Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, outlines his optimism in Chinese equities. He also discusses why a correction is due soon in the Indian markets.» Read More
HONG KONG, July 30- China's major indexes broke a long-winning streak on Wednesday, with early gains led by index heavyweight PetroChina Co Ltd offset by falls in property companies and banks. PetroChina was among top index boosts in Shanghai, climbing more than 6 percent at one point before trimming gains to end 3.1 percent higher.
BEIJING, July 30- China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Growth also diverged sharply between eastern and western China.
*PetroChina up, banking and real estate slip. China's major indexes broke a long-running streak as early gains led by index heavyweight PetroChina Co Ltd were offset by plunging real estate and banking shares. PetroChina was among top index boosts in Shanghai, climbing more than 6 percent at one point.
Khiem Do, Head of Asian Multi-Asset at Baring Asset Management, discusses why Chinese financials are trading for less than its book value, despite minimal chances of a bankruptcy in the sector.
SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.
SHANGHAI/ HONG KONG, July 30- When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nervousness over economic data helped drive oil prices lower. Geopolitics has not been a factor. Nat gas was up slightly on the day. And gold was slightly lower, as well.
With lowered guidance, Samsung should focus on how to dominate lower cost smartphones from Chinese companies and maintain its large market share.
BEIJING, July 29- Military drills are a new headache for China Eastern Airlines Corp and other Chinese carriers, causing hundreds of flight delays and cancellations as they grapple with a sharp decline in earnings. The delays could affect flights until mid-August, Beijing's Public Security Bureau said last week.
*Wall St little changed as industrials, techs weigh; telecoms gain. NEW YORK, July 29- World share markets hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in China, while Russian stocks enjoyed some respite after three days of heavy selling.
China is investigating Microsoft in monopoly case, reports CNBC's Eunice Yoon.
Microsoft is suspected of violating China's anti-monopoly laws. Robert Atkinson, Information Technology & Innovation Foundation, says the investigation is a "show trial" and is retaliation for the U.S. government filing suit against Chinese hackers.
Citing compatibility issues, China's State Administration for Industry and Commerce said Microsoft is suspected of a monopoly.
TAIPEI, July 29- A 22- year-old male employee of Taiwan's Hon Hai Precision Industry Co was found dead outside the company's manufacturing campus in the Chinese city of Shenzhen, the company said on Tuesday. It makes parts for Apple Inc's iPhones, iPads and laptops, as well as computers and servers for Hewlett-Packard Co and Cisco Systems Inc..
BEIJING— China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.
BEIJING, July 29- A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest in a growing number of competition probes that have unnerved Western firms in China.
*Honda's N.American Q1 operating profit down 6 pct. Honda said its Mexico plant, which makes the Fit subcompact, was hit by delays as it adopted new manufacturing techniques, but the company kept its full-year U.S. sales targets unchanged and said volumes would get back on track.
*Russia markets steadier after three days of selling, nerves remain. *China& Hong Kong shares buoyed by economic& stimulus hopes. LONDON, July 29- World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some respite after three days of heavy selling.
China is investigating Microsoft for suspected monopoly, reports CNBC's Eunice Yoon.
China's State Administration for Industry& Commerce was investigating a Microsoft vice president and senior managers, and has made copies of the firm's financial statements and contracts, the SAIC said on its website.