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
SHANGHAI, April 2- China shares rose on Wednesday, driven by surging property stocks after state media reported that local governments in several cities are considering relaxing restrictions on purchasing houses.
*Hong Kong property shares also lifted. SHANGHAI, April 2- Mainland and Hong Kong property shares surged on Wednesday pushing local indexes into positive territory, after state media reported that several cities may relax house ownership restrictions.
SHANGHAI, April 2- China's yuan edged up against the dollar on Wednesday for the second day after the central bank again fixed a slightly higher official midpoint, a move that traders said may be sending the first signal that Beijing wants to keep the yuan stable for now.
*Gold edges up after two days of declines. SINGAPORE, April 2- Gold steadied on Wednesday after two days of losses but the precious metal remained near its lowest in seven weeks as strong U.S. factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal.
SHANGHAI, April 2- Mainland property stocks soared on Wednesday after state media reported that several cities may relax house ownership restrictions. The CSI300 property sub index was up 4.1 percent in morning trading, led by Hua Yuan Property Co Ltd and Beijing Capital Development Co Ltd which both reached their daily 10 percent trading limits.
Jiangxi Copper Co Ltd and Yunnan Copper Co Ltd, China's No.1 and No.4 producers, as well as Shenzhen Zhongjin Lingnan Nonfemet Co Ltd- a major lead and zinc producer that also makes copper- posted either profit falls or losses in 2013..
LONDON, April 1- Oh dear! The British High Court judge found the LME's consultation on forcing its warehouse operators to link load-in and load-out rates was "legally unfair". Even the victor of the High Court case, Rusal, has little to crow about.
SHANGHAI, April 1- China shares closed higher on Tuesday as weak manufacturing data fueled investors' hopes of further stimulus measures to shore up economic growth. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 0.8 percent. Kweichow Moutai Co Ltd rose 5.0 percent and Jiangsu Yanghe Brewery Joint-Stock Co Ltd climbed 5.2 percent.
*Tencent jumps on bargain hunting after recent slide. SHANGHAI, April 1- Hong Kong shares jumped to their highest level in more than three weeks on Tuesday as casino operators continued their roll and investors snapped up beaten down shares of index heavyweight Tencent. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 percent.
SHANGHAI, April 1- China's yuan edged up against the dollar on Tuesday, taking cues from a slightly higher official mid-point fixed by the central bank, traders said.
LONDON, March 31- Commodities and frontier market stocks were the best-performing investments in the first quarter of 2014 while Shanghai and Tokyo shares as well as copper are at the bottom of the league table. Gold has risen 7.3 percent, following a 28 percent drop last year.
*Full-year net loss balloons to $1.4 billion. HONG KONG, March 31- China Rongsheng Heavy Industries Group has agreed with banks to extend loans and other financing worth 10 billion yuan to 2015, in a signal that the country's biggest private shipbuilder may be too big to be allowed to fail. Jon Windham, an analyst at Barclays, told Reuters. "
HONG KONG, March 31- Executives from Evergrande Real Estate Group painted a rosier picture of China's real estate market than their peers after the company posted a 49 percent rise in net profit and outpaced analyst estimates for core profit.
SYDNEY/ HONG KONG, March 31- Earlier this month, the chief executive of Hong Kong Exchanges and Clearing, Charles Li, was eager to talk about anything but the years-long warehousing crisis at the London Metal Exchange.
*C.bank may let yuan depreciate to 6.25/ dollar- traders. SHANGHAI, March 31- China's yuan closed weaker against the dollar on Monday and posted its second-biggest monthly loss on record as the central bank kept up strong pressure on speculators and sought to curb hot money inflows.
SHANGHAI, March 31- China shares closed down 0.4 percent on Monday, reversing gains in the morning session as investors continued to sell off shares in companies linked to the Shanghai free trade zone after strong gains the previous week.
*Rongsheng posts 2013 net loss of $1.4 billion. *Ship orders were worth $726 mln vs target of $1.8 bln. HONG KONG, March 31- China's biggest private shipbuilder, China Rongsheng Heavy Industries Group, posted a second straight annual loss as new orders were less than half its target, and is in talks with banks about loan repayments.
BEIJING, March 31- Hong Kong shares edged up on Monday as a selloff in energy and manufacturing heavyweights on disappointing earnings was offset by strength in gaming stocks before the release of monthly Macau gambling revenue figures.
SHANGHAI, March 31- Chinese fund managers increased their suggested equity allocation for the next three months, after recommendations hit a 10- month low in February, although sentiment remains lukewarm as concerns about China's economy grow, according to a Reuters poll.
*C.bank may let yuan depreciate to 6.25/ dollar- traders. SHANGHAI, March 31- China's yuan eased against the dollar on Monday after the central bank fixed its official mid-point at a six-month low for the second straight trading day, putting it on course for its second-biggest monthly loss on record.