Peter Thiel, PayPal co-founder and "Zero to One" author, shares his thoughts on Alibaba's initial public offering.» Read More
*Report of targeted stimulus to big China banks. LONDON, Sept 17- Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.
*Comes after series of weak economic data. SHANGHAI, Sept 17- China's central bank is injecting a combined 500 billion yuan of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
AHMEDABAD, India, Sept 17- A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart.
HONG KONG, Sept 17- China shares ended higher on Wednesday, reversing earlier losses, supported by machinery firms and property developers that were buoyed by Premier Li Keqiang's plans on urbanization.
BEIJING— Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.
AHMEDABAD, India— Chinese President Xi Jinping landed in the Indian prime minister's home state of Gujarat on Wednesday for a three-day visit expected to focus on India's need to improve worn out infrastructure and reduce its trade deficit.
SHANGHAI, Sept 17- China's central bank is injecting a combined 500 billion yuan of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
LAUNCESTON, Australia, Sept 17- Who to believe? In theory, the Chinese ban from the start of 2015 on coal imports above certain ash and sulphur contents appears to favour Indonesia, the world's biggest shipper of thermal coal, over Australia, the world's top exporter of metallurgical coal and number two for thermal coal.
HONG KONG, Sept 17- Hong Kong shares rebounded from eight-week lows on Wednesday, tracking gains in U.S. markets on speculation the Federal Reserve will maintain a pledge to keep rates low when a two-day policy meeting ends later in the day. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.7 percent.
SYDNEY, Sept 17- Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session.
Sept 17- Business sentiment among Asia's top companies fell sharply in the third quarter as last quarter's positive signs from China and Singapore slipped on an uncertain global economic outlook and rising costs, outweighing continued optimism in India, a ThomsonReuters/INSEAD survey showed.
SHANGHAI, Sept 17- China's central bank is injecting a combined 500 billion yuan of liquidity into the country's top banks in moves to support a slowing economy, the Wall Street Journal reported, sending benchmark money market rate sharply lower on Wednesday.
While Indian Prime Minister Modi is intent on wooing investment, he remains guarded against the mainland's strategic intentions, says Lisa Curtis, Senior Research Fellow at the Heritage Foundation.
Michael Kurtz, Global Head of Equity Strategy at Nomura, discusses reports that the People's Bank of China injected liquidity into the country's top five banks.
SYDNEY, Sept 17- Asian shares crept cautiously higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session.
Despite the ongoing anti-graft campaign, demand for diamonds in China remains on an uptrend, says Philippe Mellier, CEO of De Beers Group.
Alibaba is a major player in China's e-commerce space but many brands complain that the firm is also a titan in the country's counterfeit trade. CNBC's Eunice Yoon has more.
BEIJING, Sept 17- Nearly four years after a massive state-run steel mill on the outskirts of Beijing was closed to help cut smog in the Chinese capital, little has been done to clean up the contaminated site.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks and commodities rallied today, on strength in equities and a weaker dollar.
In a sign of the growing maritime piracy problem, the U.S. will join a multinational organization battling crime at sea next month.