Don Gimbel, CIO, International at Geneva Investment Management of Chicago, says China's first-quarter GDP data is "reasonably accurate" and reflects ongoing transition in its economy.» Read More
Shipbuilder Sainty Marine Corp Ltd on Tuesday became the latest listed firm to report that it had failed to receive principal and interest repayments on a 900 million yuan loan to a property developer. The same day, Qiaqia Food Co Ltd announced that it would launch a lawsuit against another food producer for failing to pay interest on a 40 million yuan loan.
SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.
Geoffrey Yu, FX strategist at UBS, discusses why shorting the Aussie dollar is an attractive trade.
BEIJING, April 16- Chinese and Hong Kong investors shrugged off China's first quarter growth that was the slowest in 18 months, leaving all major indices in positive territory on Wednesday.
Jeremy Stretch, Head of FX Strategy at CIBC, says mixed economic data from China could weigh on the Australian dollar.
Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says a recovery in the U.S. and Europe can provide stabilization for commodities in the second-quarter.
TOKYO— Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine's crisis and slower economic growth in China.
Will Oswald, Global Head of FICC Research at Standard Chartered, says Beijing has the tools to guide its economy to a soft landing.
BEIJING, April 16- China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady the world's second-largest economy. It was China's slowest annual growth since the third quarter of 2012, when growth was also 7.4 percent.
*Nikkei leads the way encouraged by late rally on Wall St. SYDNEY, April 16- Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.
Francis Cheung, Head of China and Hong Kong Strategy at CLSA, says better than expected first-quarter growth is a "good sign" that Beijing can guide its economy to a soft landing this year.
BEIJING— CORRECTION: China's economic growth slows to 7.4 percent, slowest since third quarter of 2012..
More members of the Chinese elite are eschewing flashy logos for bespoke goods. CNBC's Julia Wood reports.
Bill Maldonado, CIO, Asia Pacific at HSBC Asset Management, discusses expectations for China's first-quarter gross domestic product (GDP).
Medha Samant, Investment Director, Asian Equities at Fidelity Worldwide Investment, says markets should opt for a long-term outlook rather than be caught up with China's first-quarter GDP.
SYDNEY, April 16- Commodity currencies nursed heavy losses early on Wednesday, while the other major currencies struggled for clear direction as investors kept a nervous eye on developments in Ukraine and ahead of a slew of Chinese economic data.
Donald Straszheim, Senior Managing Director, China Research at ISI Group, says there is no way Chinese policymakers can maintain growth while deleveraging the economy.
WASHINGTON— The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The Treasury Department said China's currency, the renminbi, has appreciated but not as fast or as much as needed.
Treasury stopped short of declaring China a currency manipulator, but singled it out among large U.S. trading partners for its currency practices.
The Obama administration on Tuesday told Beijing it was watching the value of China's currency closely.