As U.S. fund managers increasingly look overseas to beat tepid growth at home, the rally in Chinese stocks is attractive.» Read More
Jiong Shao, Chief China Strategist, Macquarie says it is time to get into Chinese stocks as momentum into the markets is likely to continue. He gives his sector picks in the mainland.
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.
China's banks lent more slowly than markets expected in November while the pace of total financing eased, but analysts said the economy remains on track for a modest recovery.
Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.
China's annual consumer inflation rebounded from 33-month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers.
China's three dominant dot-com names - Baidu, Alibaba and Tencent Holdings - have successfully tapped global funding this year despite investor skepticism about opaque Chinese companies. The big three plan to use the money to pad their industry advantage at home, to compete better abroad, and perhaps to buy cash-starved rivals.
SHANGHAI, Nov 6- The yuan closed two points weaker on Tuesday thanks to a last minute bout of dollar buying, but otherwise hugged the strong side of its trading band over the course of the day. The People's Bank of China set its midpoint at 6.3078 p er dollar on Tuesday morning, slightly firmer than Monday's fix, despite a strengthening trend in the dollar index.
*HSBC slides after saying U.S. fine may exceed $1.5 bln. HONG KONG, Nov 6- Hong Kong shares slipped further from 2012 highs as investors took profits in some recent outperformers, with turnover subdued ahead of the U.S. presidential election later on Tuesday.
HONG KONG, Nov 6- Hong Kong shares slipped further from 2012 highs with a second-straight loss on Tuesday, as investors took profits on some recent outperformers ahead of the U.S. presidential election.
HONG KONG, Nov 6- China shares had their worst day in a more than a week on Tuesday, with retail investors spooked by a mainland news report that suggested institutional investors who previously invested in exchange-traded funds had sold into strength last week.
*C.bank fixes slightly higher midpoint despite stronger dollar. *Spot exchange rate trades at strong side of limit all morning. SHANGHAI, Nov 6- China's central bank set a slightly firmer midpoint on Tuesday but corporates continued to swap out dollars for yuan, causing the exchange rate to once again bump against its strong-side limit.
HONG KONG, Nov 6- China shares were headed for their worst day since Oct. 26 and weighing on the Hong Kong market, with retail investors worried by a state media report about substantial redemptions of the mainland's exchange-traded funds last week.
SINGAPORE, Nov 6- Gold traded little changed on Tuesday as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.
*Romney has said will declare China currency manipulator on ``day one''. Presidential candidate Mitt Romney would lack the legal power to label China a currency manipulator on his first day in office should he win Tuesday's election, offering him a way out of what experts say is the weakest claim on the issue for years.
The $2.3- billion project by the small, British company London Mining Plc would also bring diesel power plants, a road and a port near Greenland's capital Nuuk.
LONDON/ SHANGHAI, Nov 9- Copper hit two-month lows on Monday as the forthcoming U.S. presidential election, a leadership transition in China and two central bank meetings this week kept risk-averse investors on the sidelines of financial markets.
*PBOC sets weaker midpoint for third day. SHANGHAI, Nov 5- The yuan closed down slightly on Monday but its weakness was largely imposed by the central bank, which fixed a softer midpoint even as customers continued to unload dollars.
HSBC profit hit by $800 mln charge for U.S. fine. LONDON- HSBC sets aside $1.5 billion to cover potential U.S. fines for lax anti-money laundering controls and the final bill could be significantly higher. ( HSBC/, expect by 1000 GMT/ 5 AM ET, by Steve Slater and Matt Scuffham, 400 words).
HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.
HONG KONG, Nov 5- China shares eased slightly as investors paused after the recent rally ahead of the start of the 18th Party Congress that will usher in the country's next generation of leaders and the U.S. presidential election on Tuesday.