Harmut Graf, CEO of Europe-based index provider STOXX, describes the company's expansion in Asia and describes which markets remain his top priority.» Read More
BEIJING, July 12- A broad measure of liquidity in the Chinese economy fell to its lowest in nearly a year in June as the central bank allowed a credit crunch to send short-term interest rates soaring in message to banks to reduce risky lending.
*It helps China to gain a better hold in global marketplace. SHANGHAI, July 12- Trading volumes for gold and silver on the Shanghai Futures Exchange have jumped to record highs a week after the bourse launched after-hours trading, driven by a surge in investment and hedging demand.
HONG KONG, July 12- China shares ended their best week in months on a whimper, as investors on Friday took profit on recent outperformers in finance and property ahead of China economic data that could disappoint. Beijing is due to release second-quarter GDP growth data on Monday, along with monthly urban investment, industrial output and retail sales figures.
SHANGHAI, July 12- Trading volumes for gold and silver on the Shanghai Futures Exchange jumped to record highs a week after the bourse launched after-hours trading, driven by a surge in investment and hedging demand as overseas prices fluctuated.
HONG KONG, July 12- China shares deepened losses in afternoon trade on Friday, as investors took profit on recent outperformers in finance and property ahead of China economic data next week that could disappoint.
SHANGHAI, July 12- China's yuan fell against the dollar on Friday as sentiment weakened after the country's finance minister said that the pace of growth this year could be slower than the government's target.
*China railway counters surge, investment to top $85 bln this year. *Asia Cement jumps on positive profit alert. HONG KONG, July 12- China shares looked to end their best week in five months on a whimper, with Hong Kong also weaker, as investors on Friday trimmed gains in recent outperformers ahead of more China economic data that could disappoint.
SHANGHAI, July 12- China's finance minister signalled that Beijing may be willing to tolerate economic growth in the second half of the year significantly below 7 percent, marking the most sobering comment to date from a senior policymaker on the country's slowdown. China is due to report GDP for the latest April-June quarter on Monday.
SHANGHAI, July 12- China may scrap the official floor under banks lending rates as the first major step to liberalise its interest rate regime, the official China Securities Journal reported on Friday, as regulators signal for accelerated reforms to cope with distorted capital flows and slowing economic growth.
SINGAPORE, July 12- London copper held near its highest in a month on Friday and was on track to post its biggest weekly gain in two months, as U.S. signals on keeping monetary policy looser for longer eclipsed worries over growth in top consumer China.
HONG KONG, July 12- Zurich Financial Services AG sold about $283 million worth of shares in New China Life Insurance Co Ltd, paring down its stake in China's third-biggest life insurer, according to a term sheet of the transaction seen by Reuters on Friday.
SHANGHAI, July 12- China's bet that it could reap the benefits of a more powerful yuan without paying a price in competitiveness is looking increasingly risky. Still, economic reformers at the People's Bank of China will come under pressure to use brute-force exchange rate manipulation to stave off a potentially destabilising round of factory layoffs.
BEIJING/ LONDON, July 11- GlaxoSmithKline executives in China have confessed to bribery and tax violations, the country's security ministry said on Thursday, during one of a string of investigations into foreign firms in the world's second-biggest economy.
*Biggest graft case involving foreign firm in China for three years. BEIJING, July 11- Executives of GlaxoSmithKline Plc in China have confessed to charges of bribery and tax law violations, the country's security ministry said, in one of the most prominent graft cases involving a foreign company in three years.
HONG KONG, July 11- China shares posted their best daily gain in seven months on Thursday, led by financial and other growth-sensitive sectors after local media reports raised hopes Beijing may launch targetted stimulus measures to boost growth. Hong Kong markets were also buoyed by dovish comments from U.S.
*Shanghai copper rallies nearly 5 pct to top 50,000 yuan. SINGAPORE, July 11- London copper rallied more than 3 percent to its highest in nearly a month on Thursday, after U.S. Shanghai copper rallied nearly 5 percent at one stage as some traders rushed to cover short positions.
*Gold, copper hit multi-week highs; oil at multi-month top. Gold and copper prices jumped about 3 percent to their best in weeks, while oil hit multi-month highs and rubber climbed 5 percent after minutes from the Fed's June meeting showed many among the policymakers wanted more signs the U.S. job market was improving before cutting bond purchases.
HONG KONG, July 11- China shares surged in their best day in seven months on Thursday, led by financial and other growth-sensitive sectors after local media reports raised hopes Beijing may launch targetted stimulus measures to boost growth.
SHANGHAI, July 11- China's yuan rose slightly against the dollar on Thursday as the central bank fixed the midpoint just shy of its record high amid important talks between Beijing and Washington this week.
HONG KONG, July 11- China shares extended gains in afternoon trade on Thursday, lifting Hong Kong markets, after official media reported financing rules may be partially relaxed for real estate firms. The Hang Seng Index was up 2.5 percent, while the China Enterprises Index of the top Chinese listings in Hong Kong soared 3.8 percent.