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
Feb 28- Around 3,000 delegates to the annual meeting of China's parliament, the National People's Congress, will meet in Beijing's Great Hall of the People on March 5 for a session expected to last around nine days. Here is an overview of China's top legislature and this year's meeting:.
BEIJING, Feb 28- Just four months after unveiling the boldest set of economic and social reforms in nearly three decades, China's top leaders meet next week to discuss implementing the changes- but chances are they will play it safe.
LUXEMBOURG, Feb 27- Bankers and policymakers across Europe want a slice of the growing market in China's offshore currency, but a slowing economy and the yuan's recent slide may make investors wary.
BEIJING, Feb 27- China's foreign exchange regulator has launched an investigation into the possible impact from recent yuan depreciation on foreign exchange transactions at domestic banks and companies, banking sources said on Thursday.
FRANKFURT, Feb 27- Bayer said it would buy privately held Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines, as the German drugmaker pushes to become the world's largest non-prescription medicines group.
HONG KONG, Feb 27- China's yuan surpassed the Swiss franc to become the seventh most-used world payments currency in January, global transaction services organisation SWIFT said on Thursday.
China Petroleum and Chemical Corp soared 6.7 percent to a 10- month high in Shanghai, helping the Shanghai Composite Index finish up 0.3 percent at 2,047.4 points. The CSI300 of the largest Shanghai and Shenzhen A-share listings slipped 0.4 percent. Losers outnumbered gainers 2-1 in Shanghai and 3-1 in Shenzhen.
*HSI +0.9 pct, H-shares +0.5 pct, Shanghai +0.6 pct. HONG KONG, Feb 27- Hong Kong shares rose again on Thursday, and mainland markets also firmed for a second day, led by oil giant Sinopec after a broker upgrade and an increase in China's gasoline and diesel prices.
*Rising diplomatic tension over Ukraine hurt risk sentiment. TOKYO, Feb 27- Asian shares struggled to find a solid footing on Thursday as escalating tensions in Ukraine sent investors scurrying to the safety of the dollar and U.S.
*Gold up 11 percent this year. LONDON, Feb 26- Gold retreated from earlier four-month highs on Wednesday as the dollar firmed, but was still seen benefitting from uncertainty over China's economic policies and worries about the U.S. recovery in the short term.
LONDON, Feb 26- Gold prices rose above $1,340 on Wednesday, holding onto four-month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery.
LONDON, Feb 26- Gold prices rose above $1,340 on Wednesday, holding onto four month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery.
*C.bank intervention pushes down yuan 1.5 pct since mid Jan, biggest slide since Greek debt crisis. SHANGHAI/ BEIJING, Feb 26- China's central bank rattled speculators this week by engineering a sudden fall in the yuan against the dollar, but economists warn that induced downside risk was no substitute for true liberalisation in the currency market.
HONG KONG, Feb 26- Chinese property developers are stepping up the use of sales promotions for some suburban housing projects, an early sign that a slowdown in property prices that spooked investors this week may be spreading.
HONG KONG, Feb 26- China shares ended a four-day losing streak, as gains by oil giant Sinopec offset losses for financials as the yuan again fell below the official fix on Wednesday, stoking jitters about what might come from next week's annual parliamentary meetings.
HONG KONG, Feb 26- With nearly half of its market value wiped out in the last three years, Hong Kong's stock exchange is hoping that a slate of new initiatives will give it a much needed boost after reporting worse than expected annual earnings on Wednesday.
*Asia left rudderless after flat finish on Wall St, mixed US data. SYDNEY, Feb 26- Asian share markets struggled to scrape together some gains on Wednesday following a flat finish on Wall Street and as concerns over opaque policy moves in China kept investors on edge amid a drought of major economic data.
*BYD soars on Tesla surge, Beijing plan to aid electric cars. HONG KONG, Feb 26- Hong Kong and China shares were sluggish early on Wednesday as the yuan again fell below the official fix, adding to jitters about possible policy changes at next week's annual parliamentary meetings.
Investors have poured back into the metal on worries about economic conditions in the United States and also China, which is now dealing with unprecedented growth in company debt. Gold had eased 0.13 percent to $1,338.41 an ounce by 0227 GMT, after rising to its strongest since October at $1,343.40 an ounce Tuesday in its fourth day of gains.
*Asia left rudderless after flat finish on Wall St, mixed US data. SYDNEY, Feb 26- Asian shares were trading sluggishly on Wednesday following a flat finish on Wall Street, while concerns over opaque policy moves in China kept investors on edge amid a drought of major economic data.