×

Asia Top News and Analysis China

  • *Hong Kong's gold shipments to China jump in September. ``Obama is supporting Bernanke, and is supporting monetary stimulus,'' Saxo Bank vice president Ole Hansen said. Spot gold was at $1,677.69 at 1131 GMT, up 0.08 percent, having earlier touched a nine-week low of $1,672.24, while U.S. gold futures for December rose $3.10 an ounce to $1,678.30.

  • *Demand slowing in Europe, China. Nov 5- TE Connectivity Ltd reported a higher-than-expected quarterly profit on Monday but said the economic environment was weaker than expected and it will spend $200 million this fiscal year to restructure operations.

  • LONDON/ SHANGHAI, Nov 9- Copper hit two-month lows on Monday as the forthcoming U.S. presidential election, a leadership transition in China and two central bank meetings this week kept risk-averse investors on the sidelines of financial markets.

  • LONDON, Nov 5- World stocks fell and the dollar firmed on Monday as low-risk assets gained at the start of a week in which the United States elects a new president and Greece must navigate a fraught parliamentary vote to secure fresh rescue funds.

  • *PBOC sets weaker midpoint for third day. SHANGHAI, Nov 5- The yuan closed down slightly on Monday but its weakness was largely imposed by the central bank, which fixed a softer midpoint even as customers continued to unload dollars.

  • HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).

  • *Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.

  • HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.

  • LONDON, Nov 2- Overseas investors, many of whom are creditors to the highly-indebted U.S. government, reckon a re-election of President Barack Obama would be best for world markets even if U.S. counterparts say otherwise.

  • TIANJIN, China, Nov 5- Aluminum Corp of China Ltd is willing to get involved in the Oyu Tolgoi copper project in Mongolia, owned by Turquoise Hill Resources Ltd, the firm's senior vice president Liu Xiangmin said on Monday. Turquoise Hill, previously know as Ivanhoe Mines Ltd, is controlled by Rio Tinto Ltd.

  • SINGAPORE, Nov 5- Brent crude edged above $106 per barrel on Monday as a more than 2 percent drop in the previous session attracted some buyers, although investors remained focused on the U.S. presidential elections and demand worries.

  • *Spot gold to hover above $1,678/ oz- technicals. SINGAPORE, Nov 5- Gold nudged a touch higher on Monday, paring falls after stronger-than-expected U.S. jobs data sent gold to a two-month low in the previous session, but a stronger dollar curbed the rebound.

  • *Toyota shares up 2.2 pct ahead of Q2 results. TOKYO, Nov 5- Toyota Motor Corp nudged its full-year net profit forecast up to $9.7 billion, even as it put the cost of recent anti-Japanese protests and a slowing economy in China, the world's biggest autos market, at lost sales of 200,000 cars.

  • *Toyota lifts mood in automakers. But Toyota Motor Corp rose 2.2 percent to a one-month high at 3,210 yen after public broadcaster NHK said it was set to slightly raise its operating profit forecast.

  • LAGOS, Nov 5- Passengers arriving at Murtala Mohammed airport in Lagos could be forgiven for thinking they had stumbled into a refugee camp. 'Last flight to Abuja', a film about a plane crash caused by mechanical failure, is the longest running box office smash in' Nollywood', Africa's answer to Hollywood and the world's third biggest film industry.

  • HONG KONG, Nov 5- China shares eased slightly as investors paused after the recent rally ahead of the start of the 18th Party Congress that will usher in the country's next generation of leaders and the U.S. presidential election on Tuesday.

  • *Hermitage Plaza towers designed by UK architect Foster. PARIS, Nov 4- For Paris, a city whose priciest apartments boast mansard roofs and wrought-iron balconies, it's an audacious bet: a pair of shimmering, largely residential, luxury towers that might look more at home in Dubai or Shanghai.

  • *Q3 GDP growth 6.17 pct year-on-year, vs forecast 6.21 pct. JAKARTA, Nov 5- Indonesia's economy grew 6.2 percent in the third quarter from a year earlier, in line with forecasts, as the global downturn finally began to drag on a country whose resilience has attracted a flood of foreign investment this year.

  • TOKYO, Nov 5- Toyota Motor Corp raised its full-year net profit forecast to $9.7 billion even after its sales in China, the world's biggest autos market, were battered by a popular backlash against Japan over a territorial dispute.

  • TOKYO, Nov 5- Japan's Toyota Motor Corp raised its full-year net profit forecast by 2.6 percent to 780 billion yen even after sales in China, the world's biggest autos market, virtually halved following a popular backlash against Japan in a territorial dispute.