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
HONG KONG/ BEIJING, Aug 11- In the early afternoon of Monday, Aug. 4, ten men in suits and casual business wear barged into a busy office at Mercedes-Benz's east China sales office, near Shanghai's Hongqiao international airport.
NEW YORK— McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China. The world's biggest hamburger chain said Friday that the decline included a 3.2 percent drop in the U.S. and a 7.3 percent drop in the unit encompassing Asia, the Middle East and Africa.
HONG KONG, Aug 8- China shares produced their fourth straight weekly gain, thanks to a small advance on Friday rooted in stronger-than-expected Chinese exports in July. Poly Real Estate sank 2.4 percent and China Vanke 0.8 percent on Friday.
August 8- China's vehicle sales in July increased 6.7 percent from the same month a year earlier, an industry association said on Friday. Some 1.6 million vehicles were sold in China in July, according to the China Association of Automobile Manufacturers.
*Rare earth firms down after China loses appeal at WTO. HONG KONG, Aug 8- China shares eked out slim gains in choppy trade on Friday, buoyed by better-than-expected Chinese export growth that helped offset concern about the cooling housing market, while Hong Kong pared its early morning losses.
Peter Humphrey and Yingzeng Yu, a married couple, operated a firm in Shanghai that helped companies screen potential business partners and employees. 1 Intermediate Court to 2 1/ 2 years in prison to be followed by expulsion from China. Humphrey was also fined 200,000 yuan and Yu 150,000 yuan.
HONG KONG, Aug 8- The Chinese yuan appeared set to register its third consecutive week of gains as the central bank signaled it was comfortable with the stronger levels as the economy was improving.
BEIJING, Aug 7- More than half of China's cities have relaxed property controls and analysts say more are expected to follow, suggesting the central government is easing its grip on the sector as the cooling housing market poses a growing threat to the economy.
HONG KONG, Aug 7- China shares posted their biggest daily loss in 1-1/ 2 months on Thursday, as large-cap stocks from banking to energy extended a retreat from recent highs.
SHANGHAI/ BEIJING, Aug 7- China has suspended work at more than 200 factories in an eastern province for safety checks as part of a nationwide review following an explosion at an auto parts plant that killed 75 people, government officials and state media said.
HONG KONG, Aug 7- China shares slid on Thursday as the country's large banks and oil firms extended a retreat from recent highs, while a weaker Macau gambling sector hurt by disappointing revenues weighed on Hong Kong markets. The Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong each slipped 0.5 percent.
BEIJING, Aug 7- China is quietly pushing back its loose timetable to make the yuan freely convertible, policy insiders say, as authorities fear removing capital controls too soon could unleash damaging speculative flows that will make it harder to reshape the economy.
*HKEx shares up 35 pct in 2014 on Shanghai stock connection. HONG KONG, Aug 6- Hong Kong Exchanges& Clearing Ltd will raise fees on the London Metal Exchange from Jan. 1 2015, HKEx said on Wednesday, as it battles costs from its acquisition of the LME and absorbs the London exchange's rising legal expenses.
Chrysler is owned by Fiat SpA while Volkswagen owns Audi, and both are premium brands in China. The NDRC also said it was launching a probe into Mercedes-Benz, owned by Daimler AG, and that it had finished investigating a dozen Japanese spare-part manufacturers on similar anti-trust charges.
BEIJING, Aug 6- China has shut 214 factories for safety risks in a city where an explosion at an auto parts factory last week killed 75 people, state media said on Wednesday. Based about an hour's drive from Shanghai, Kunshan Zhongrong polishes wheel hubs for automakers including General Motors Co The blast is China's worst industrial accident in a year.
*Stocks fall as Russian troops gather near Ukraine border. LONDON, date- European stocks fell on Wednesday while nervous investors took refuge in high-rated bonds on reports of a build-up of Russian troops near the border with Ukraine.
*Weak property sector is big threat to China's economy. SINGAPORE, Aug 6- London copper fell to its lowest level in more than two weeks on Wednesday, hurt by a firmer dollar and concerns over China's economic momentum after a weak reading of its services sector.
HONG KONG/ SHANGHAI, Aug 6- China's currency crossed the central bank's daily midpoint for the first time since March on Wednesday, as traders pushed the yuan back toward bullish territory after a weak first half, potentially preparing the ground for robust gains in the second.
HONG KONG, Aug 6- China shares fell on Wednesday but ended off early lows as solid gains in metal counters helped offset weakness in banking and energy large caps. PetroChina was the main drag on the index in Shanghai, slipping 0.6 percent. China Eastern Airlines, Air China and China Southern Airlines all added over 1 percent.
HONG KONG, Aug 6- Hong Kong and China shares dropped on Wednesday with investors taking profits on recently-strong Chinese blue-chip stocks and keeping an eye on declines in U.S. markets. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.8 percent to a two-week low.