Nicole Wong, Regional Head of Property Research at CLSA, explains why Vanke is playing the right card with its focus on building smaller-sized residential units.» Read More
But surging growth in China means it's a market operators can no longer ignore. Carnival Corp., the No. 1 cruise company, will become the first global cruise operator to have four ships based in China when it deploys its Costa Serena to Shanghai in April.
*Copper premiums in Shanghai bonded zone off 37 pct since July 10. SYDNEY, Aug 20- London copper climbed on Wednesday as a mix of short-covering and a constructive technical picture revived momentum, and as some buyers in top consumer China appeared to be taking advantage of lower prices to restock.
SHANGHAI, Aug 20- China's stock indexes ended lower on Wednesday, on concerns that upcoming new listings will dilute market liquidity even as investors look to take profits from a rise in some large-cap shares.
SHANGHAI, Aug 20- China's stock indexes fell slightly by midday on Wednesday, on worries that upcoming initial public offerings will tax market liquidity even as investors look to take profits from a rise in large-cap shares.
BEIJING— China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry. Officials said earlier that Mercedes Benz, Audi and Chrysler also violated the law.
Li Junheng, Head of Research at JL Warren Capital, says it's possible that BMW will lower prices of its high-end models and that will inevitably impact its partner in the mainland, Brilliance China Automotive.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. The U.S. is awash in oil, even though geopolitical volatility is the rule of the day.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign advisor, to devise and run its global political and branding strategy, as the fast-growing car rides-on-demand firm runs into stiff resistance from taxi companies in some cities.
LONDON/ MELBOURNE- The world's biggest mining company, BHP Billiton, announces plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
China—a low-cost maker of goods—is falling behind in the manufacturing race as wages and energy costs soar.
NSK Ltd. said Tuesday it was fined 174.9 million yuan and NTN Corp. said it was fined 119.2 million yuan. It said the company, a unit of Germany's Daimler AG, used its control over supplies of replacement parts to charge excessive prices. Officials have said Volkswagen AG's Audi luxury unit and Fiat Chrysler Automobile NV's Chrysler also violated the law.
*Heinz says to tighten supplier controls after China food scare. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
Michael Klibaner, regional director and head of research for Greater China at JLL, comments on the Chinese residential real estate market and says developers need to start building for lower income workers.
SHANGHAI, Aug 19- Shanghai's share market ended at new eight-month highs on Tuesday, underpinned by strength in media companies on plans to modernize the industry. The Shanghai Composite Index finished up 0.3 percent at 2,245.33 points, while the CSI300 of leading Shanghai and Shenzhen A-share listings was flat at 2,374.77 points.
Jinsong Du, head of Asia property research at Credit Suisse, says house prices in the second half of the year will not go down as fast as the first half.
*China watchdog find excessive lead levels in some Heinz products. Heinz Co has recalled some infant food products in China after a local watchdog said they contained excessive levels of lead, threatening to dent the company's reputation in a country highly sensitive to food safety.
Miranda Carr, head of China research at NSBO, says a housing market crash in China would have a "profound" impact on the overall economy.
*Hong Kong shares flat ahead of major bank earnings. SHANGHAI, Aug 19- China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.
BEIJING— China's president has promised to rein in "unreasonably high" pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry.