With flagging sales in their mainland stores and increasingly price savvy consumers, luxury retailers are taking a lead from casinos' play books by offering junkets in their Hong Kong stores.» Read More
SHANGHAI, Jan 17- Just weeks after Chinese authorities cleared Yum Brands Inc and McDonald's Corp of charges they had served chicken laced with excessive chemicals, local media are again attacking the iconic American firms, while barely reporting on the chances of Chinese restaurants selling similar meat.
*China Life Insurance hit by Credit Suisse downgrade. HONG KONG, Jan 17- Onshore China shares retreated further from a 7-1/ 2- month high on Thursday, reversing early Hong Kong gains, with growth-sensitive counters leading the slide ahead of a slew of major Chinese economic data being released on Friday.
SHANGHAI, Jan 17- The Chinese yuan slid for a second day on Thursday as dollar demand recovered in international markets. The central bank set the official midpoint weaker for the second consecutive day after the dollar index gained in overnight trade.
*Coming up; U.S. Housing starts Dec at 1330 GMT. SINGAPORE, Jan 17- London copper inched up on Thursday following a four-session losing streak, with robust U.S. factory data bolstering the outlook for demand, but caution ahead of Chinese growth data later this week tempered gains.
*Three-month copper on the London Metal Exchange had risen 0.30 percent to $7,970 a tonne by 0105 GMT, reversing losses from the previous session when it fell to its lowest since Dec. 31 at $7,920 a tonne. *The most-traded April copper contract on the Shanghai Futures Exchange slipped by 0.19 percent to 57,830 yuan a tonne.
BEIJING, Jan 17- Business is booming in Beijing's real estate offices-- good news for property agents like Zhang Huanhuan, but a headache for China's policymakers as worries resurface about the sustainability of investment in the sector.
*Seven stores in China seem likely to be closed. FRANKFURT, Jan 16- German retailer Metro is to scrap its consumer electronics venture in China, once trumpeted as an engine of future growth, after meeting unexpectedly strong competition.
*China's FDI data unfavorable for further yuan appreciation. SHANGHAI, Jan 16- China's yuan closed down slightly on Wednesday as dollar demand and supply struck a balance in the domestic foreign exchange market, traders said, while a drop in foreign investment inflows suggested further yuan gains could be capped.
*Shanghai volume robust, HK turnover weakest this year. HONG KONG, Jan 16- Onshore China shares were knocked off 7-1/ 2- month highs on Wednesday, also sinking Hong Kong, as investors took profit on recent outperformers such as Chinese financials ahead of more China economic data at the end of the week.
HONG KONG, Jan 16- Hong Kong shares retreated further on Wednesday from levels last seen in June 2011, as investors took profits on recent outperformers such as Chinese financials ahead of more China economic data at the end of the week. The China Enterprises Index of the top Chinese listings in Hong Kong ended down 0.8 percent at 11,907.5.
HONG KONG, Jan 16- Mainland Chinese shares retreated from 7-1/ 2- month highs on Wednesday, dragged lower by real estate developers on renewed fears of broader property taxes. The CSI300 of the top Shanghai and Shenzhen A-shares closed down 0.7 percent at 2,577.1 points. The Shanghai Composite Index also shed 0.7 percent.
*MSCI Asia ex- Japan drops as more data awaited. TOKYO, Jan 16- Asian shares fell on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.
SHANGHAI, Jan 16- China's top securities regulator, who has for months been trying to revive the domestic stock market, is finally hitting a sweet spot among local investors by playing to their traditional investment mentality. Foreign troops are finally coming to liberalise China's stock market. "
*China's FDI data unfavorable for further yuan appreciation. SHANGHAI, Jan 16- China's yuan fell slightly on Wednesday as dollar demand and supply struck a balance in the domestic foreign exchange market, traders said, while a drop in foreign investment inflows suggested further yuan gains could be capped.
HONG KONG, Jan 16- Mainland Chinese shares retreated from 7-1/ 2- month highs on Wednesday, weighing on the Hong Kong market, as investors took profits on recent outperformers such as Chinese financials ahead of more China economic data at the end of the week.
*MSCI Asia ex- Japan inches down, Nikkei slides 1.5 pct. The MSCI's broadest index of Asia-Pacific shares outside Japan wiped out an earlier 0.2 percent rise to fall 0.1 percent.
SINGAPORE, Jan 16- London copper steadied on Wednesday from two-week lows hit the session before, after a pick-up in U.S. consumer spending bolstered risk appetite, although sluggish global growth prospects kept a lid on prices.
HONG KONG, Jan 16- Hong Kong shares may start slightly higher on Wednesday ahead of an annual policy address by the territory's chief executive later in the day, with the market's focus on the local property sector.
Europe has just three leading manufacturers of high-voltage direct current cables: Swiss engineering firm ABB, Italy's Prysmian and France's Nexans. Siemens also is a major supplier of converter station equipment. In Europe, DC cables already link Nordic countries and Britain to the continent and Mediterranean islands to mainland Spain.
SHANGHAI, Jan 15- China shares rose to a fresh 7-1/ 2 month high in heavy trading on Tuesday, with gains spread widely across sectors, as investors grew increasingly confident that the market's recent rally has further momentum. The CSI300 index, which tracks the largest listed firms in Shenzhen and Shanghai, rose 0.7 percent.