More urban refugees in China including bourgeois bohemians, called "bobos," are staking out greener lives, the New York Times reports.» Read More
SHANGHAI, June 20- China's interbank funding costs surged again on Thursday, with the two shortest-term rates hitting record highs, as the central bank again ignored market pressure to inject funds into the market, despite fresh evidence that the economy is slowing.
*London copper falls 1 pct, Shanghai down 1.6 pct. *China's June flash HSBC PMI hits 9- month low. SINGAPORE, June 20- London copper slid to an almost seven-week low on Thursday, dragged down by the U.S.
*MSCI Asia ex- Japan slides 2.8 pct to 9- month low. "The Chinese data confirms views that the economy is vulnerable and could heighten the possibility of some policy action to ease investor jitters," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.
SINGAPORE, June 20- London copper fell to a near seven-week low on Thursday after U.S. Federal Reserve Chairman Ben Bernanke signalled the central bank would likely start reducing its stimulus measures later this year. *The most-traded copper contract on the Shanghai Futures Exchange eased 1.2 percent to 50,160 yuan a tonne.
*Physical demand sluggish in China, India- traders. NEW YORK/ LONDON, June 19- Gold rose on Wednesday after the previous session's sharp drop, but uncertainty over the future of the U.S. Spot gold was up 0.4 percent at $1,373.24 an ounce by 12:37 p.m., trading in a narrow $10 range.
*Physical demand sluggish in China, India- traders. LONDON, June 19- Gold firmed on Wednesday as stock markets retreated ahead of a Federal Reserve policy statement, but uncertainty over the future of the U.S. central bank's quantitative easing programme kept the price in a narrow range.
*Physical demand sluggish in China, India- traders. LONDON, June 19- Gold edged higher on Wednesday as stock markets retreated ahead of a Federal Reserve policy statement, but uncertainty over the future of U.S. central bank's quantitative easing programme kept it in a narrow range.
LONDON, June 19- The rand firmed to five-day highs on Wednesday after better-than-expected South African current account data but most other emerging assets were broadly weaker as investors awaited clarity on the U.S.
LONDON, June 19- Gold held steady on Wednesday ahead of the outcome of the latest Federal Reserve policy meeting, as traders awaited further guidance on the future of the U.S. central bank's quantitative easing programme. Gold broke below its recent trading range on Tuesday to slide 1.2 percent, its biggest one-day loss in nearly two weeks.
*Yuan gains slightly to close 6.1269/ dlr. SHANGHAI, June 19- China's yuan ended slightly stronger on Wednesday, despite data showing declining capital inflows, as dealers reported continued strong demand for the currency.
*Mengniu spikes after $1.6 bln Yashili takeover offer. HONG KONG, June 19- Shanghai shares closed at their lowest since mid-December, exerting pressure on Hong Kong markets on Wednesday, as a cash squeeze in the mainland worsened and official news reports further dampened hopes for policy easing.
SHANGHAI, June 19- General Motors Co's strategy to make its 110- year-old Cadillac brand one of China's top-selling luxury rides went up a gear on Wednesday as the U.S. automaker unveiled plans to expand its retail network in the world's largest car market.
HONG KONG, June 19- Hong Kong shares had their first loss in four days, with cyclical counters hurt by dashed hopes for monetary easing in China and pressure on defensive plays ahead of policy statements by the U.S.
HONG KONG, June 19- Shanghai shares closed at a new six-month low on Wednesday, as a cash squeeze in mainland money markets worsened and official news reports dampened hopes for policy easing. The CSI300 of the leading Shanghai and Shenzhen A-share listings also shed 0.7 percent.
*Gold down 1.7 percent so far this week. SINGAPORE, June 19- Gold fell for a third straight session on Wednesday, hovering near the lowest level in four weeks, as a rally in stocks and investor caution over the Federal Reserve curbing its stimulus programme sapped support for bullion.
*Yuan at 6.1299/ dlr in early afternoon. SHANGHAI, June 19- China's yuan was little changed on Wednesday, despite data showing declining capital inflows, as dealers reported continued strong demand for the currency.
*Mengniu spikes after $1.6 bln Yashili takeover offer. HONG KONG, June 19- China shares tested six-month lows, sinking Hong Kong markets, as a cash squeeze in the mainland lingered and official news reports on Wednesday dampened hopes for policy easing.
*Three-month copper on the London Metal Exchange was almost flat at $7,005 a tonne by 0113 GMT, after falling on Tuesday to its lowest since May 3 at $6,965.
*'Big Four' China banks lackluster despite higher state stakes. HONG KONG, June 18- Hong Kong shares ended little changed after two days of gains with investors selling recent outperformers and turnover low as markets braced for the U.S.
BEIJING, June 18- China launched its first pilot carbon emissions exchange on Tuesday, though plans for a nationwide roll out and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world's No.2 economy.