Federal authorities have obtained confidential documents that shed new light on JPMorgan Chase's decision to hire the children of China's ruling elite. The New York Times reports.» Read More
PARIS/ HONG KONG, Dec 5- Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday. The 50-50 partnership "will allow Renault to deploy its ambitious strategy in the world's largest automotive market", the French company said in a statement.
Vice President Joe Biden traded strong arguments Wednesday over China's contentious new air defense zone, with little indication of progress toward defusing a situation that is raising anxieties across Asia and beyond.
SHANGHAI, Dec 5- China's government banned financial institutions from trading in bitcoin on Thursday, in what analysts said was a restrained first step towards regulating the digital currency that has exploded in popularity in China and soared in value in recent months.
PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.
BEIJING, Dec 5- China's leaders are expected to gather at a closed-door meeting next week to set policy and reform priorities for 2014, sources with government think tanks said, following a party meeting that laid out a bold reform agenda for the next decade.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
*CEO says addressing technical issues to push London launch. SINGAPORE, Dec 5- CME Group says the delayed launch of its first overseas bourse could come in London in the first quarter of 2014, as the top U.S. futures market operator intensifies its focus on overseas growth.
HONG KONG, Dec 5- China shares slipped from multi-week highs on Thursday, led by telecoms equipment maker ZTE Corp as investors took profits after Beijing issued long-awaited 4 G licences to China's three biggest mobile operators.
SYDNEY, Dec 5- Asian markets were mostly under water on Thursday as persistent speculation about the fate of U.S. stimulus lifted bond yields globally, while Japanese shares struggled to find their footing after a spill.
*Asian shares subdued after soft Wall St, Nikkei off again. SYDNEY, Dec 5- Asian markets were mostly under water on Thursday as never-ending speculation about the fate of U.S. stimulus lifted bond yields globally, while Japanese shares struggled to find their footing after a spill.
*China Mobile outshines rivals after reported Apple iPhone deal. HONG KONG, Dec 5- China shares slipped from multi-week highs early on Thursday led by telecom equipment maker ZTE Corp as investors took profits after Beijing issued long-awaited 4 G licenses to China's three biggest mobile operators.
BEIJING, Dec 5- China's Foreign Ministry said on Thursday that China told visiting U.S. Vice President Joe Biden that Beijing's decision to set up an air defence identification zone in the East China Sea accorded with international law.
Vice President Joe Biden said on Thursday that China's announcement of an air defence identification zone over the East China Sea had caused apprehension in the region, and that he was firm about the U.S. stance on the move during talks in Beijing.
Vice President Joe Biden said on Thursday that China's recent announcement of an air defence identification zone over the East China Sea had caused apprehension in the region, and that he was firm about the U.S. stance on the move during talks in Beijing.
HONG KONG, Dec 5- China Mobile Ltd, the country's largest mobile operator, has signed a long-awaited deal with Apple Inc to offer iPhones on its network, the Wall Street Journal reported on Thursday, citing an anonymous source familiar with the matter.
SINGAPORE, Dec 5- London copper slipped on Thursday from a nine-day high hit in the previous session, as a short-covering rally triggered by surprisingly robust U.S. jobs data ran out of steam. *Copper prices rallied to $7,128 a tonne on Wednesday, the highest since Nov. 25.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold jumped $25 today, mostly on "position squaring," she reports. All eyes are now on tomorrow's jobs number and what that means to the taper.
NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.
NEW YORK/ SHANGHAI, Dec 4- Yum Brands Inc's KFC website in China trumpets the slogan "Trust in every bite." That message is part of the company's new "I Commit" campaign intended to reassure customers in its largest market, who have cut back on visits since Chinese media reports a year ago about excessive antibiotic use by a few KFC suppliers.