Asia Top News and Analysis China

More

  • CANADA STOCKS-TSX stumbles on weaker commodities Friday, 5 Oct 2012 | 4:37 PM ET

    U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.

  • Can stocks continue to rise as earnings fall? Friday, 5 Oct 2012 | 4:23 PM ET

    NEW YORK-- One type of investor buys stocks when everyone is convinced that corporate earnings will fall. He buys because he thinks they're wrong and earnings will rise instead. Barclays Capital stock strategist Barry Knapp said Thursday, as the Standard& Poor's 500 inched higher yet again. "

  • TEXT-S&P rates Cunningham Lindsey Group Ltd Friday, 5 Oct 2012 | 4:02 PM ET

    CLGL is refinancing its existing capital structure in conjunction with acquisition by private-equity sponsor CVC Capital Partners.

  • CANADA STOCKS-TSX stumbles as commodities pull back Friday, 5 Oct 2012 | 3:46 PM ET

    TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.

  • NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.

  • NORTH CHARLESTON, South Carolina, Oct 5- R epresentatives from Air India took delivery on Friday of the first Boeing Co 787 Dreamliner made in South Carolina and the first manufactured outside Boeing Commercial Airplane's headquarters in Washington state.

  • *MPs await trial, face up to 20 years in jail* Defence lawyer slams charges as politically motivated* Passions simmer in Kyrgyzstan's restive south* Attacks on Canadian firm may scare foreign investors By Olga Dzyubenko.

  • AdWatch: Romney pitches 12 million jobs in new ad Friday, 5 Oct 2012 | 2:25 PM ET

    KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to Romney standing and speaking into the camera. Text on the screen says: " Mitt Romney in his own words" and he says: "Let me tell you how I will create 12 million jobs when President Obama couldn't.

  • Alcoa's third-quarter profit expected to fall Friday, 5 Oct 2012 | 2:24 PM ET

    NEW YORK-- Aluminum manufacturer Alcoa Inc. will open what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. WHAT TO WATCH FOR: Alcoa produces aluminum for a wide range of businesses, from automobiles to appliance makers and energy companies.

  • Tunneling through the Andes to speed global trade Friday, 5 Oct 2012 | 1:52 PM ET

    BUENOS AIRES, Argentina-- South American engineers are trying to tackle one of the continent's greatest natural challenges: the towering Andes mountain chain that creates a costly physical barrier for nations ever-more-dependent on trade with Asia.

  • *Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.

  • LONDON, Oct 5- Asian spot prices of liquefied natural gas lost more ground this week as weaker import demand across key winter delivery periods forced some producers to sell distressed cargoes at knockdown prices.

  • LONDON, Oct 5- Aurubis, Europe's biggest copper smelter, will offer 2013 copper cathode term premiums for its European customers at $86 a tonne, unchanged from levels set in June this year, a spokeswoman for the company said on Friday.

  • US unemployment falls to 7.8 pct., a 44-month low Friday, 5 Oct 2012 | 11:53 AM ET

    WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

  • TEXT-Fitch cuts Hewlett-Packard ratings Friday, 5 Oct 2012 | 11:35 AM ET

    Oct 5- Fitch Ratings has downgraded the ratings of Hewlett-Packard Company. and its wholly-owned subsidiary Electronic Data Systems LLC as follows:. --HP's weaker-than-expected free cash flow forecast of approximately $4 billion post dividends in fiscal 2013 compared with Fitch's expectations for $5 billion- $6 billion.

  • Asians bid for German machinery group MAG -sources Friday, 5 Oct 2012 | 11:33 AM ET

    has placed a bid for German rival MAG Group, in a sign that Chinese appetite for European knowhow remains high, two people close to the transaction said on Friday. A spokesman for MAG Group said that the company was now in negotiations with potential buyers. " Goldman Sachs has been mandated to look for a buyer for MAG Group, which comprises Europe and MAG Americas.

  • Stocks gain after US unemployment rate drops Friday, 5 Oct 2012 | 11:18 AM ET

    Eight of the 10 industry groups in the S&P 500 rose, led by a 1.1 percent gain for materials stocks. "We're in rally mode, so slightly positive numbers will do nothing to hinder that," said Ralph Fogel, investment strategist and partner at Fogel Neale Partners in New York. The Labor Department also said employers added 114,000 jobs to their payrolls last month.

  • Paul: The China Debate We Must Have Friday, 5 Oct 2012 | 11:07 AM ET
    Two workers ride bicycles to deliver fast food in Beijing on April 12, 2012. A new World Bank report projects GDP growth in China will be 8.2 percent in 2012 and 8.6 percent in 2013. The China Quarterly Update, released April 12, says that the prospects for a gradual adjustment of growth remain high.

    The campaign attacks on China only scratch the surface of a far greater concern: our economy isn’t creating enough good-paying jobs, and the imbalance we have with China is growing, not shrinking.

  • Britain's Debenhams has high hopes for Russia Friday, 5 Oct 2012 | 11:01 AM ET

    MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.