China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.» Read More
LONDON, Aug 21- Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11- month high.
*China July sugar imports more than triple mth before. BEIJING, Aug 21- China's sugar imports more than tripled in July from the month before to 280,000 tonnes as traders took advantage of lower global prices, but pressure from domestic inventory looks set to keep full year imports below 2013' s record levels.
LAUNCESTON, Australia, Aug 21- China's natural gas dilemma was neatly illustrated by two recent announcements, the first a price increase and the second the closing of two gas-processing plants.
BEIJING, Aug 21- The Beijing municipal government will add 120 companies to its emissions trading scheme from 2014, bringing in sectors like public transport in a bid to strengthen control over the city's rapidly growing greenhouse gas emissions.
BEIJING, Aug 21- The Beijing municipal government will added 120 companies to its emissions trading scheme from 2014, bringing in sectors like public transport in a bid to strengthen control over the city's rapidly growing greenhouse gas emissions.
HONG KONG, Aug 21- China shares posted their worst daily loss in a week on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.
*China stepping up checks on U.S. sorghum cargoes- traders. The move comes after China has already rejected more than 1 million tonnes of U.S. corn due to the presence of genetically modified strain that has not been approved by Beijing.
SEOUL, South Korea— Kim Min- koo has an easy reply to new American research that hits South Korea where it hurts— in the noodles. Instant noodles carry a broke college student aura in America, but they are an essential, even passionate, part of life for many in South Korea and across Asia.
ULAN BATOR/ BEIJING, Aug 21- Chinese President Xi Jinping arrived in Mongolia on Thursday for a two-day visit designed to deepen economic ties between the neighbours, with Mongolia desperate to kickstart its struggling economy with fresh investment.
SYDNEY, Aug 21- Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing overshadowed better news from Japan, while the U.S. dollar was buoyed by speculation of an earlier rate rise from the Federal Reserve.
ULAN BATOR, Mongolia— China and Mongolia pledged Thursday to almost double their annual two-way trade to $10 billion by 2020 as President Xi Jinping became the first Chinese head of state in more than a decade to visit this sprawling resource-rich nation sandwiched between China and Russia.
*Coal producers down as Beijing orders curbs on oversupply. HONG KONG, Aug 21- Hong Kong and China shares weakened on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.
*The HSBC/ Markit flash China PMI hits 3- month low in Aug. BEIJING/ TOKYO, Aug 21- China's manufacturing activity hit a three-month low in August, raising the case for fresh policy steps to keep growth on track, while a Reuters poll showed Japan's economic recovery is likely to be modest despite an small acceleration the factory sector.
*China Aug factory activity slowed to 3- month low. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index fell to 50.3 from July's 18- month high of 51.7, missing a Reuters forecast of 51.5. "Today's data suggest that the economic recovery is still continuing but its momentum has slowed again," said Hongbin Qu, chief economist for China at HSBC.
Liu Li Gang, Chief Economist, Greater China at ANZ, says the poor HSBC China flash PMI for August suggests a need for further easing from the People's Bank of China.
SYDNEY, Aug 21- London copper stayed around $7,000 a tonne mark on Thursday after a gauge on China's factory health showed growth slowed in August, denting optimism over demand fuelled by brightening prospects in the United States.
HONG KONG— Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, says a fragile recovery in China and a stronger U.S. dollar ahead will cap gains in the Australian currency.
Erwin Sanft, MD and Head of China & HK Equity Research at Standard Chartered, explains why Chinese economic data are poised for a pickup in the fourth quarter.
SYDNEY, Aug 21- Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan. Investors reacted by selling the Australian dollar, often a used as a liquid proxy for bets on China, while shares in Shanghai dropped 0.5 percent.