CNBC's Bob Pisani and independent investment consultant David Darst, discuss quality of earnings season.» Read More
SHANGHAI, July 25- Regulators in Shanghai have found that scandal-hit China- based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported on Saturday.
HONG KONG— As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays during their synchronized nightly light show, one innocuous 28- story building near the water's edge had stayed dark for months, clad in bamboo scaffolding for a face-lift.
NEW YORK, July 25- Uncertainty over a policy shift to crop subsidies in China, the world's top producer and consumer of cotton, could spark a burst of demand for imported cotton between September and December, an industry veteran said on Friday.
The United States dominates the list of places that global commercial real estate investors would prefer to put their money this year, while China has lost some luster and Turkey has added sparkle, according to a survey of international investors.
*Hong Kong protests weigh on already weaker Chinese demand. PARIS, July 25- The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.
BEIJING, July 25- China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said on Friday. Joanna Li, Microsoft's China spokeswoman, said the console would be offered exclusively to China Telecom's 30 million broadband customers.
*Indonesia reaches copper exports deal with Freeport. *Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper was steady on Friday, remaining near to a 4-1/ 2 month peak, on positive factory data from China, but news of increased supply prospects from Indonesia dampened early gains.
*Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper rose on Friday, just short of a 4-1/ 2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. "Copper had a strong day yesterday but is more muted today.
BEIJING, July 25- Chinese banks' bad loan ratio rose to 1.08 percent at the end of June from 1.04 percent in March, the banking regulator said on Friday, adding to concerns a slow economy and cooling property market could weigh on banks and brew up financial risks.
HONG KONG, July 25- McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China.
SYDNEY, July 25- London lead charged to its highest this year on Friday amid a broad spread rally in metals, as investors bought the contract that has underperformed its peers on growing economic optimism over top metals user China. Shanghai lead surged its limit up of four percent, while prices jumped almost two percent in London.
HONG KONG, July 25- Hong Kong's benchmark share index rose 0.3 percent on Friday, closing at its highest level in more than three years, buoyed by stronger China markets. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.5 percent to its highest close since December 13.
HONG KONG, July 25- China' index of leading Shanghai and Shenzhen shares posted its biggest weekly gain in over 10 months on Friday, powered by continued strength in blue chips which are seen benefiting from a coming stock exchange connection between Shanghai and Hong Kong.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
*New China Life Insurance drops after report says Temasek sold shares. HONG KONG, July 25- China shares are headed for their best weekly gain in 3-1/ 2 months on Friday, powered by continued strength in blue chips including bank stocks that is helping mainland markets outperform Hong Kong.
BEIJING— General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts. This is GM's third recall in China in 14 months. In May 2013, they recalled imported SRX sport utility vehicles to adjust nuts on wheels.
BEIJING, July 25- China Telecom Corp Ltd will start selling Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said in a statement on Friday.
HONG KONG, July 25- China's yuan snapped a three-day firming streak on Friday, after the central bank set a weaker midpoint for the third consecutive day in line with global strength in the dollar. The People's Bank of China fixed the official midpoint at 6.1597, down 0.03 percent from the previous day's 6.1579.
BEIJING— A government newspaper says Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly. Citing a planning agency official, the China Daily on Friday said the results of an investigation into Qualcomm will be released soon.
BEIJING— Baidu Inc., which operates China's most popular search engine, said Friday its quarterly profit rose 34 percent over a year earlier as its mobile business grew. Baidu and other Internet companies are building mobile e-commerce and other services as Chinese users shift rapidly to going online using smartphones and tablet computers.