Microsoft has delayed the launch of its Xbox One game console in China. The company said it would be released by the end of the year.» Read More
HONG KONG, Sept 22- China shares tumbled on Monday as a new batch of initial public offerings started taking subscriptions while investors worried that a flash manufacturing survey due on Tuesday could be more evidence the Chinese economy is slowing significantly.
*Agile Property plunges after rights issue plan. HONG KONG, Sept 22- Hong Kong shares slumped to two-month lows on Monday, as investors fretted that a preliminary factory survey on Tuesday could provide more evidence of a slowdown in China. The China Enterprises Index of the top Chinese listings in Hong Kong slid 1.8 percent to its lowest since July 22.
Shanghai Husi Food Co. has been under investigation since a Shanghai TV station reported in July it repackaged and sold old meat. Its owner, OSI Group of Aurora, Illinois, said it will lay off 340 people at the Shanghai unit. "Over the past two months, Shanghai Husi has experienced significant financial and customer losses," said an OSI Group statement.
HONG KONG, Sept 22- Short-sellers who profit from stock price declines have resumed targeting Chinese companies after a three-year lull, but many of the researchers who instigate the strategy are now cloaked in anonymity, shielding themselves from angry companies and Beijing's counter-investigations.
BEIJING, Sept 21- Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year.
BEIJING— Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China, the biggest such penalty ever imposed by a Chinese court. The court sentenced the company's former China manager, Briton Mark Reilly, and four Chinese co-defendants to prison but postponed the sentences for two to four years, suggesting they may never be served.
HONG KONG, Sept 19- China shares rose for a third straight day on Friday, bolstered by strength in shipbuilders and aviation firms, which are expected to benefit from plans to let private capital enter the defense industry.
HONG KONG— When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was still a corporate backwater has been vindicated this week by Alibaba completing a mammoth sale of shares to investors in the U.S. and elsewhere.
SHANGHAI, Sept 19- China's yuan firmed against the dollar on Friday after the central bank set a marginally stronger midpoint, leaving the currency little changed on the week.
*CAR Inc surges 28 pct in HK debut. HONG KONG, Sept 19- Hong Kong's benchmark index rose on Friday following gains on U.S. exchanges, but trimmed earlier gains as a weaker Chinese market weighed on sentiment. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 percent.
SINGAPORE/ HONG KONG, Sept 19- Nomura Holdings Inc and co-lenders spent nine months poring over the books, sizing up management and even checking out the factory floor at China's Ultrasonic AG before deciding in August to give the Frankfurt- listed shoemaker a $60 million unsecured credit facility.
BEIJING/ DETROIT, Sept 18- Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.
BEIJING/ SHANGHAI, Sept 18- Worries that China's economy may be slowing further intensified on Thursday as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to stimulate activity.
*Hyundai bids more than 3 times appraisal price. SEOUL, Sept 18- Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns that it is wasting cash on a trophy property.
BEIJING, Sept 18- When China's top leaders gathered at the seaside resort town of Beidaihe last month, they agreed the economic focus for the rest of the year would be to put reform ahead of stimulus and accept growth could come in below their target of 7.5 percent.
HONG KONG, Sept 18- China shares held onto slim gains on Thursday, as a jump in banking stocks outweighed falling property developers hurt by weak housing data. Gemdale Corp shed 2.9 percent, while Poly Real Estate Group lost 0.9 percent.
BEIJING, Sept 18- China's new home prices fell in August for a fourth straight month and declines spread to a record number of cities, underlining a deepening downtrend in the property market that is increasingly weighing on the broader economy.
HONG KONG, Sept 18- China shares extended gains on Thursday morning bolstered by a leap in bank and brokerage stocks, while the Hong Kong market dipped back into the red as economic worries prevailed. "For Hong Kong, the negative impact mainly comes from the Chinese economy," said Linus Yip, strategist at First Shanghai Securities.
BEIJING, Sept 18- China home prices fell in August for a fourth straight month, official data showed on Thursday, underlining a deepening downtrend in the property market that is increasingly weighing on the broad economy.
BEIJING, Sept 18- Average new home prices in China's 70 major cities fell 1.1 percent in August from July, a fourth consecutive monthly drop, according to Reuters calculations from official data published on Thursday.