CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.» Read More
*PetroChina to triple spending from $500 mln past few years. BEIJING, April 18- Chinese state energy giant PetroChina plans to spend more than 10 billion yuan on shale gas this year, sources with knowledge of the matter said, as domestic competition heats up after rival Sinopec announced a commercial find.
BEIJING— Chinese police hauled away dozens of workers Friday to break up a march on a factory complex targeted by tens of thousands of laborers striking against the world's largest maker of athletic shoes, while a government trade union said it would mediate the labor dispute.
Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. On Thursday, global stocks were subdued after Google and IBM reported weak results, even though General Electric was optimistic and Goldman Sachs and Morgan Stanley beat expectations.
BEIJING, April 18- China has launched an intense media campaign to defend the safety of producing a chemical used to make polyester fibre, as public opposition to new petrochemical plants threatens to disrupt expansion plans by state energy giants such as Sinopec Corp..
BEIJING, April 18- China shares closed nearly flat on Friday, with property stocks limiting the market's momentum after data showed Chinese home price rises had slowed further in March. China Fortune Land Co Ltd fell 3.5 percent and Ningbo Fuda Co Ltd dropped 2.4 percent.
SHANGHAI, April 18- China's yuan dipped moderately on Friday, following a slightly weaker central bank fixing, as traders said mixed signals on the health of the economy was likely to keep the yuan moving sideways in the near term. GDP data released on Wednesday showed that China's economy grew slightly faster than expected in the first quarter.
*Great Wall Motor tumbles on slowing earnings. China Fortune Land Co Ltd fell 2.6 percent, Shanghai Jinqiao Export Processing Zone Development Co Ltd shed 2.2 percent and Ningbo Fuda Co Ltd dropped 2.4 percent. The Hong Kong stock exchange is closed for Good Friday on April 18 and Easter Monday on April 21.
*Copper futures slip after 1 pct gain in previous session. *Spot premiums at 600- 750 yuan/ tonne- analyst. SINGAPORE, April 18- Shanghai copper futures slipped on Friday after jumping the most in 2-1/ 2 weeks, but premiums in the spot market rose to their highest this year indicating growing demand in top consumer China.
BEIJING, April 18- China's home price inflation slowed to an eight-month low in March, extending to a third month a loss of momentum in a property market that has been a strong spot in the world's second-largest economy.
BEIJING— Nearly one-fifth of China's farmland is polluted, mostly from yearslong accumulations of toxins from factories, mining and agriculture, the government said, raising sharp concerns about the country's food safety after years of unbridled industrialization.
SAN FRANCISCO/ HONG KONG, April 17- Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters.
For big business in China he's a headache, part of a small but fast-growing industry built around exposing corporate wrongdoing.
NEW YORK— Two Chinese Internet companies, a sporting goods retailer and a travel software provider rose in their stock market debuts Thursday.
LONDON, April 17- Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. The metal had fallen nearly 2 percent on Tuesday and has remained broadly range-bound since then around $1,300 on fears over slowing demand in top consumer China.
BEIJING— China's ruling Communist Party says the chairman of a massive state-owned conglomerate is being investigated on suspicion of corruption, nine months after the government audited the company.
BEIJING/ SHANGHAI, April 17- China has backtracked on its policy of capping retail prices on medicines and will allow pharmaceutical companies to set prices for some drugs, after criticism that controls had caused a drug drought that derailed treatment for millions of patients.
BEIJING, April 17- A nationwide investigation has shown that as much as 16 percent of China's soil contains higher-than-permitted levels of pollution, the environment ministry said on Thursday.
BEIJING, April 17- Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile.
LONDON, April 17- Drugmaker GlaxoSmithKline- hit by bribery claims in five countries- is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices.
*Investors await developments in Ukraine. LONDON, April 17- Gold fell below $1,300 an ounce on Thursday as investors cut exposure to gold-backed funds and weighed the impact of Ukraine tensions, while worries over the strength of Chinese demand continued to weigh.