Taimur Baig, Chief Economist, Asia, Deutsche Bank, explains his bullish call and says markets are underestimating the bounce China will see from exports and de-regulation.» Read More
Beginning Jan. 1, pilots flying from the country's 10 busiest airports into the Chinese capital must be qualified to use an instrument landing system on days when smog reduces visibility to around 400 metres, the official China Daily said, citing China's civil aviation regulator.
HONG KONG, Dec 12- China Cinda Asset Management Co Ltd is set to rise 23 percent in its Hong Kong trading debut on Thursday, after raising $2.5 billion in the biggest initial public offering for the Asia-Pacific region this year.
BEIJING, Dec 12- The day before China's Communist Party published one of its most important policy statements in a decade, a copy of the reform plans was already circulating on Chinese social media.
*Moves in Europe, Australia clear the decks for new CEO Barra. DETROIT, Dec 11- With General Motors Co in recent days setting in motion big changes around the globe, the focus for new Chief Executive Mary Barra and her team will be making cars and trucks that prove popular enough to help end losses in Europe, analysts said.
*Peugeot board approves French-backed Dongfeng plan- source. *Peugeot hopes to conclude deal in Jan-Feb- source.
*China 2013 corn output seen record high-CNGOIC. BEIJING, Dec 11- China has blocked the entry of another U.S. corn cargo, and three more may be turned away, after tests found a strain of unapproved genetically-modified corn.
CNBC's Bob Pisani reports on what's moving in the markets and why the Chinese IPOs are hot.
CNBC's Bob Pisani reports Autohome has opened for trading, and explains what the company does and how they make money.
*Spot Q1 premiums could hit 5- year highs of $250- 280/ T. HONG KONG/ SINGAPORE, Dec 11- Copper users in top consumer China are braced to pay higher premiums to procure metal and global exchange stocks have slumped to five-year lows, flagging tight supply that some traders expect to stretch out into next year.
SHANGHAI, Dec 11- China is seeing a resurgence of "hot money" seeking to cash in on the rallying yuan and record-high interest rates, contributing to distortions in its trade data as speculators move money through regulatory loopholes. The return of distorted trade figures is unlikely to be welcomed by the People's Bank of China, although it is facing a dilemma.
*European shares, dollar flat after Asia, Wall Street slip. LONDON, Dec 11- Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months. News that U.S. budget negotiators had reached a two-year agreement couldn't overcome the year-end blues in Asia.
SHANGHAI, Dec 11- The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China's capital controls.
Banks made 624.6 billion yuan worth of new yuan loans in November, higher than a forecast of 590 billion yuan and well above the previous month's 506.1 billion yuan, data released on Wednesday by the People's Bank of China showed.
SINGAPORE, Dec 11- London copper was holding near one-month highs on Wednesday, stalling after three sessions of gains but underpinned by a weaker dollar and steady buying from top consumer China. Copper prices have been buoyed by a shortfall in physical markets amid robust financing demand from China.
BEIJING, Dec 11- A Chinese oil pipeline punctured twice a week by oil thieves cleared a safety inspection just two months before a section of the line exploded and killed 62 people in November, sources at the pipeline operator Sinopec said.
HONG KONG, Dec 11- China shares suffered their biggest daily loss in a month on Wednesday, led by the non-banking financial sector as investors took profits on recent outperformers before the end of an annual economic planning meeting.
"U.S. fiscal issues are likely to be less of an issue for investors next year," said Shane Oliver, head of investment strategy and chief economist at AMP Capital. Celebrations were certainly muted in Asia, with Japan's Nikkei off 0.9 percent and South Korean shares down 0.6 percent even as the country reported its lowest jobless rate on record.
HONG KONG, Dec 11- China shares sank to their lowest in more than a week early Wednesday, weighing on Hong Kong markets, as coal producers slid after the country's top economic planner said its use will be curbed to combat pollution.
Stephen Sheung, Head of Investment Strategy at SHK Private, and Fraser Howie, Director at Newedge, discuss how the world's second-largest economy will fare next year.
SHANGHAI, Dec 11- Five Chinese banks will sell 19 billion yuan of negotiable certificates of deposits on Thursday, the official Shanghai Clearing House announced on its website, ushering a new phase for the liberalisation of Chinese interest rates.