Amazon to open an office in China's Shanghai free trade zone, state media says, allowing the firm to sell a wider range of products in the country.» Read More
LONDON/ MELBOURNE- The world's biggest mining company, BHP Billiton, announces plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
*Heinz says to tighten supplier controls after China food scare. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
SHANGHAI, Aug 19- Shanghai's share market ended at new eight-month highs on Tuesday, underpinned by strength in media companies on plans to modernize the industry. The Shanghai Composite Index finished up 0.3 percent at 2,245.33 points, while the CSI300 of leading Shanghai and Shenzhen A-share listings was flat at 2,374.77 points.
*China watchdog find excessive lead levels in some Heinz products. Heinz Co has recalled some infant food products in China after a local watchdog said they contained excessive levels of lead, threatening to dent the company's reputation in a country highly sensitive to food safety.
*Hong Kong shares flat ahead of major bank earnings. SHANGHAI, Aug 19- China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.
SHANGHAI, Aug 18- German luxury car Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators.
SHANGHAI, Aug 18- China's stock indexes rose on Monday, with the Shanghai Composite Index touching its highest in eight months despite concerns about the health of the economy. Media-related companies posted big gains in both Shanghai and Shenzhen on Monday, though the sector is mainly dominated by small- and medium-sized enterprises in China.
*Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.
*Media-related shares up on Shanghai- Hong Kong stock pilot. SHANGHAI, Aug 18- China's stock indexes rose moderately on Monday, with the Shanghai Composite Index touching its highest since December 2013 even amid weak investment and housing data, but home price slides on the mainland dampened shares in Hong Kong.
SHANGHAI, Aug 18- German car maker Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province.
BEIJING, Aug 18- China's new home prices fell in July from June for a third straight month and price softness spread to more major cities, underlining a worsening property downturn despite efforts by many local governments to shore up the sector.
BEIJING, Aug 18- Average new home prices in China's 70 major cities dropped 0.9 percent in July from June, a third consecutive monthly drop following June's drop of 0.5 percent, according to Reuters calculations from official data published on Monday.
JAKARTA/ PHNOM PENH, Aug 18- Labour leaders behind the biggest strikes in Cambodia's $5 billion garment industry knew last year they had a strong case for higher wages: they had already compared notes with activists in neighbouring countries.
Fifteen traders, brokers and consultants speaking to Reuters said that most of China's pilot markets launched last year were riddled with an over-allocation of permits, bar pockets of scarcity, such as parts of the Beijing market and the electricity generation sector in Shanghai.
SAN FRANCISCO, Aug 15- Apple Inc has worked with supplier Quanta over the past year to improve working conditions after a 2013 audit, published on Friday, uncovered a profusion of violations, including excessive overtime and health hazards.
SHANGHAI, Aug 15- Shanghai shares rose 0.9 percent to an 8- month high on Friday, supported by a rebound in large-cap shares and some solar companies after Beijing said it will halt imports of processed polysilicon. The CSI300 of leading Shanghai and Shenzhen A-share listings was up 1.1 percent for the day and 1.3 percent this week.
SHANGHAI, Aug 15- China will expand a scheme to speed up tax refunds for companies that export via a Shanghai port, the government said on Thursday, as it looks to boost the city's role as an international shipping centre.
*China Mobile leaps on report of messaging service investment. SHANGHAI, Aug 15- China's stock indexes rose nearly 1 percent by midday Friday, supported by large-cap shares, while a surge for China Mobile lifted the Hang Seng Index to its highest level since May 2008.
SYDNEY, Aug 14- More wealthy Chinese are moving their money out of China to invest in Australia's property market as a corruption crackdown in the world's second biggest economy gathers momentum, property consultants and lawyers said.
BEIJING, Aug 14- China's surprisingly sharp and sudden drop in credit has strengthened the case for the central bank to cut interest rates, but policy insiders believe it will be reluctant to take more aggressive steps and for now will stick to more targeted measures.