David Palmer, RBC Capital Markets managing director, breaks down Yum! Brands' Q1 earnings that missed on their top line and discusses the company's China business.» Read More
*Chinese factory activity shrank again in April. *Euro zone businesses enjoy best month in nearly three years.
*Gazprom has agreed to lower gas price- sources. MOSCOW/ BEIJING, April 23- Europe's plans to reduce its dependence on Russian energy as the Ukraine crisis threatens supplies are spurring efforts by Russia's top producer, Gazprom, to sign a deal next month to pump gas to China, industry sources say.
LONDON, April 23- Copper was once again the stand-out in China's first-quarter imports of industrial metals. Yet China's net imports of refined nickel slumped 35 percent in Q1 2014.. Such contradictory outcomes say much about how both China's import demand for metals and the market's interpretation of that demand are changing.
HONG KONG, April 23- China's state stockpiler has bought at least 200,000 tonnes of imported copper stored in bonded warehouses after global copper prices dived to multi-year lows in March, said four sources with knowledge of the matter.
*Gold edges off Tuesday's 2-1/ 2 mth low of $1,277.10/ oz. LONDON, April 23- Gold steadied on Wednesday above a 2-1/ 2 month low hit the previous session, as a softer tone to equities and the dollar helped arrest its slide above a key chart level, but demand from investors and retail buyers remained slack.
LONDON/ BEIJING, April 23- Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany- Europe's largest economy- saw activity accelerate whereas in France, the bloc's second biggest, momentum waned.
LONDON, April 23- Nickel rose to its highest level in more than 14 months on Wednesday as tighter supplies continued to fuel the metal's rally, while copper slipped after data showed a contraction in factory activity in top consumer China.
CANBERRA, Australia— Unidentified material that washed ashore in southwestern Australia and is being examined for any link to the lost Malaysian plane is unlikely to have come from the jet, an official said Wednesday.
BEIJING, April 23- China shares fell on Wednesday, with sentiment bogged down by a preliminary survey showing Chinese manufacturing activity contracted for a fourth straight month in April.
SHENZHEN, China, April 23- China's Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, on Wednesday shrugged off analysts' concerns that its growth will suffer from media reports alleging the United States accessed servers at its Shenzhen headquarters.
*Yuan may test 6.25/ dollar if midpoint fixed weaker again. SHANGHAI, April 23- China's yuan hit a 16- month low against the dollar on Wednesday as companies bought dollars to hedge long yuan positions, amid intensified market anticipation that the yuan's recent weakness will last longer than previously expected.
*China Mobile shares down on weak Q1 results. BEIJING, April 23- Hong Kong shares eased on Wednesday, hurt by a sell-off in telecoms shares after the mainland's biggest carrier China Mobile posted its third straight quarterly decline in profits.
*China factory activity shrinks for 4th month- HSBC. SINGAPORE, April 23- Nickel raced to its highest level in more than 14 months on Wednesday as tighter supplies kept the rally going in the metal that has gained a third this year, while a sustained contraction in China's factory activity weighed on copper.
JJ Kinahan, Chief Strategist at TD Ameritrade, says Yum Brands is back "on the right path" after a 9 percent gain in China led by KFC.
BEIJING— China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Wednesday its quarterly profit declined 9.4 percent from a year earlier despite a rise in customer numbers as spending per account declined.
Todd Elmer, Currency Strategist at Citi, discusses whether the currency's sharp drop following weaker-than-expected quarterly inflation data was justified.
BEIJING, April 23- China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown.
HONG KONG— Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy is stabilizing.
Zhang Zhiwei, Chief China Economist at Nomura, says April's China's HSBC flash PMI figure is better than expected, but warns investors not to read too much into it.
As Tesla's Model S finally makes its way to China, CNBC's Eunice Yoon discusses the challenges ahead to get the country's infrastructure up to speed with the car's technology.