×

Asia Top News and Analysis China

  • Commodities Tomorrow: Few Gas Stations Open

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

  • LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya offset a further decline in Iran to its lowest in two decades and disruptions in Nigeria, a Reuters survey found on Wednesday.

  • OTTAWA, Oct 31- The Canadian government's review of the $15.1 billion bid by China's CNOOC Ltd for Canadian oil firm Nexen Inc is unlikely to be finished by next week's deadline, two sources close to the transaction said on Wednesday.

  • *BG blames Brazil tie-ins, Egypt, North Sea, U.S. for shortfall. *Agrees $1.93 deal with China's CNOOC. LONDON, Oct 31- British oil and gas firm BG Group told investors to expect no output growth in 2013 due to project delays and other factors, prompting a dive in its highly rated share price that wiped out as much as a fifth of its value.

  • *GM expects much bigger loss in Europe this year. *Still sees Europe economy flat to slightly deteriorating. ``We still have a lot of work to do, especially in Europe,'' GM Chief Financial Officer Dan Ammann said in a statement.

  • *U.S. stocks higher as Wall Street reopens after 2- day closure. LONDON, Oct 31- World shares and the euro edged up on Wednesday as a storm-hit Wall Street began trading after its two-day closure and investors looked ahead to economic data later in the week.

  • KHARTOUM, Oct 31- After a Sudanese plane crashed at Khartoum's international airport last year, authorities didn't slow plans to build new airports and add more routes. They used the incident to shoot a video showing how safe flying in Sudan is, thanks to its skillful pilots.

  • FRANKFURT, Oct 31- Germany's solar power systems market continued to grow strongly in September, putting Europe's biggest economy on track for a new installation record this year and increasing pressure on the ruling coalition to curb the spiralling costs to consumers.

  • *Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose more than 1 percent as the dollar weakened against the euro on Wednesday, but the metal was still on track for a monthly loss on uncertainty about demand from top consumer China.

  • Oct 31- Nu Skin Enterprises Inc's quarterly results handily beat Wall Street expectations on strong performance of its anti-ageing and nutritional supplement businesses in China, prompting the company to raise its full-year forecast for the sixth time.

  • LONDON, Oct 31- World shares and the euro edged up on Wednesday as investors braced for a storm-hit Wall Street to reopen after its two-day closure and looked ahead to economic data later in the week. Equity futures are higher, so people are expecting a positive opening,'' said Arne Lohmann Rasmussen, head of currency research at Danske Bank in Copenhagen.

  • *Market eyes China official PMI on Thursday. LONDON, Oct 31- London copper bounced more than 1 percent as the dollar weakened on Wednesday and short-term speculators switched to risk-on trading, but the metal was on track for a monthly loss as uncertainly persisted about demand from top consumer China.

  • *Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • BEIJING, Oct 31- China unveiled on Wednesday a natural gas policy designed to spur the transport sector's use of the cleaner-burning fuel, and particularly of liquefied natural gas, as the world's second-largest user of fuel reins in consumption of dirtier oil.

  • *Yuan posts strongest ever open and close. *Ends day at strong-side limit. SHANGHAI, Oct 31- China's yuan recorded its strongest ever close on Wednesday after it hit the strong-side trade band limit for a fourth time in less than a week, and held there until trading shut.

  • LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.

  • DETROIT-- A turnaround in South America and a rosier outlook in Europe helped push General Motors shares up in premarket trading Wednesday, even though the company's third-quarter net profit fell 14 percent. But South America swung to a big profit and GM posted better-than-expected results internationally outside of China.

  • LONDON, Oct 31- The euro rose on Wednesday, lifted as equity market gains helped perceived riskier currencies, and with direction likely to be determined by how Wall Street reopens after storm disruption. A sustained rise above $1.30 could see it target the Oct. 25 high of $1.3023 and then the mid-October peak of $1.3140.

  • *HSI up 1 pct, climbs 3.8 pct this month. HONG KONG, Oct 31- Hong Kong shares posted a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.