CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI closes in on $90/barrell and gold hit a 9-month low. The stronger dollar is why, says DeAngelis.» Read More
BEIJING— An explosion at a fireworks factory in southern China on Monday killed six people and injured 38 others, the local government said. The blast shook Nanyang Export Fireworks Factory, the city of Liling in Hunan province said. China is the world's largest producer of fireworks, which are widely used to celebrate the lunar new year.
Mark Hantho, Deutsche Bank, discusses the experience with Alibaba's IPO process. Deutsche Bank was among the main Alibaba underwriters.
Discussing how to trade Alibaba right now, and the outlook for China's economy, with David Katz, Matrix Asset Advisors, and David Seaburg, Cowen & Co.
The missing chief executive of China's Ultrasonic has resurfaced in China to deny absconding with millions of dollars, saying he lost his phone.
It is the first such port call to Iran by the People's Liberation Army Navy and highlights the efforts both China and Iran are making to counterbalance the power of the United States in the Middle East and along the sea lanes connecting the oil fields of the Gulf with major energy-consuming centers in Asia.
Microsoft has delayed the launch of its Xbox One game console in China, but said it would be released by the end of the year.
*Focus on Tuesday's flash HSBC PMI for China. LONDON, Sept 22- Copper dropped to a three-month low on Monday, weighed by demand concerns ahead of manufacturing data from top consumer China that is likely to show stalling factory growth in the world's second-largest economy.
SHANGHAI, Sept 22- The missing chief executive of embattled German-listed Chinese shoe maker Ultrasonic AG has resurfaced in China to deny absconding with millions of dollars of company money, telling local media he had been travelling and lost his phone.
Wall Street looked set to start the week lower, following the buzz around Alibaba's market debut and the Scottish referendum last week.
BEIJING/ SHANGHAI, Sept 22- Nissan Motor Co Ltd said on Monday it had set up a joint venture to manufacture and market its Infiniti brand in China, seeking to cash in on higher demand for understated luxury sedans in the world's biggest auto market.
*China to restrict imports quotas to 894,000 tonnes in 2015. *China only offering quota linked to WTO commitment in 2015. BEIJING, Sept 22- China, the world's top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fiber, a senior official said on Monday, in a move that is expected to put downward pressure on international prices.
*China to restrict imports quotas to 894,000 tonnes in 2015. *China only offering quota linked to WTO commitment in 2015. BEIJING, Sept 22- China, the world's top consumer of cotton, will slash its import quotas for 2015 to boost demand for domestic fibre, a senior official said on Monday, in a move that is expected to put downward pressure on international prices.
HONG KONG, Sept 22- China shares tumbled on Monday as a new batch of initial public offerings started taking subscriptions while investors worried that a flash manufacturing survey due on Tuesday could be more evidence the Chinese economy is slowing significantly.
BEIJING, Sept 22- Growth in China's large factory sector probably stalled in September, adding to worries the economy could be at risk of a sharper slowdown unless Beijing rolls out more stimulus measures, a Reuters poll showed on Monday.
The strike comes as dozens of the city's tycoons and business leaders paid a rare group visit to Beijing to meet with China's communist leaders, who want to bolster support from Hong Kong's pro-establishment billionaire elites for the central government's policies on the semiautonomous city.
*Agile Property plunges after rights issue plan. HONG KONG, Sept 22- Hong Kong shares slumped to two-month lows on Monday, as investors fretted that a preliminary factory survey on Tuesday could provide more evidence of a slowdown in China. The China Enterprises Index of the top Chinese listings in Hong Kong slid 1.8 percent to its lowest since July 22.
Shanghai Husi Food Co. has been under investigation since a Shanghai TV station reported in July it repackaged and sold old meat. Its owner, OSI Group of Aurora, Illinois, said it will lay off 340 people at the Shanghai unit. "Over the past two months, Shanghai Husi has experienced significant financial and customer losses," said an OSI Group statement.
Tim Condon, Head of Research, Asia at ING Financial Markets, explains why he expects Tuesday's HSBC flash PMI for August to come in above market expectations.
Chinese people are much more likely than American people to believe that their government sides with them over corporations.
Young Americans are less likely to spend extra to purchase "Made in USA" products than their older countrymen, but some hope to change that.