Western critics say China is experiencing a hard landing, but that's not quite true, says Dan Steinbock.» Read More
*New study shows China's productivity growth turned negative after global financial crisis.
*Rejected as pariah by West, Mugabe welcomed in Beijing. HARARE/ BEIJING, Aug 28- Snubbed by a U.S.-hosted gathering of African leaders this month, Zimbabwe's veteran President Robert Mugabe has turned again to "old friend" China, but even Beijing's support may not be enough to rescue his country's sinking economy.
*Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.
HONOLULU— Hawaii tourism officials said Thursday they were tempering their expectations, but they still anticipate continued growth for the state's biggest industry. Still, growing numbers of travelers from markets like Australia, China and South Korea should help fuel continued expansion.
KUALA LUMPUR, Aug 28- Malaysia Airlines has warned of poor second-half earnings as passenger bookings continue to fall in response to the loss of two aircraft in separate disasters this year.
KUALA LUMPUR, Aug 28- Malaysia Airlines on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.
BEIJING— State-owned PetroChina, East Asia's biggest oil producer, says its profit in the first half rose 4 percent as sales of gasoline and natural gas increased. PetroChina Ltd. said Thursday it earned 68.1 billion yuan, or 0.37 yuan per share, in the six months ended June 30.
*PetroChina says aims to make Athabasca payment soon. HONG KONG, Aug 28- PetroChina, the country's top oil and gas producer which also owns refineries, posted a 15 percent rise in second-quarter profit, partly due to higher upstream earnings and improved refining margins.
HONG KONG, Aug 28- Anti-corruption officers in Hong Kong on Thursday raided the home of Jimmy Lai, a media magnate and outspoken critic of Beijing who has supported pro-democracy activists through his publications and with donations.
HONG KONG— Hong Kong anti-corruption police on Thursday searched the homes of a media magnate who is an outspoken critic of Beijing and a pro-democracy legislator after receiving a complaint alleging that lawmakers had taken bribes.
BEIJING, Aug 28- Activity in China's vast factory sector likely weakened in August as demand faltered, a Reuters poll showed on Thursday, reinforcing expectations that further policy steps may be needed to keep economic growth on track.
SYDNEY, Aug 28- Copper steadied in low trade volumes on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand.
HONG KONG, Aug 28- China shares slipped on Thursday as a batch of initial public offerings started taking subscriptions, diverting money from existing stocks and pulling down the indexes to multi-week lows. Agricultural Bank of China, joining two other major banks, late on Tuesday reported slowing profit growth and rising bad loans for the second quarter.
HONG KONG, Aug 28- Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.
Weakness in the mainland market pared gains in Hong Kong, which had opened up 0.6 percent following another steady performance by Wall Street, where indexes hovered near record highs. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.2 percent.
BEIJING/ SEOUL, Aug 28- A China- based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child laborers, denying allegations by a U.S.-based activist group.
"The growth in usage of the renminbi in Europe is going gangbusters," said Evan Goldstein, global head of renminbi services at Deutsche Bank in Hong Kong.
Michael Degolyer, Professor of Government and International Studies at HK Baptist University, discusses the latest developments of Hong Kong's constitutional reform.
Charles Yan, Head of Greater China Consumer Research, Standard Chartered, attributes Mengniu's robust earnings to organic growth and strong contribution from China Modern Dairy.
Tucker Grinnan, Head of Regional Telecommunications Research at HSBC, outlines the preferences of Chinese mobile data users.