A food safety scare in China is testing Chinese consumers' loyalty to foreign fast-food brands, including McDonald's and Yum Brands.» Read More
*COGO H1 net profit down 31 pct, cuts FY sales target 22 pct. HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
*Yum says China meat scare impact "significant, negative". July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
Just 18 months earlier, KFC's sales plunged in China after a supplier violated rules on drug use in chickens. Global fast food chains are rushing to expand in China but even experienced operators face costly pitfalls in a fast-changing food supply industry plagued by repeated safety scandals.
HONG KONG, July 31- China shares finished their best month since 2012 on a positive note on Thursday, with banks and mining companies leading index solid gains. Zijin Mining Group surged 7.1 percent and Zhongjin Gold Corp 9 percent.
SHANGHAI, July 31- Chinese fund managers said they would raise the proportion of their portfolios invested in stocks over the next three months, following June's upward trend, amid hopes that China's economy is stabilizing, according to a Reuters poll.
*China Resources Land extends gains after Barclays upgrade. HONG KONG, July 31- Hong Kong and China shares, on track for their best month since 2012, had choppy trading in reduced volumes on Thursday as investors remained cautious ahead. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4 percent.
BEIJING, July 31- China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday.
BEIJING— The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
BEIJING, July 31- China should set an economic growth target of 6.5-7 percent for 2015, below its goal for 2014, and refrain from stimulus measures unless activity threatens to slow sharply from that level, the International Monetary Fund said on Thursday.
HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.
Obama also used the speech to lampoon Congress, saying it should "stop being mad all the time. Stop just hating all the time."
July 30- Diamond rings on display at Nordstrom's flagship Seattle store are not for sale. It is the first time the company has turned to brick and mortar in its 15- year history, showcasing products in two Nordstrom stores.
BERLIN, July 30- Germany and the European Union are trying to convince several non-EU countries to join the bloc and United States in imposing sanctions against Russia for its support of separatist rebels in eastern Ukraine, the Foreign Ministry said on Wednesday.
*Manufacturing growth in China expands. LONDON, July 30- Lead prices fell on Wednesday as investors took profits after a rally this month, but a brighter global economic outlook is seen providing support to industrial metals. Part of that is driven by improving macro sentiment, "said commodity analyst Ivan Szpakowski of Citi in Shanghai.
China is muscling tech firms and investors need to pay attention — this could impact future earnings, says Michael Yoshikami.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
CNBC's David Faber speaks to Henry McVey, KKR head of global macro & asset allocation, about investing in China and what regions have the best investment opportunities and the biggest risks.
The console will cost 3,699 yuan ($600) without the Kinect motion detection system and 4,299 yuan ($700) with Kinect.
SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third biggest gaming market after a ban on the devices was lifted this year.
BANGKOK— Thailand's military government approved a massive budget to upgrade the country's railways including high-speed rail that would eventually link with China as part of an eight-year plan to improve infrastructure, officials said Wednesday.