Several book shops on Hong Kong's teeming shopping streets specialize in selling books and magazines banned by China, mostly for their damning accounts of party leaders, past and present. The New York Times reports.» Read More
SINGAPORE, Jan 11- Gold inched lower on Friday but was headed for its biggest weekly rise in more than a month, following a decision by the European Central Bank to keep rates unchanged despite signs of stabilisation in the battered economy.
HONG KONG, Jan 11- Hong Kong shares were set to start higher on Friday, with property developer Sino Land climbing 2.5 percent, continuing a strong run for real estate stocks this week. The Hang Seng Index was set to open up 0.5 percent at 23,478.8. The China Enterprises Index of the top Chinese listings in Hong Kong was indicated to also start up 0.6 percent.
HONG KONG, Jan 11- Hong Kong shares could start slightly higher on Friday, ahead of China's December inflation data expected later in the day that is forecast to hit a 7- month high of 2.3 percent.
*Up to 15 pct of China's iron ore mines stay shut. SINGAPORE/ SHANGHAI, Jan 11- China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy.
Jan 10- A former portfolio manager at Tudor Investment Corp who oversaw energy investing from Singapore for the giant hedge fund is setting up his own business with a handful of former colleagues, according to several people familiar with the matter. With Asia remaining a key focus for investors, Tudor has no plans to leave Singapore, however.
MUMBAI/ NEW DELHI, Jan 10- India's Finance Minister P. Chidambaram plans to meet investors in Asia and Europe this month in a drive to try and boost capital flows into Asia's third-largest economy, four sources with direct knowledge of the plan said.
*Gold-platinum ratio at tightest since April 2012. LONDON, Jan 10- White metals stole a march on bullion on Thursday, with gains in platinum and palladium outpacing those of gold as data pointed to an improved economic backdrop in China. By 1117 GMT, platinum was up 0.8 percent at $1,606.50 per ounce, while palladium had surged 1.8 percent to $695.90.
*China airlines lifted by Citi upgrade. HONG KONG, Jan 10- Hong Kong shares posted their best day in a week on Thursday, with Aluminum Corporation of China leading gains among growth-sensitive counters after data showing a far stronger than expected trade performance by China in December.
*Trade balance $31.6 bln vs $19.7 bln f'cast, Nov $19.6 bln. BEIJING, Jan 10- China's export growth rebounded surprisingly sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, but subdued global demand means that the spike may not herald an enduring recovery.
*Spot gold may retrace to $1,642.14/ oz- technicals. SINGAPORE, Jan 10- Gold edged up on Thursday, with investors eying a key resistance level just above $1,660 an ounce and awaiting a rate decision by the European Central Bank at its policy meeting later in the day.
HONG KONG, Jan 10- Hong Kong shares had their best daily gain in a week on Thursday, helped by growth-sensitive counters after data showing a far stronger than expected trade performance by China in December. The China Enterprises Index of the top Chinese listings in Hong Kong climbed 1 percent.
SHANGHAI, Jan 10- While weak bank lending figures in December may prompt worries that China's economic recovery is faltering, most of the recent decline is due to a fall in discounted bills, which have little relationship to investment.
HONG KONG, Jan 10- China shares ended slightly higher on Thursday, helped by strength in steel counters after China export data beat expectations and Baoshan Iron& Steel posted favourable 2012 earnings. The CSI300 of top Shanghai and Shenzhen listings closed up 0.4 percent at 2,2530.6. The Shanghai Composite Index rose 0.4 percent.
*MSCI Asia ex- Japan jumps as China trade data trumps forecasts. TOKYO, Jan 10- Risk assets from Asian shares to oil climbed broadly on Thursday as much stronger-than-expected Chinese trade data magnified positive momentum from global markets overnight, strengthening signs of recovery in the world's second-largest economy.
*Yuan in Shanghai also rises but fails to revisit record. SHANGHAI, Jan 10- Spot yuan traded in Hong Kong hit a record high against the dollar for the second straight day on Thursday as China posted much stronger-than-expected trade data that buttressed already bullish sentiment towards the Chinese currency.
*HSBC says sale of $9.4 bln Ping An stake on track. *HSBC agreed to sell Ping An stake in two tranches to Thai CP Group. SHANGHAI, Jan 10- China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion stake in China's No.2 insurer to Thailand's CP Group.
*CVC has made at least two investments in the Philippines. HONG KONG, Jan 10- Private equity firm CVC is in exclusive talks to buy a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters.
HONG KONG, Jan 10- Hong Kong shares hit a new 19- month high on Thursday, with gains picking up in growth-sensitive counters after China's December trade data trumped expectations, prodding benchmark indexes back towards overbought levels.
HONG KONG, Jan 10- Private equity firm CVC is in exclusive talks to buy a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters.
*Spot gold may retrace to $1,642.14/ oz- technicals. SINGAPORE, Jan 10- Gold was little changed on Thursday, with investors eying a key resistance level just above $1,660 an ounce and awaiting a rate decision by the European Central Bank at its policy meeting later in the day. Physical buying in Asia has helped support prices above $1,640 an ounce.