GO
Loading...

China

More

  • BEIJING, Nov 27- China's central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday. China has considered insuring savers' deposits for around two decades, but the plans took on new urgency in the past year as the country sought...

  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • HONG KONG, Nov 27- Hong Kong shares finished down on Thursday as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, down 17.4 percent to HK $0.02, China Strategic Holdings, up 7.3 percent to HK $0.06 and Bank...

  • METALS-Copper edges up from 3-week low, forex helps Thursday, 27 Nov 2014 | 2:17 AM ET

    *Despite stimulus, China economy still to slow-analyst. SINGAPORE, Nov 27- London copper edged up on Thursday from a three-week low hit in the previous session as a softer dollar offset concerns over demand growth in top consumer China. "At the beginning the market was euphoric... but in reality things in China will probably continue to slow," said analyst Dominic...

  • HONG KONG, Nov 27- Rapid reforms by Beijing allowing foreign companies to move funds from their China operations across borders relatively freely is boosting treasurers' confidence in using the yuan as the preferred currency for doing business. That has changed in less than three years with Beijing now allowing multinationals to transfer yuan out of China...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.2 percent, to 2,754.49, its highest since February 2013, while the Shanghai Composite Index gained 1.0 percent, to 2,630.49 points, its highest level since August 2011. Among the most active stocks in Shanghai were Everbright Bank, up 7.8 percent to 3.45 yuan; Agricultural Bank Of...

  • Nov 27- Wal-Mart Stores Inc said it has cut more than 20 mid-level jobs in China as part of its effort to lower costs in the world's second largest economy where it has been grappling with slower sales and tough price competition. Raymond Bracy, China- based spokesman for Wal-Mart, said the staff cuts were a "necessary business reality," adding the retailer would pay...

  • The competition intensified as banks bet on robust demand for the currency for use in the Shanghai- Hong Kong stock connect scheme, a landmark link that gives foreign and Chinese retail investors unprecedented access to the two exchanges. "Some banks actively stored yuan funds in the past few months, but now they found demand for the currency was not as strong as...

  • Stocks edge up, oil drops as OPEC eyed Thursday, 27 Nov 2014 | 12:35 AM ET

    The price of oil slumped, however, on expectations that OPEC would not cut production to support the market. KEEPING SCORE: Britain's FTSE 100 rose 0.1 percent to 6,738.68 and France's CAC 40 gained 0.2 percent at 4,380.41. In Europe, investors are also expecting more stimulus from the European Central Bank.

  • SHANGHAI, Nov 27- China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan was added to brokerage accounts in the first...

  • Iconic Chinese liquor maker in graft probe Wednesday, 26 Nov 2014 | 11:00 PM ET

    BEIJING— A top official at iconic Chinese state-owned liquor maker Moutai has been snared in the country's ongoing anti-corruption campaign, the ruling Communist Party's anti-graft body said Thursday. Kweichow Moutai Group deputy general manager Fang Guoxing is under investigation for serious violations of discipline, the Central Committee for...

  • Oil prices near 4- year low as OPEC output cut hopes fade. TOKYO, Nov 27- Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • Outlook for 2015: All about the Fed     Wednesday, 26 Nov 2014 | 7:14 PM ET

    Tai Hui, Chief Market Strategist, Asia at JP Morgan, says the divergence of global monetary policy on expectations of a Fed rate hike will be the key theme next year.

  • EU regulatory concerns curb China stock link volumes Wednesday, 26 Nov 2014 | 5:57 PM ET
    Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange.

    Concerns by Europe's top funds watchdog that the Hong Kong-China trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks.

  • Why the euro's rebound won't last     Wednesday, 26 Nov 2014 | 5:34 PM ET

    Boris Schlossberg, Managing Director at BK Asset Management, says the euro's gains overnight following the announcement of a $392 billion growth plan was just a short covering rally.

  • Commodities tomorrow: Traders eye mood in Vienna     Wednesday, 26 Nov 2014 | 3:26 PM ET

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. OPEC will announce a possible production cut tomorrow.

  • GoPro launching consumer drone product: Report Wednesday, 26 Nov 2014 | 12:19 PM ET
    A SteadiDrone QU4D aerial drone fitted with a GoPro video camera. GoPro is developing its own consumer drone with a high definition camera.

    GoPro is developing its own line of consumer drones with high-definition cameras for launch next year, the Wall Street Journal said.

  • HONG KONG, Nov 26- Concerns by Europe's top funds watchdog that a landmark Hong Kong-China trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks, threatening the success of the project, market participants told Reuters. The so-called Stock Connect scheme, launched on Nov. 17, allows foreign investors...

  • *China secretive on reserves, but target may be 90 days. BEIJING/ SINGAPORE, Nov 26- China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market. Based on data compiled by industry and...