×

Asia Top News and Analysis China

  • *FTSE 100 down 0.2 percent, yo-yoing around 5,800. LONDON, Oct 10- Britain's top shares edged lower on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, although gains in heavyweight miners and banks provided a floor under the FTSE 100 index around the 5,800 level. At 0805 GMT, the FTSE 100.

  • SHANGHAI, Oct 10- Shanghai Port, the world's busiest container port, saw its container volume rise 5.6 percent in September from a year earlier, bouncing from falls in the previous two months, according to data issued by the port's operator. Container throughput reached 2.91 million twenty-foot equivalent units, up from 2.61 million in August.

  • TOKYO, Oct 10- Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall since 1996, performed by Ford Motor Co. The recall primarily affects cars in the United States, China and Europe.

  • Oct 10-=============================================================================== Summary analysis-- Akzo Nobel N.V.------------------------------- 10- Oct-2012=============================================================================== CREDIT RATING: BBB+/ Stable/A-2 Country: Netherlands Primary SIC: Chemical preparations, nec Mult. CUSIP6: 010199=============================================================================== Credit Rating History: Local currency Foreign currency 25- Feb-2009 BBB+/ A-2 BBB+/ A-2 28- Jun-2000 A-/A-2 A-/A-2=============================================================================== Rationale.

  • SENDAI, Japan, Oct 10- World Bank President Jim Yong Kim said on Wednesday he had great faith that Japan and China would find a way to cooperate in the future, amid a deterioration in relations between the two countries due to a territorial dispute.

  • HONG KONG, Oct 10- Hong Kong shares ended marginally lower on Wednesday, tracking weakness in other Asian bourses on concerns over U.S. corporate earnings, but strength in China plays helped limit the benchmark's losses. Dongfeng Motor Group Co Ltd rose 4.9 percent while GAC Group rose 4.5 percent.

  • TOKYO, Oct 10- Japan's Toyota Motor Corp announced a massive recall on Wednesday to fix malfunctioning power window switches, saying it will pull back 7.43 million vehicles worldwide in the biggest single recall since 1996, performed by Ford Motor Co. The recall primarily affects cars in the United States, China and Europe.

  • BEIJING, Oct 10- Vehicle sales in China fell in September mostly due to a slump in sales of Japanese cars amid a heated diplomatic row between the two countries, Chen Shihua, director of the information department of the China Association of Automobile Manufacturers, said on Wednesday.

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier, as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • Oct 10-=============================================================================== Summary analysis-- Sharp Corp.----------------------------------- 10- Oct-2012=============================================================================== CREDIT RATING: BB+/ Watch Neg/B Country: Japan Primary SIC: Household appliances, nec Mult. CUSIP6: 819882=============================================================================== Credit Rating History: Local currency Foreign currency 31- Aug-2012 BB+/ B BB+/ B 03- Aug-2012 BBB/A-2 BBB/A-2 03- Feb-2012 BBB+/ A-2 BBB+/ A-2 11- May-2011 A-/A-2 A-/A-2=============================================================================== Rationale.

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • SINGAPORE, Oct 10- Chinese steel futures rose to two-month highs on Wednesday, driven by hopes of more stimulus measures from Beijing to aid a slowing economy and backing further gains in iron ore prices that have leapt by more than 12 percent in the past two days. The most briskly traded rebar contract for January delivery on the Shanghai Futures Exchange.

  • BEIJING, Oct 10- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed, adding to downward pressures from a slowing economy and rising fuel costs that have weighed on the world's biggest auto market.

  • LONDON, Oct 10- Britain's top shares index edged lower in early trade on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, and with investors looking to third-quarter corporate earnings for fresh direction. Alcoa kicked off the U.S. third-quarter earnings season after Wall Street's close on Tuesday.

  • Oct 10- China shares edged up slightly on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps. The CSI300 index of top Shanghai and Shenzhen listings and the Shanghai Composite both rose 0.2 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/ CLOSE.

  • *Toyota falls on vehicle recall, China sales slump. *Tokyo Electron rises after Q2 orders beat expectations. TOKYO, Oct 10- Japan's Nikkei average shed 2 percent to hit a two-month closing low on concerns that coming corporate earnings will be hurt by sluggish global growth, as the IMF cut its forecasts for the second time since April.

  • TOKYO-- Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch _ the latest, massive quality woes for Japan's top automaker.

  • ISTANBUL, Oct 10- China's Huawei Technologies Co Ltd, the world's No.2 telecommunications equipment maker, plans to invest $100 million in acquisitions in Turkey next year, its Turkey General Manager Wu Congcheng said on Wednesday.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped to near $114 per barrel on Wednesday, after jumping more than 2 percent in the previous session, as worries about global economic growth muddied the outlook for demand and offset supply fears stemming from tensions in the Middle East.

  • shipping_cont_1.jpg

    China will offer 2.5 billion yuan ($398 million) in loan subsidies to importers for purchases of advanced technological equipment, raw materials and other components, the Ministry of Finance said on Wednesday.