

  • *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...

  • CNBC update: GOP looks to South Carolina primary

    Republicans ready for South Carolina primary in the race to the White House; China confirms its first case of Zika; U.S. customs seize 2,400 made-in-China hoverboards, and Burger King announces new menu item. CNBC's Sue Herera reports.

  • BP: Here’s the upside for oil producers Wednesday, 10 Feb 2016 | 11:57 AM ET
    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 with banks Wednesday, 10 Feb 2016 | 6:03 AM ET
    Nikkei extends losses with banks

    CNBC's Sri Jegarajah reports on the sharp sell-offs in Japan and Singapore as risk aversion heightens in Asian markets.

  • Nikkei extends losses to close down 2.3 percent Wednesday, 10 Feb 2016 | 5:08 AM ET
    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...