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  • China shares edge up as coming IPOs start to divert funds Wednesday, 23 Jul 2014 | 3:09 AM ET

    HONG KONG, July 23- China shares finished little changed on Wednesday, a day when five companies began accepting subscriptions for initial public offerings, diverting some funds from existing stocks. The two largest listed players- CITIC Securities and Haitong Securities climbed 1 and 2.3 percent, respectively.

  • SHANGHAI, July 23- Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat.

  • China detains employees of suspect meat seller Wednesday, 23 Jul 2014 | 1:51 AM ET

    Some of the illegal conduct was an "arrangement organized by the company," the deputy director of the agency's Shanghai bureau, Gu Zhenghua, told the official Xinhua News Agency. Those in criminal detention include Husi's quality manager, the Shanghai police department said on its microblog account.

  • HONG KONG, July 23- The index of major Chinese companies listed in Hong Kong surged early Wednesday, getting close to its 2014 peak, as investors particularly targeted financial and energy counters seen as undervalued. At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings was up 0.3 percent to a 3- month high.

  • Nikkei flat as investors avoid risk on Gaza worries Tuesday, 22 Jul 2014 | 10:03 PM ET

    *Ukraine tension eases but Gaza worries keep investors risk averse- analysts. TOKYO, July 23- Japan's Nikkei share average was flat on Wednesday morning as investors avoided risk due to geopolitical concerns in the Gaza Strip, which offset upbeat sentiment from gains in U.S. and European markets overnight.

  • SHANGHAI, July 23- Food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald's Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency said, citing the Shanghai food and drug watchdog.

  • TIANJIN, China, July 23- China is readying an assault on the "fortress economies" of local governments by creating a super region around Beijing, with proposals that sources suggest will be more aggressive than so far has been publicly revealed.

  • *Beijing trying to end years of support for bloated sector's such as steel. TANGSHAN, China, July 23- In Tangshan, a polluted industrial Chinese city that produces more steel a year than the entire United States, the Xinming Steel Pipe Plant shut earlier this month leaving more than 400 workers and a host of creditors unpaid.

  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • Typhoon deaths rise to 151 as China reports more Tuesday, 22 Jul 2014 | 10:35 AM ET

    BEIJING— The death toll from the strongest typhoon to hit China's south in decades was raised to 46 on Tuesday, increasing the overall toll to 151 people dead in three countries just before a second storm approaches land.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • Military exercises delay flights throughout China Tuesday, 22 Jul 2014 | 5:31 AM ET

    BEIJING— China's airline regulator has warned travelers to expect flight delays at 12 airports through mid-August, and an airport employee said military exercises are the reason.

  • China meat scandal hits Starbucks, Burger King Tuesday, 22 Jul 2014 | 4:49 AM ET

    BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.

  • HONG KONG, July 22- A Chinese market index of the leading Shanghai and Shenzhen A-share listings closed at its highest in three months on Tuesday, with gains coming in heavy volumes as autos, banking and property sectors all strengthened. BYD surged 5.6 percent in Shenzhen, while SAIC Motor Corp rose 1.7 percent to its highest close since February 2013.

  • *Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • HONG KONG, July 22- Hong Kong's benchmark index reached its highest level in more than seven months early on Tuesday, leading gains in Asia, as recent fund inflows pushed up the territory's blue-chip stocks. Also pushing up the index were moves by investors to cover their short positions in the absence of negative news from China.

  • *Starbucks says has pulled chicken products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.

  • Business Highlights Monday, 21 Jul 2014 | 6:01 PM ET

    Microsoft makes design central to its future. Before Ralf Groene helped devise the look and feel of Microsoft's Surface tablet, he designed food— or "food concepts," he says, such as dried noodles that come wrapped around a pair of chopsticks and a fork that squeezes out sauce.

  • BEIJING, July 22- Policy insiders are concerned that China's ambitious reform agenda is being sidelined by a focus on stimulus to meet the government's growth target, delaying the planned overhaul of the world's second-largest economy.