Asia Top News and Analysis China


  • Commodities Tomorrow: Oil & Nat Gas Reports Wednesday, 10 Oct 2012 | 4:00 PM ET
    Commodities Tomorrow: Oil & Nat Gas Reports

    CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays in crude from the North Sea, were also closely watching forecasts from the U.S. government and the Organization of the Petroleum Exporting Countries.

  • NY cotton ends slightly up ahead of USDA monthly report Wednesday, 10 Oct 2012 | 3:36 PM ET

    *Cotton market awaits USDA supply/demand report Thursday. The cotton market was awaiting the U.S. Department of Agriculture's monthly report due on Thursday for any signs of damage to new crops in west Texas, the major U.S. growing region, after recent wet weather.

  • Huge window switch recall hampers Toyota comeback Wednesday, 10 Oct 2012 | 3:33 PM ET

    DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.

  • WASHINGTON, Oct 10- At least 130 projects that capture and store carbon emissions at coal power and industrial plants must come online by 2020 if the world is to stay on course to keeping the rise in global temperatures below a threshold deemed dangerous by scientists, a new report released Wednesday said.

  • Gold holds, but platinum and palladium down Wednesday, 10 Oct 2012 | 2:56 PM ET

    Stocks fell sharply because of signs of concern from Alcoa and Chevron. Alcoa said it expects a slowdown in China to lower demand for the aluminum it makes. George Gero, a vice president at RBC Global Futures, said a sell-off in gold is unlikely considering low interest rates, tension between Syria and Turkey and the ongoing European debt crisis.

  • Rare Whiskey Collections Wednesday, 10 Oct 2012 | 2:50 PM ET
    Rare Whiskey Collections

    Ken Grier, The Macallan Distillers director, discusses just how much money one can make investing in whiskey, and the growing number of whiskey collections around the world.

  • News Summary: Top China officials to skip IMF Wednesday, 10 Oct 2012 | 2:40 PM ET

    CHINA BOWS OUT: China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week. MORE MINOR OFFICIALS: China's official Xinhua news agency published a report that said China's delegations to the meetings would be headed by a deputy to the central bank governor and a vice finance minister.

  • Array of concerns soured Germans on defence mega-merger Wednesday, 10 Oct 2012 | 2:05 PM ET

    *Berlin came to see deal as too complex, risky. EADS, the Franco-German parent of jetmaker Airbus, and British defence group BAE Systems announced after weeks of intense talks they were abandoning plans for a $45 billion deal that would have created an aerospace and defence giant bigger than Boeing.

  • *Turkey warns Syria about cross-border shelling. NEW YORK, Oct 10- Brent crude prices edged up on Wednesday in volatile trading, as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing economic growth will curb demand for petroleum.

  • Counterfeit air bags called 'extreme safety risk' Wednesday, 10 Oct 2012 | 1:59 PM ET

    WASHINGTON-- Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit bags and they should have them replaced at their own expense, the Obama administration warned Wednesday.

  • NEW YORK, Oct 10- Small and midcapitalization stocks slipped on Wednesday, dragged down by the latest warnings from companies including Avnet Inc as U.S. third-quarter earnings reports got under way. The reporting period began with results from Dow component Alcoa after Tuesday's stock market close.

  • WAfrica Crude-Slide halts ahead of Asian tenders Wednesday, 10 Oct 2012 | 1:49 PM ET

    GENEVA, Oct 10- West African crude oil differentials paused on Wednesday after a sell-off earlier in the week as traders waited for the results of outstanding Asian tenders. But they said sales could improve in the next few session if India's Mangalore Refinery and Petrochemical Ltd.

  • LONDON, Oct 10- Global household wealth will grow by nearly 50 percent in the next five years to $330 trillion, with the Chinese overtaking the Japanese as the world's second richest people, Credit Suisse said in a report on Wednesday.

  • Stocks down again at midday Wednesday, 10 Oct 2012 | 11:47 AM ET

    NEW YORK-- Stocks are down again on Wall Street, this time because of the prospect of weaker earnings for Alcoa and Chevron. Just before the lunch hour, the Dow Jones industrial average is down 67 points at 13,406. The Standard& Poor's 500 index is down three at 1,437. And the Nasdaq composite index is off three at 3,061..

  • As Romney Repeats Trade Message, Bain Maintains China Ties Wednesday, 10 Oct 2012 | 11:43 AM ET

    As a candidate, Mitt. Romney accuses China of  stealing jobs of Americans by cheating. But his investments with Bain Capital is undermining his campaign message, The New York Times reports.

  • Iraq officially retreats from ambitious oil plans Wednesday, 10 Oct 2012 | 11:28 AM ET

    BAGHDAD-- Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world's leading global energy monitor about how fast and how high it can boost output.

  • Romney's Bain advisers aided China, Russia growth Wednesday, 10 Oct 2012 | 11:16 AM ET

    WASHINGTON-- As Bain& Co. head in the early 1990 s, Mitt Romney presided over the corporate strategy firm's expanding operations into China and Russia, helping their initial attempts to move into the world's free market system. In his campaign, China and Russia are prime targets for criticism.

  • TORONTO, Oct 10- Canada's main stock index was slightly lower on Wednesday morning as materials shares strengthened and financials weakened after the starting round of the U.S. earnings season flashed mixed signals. A warning from Alcoa Inc.

  • NEW DELHI, Oct 10- Tata Steel's Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.