Manish Singh, strategist and head of investments at Crossbridge Capital, says he is "not convinced" by Alibaba's valuation but the long-term prospects for the stock are promising.» Read More
BEIJING— The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday. The find by CNOOC's two-year-old, $1 billion deep sea rig is about 150 kilometers south of China's southernmost island of Hainan.
*Slowdown in China imports would drag on global soybean prices. *China demand for soyoil, soymeal hurt by tepid economic growth. "The first half of the year was the worst on record for the industry," said a Singapore- based senior official at an international trading company, which owns soybean processing facilities in China.
SHANGHAI, Sept 16- China will ban the import and local sale of coal with high ash and sulphur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners.
HONG KONG, Sept 16- China shares had their worst day in more than six months on Tuesday, as investors continued to fret about weak economic data and started to worry about liquidity as a new batch of initial public offerings loomed.
BEIJING, Sept 16- China's price regulator has summoned executives from Toyota Motor Corp over pricing policies and practices for spare and replacement parts at its luxury Lexus division, people with direct knowledge of the matter said.
Yet anyone who expects to get rich from buying into China's high-growth story will be betting against history. China's explosive economic rise has delivered virtually nothing to most stock investors.
BEIJING, Sept 16- China's foreign direct investment in August fell to a low not seen in at least 2-1/ 2 years, underscoring the challenges to growth facing the world's second-biggest economy.
*Eleven companies to list in Shanghai market. *Gold shares up on expected early start to trade plan. SHANGHAI, Sept 16- China shares fell early Tuesday on worries about the economy, but the losses were erased and indexes flat at midday thanks to support from resource companies.
SYDNEY/ SINGAPORE, Sept 16- The dollar eased on Tuesday with investors reluctant to do much as they waited for fresh guidance on interest rates from the Federal Reserve, while the Australian dollar held above a six-month trough.
MELBOURNE, Sept 16- London copper edged up on Tuesday from near three-month lows, as traders squared their books ahead of a Federal Reserve meeting that is expected to offer clues on when U.S. interest rates will climb.
SHANGHAI, Sept 15- China will ban the import and local sale of coal with high ash and sulfur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners.
Despite recent weak data announced over the weekend, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group, remains optimistic on the mainland.
HONG KONG, Sept 16- Strong winds and heavy rain hit Hong Kong on Tuesday as a typhoon headed to the south of the financial hub, disrupting business and closing the stock market for at least part of the morning. Flights in and out of Hong Kong were delayed, affecting thousands of passengers, with the impact expected to last well into Tuesday morning.
It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.
SYDNEY, Sept 16- The U.S. dollar loitered in familiar territory early on Tuesday with investors reluctant to do much as they waited for fresh guidance on interest rates from the Federal Reserve, while the Australian dollar rebounded from a six-month trough.
The OECD downgraded its growth forecast for the U.S. but maintained its China outlook. Hans Stoter, Chief Investment Officer at ING Investment Management, discusses the logic behind the move.
Sarah Tong, Senior Research Fellow, East Asian Institute at the National University of Singapore, discusses Chinese President Xi's visit to India and explains what it means for bilateral trade.
Chinese stocks listed in the U.S. fell during Monday trading in reaction to the weekend's poor economic data from China.
BEIJING, Sept 16- A signboard at the top of a staircase in the ageing Beijing offices of the National Development and Reform Commission directs lawyers and company officials to numbered conference rooms for antitrust meetings.
BEIJING/ NAGOYA, Japan, Sept 16- Toyota Motor Corp is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said.