Raymond Yeung, senior economist for Greater China at ANZ, says that all recent data seem to indicate that an earlier-than-expected rebound is underway in China.» Read More
PERTH, Australia— As a robotic submarine dove into the ocean to look for lost Flight 370, angry Chinese relatives stormed out of a teleconference meeting Wednesday to protest the Malaysian government for not addressing them in person.
BEIJING— Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States.
The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower Chinese growth tempered gains. Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in Ukraine following its annexation of Crimea.
FRANKFURT, April 16- Daimler is set to revive Maybach, a brand once coveted by oligarchs, rap stars and royals, to woo a growing class of ultra-wealthy clients in Asia and the United States, a person familiar with the company's plans said.
BEIJING, April 16- China shares closed a touch higher on Wednesday after slightly better-than-expected first-quarter growth data eased worries about a dramatic slowdown in the Chinese economy. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.1 percent.
BEIJING, April 16- China said on Wednesday that it will push forward with reform of its renminbi exchange rate mechanism after the United States criticised Beijing for keeping its currency weak.
April 15- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.
*Softbank, Yahoo reap the benefits of Alibaba holdings. SYDNEY, April 16- Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. "This is likely to be the low point for this year," said Shane Oliver, head of investment strategy at AMP Capital in Sydney.
HONG KONG, April 16- China's yuan held steady against the dollar and traded narrowly on Wednesday, shrugging off the impact of a midpoint at seven-month lows and sluggish economic growth in the first quarter.
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.
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.
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.