CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.» Read More
SAN FRANCISCO/ HONG KONG, April 17- Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters.
For big business in China he's a headache, part of a small but fast-growing industry built around exposing corporate wrongdoing.
NEW YORK— Two Chinese Internet companies, a sporting goods retailer and a travel software provider rose in their stock market debuts Thursday.
LONDON, April 17- Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. The metal had fallen nearly 2 percent on Tuesday and has remained broadly range-bound since then around $1,300 on fears over slowing demand in top consumer China.
BEIJING— China's ruling Communist Party says the chairman of a massive state-owned conglomerate is being investigated on suspicion of corruption, nine months after the government audited the company.
BEIJING/ SHANGHAI, April 17- China has backtracked on its policy of capping retail prices on medicines and will allow pharmaceutical companies to set prices for some drugs, after criticism that controls had caused a drug drought that derailed treatment for millions of patients.
BEIJING, April 17- A nationwide investigation has shown that as much as 16 percent of China's soil contains higher-than-permitted levels of pollution, the environment ministry said on Thursday.
BEIJING, April 17- Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile.
LONDON, April 17- Drugmaker GlaxoSmithKline- hit by bribery claims in five countries- is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices.
*Investors await developments in Ukraine. LONDON, April 17- Gold fell below $1,300 an ounce on Thursday as investors cut exposure to gold-backed funds and weighed the impact of Ukraine tensions, while worries over the strength of Chinese demand continued to weigh.
RIZHAO, China, April 17- Chinese buyers may default on a further 1.2 million tonnes of soybeans worth about $900 million being shipped from the United States and South America, to avoid incurring huge losses in a depressed local market, the country's top soy buyer said.
BEIJING— Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities. Lincoln is a late comer to China's luxury car market, but Robert Parker, president of Lincoln China, said the brand is being introduced here after much deliberation and research.
BEIJING, April 17- China's property market could threaten Beijing's plan to manage a slowdown in growth, as evidence mounts of a rapid cooling in what had been one of the few strong spots in the world's second-largest economy.
BEIJING— A strike at the Chinese factories of the world's biggest athletic shoe maker snowballed Thursday to about 30,000 workers, a labor group said, making it one of the largest-ever work stoppages at a private business in China.
HONG KONG— As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper. Caught in the middle are companies like Linan Meite, which sells shipping-container loads of electronics cable to customers in Europe and North and South America.
*Asian shares higher, tracking Wall Street. SINGAPORE, April 17- Gold fell for a second session out of three on Thursday on higher equities and as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.
BEIJING, April 17- China shares closed down on Thursday, pulled lower by weak real estate shares as investors braced themselves ahead of housing data expected to show property price growth slowed in March. The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent.
*R8 boosts Audi's U.S. pricing power vs BMW, Mercedes. BERLIN, April 17- Lamborghini is flaunting a technology-packed supercar at this week's Beijing auto show that will spice up its parent company Audi's own offerings just as the second-biggest luxury carmaker struggles to prove its technical prowess.
BEIJING— China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models.
MUMBAI, April 17- Indian raw cotton exports are expected to plummet around 20 percent in the next crop year, with demand from China fading as Beijing unwinds a controversial stockpiling scheme.