Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.» Read More
*Data shows capital continues flow into China heavily. SHANGHAI, May 16- China's yuan edged lower on Thursday on the back of an overnight rally in the dollar in global markets.
HONG KONG, May 16- Chinese shares appeared headed for their best daily gain in two weeks on Thursday, lifting the Hong Kong market, as investors chased a rally in property, brokerage and technology-related counters.
*Shanghai equities rally sparks short-covering in copper. SINGAPORE, May 16- London copper edged up on Thursday, after plumbing an almost two-week low in the previous session, but gains may be short-lived as Europe's shrinking economy and a drop in U.S. factory output underline a dimming outlook for demand.
SINGAPORE, May 16- London copper slipped on Thursday after Europe's shrinking economy and a drop in U.S. factory output underlined a dimming demand outlook for metals, although a softer dollar limited losses.
NEW YORK-- Suntech Power Holdings Co., one of the world's biggest solar panel manufacturers, said Wednesday that it reached a deal with some of its lenders to again delay the repayment of $541 million in debt. In March, Suntech defaulted on a $541 million bond payment.
SHANGHAI, May 15- China's yuan closed slightly lower on Wednesday after the central bank set its official midpoint moderately weaker to reflect a rally in the dollar index overnight to a near 10- month high, traders said. The People's Bank of China fixed its midpoint at 6.2070 before trade began, mildly weaker than Tuesday's 6.2035.
*Li& Fung lifted by UBS upgrade, chairman's comments. HONG KONG, May 15- Hong Kong and China shares rebounded from a one-week low on Wednesday in weak volume, with investors mainly focused on a handful of stocks on hopes of an earnings turnaround.
HONG KONG, May 15- China shares rebounded on Wednesday from a 1-1/ 2 week closing low, helped by strength in telecom equipment suppliers as Shanghai bourse volumes neared the year's lows. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 0.5 percent at 2,506.9 points.
BRUSSELS, May 14- The European Commission plans to send a formal warning to China that it is ready to levy trade duties against telecoms equipment makers Huawei Technologies Co Ltd and ZTE Corp over what it says are illegal subsidies, people close to the matter said.
*Li& Fung lifted by UBS upgrade, chairman's comments. HONG KONG, May 15- Hong Kong stocks rebounded from a one-week low on Wednesday with a 7 percent surge in shares of top supply chain manager Li& Fung after its chairman said he expected earnings to rise to 2011 levels while UBS upgraded the stock.
SHANGHAI, May 15- China's yuan edged lower on Wednesday after the central bank set its official midpoint slightly weaker to reflect a rally in the dollar index overnight to a near 10- month high, traders said. The People's Bank of China fixed its midpoint at 6.2070 before trade began, mildly weaker than Tuesday's 6.2035.
SHANGHAI, May 14- The yuan closed up on Tuesday as the dollar index took a breather, with the spot market moving immediately to the strongest possible rate and holding there. The People's Bank of China set the official midpoint at 6.2035 on Tuesday morning, slightly stronger than Monday's fix but still shy of the record high it set last Thursday.
SINGAPORE, May 14- London copper fell 1.4 percent on Tuesday after comments in China's official media suggested Beijing is unlikely to ease monetary policy, dashing hopes that the government would stimulate an economy that is the world's top user of the metal.
HONG KONG, May 14- Hong Kong shares retreated further from a three-month closing high on Tuesday, dragged down by the Chinese banking and property sectors after a newspaper report stoked fears that local governments could impose more curbs on home sales. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.7 percent.
HONG KONG, May 14- China shares suffered their worst daily loss in three weeks on Tuesday after a newspaper report stoked fears of further tightening on the property sector. The CSI300 of the leading Shanghai and Shenzhen A-share listings shed 1.5 percent.
TOKYO, May 14- Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in U.S. retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data.
SHANGHAI, May 14- The central bank let the yuan rise against the dollar on Tuesday as the dollar index took a breather, with the spot market moving immediately to the strongest possible rate and holding there.
*Jiangxi Copper drops after Macquarie downgrade. HONG KONG, May 14- Chinese shares were headed for their worst daily loss in three weeks on Tuesday, dragging Hong Kong markets into the red, after official media suggested that Beijing is unlikely to ease policy despite patchy April economic data.
BEIJING, May 13- China's factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that a nascent recovery is stalling and adding to pressure on policymakers to take action to stimulate the economy.
SHANGHAI, May 13- The yuan closed down on Monday after the central bank set the official midpoint guidance rate lower for the second consecutive day in response to a climbing dollar index.