King Lip, Chief Investment Officer at Baker Avenue Asset Management, explains why the revoke of two publication licenses due to obscene content will not hurt the internet giant.» Read More
SHANGHAI, April 24- Sportswear company Adidas AG is shifting some orders from a factory in south China that has been at the centre of one of the country's biggest labour strikes, underlining a rising challenge for companies operating in China, where an increasingly assertive workforce is pushing harder for its rights.
NEW YORK— Lyft, the on-demand ride-sharing app best known by the fuzzy pink moustaches on its cars, is launching its service in 24 new U.S. markets. The expansion nearly doubles the startup's U.S. markets and includes smaller cities such as Fresno, Calif.; Lincoln, Neb.; and Corpus Christi, Texas.
The big environmental argument for nuclear energy: Its carbon emissions are the lowest among major power sources.
NEW YORK, April 24- If famed investor Jim Rogers is known for one trait above all, it is for spotting themes early-- and betting on them big. So when the co-founder of The Quantum Fund and author of "Adventure Capitalist" became a father, he naturally thought of how best to give his daughters an advantage.
In 25 years the U.S. dollar will probably still be the world's reserve currency, and bitcoin may not be around at all.
Caterpillar's businesses in China are "doing well," which was evident in the 30-percent increase in Q1 sales there, CEO Doug Oberhelman tells CNBC.
LONDON, April 24- Aluminium has staged an impressive price rally since the start of the month. On the London Metal Exchange three-month metal has powered up to $1,900 per tonne, a level last seen in October 2013.
BEIJING— China plans to revoke two crucial publication licenses for Sina.com, which might partially ban the web giant's operations, because obscene content was found during an anti-pornography crackdown, state media said Thursday. Sina apologized for "the suspected problem" of pornographic content on its literature and video sites.
GM posted lower quarterly profit after its massive recall, but results still topped expectations.
LONDON, April 24- Global stocks rose on Thursday lifted by upbeat earnings from tech heavyweights Apple and Facebook which helped shake off some of the concerns about overheating that have dented the sector in recent weeks.
TOKYO/ BEIJING, April 24- Three employees at one of Marubeni Corp's grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports.
*Physical copper premiums in China rising sharply. LONDON, April 24- Copper touched its strongest level in three weeks on Thursday and nickel surged to a new 14- month peak as seasonal Chinese demand for metals ramped up and concerns over nickel supplies prompted more speculative buying. "People are looking for slightly firmer demand out of China.
SHANGHAI, April 24- Sportswear firm Adidas AG is shifting some orders from a factory in south China that has been at the centre of one of the country's biggest labour strikes, underlining a rising challenge for firms doing business in China where an increasingly savvy workforce is pushing harder for its rights.
BEIJING— For decades, members of the Chinese public with grievances against local governments have been traveling to Beijing in the time-honored tradition of appealing to the country's highest authorities.
HONG KONG, April 24- A model that allows Hong Kong and Shanghai investors to trade equities on each other's bourses could eventually extend to commodity futures, the chief executive of Hong Kong's exchange said on Thursday.
While Beijing still lags far behind the U.S. in both funding and technology, its spending boom is attracting new scrutiny at a time of severe cuts in U.S. defense budgets that have some questioning Washington's commitments to its Asian allies, including some who have lingering disputes with China.
SHANGHAI, April 24- China's yuan weakened past the key psychological support level of 6.25 per dollar late on Thursday, on increased corporate dollar demand and persistently bearish views of the Chinese currency, traders said.
LONDON, April 24- Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. European bourses started brightly, with the FTSE 100 up 0.5 percent and the DAX, the CAC 40 and markets in Madrid and Milan between 0.7 and 0.9 percent firmer.
*Physical copper premiums in China rising sharply. SINGAPORE, April 24- London copper futures rose to three-week highs on Thursday, underpinned by strong seasonal demand in top consumer China that has lifted domestic premiums, while worries over tight supply pushed nickel to a fresh peak in more than 14 months.
BEIJING, April 24- China shares slipped on Thursday as Shanghai free trade zone-linked companies faced more profit-taking following their strong gains earlier in the week, while rises in property stocks helped limit some of the decline. The CSI300 index of the leading Shanghai and Shenzhen A-share listings shed 0.2 percent.