Werner Husmann, President for Asia Pacific at Steinway & Sons, highlights the rise of wealthy individuals in China as one of the factors fueling its business in the mainland.» Read More
*Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper rose on Friday, just short of a 4-1/ 2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. "Copper had a strong day yesterday but is more muted today.
BEIJING, July 25- Chinese banks' bad loan ratio rose to 1.08 percent at the end of June from 1.04 percent in March, the banking regulator said on Friday, adding to concerns a slow economy and cooling property market could weigh on banks and brew up financial risks.
HONG KONG, July 25- McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China.
SYDNEY, July 25- London lead charged to its highest this year on Friday amid a broad spread rally in metals, as investors bought the contract that has underperformed its peers on growing economic optimism over top metals user China. Shanghai lead surged its limit up of four percent, while prices jumped almost two percent in London.
HONG KONG, July 25- Hong Kong's benchmark share index rose 0.3 percent on Friday, closing at its highest level in more than three years, buoyed by stronger China markets. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.5 percent to its highest close since December 13.
HONG KONG, July 25- China' index of leading Shanghai and Shenzhen shares posted its biggest weekly gain in over 10 months on Friday, powered by continued strength in blue chips which are seen benefiting from a coming stock exchange connection between Shanghai and Hong Kong.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
*New China Life Insurance drops after report says Temasek sold shares. HONG KONG, July 25- China shares are headed for their best weekly gain in 3-1/ 2 months on Friday, powered by continued strength in blue chips including bank stocks that is helping mainland markets outperform Hong Kong.
BEIJING— General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts. This is GM's third recall in China in 14 months. In May 2013, they recalled imported SRX sport utility vehicles to adjust nuts on wheels.
BEIJING, July 25- China Telecom Corp Ltd will start selling Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said in a statement on Friday.
HONG KONG, July 25- China's yuan snapped a three-day firming streak on Friday, after the central bank set a weaker midpoint for the third consecutive day in line with global strength in the dollar. The People's Bank of China fixed the official midpoint at 6.1597, down 0.03 percent from the previous day's 6.1579.
BEIJING— A government newspaper says Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly. Citing a planning agency official, the China Daily on Friday said the results of an investigation into Qualcomm will be released soon.
BEIJING— Baidu Inc., which operates China's most popular search engine, said Friday its quarterly profit rose 34 percent over a year earlier as its mobile business grew. Baidu and other Internet companies are building mobile e-commerce and other services as Chinese users shift rapidly to going online using smartphones and tablet computers.
SHANGHAI, July 25- Shanghai Husi Food, the U.S.-owned Chinese food supplier at the center of a meat safety scandal, won a court case earlier this year against a former quality control officer whose claims included that he was made to forge meat production dates. He said Shanghai Husi, which is owned by privately-held Illinois- based OSI Group, ignored his pleas.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken burgers off the menu after a mainland Chinese supplier was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
HONG KONG, July 25- McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the U.S.-owned company at the center of a food safety scare in China.
HONG KONG, July 25- McDonald's Corp said it has suspended sales of its chicken nuggets and other items in Hong Kong after it acknowledged it had imported products from Shanghai Husi Food, the company at the centre of a food safety scare in China.
HONG KONG, July 24- Throughout his career at China's biggest oil producer, Jiang Jiemin was careful to put politics before business, say colleagues who worked closely with the purged executive.
BEIJING/ HONG KONG, July 24- Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor. Their relationship was on display ahead of the party's 18th congress in November 2012, when both attended a banquet for CNPC veterans of a 1980 s drive to find oil in remote western China.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.