Twitter CEO Dick Costolo will meet Shanghai government officials, academics and students in his first visit to China.» Read More
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
SHANGHAI/ BEIJING, April 20- Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.
BEIJING— Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry. The Escort goes on sale in China this year, expanding later to other markets, said CEO Alan Mulally.
BEIJING, April 20- Daimler said its DENZA electric car will be eligible for local subsidies in China when it goes on sale there in September priced at 369,000 renminbi.
China's anti-extravagance drive is posing a serious threat to the global cognac industry.
BEIJING, April 18- China shares closed nearly flat on Friday, with property stocks limiting the market's momentum after data showed Chinese home price rises had slowed further in March. China Fortune Land Co Ltd fell 3.5 percent and Ningbo Fuda Co Ltd dropped 2.4 percent.
*Great Wall Motor tumbles on slowing earnings. China Fortune Land Co Ltd fell 2.6 percent, Shanghai Jinqiao Export Processing Zone Development Co Ltd shed 2.2 percent and Ningbo Fuda Co Ltd dropped 2.4 percent. The Hong Kong stock exchange is closed for Good Friday on April 18 and Easter Monday on April 21.
*Copper futures slip after 1 pct gain in previous session. *Spot premiums at 600- 750 yuan/ tonne- analyst. SINGAPORE, April 18- Shanghai copper futures slipped on Friday after jumping the most in 2-1/ 2 weeks, but premiums in the spot market rose to their highest this year indicating growing demand in top consumer China.
BEIJING, April 18- China's home price inflation slowed to an eight-month low in March, extending to a third month a loss of momentum in a property market that has been a strong spot in the world's second-largest economy.
SAN FRANCISCO/ HONG KONG, April 17- Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters.
For big business in China he's a headache, part of a small but fast-growing industry built around exposing corporate wrongdoing.
LONDON, April 17- Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. The metal had fallen nearly 2 percent on Tuesday and has remained broadly range-bound since then around $1,300 on fears over slowing demand in top consumer China.
BEIJING, April 17- Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile.
LONDON, April 17- Drugmaker GlaxoSmithKline- hit by bribery claims in five countries- is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices.
*Investors await developments in Ukraine. LONDON, April 17- Gold fell below $1,300 an ounce on Thursday as investors cut exposure to gold-backed funds and weighed the impact of Ukraine tensions, while worries over the strength of Chinese demand continued to weigh.
BEIJING— A strike at the Chinese factories of the world's biggest athletic shoe maker snowballed Thursday to about 30,000 workers, a labor group said, making it one of the largest-ever work stoppages at a private business in China.
HONG KONG— As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper. Caught in the middle are companies like Linan Meite, which sells shipping-container loads of electronics cable to customers in Europe and North and South America.
*Asian shares higher, tracking Wall Street. SINGAPORE, April 17- Gold fell for a second session out of three on Thursday on higher equities and as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.
BEIJING, April 17- China shares closed down on Thursday, pulled lower by weak real estate shares as investors braced themselves ahead of housing data expected to show property price growth slowed in March. The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.4 percent.
BEIJING— China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models.