×

Asia Top News and Analysis China

  • Britain's benchmark share index edged up on Tuesday, as mining stocks rose after a fresh injection of central bank liquidity by China- the world's top metals consumer- bolstered prospects of stimulus measures which would help boost the global economy. At 0711 GMT, the FTSE 100 index was up 8.57 points, or 0.2 percent at 5,850.31.

  • Oct 9- China shares posted robust gains on Tuesday, with banks, brokers and large-cap energy shares rallying as investors returned to the market amid hopes of more steps to support the market. The CSI300 index of top Shanghai and Shenzhen listings ended the day up 2.2 percent while the Shanghai Composite rose 2 percent.

  • ATHENS, Oct 9- Here are news stories, press reports and events, which may affect Greek financial markets on Tuesday:. International lenders are considering giving Greece two more years to reach its budget deficit reduction targets, and the extra time could be financed without more money from the euro zone, Greek Finance Minster Yannis Stournaras said.

  • TOKYO-- Sales of Toyota and Honda vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • TAIPEI, Taiwan-- Taiwan is asking Apple Inc. to blur a map image of its new $1.4 billion early warning radar station that can detect aircraft and missiles coming from as far as western China. Defense Ministry spokesman David Lo said Tuesday that Apple should follow its rival Google in using only low-resolution satellite pictures to show sensitive facilities.

  • LONDON, Oct 9- Rio Tinto said on Tuesday it saw production growth ahead for its copper arm and remained "optimistic" on the outcome of talks with China on a power deal for its key Oyu Tolgoi copper-gold project, but the miner warned it was cautious on the broader economic outlook.

  • Oct 9- The following are the top stories in the Wall Street Journal on Tuesday. *BP Plc said Monday it has sold the large Texas City refinery, scene of a fatal industrial accident in 2005, to Marathon Petroleum Corp in a deal worth up to $2.5 billion.

  • DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. -South Africa's Treasury auctions 2.1 billion rand of its 2023, 2021 and 2031.

  • A potential buyer speaks with a real estate agent at a residential property fair in Shanghai, China.

    Average home prices in China's 100 big cities edged up for a fourth straight month in September, a private survey showed, reinforcing signs of a mild recovery as the government seeks to boost growth while avoiding a real estate bubble.

  • *The International Monetary Fund is cutting its global economic forecasts yet again, calling the risks of a slowdown "alarmingly high", primarily because of policy uncertainty in the United States and Europe.

  • *Seoul cites market stability, increased soundness. TOKYO/ SEOUL, Oct 9- Japan and South Korea will not renew a $57 billion currency swap facility designed to protect their economies against financial crisis, a decision they said was not related to a territorial dispute that has cast a chill over ties between the neighbours.

  • TOKYO, Oct 9- Japan's Nikkei share average lost ground on Tuesday on growing concerns that companies will slash full year forecasts during the upcoming earnings season, after the World Bank cut China's growth outlook and warned its slowdown may be more protracted than thought.

  • PARIS, Oct 9- European stock index futures pointed to a higher open on Tuesday, with shares set to rebound from the previous session's sell-off on mounting expectations of further stimulus measures from China.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.

  • SHANGHAI, Oct 9- China Molybdenum Co Ltd, backed by Chinese billionaire Yu Yong, nearly tripled on its Shanghai debut after the company sold stock way below the indicative range- triggering a surge in bids and prompting a trading halt.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.