China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.» Read More
In an address at the Great Hural, Mongolia's parliament, Xi said China stood ready to share wealth and work with its neighbors for peace and stability. Those comments reflected concerns among some Mongolians of being subsumed by China, whose size and population of 1.3 billion dwarf this landlocked nation of just 3 million sandwiched between China and Russia.
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China.
BEIJING, Aug 22- China's pricing regulator said on Friday U.S. chipmaker Qualcomm Inc was seeking to end an investigation into monopoly practices and had expressed willingness to improve and correct pricing issues.
*Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.
HEXIGTEN, China— Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. This is the first of more than 60 coal-to-gas plants China wants to build, mostly in remote parts of the country where ethnic minorities have farmed and herded for centuries.
HONG KONG, Aug 22- China shares produced a sixth straight weekly gain- the longest such streak since March 2012- though extending it will be challenging given fresh concern about the pace of Chinese economic growth. The CSI300 of the leading Shanghai and Shenzhen A-share listings was also up 0.5 percent on the day, letting it add 0.2 percent on the week.
HONG KONG, Aug 22- China shares edged higher at midday Friday, helped by blue-chips, and might produce a sixth straight weekly gain, which would be the longest such streak since March 2012. Hong Kong shares also rose, tracking gains in most other Asian markets after upbeat U.S. economic data sparked another record close on Wall Street.
HONG KONG, Aug 22- China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data. Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday.
SHANGHAI, Aug 22- Thousands of truck drivers went on strike over salary and haulage rates in the eastern Chinese port of Ningbo this week, and a logistics firm said on Friday the industrial action was disrupting operations at the world's sixth busiest port.
Richard Harris, Chief Executive, Port Shelter Investment Management, explains why Beijing wants to "clip the wings of foreign firms" in the mainland.
Chen Xiaodong, President & CEO, Intime Retail Group, describes the firm's diversification plans. He also explains why the partnership with Alibaba complements its e-commerce platform.
SINGAPORE, Aug 22- Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material.
LONDON, Aug 21- Copper steadied on Thursday after U.S. data signaled a strengthening economy, but sluggish growth elsewhere in the world kept the metal under pressure.
LONDON, Aug 21- For a market supposedly facing an imminent and dramatic supply shortfall, there sure is a lot of nickel around. After storming to a two-year high of $21,625 per tonne in May, LME three-month metal has spent the last couple of months churning around either side of the $19,000 level.
*China, Mongolia sign deals on mining, finance cooperation. *Struggling economy forces Mongolia to tilt towards China.
Hong Kong, which returned to Chinese rule in 1997, has been roiled over the past year over how its next leader is chosen in 2017- by universal suffrage, as the democrats would like, or from a list of pro- Beijing candidates.
HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.
LONDON, Aug 21- Copper, aluminum and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.
*Business growth slows in China, Europe. LONDON/ BEIJING, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.
Qualcomm is one of at least thirty foreign firms to come under scrutiny as China seeks to enforce a 2008 anti-monopoly law- efforts some critics say have unfairly targeted overseas businesses, raising protectionism concerns.