Mark Kitto, one of the better-known foreign entrepreneurs in China, is leaving China after facing hardships in sustaining a business and concerns over raising his two children. The NYT reports.» Read More
SHANGHAI, June 14- Fake invoicing inflated China's official import and export totals by $75 billion in the first four months of 2013, local media reported on Friday, citing an internal review by China's commerce ministry.
*Copper prices, which fell to the lowest since May 3 on Thursday at $7,011.25, have dropped around 10 percent so far this year. *The most-traded October copper contract on the Shanghai Futures Exchange edged down 0.19 percent to 5,1570 yuan a tonne.
LONDON, June 13- Copper slid to a six-week low on Thursday as fears that central banks may curb stimulus programmes earlier than previously expected outweighed concerns about supply disruption and delay at two large copper mines.
Central banks from India to Turkey have acted this week to stem currency losses, and on Thursday the Indonesian rupiah was boosted by a surprise central bank rate hike. Markets have been shaken by doubts over the next moves of major central banks such as in Japan and the United States.
*China to ditch one-decade iron ore import licensing from H2. SHANGHAI, June 13- China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's international iron ore trade.
BEIJING, June 13- Royal Dutch Shell has signed a letter of intent with a private Chinese energy firm to build a liquefied natural gas import terminal in east China, a Shell China official said on Thursday.
*Shanghai copper falls 3 pct after holiday break. LONDON, June 13- Copper fell by nearly 1 percent on Thursday as fears that central banks may curb stimulus programmes earlier than previously expected outweighed concerns about supply disruption and delay at two large copper mines.
SHANGHAI, June 13- China plans to scrap a decade-old iron ore import licensing system this year, an industry source with direct knowledge of the matter said, opening up an import market that takes two-thirds of the world's international iron ore trade.
Central banks from India to Turkey have acted this week to stem currency losses and on Thursday the Indonesian rupiah was buoyed by a surprise central bank rate rise. Markets are being rattled by uncertainty over the next moves of central banks in Japan and well as the United States.
SHANGHAI, June 13- The yuan fell slightly against the dollar on Thursday, despite another record-high central bank midpoint, providing further evidence that upward momentum in the Chinese currency has slowed since late May. China's financial markets were closed from Monday to Wednesday for the Chinese Dragon Boat Festival holiday.
LAUNCESTON, Australia, June 13- The market may be too sanguine about the outlook for copper prices, as import demand in top consumer China shows signs of increasing just as an anticipated global supply surplus is looking vulnerable.
*MSCI Asia ex- Japan tumbles 1.9 pct to new 2013 lows.
SHANGHAI, June 13- The yuan fell slightly against the dollar on Thursday, despite another record-high central bank midpoint, providing further evidence that the upward momentum in the Chinese currency has slowed since late May.
*China indexes break below chart support in rising volumes. HONG KONG, June 13- China shares tumbled to six-month lows on Thursday, weighing on Hong Kong stocks, rocked by soft economic data and a sell-off in global markets triggered by worries central banks will taper stimulus.
HONG KONG, June 13- China shares tumbled to their lowest in six months on Thursday as mainland markets reopened after a three-day Dragon Boat Festival holiday, hurt by soft China data released over the weekend and an ongoing selloff in global equities.
LONDON, June 12- China's weight in MSCI's emerging equity index could rise to 30 percent, almost double current levels, if Beijing loosens investment curbs on its mainland share markets, an index official said on Wednesday. MSCI has $7 trillion benchmarked to it worldwide and $1.3 trillion to emerging indices.
Macquarie analysts on Tuesday raised their rating on Walt Disney Co.' s stock, saying that the company has "more magic than ever". THE OPINION: Analysts Tim Nollen and James Kopelman upgraded their rating to "Outperform" from "Neutral" based on their improved confidence in Disney's parks and studios division.
*Supply side outages lend support to copper prices- AME Group. SINGAPORE, June 11- London copper edged up on Tuesday amid supply concerns, but held near one-month lows as worries over a slower pace of growth in top metals consumer China dragged on prices.
FRANKFURT, June 10- Hugo Boss has signed up designer Jason Wu, a favourite of American First Lady Michelle Obama, as the German fashion house seeks to sell more women's dresses and suits in the United States and China.
BEIJING, June 10- Risks are rising that China's economic growth will fall further in the second quarter and that full-year forecasts will be cut further, after weekend data showed weakness in May exports and domestic activity struggling to pick up.