Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.» Read More
HONG KONG, Jan 25- Hong Kong shares are likely to open slightly higher on Friday tracking positive sentiment from encouraging U.S. jobless claims figures and solid China factory data. The Hang Seng Index was set to open up 0.23 percent at 23,653.54 points.
HONG KONG, Jan 25- Hong Kong shares look set to start firmer on Friday, tracking positive sentiment from encouraging U.S. data released on Thursday and after solid China factory data. Its investors Singapore sovereign fund GIC, U.S. private equity fund TPG Capital and Viva China Holdings Ltd had given their "irrevocable undertakings" to the company.
London trumped Hong Kong for the dubious accolade of world's most expensive city for office space, according to a recent survey.
Apple's third straight disappointing quarter signals an urgent need for the global technology leader to drum up new revenue - and China may provide the answer.
*Apple needs China more than ever, but obstacles aplenty. HONG KONG, Jan 25- Apple Inc's third straight disappointing quarter signals an urgent need for the global technology leader to drum up new revenue- and China may provide the answer.
LONDON, Jan 24- The Bank of England is prepared in principle to become the first G7 central bank to enter into a foreign exchange swap agreement with China, opening the door to another substantial step in moves to liberalise the yuan currency.
HONG KONG/ LONDON, Jan 24- Barclays wants to remain a big player in investment banking even though the British bank is cutting costs and jobs in that business, including at least 70 in its Asian division.
HONG KONG, Jan 24- A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show.
*Apple suppliers hit after tech giant's revenue miss. Weakness in mainland markets dragged on Hong Kong, with the Hang Seng Index down 0.2 percent to 23,598.9, pulling further away from chart resistance at about 23,708, the high on May 31, 2011.
HONG KONG, Jan 24- Hong Kong shares slipped for a second-straight day on Thursday, falling further away from chart resistance that had stymied gains for about a week, with Apple Inc's suppliers hit after the tech giant reported underwhelming quarterly revenue. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.6 percent.
*Looking to renegotiate supply deal with China's Chalco. ULAN BATOR, Jan 24- Mongolia's giant Tavan Tolgoi coal project is facing financial problems and an up to $3 billion initial public offering for the mine will not go ahead this year as originally scheduled, the chief executive of the company in charge of the deposit said on Thursday.
SINGAPORE, Jan 24- London copper drifted Thursday, supported by expansion in China's factories that fuelled confidence in the country's recovery although patchy reports from the U.S. corporate earnings season kept a lid on prices.
HONG KONG, Jan 24- China shares finished a choppy session lower on Thursday as investors took profit on outperformers such as China Merchants Bank, triggering a sharp intra-day reversal on the benchmark indexes that could point to further losses. The CSI300 of the top Shanghai and Shenzhen listings closed down 1 percent at 2,582.8.
*Apple's below-view results, N. Korea threat drag markets. TOKYO, Jan 24- Asian shares fell on Thursday in choppy trade, as positive Chinese manufacturing data was eclipsed by North Korea threatening a nuclear test and on below-view results from Apple Inc..
"After last year, one should consider that the likely outcome for Europe in the next decade is 1 percent annual growth," said Ontario Teachers' Pension Plan CEO Jim Leech, who is not planning to venture into Europe's "wine-belt" countries such as Spain and Italy for investments.
*Apple suppliers tumble after Apple's revenue miss. HONG KONG, Jan 24- China shares surrendered strong early gains on Thursday, weighing on Hong Kong, after North Korea said it was proceeding with plans for more rocket launches and a nuclear test.
SINGAPORE, Jan 24- London copper was steady on Thursday, supported by expansion in China's factories that fuelled confidence the country's recovery was gaining speed, although patchy reports over the U.S. corporate earnings season kept a lid on prices.
Michael McCarthy, Chief Market Strategist at CMC Markets. China's leaders are taking steps to ensure stabilizing growth. Contraction in Europe unlikely to dampen global growth, with the IMF forecast of 3-3.5% growth in 2013.
HONG KONG, Jan 24- Hong Kong shares look set to start lower on Thursday, ahead of a private preliminary survey of January manufacturing activity in China expected shortly after the market open.
The nascent market for "dim sum" bonds - denominated in Chinese yuan but issued outside the mainland - is poised for strong growth this year, gaining traction even as China opens its own markets to lure investors' money directly inside its borders.