More urban refugees in China including bourgeois bohemians, called "bobos," are staking out greener lives, the New York Times reports.» Read More
SHANGHAI, July 5- China's money market rates mostly fell on Friday as regulators signalled they will inject funds into an interbank market still recovering from a massive cash crunch at the end of June that sparked fears of a banking crisis.
HONG KONG, July 5- Hong Kong shares rose for a second day on Friday as coal counters clawed back steep losses from earlier this week, buoyed by favourable stimulus rhetoric from European central banks and ahead of a slew of U.S. and China data. The Hang Seng Index, which hit a one-week low on Wednesday, was up 1.5 percent at 20,766.6 points.
SINGAPORE, July 5- London copper slipped on Friday ahead of a crucial U.S. labour report, but was set to log its biggest weekly gain since early May as a shortfall in Chinese supply and technical buying supported prices. *Copper prices are heading for gains of about 2.5 percent this week, the largest weekly rise since May 3.
HONG KONG, July 5- China Rongsheng Heavy Industries Group, China's largest private shipbuilder, said on Friday it had sought financial help from the Chinese government and big shareholders after laying off some workers and delaying payments to suppliers.
HONG KONG, July 4- China shares reversed early losses to test two-week highs on Thursday, thanks to strength in property after solid monthly sales figures from two developers and a steadier financial sector as money markets calmed.
HONG KONG, July 4- Trading in shares of China Rongsheng Heavy Industries Group Holdings Ltd, China's largest private shipbuilder, was suspended on Thursday in the wake of media reports that said it had laid off 8,000 workers in recent months.
SHANGHAI, July 4- China's benchmark seven-day rate fell back to its normal range of 3-4 percent on Thursday after last month's unprecedented cash squeeze, although the overnight bond repurchase rate edged up as banks set aside reserves to meet the required reserve ratio.
SHANGHAI, July 3- China's yuan rose on Thursday, following stronger guidance from the central bank after the dollar fell in overnight trade on policy jitters. July 4 holiday and payroll data on Friday, but it steadied in Asian trade. The People's Bank of China set the midpoint at 6.1755 per dollar before market open, up 0.08 percent from Wednesday.
*Short covering propels Hong Kong gains before key events. *Biostime plunges as foreign rivals cut China milk power prices.
*MSCI Asia Pacific ex- Japan rises 1.1 percent. SINGAPORE/ SYDNEY, July 4- Asian stocks clawed higher on Thursday but gains were tempered by concerns about political turmoil in Portugal and investor caution ahead of key events including Friday's U.S. jobs data.
*Danone's Dumex preparing a price cut proposal. HONG KONG, July 3- Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector.
BEIJING, July 3- The Miami Heat's Dwyane Wade visited China on Wednesday for the first time since signing a multi-million dollar contract with Chinese sportswear company Li Ning last year, but the sneakers that bear his name are in short supply.
HONG KONG, July 3- Wyeth Nutrition, the infant formula company Nestle bought last year, is cutting its prices in China, the first such move since the country put five foreign infant milk formula companies under investigation for possible antitrust violations.
*Daily trading volumes down 90 pct from April high. *Collapse occurred before recent cash crunch. SHANGHAI, July 3- Daily turnover in China's once high-flying bond market has collapsed since April amid a crackdown on corrupt trading that has revealed how sham trades have inflated reported liquidity in recent years.
SINGAPORE, July 3- London copper hit almost a two-week high on Wednesday, just short of $7,000 a tonne, fuelled by short covering and bottlenecks in supply, although sluggish global growth eroded demand prospects and signalled gains may prove tough to sustain.
HONG KONG, July 3- China shares fell from two-week highs on Wednesday, with the financial and property sectors the biggest drags following two surveys showing a subdued non-manufacturing sector. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 0.8 percent at 2,203.8 points.
*China's yuan little changed at 6.1321/ dlr. SHANGHAI, July 3- China's yuan was little changed on Wednesday after the central bank's recent fixings signalled a desire for stability amid falls in emerging Asian equities and currencies. The People's Bank of China fixed its midpoint at 6.1803 per dollar on Wednesday, 0.05 percent weaker than Tuesday's fix.
*New orders sub-index at 55- month low- HSBC services PMI. BEIJING, July 3- China's services sector expanded modestly in June with the vast construction industry acting as a drag on output, in a further sign that the world's second-largest economy is losing momentum.
*7- day repo rate at lowest level since May 30. SHANGHAI, July 3- China's inter-bank funding costs fell sharply on Wednesday, with key rates approaching normal levels following an unprecedented cash squeeze last month, as the impact of a seasonal cash rush fades.
Hong Kong shares extended losses with Chinese material and banking counters coming under selling pressure as losses accelerated after the China services data and a consumer sector survey remained modest in June.