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Asia Top News and Analysis China

  • BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • BEIJING/ SEOUL, Nov 1- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.

  • *Sony Q2 oper profit 30.3 bln yen; keeps FY fcast for 130 bln yen profit. TOKYO, Nov 1- Struggling Japanese TV maker Sharp Corp warned it might not be able to survive on its own, as it almost doubled its full-year net loss forecast to $5.6 billion, and said it was considering alliances with other companies.

  • SHANGHAI, Nov 1- China's yuan steadied its recent rise on Thursday, despite hitting the strong side boundary for the third straight day, as the central bank set a weaker fix against the dollar. The People's Bank of China set its midpoint at 6.3017 per dollar, slightly weaker than Wednesday's fix of 6.3002.

  • *China official manufacturing PMI, HSBC final PMI pick up. LONDON, Nov 1- European shares opened higher on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro inched lower as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.

  • HONG KONG, Nov 1- Mainland Chinese shares posted their strongest daily gains in more than three weeks on Thursday, boosting Hong Kong stocks, following positive China economic data and a report that local governments were easing restrictions on property purchases. The China Enterprises Index of the top Chinese listings in Hong Kong jumped 1.1 percent.

  • BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.

  • HONG KONG, Nov 1- Hong Kong shares closed at a new 2012 closing high on Thursday, boosted by gains in mainland Chinese markets which advanced on hopes that some city governments were easing restrictions on property purchases. The China Enterprises Index of the top Chinese listings in Hong Kong ended up 1.1 percent.

  • *Sony Q2 operating profit 30.3 bln yen. *Sony keeps FY fcast for 130 bln yen oper profit. Bigger Japanese rival Sony Corp, which blazed a trail in the early 1980 s with its Walkman portable music players, made a small operating profit in July-September and kept its forecast for a full-year profit of $1.63 billion.

  • SINGAPORE, Nov 1- Brent crude hovered around $108.50 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand, although data pointing to recovery in China offered some support.

  • Facing the China Challenge

    Julian Robertson, Tiger Management founder, and Emil Henry, Romney campaign economic adviser, discuss Mitt Romney's fiscal policies on China and the Federal Reserve.

  • SINGAPORE, Nov 1- Gold traded flat on Thursday, shrugging off data showing China's economy was perking up, as investors looking for more clarity on the global economy focused instead on U.S. employment data due on Friday.

  • HONG KONG, Nov 1- Mainland China shares started November on a strong note on Thursday, posting their best performance in more than three weeks, boosted by positive economic data and measures by some city governments to ease restrictions on the property sector.

  • *PMIs from India, Indonesia, Taiwan improve. TOKYO, Nov 1- Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend even if it lacked punch.

  • SINGAPORE, Nov 1- Brent crude edged down toward $108 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand and shrugged off data pointing to a recovery in China.

  • Asian stock markets were mostly higher on Thursday as China's official and private sector manufacturing PMIs confirmed a recovering growth trend, boosting Shanghai markets whilst trying to convince regional investors the slowdown was bottoming out.

  • BEIJING/ SEOUL, Nov 1- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.

  • SHANGHAI, Nov 1- China's central bank set a weaker midpoint for the yuan against the dollar on Thursday aiming to slow the currency's rise, dealers said, as it hit the strong-side limit of the trading band for a third straight day. The People's Bank of China set its midpoint at 6.3017 per dollar, slightly weaker than Wednesday's fix of 6.3002.

  • HONG KONG, Nov 1- Mainland Chinese shares lifted Hong Kong markets with their best daily performance in nearly a month on Thursday, boosted by stronger Chinese economic data and a report that more city governments were easing restrictions on the real estate sector. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent.

  • *HSBC index highest since February, but still below 50. BEIJING, Nov 1- China's economy is finally regaining some traction, official and private sector factory surveys showed on Thursday, although they pointed to a sluggish recovery with the latter recording its 12th straight month of slowing growth.