Amazon to open an office in China's Shanghai free trade zone, state media says, allowing the firm to sell a wider range of products in the country.» Read More
BEIJING, Aug 20- Amazon.com will set up shop in China's Shanghai free trade zone, the company said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.
LONDON, Aug 20- Copper rose to a one-week high on Wednesday as robust U.S. housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.
BEIJING, Aug 20- Amazon.com will set up shop in China's Shanghai free trade zone, state media said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country.
Aug 20- China- based solar products maker JA Solar Holdings Co Ltd reported a lower-than-expected quarterly profit as operating expenses jumped from last year, sending its shares down 5 percent in premarket trading. JA Solar reported a fall in gross margins as prices for solar modules fell in China.
LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.
LONDON, Aug 20- Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.
But surging growth in China means it's a market operators can no longer ignore. Carnival Corp., the No. 1 cruise company, will become the first global cruise operator to have four ships based in China when it deploys its Costa Serena to Shanghai in April.
*Copper premiums in Shanghai bonded zone off 37 pct since July 10. SYDNEY, Aug 20- London copper climbed on Wednesday as a mix of short-covering and a constructive technical picture revived momentum, and as some buyers in top consumer China appeared to be taking advantage of lower prices to restock.
SHANGHAI, Aug 20- China's stock indexes ended lower on Wednesday, on concerns that upcoming new listings will dilute market liquidity even as investors look to take profits from a rise in some large-cap shares.
SHANGHAI, Aug 20- China's stock indexes fell slightly by midday on Wednesday, on worries that upcoming initial public offerings will tax market liquidity even as investors look to take profits from a rise in large-cap shares.
BEIJING— China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry. Officials said earlier that Mercedes Benz, Audi and Chrysler also violated the law.
Paul Dowling, Principal Analyst at East and Partners, expects the Bank of China and ICBC to outperform its peers in terms of earnings, but warns of risks from bad debt provisioning.
Lee Yuan Siong, Senior Vice President & Chief Insurance Business Officer at Ping An Insurance, says strong performances in all 3 of its businesses boosted the firm's first-half profits.
Li Junheng, Head of Research at JL Warren Capital, says it's possible that BMW will lower prices of its high-end models and that will inevitably impact its partner in the mainland, Brilliance China Automotive.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. The U.S. is awash in oil, even though geopolitical volatility is the rule of the day.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.
LONDON/ MELBOURNE- The world's biggest mining company, BHP Billiton, announces plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
China—a low-cost maker of goods—is falling behind in the manufacturing race as wages and energy costs soar.
NSK Ltd. said Tuesday it was fined 174.9 million yuan and NTN Corp. said it was fined 119.2 million yuan. It said the company, a unit of Germany's Daimler AG, used its control over supplies of replacement parts to charge excessive prices. Officials have said Volkswagen AG's Audi luxury unit and Fiat Chrysler Automobile NV's Chrysler also violated the law.