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
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.
*Asia left rudderless after flat finish on Wall St, mixed US data. SYDNEY, Feb 26- Asian market got off to a cautious start on Wednesday following a flat finish on Wall Street and as concerns over opaque policy moves in China kept investors on edge.
Last week it listed the first Exchange Traded Fund, or ETF, outside China that tracks the onshore bond market. Otherwise, the HKEx stands to lose ground as China moves towards its goal of full convertibility of the yuan, which would allow foreign investors to trade on mainland exchanges in Shanghai and Shenzhen, unfettered by quotas or other constraints.
LONDON, Feb 25- China imported record amounts of iron ore, nickel ore and bauxite in January. Imports of refined copper were the second-highest on record, while those of refined zinc were the fourth-highest.
BEIJING, Feb 25- Real estate remained the most lucrative road to riches in China last year, according to the Hurun Global Rich List, despite Beijing's repeated efforts to cool red-hot property prices. Six of world's 10 top real estate tycoons are now from China and Hong Kong, according to Hurun Report Inc, which released its Global Rich list on Tuesday.
HONG KONG, Feb 25- China's CSI300 share index suffered its largest one-day loss in seven months on Tuesday, as prices dropped sharply in the afternoon on renewed credit worries and a sharp drop in the yuan. The CSI300 of the leading Shanghai and Shenzhen A-share listings tumbled 2.6 percent in its biggest single-day loss since July 2013.
*Yuan falls below midpoint for first time since Sept, 2012. HONG KONG, Feb 25- China's spot yuan fell below the official midpoint rate for the first time since September 2012 on Tuesday, as economists and traders suspected the central bank had intervened to add volatility to the currency in preparation for reform.
*Industrial Bank partially halts funding ahead of more policy. HONG KONG, Feb 25- China shares hovered at their lowest in more than two weeks early on Tuesday, limiting gains in Hong Kong, with property developers staying under pressure as fears lingered the government would impose more lending curbs on the sector.
BEIJING, Feb 24- China's home price rises eased for the first time in 14 months in January, the latest sign that the government's more than four-year campaign to rein in property risk may finally be starting to bite.
LONDON- HSBC reports a 9 percent increase in annual pretax profit, which misses market expectations, and warns of greater volatility in emerging markets this year, sending its stock price sharply lower. Volkswagen shares plunge on outlook, Scania deal.
*Industrial Bank may have halted property loans- official Shanghai newspaper. HONG KONG, Feb 24- China shares suffered their biggest loss in seven weeks on Monday, hurting Hong Kong markets, after mainland news reports stoked fears that banks have tightened loans to property developers.