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Asia Top News and Analysis China

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  • LONDON, Aug 28- Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China's markets and economy have aroused around the world. The $29.5 billion outflow, including $19 billion in just one day, was the largest since the series began in 2002, surpassing any...

  • Aug 28- China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. While prospects of further easing will calm investors who are jittery over the effects a China slowdown could have on global growth, some...

  • *Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...

  • SHANGHAI, Aug 28- China stocks surged 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. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 4.3 percent, to 3,342.29 points, while the Shanghai Composite Index gained 4.9 percent to 3,232.35...

  • HONG KONG— Asian stocks rose Friday as upbeat U.S. economic data lifted investors' spirits following days of stomach-churning turbulence sparked by a heavy sell-off in China. Japan led regional gains, but Shanghai shares were not far behind as markets took their lead from Wall Street, where benchmarks had a strong finish after a government report showed that...

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • HONG KONG, Aug 28- China is trying to push its two biggest aluminium businesses together as part of a planned shake-up of state-owned enterprises, industry sources said, a move that would create the world's largest aluminium maker. Power company State Power Investment Corp is in talks to hive off its aluminium assets to Aluminum Corp of China, allowing SPI to...

  • 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.

  • China seeing cross-border credit decline: JP Morgan

    China's monetary stimulus measures and currency depreciation could trigger a wave of deleveraging across cross-border carry trades, warns Josh Klaczek, head of Asia financial services equity research at J.P. Morgan.

  • 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...