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
*Copper arb window opened but China demand slow- traders.
*Copper arb window opened but China demand slow- traders. Benchmark copper on the London Metal Exchange slipped to $7,778 a tonne at 0928 GMT, down 0.5 percent from Thursday's close of $7,815 a tonne.
SHANGHAI, Oct 26- China's yuan hit its strong-side limit with Friday's first trade and firmly hugged the trading band boundary all day until weakening suddenly before the market close. The yuan opened at the lower limit of 6.2380, its strongest level ever, and held steady until just before 4 pm, when it dropped to a close of 6.2489, reversing all of the day's gains.
BEIJING-- China is telling tourist-favored Buddhist temples: Don't let money be your mantra. "Everywhere in China now is about developing the economy," complained Beijing resident Fu Runxing, a 40- year-old accountant who said he recently went to a temple where incense was priced at 300 yuan a stick.
BEIJING-- China's legislature on Friday passed a long-awaited mental health law that aims to prevent people from being involuntarily held and unnecessarily treated in psychiatric facilities _ abuses that have been used against government critics and triggered public outrage.
HONG KONG, Oct 26- Hong Kong shares snapped a ten-day winning streak on Friday, as the Hang Seng Index retreated from 2012 highs, dragged down by China Unicom's 7.6 percent slump after posting disappointing third quarter corporate earnings.
HONG KONG, Oct 26- Hong Kong shares snapped a 10- session winning streak on Friday, hit by a 7.6 percent slump in China Unicom after the country's second-largest mobile operator posted weaker-than-expected third-quarter profit.
HONG KONG, Oct 26- Mainland China shares closed at three-week lows on Friday, posting their first weekly slip in four with growth-sensitive sectors leading losses after Chinese media reported that fund managers were pessimistic about the fourth quarter.
*MSCI Asia ex- Japan tumbles, Nikkei eases in choppy trade. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 1.2 percent. The MSCI index of Asia-Pacific shares outside Japan tumbled 1.2 percent, and was set for a weekly drop of about 1.5 percent, which would be its largest weekly decline in two months.
*China Unicom slumps 7 pct after Q3 earnings disappoint. *Bank of China climbs after positive earnings. HONG KONG, Oct 26- China shares tumbled to a three week low on Friday, dragging down Hong Kong markets, as investors took profits on recent outperformers ahead of several key third quarter corporate earnings from major resources companies.
*Apple to launch iPhone 5 in China in December. SAN FRANCISCO, Oct 25- Apple Inc delivered a second straight quarter of disappointing results and iPad sales fell well short of Wall Street's targets, marring its record of consistently blowing past investors' expectations.
BANGKOK-- World stock markets fell Friday ahead of the U.S. government's estimate of economic growth in the latest quarter, which is expected to show improvement but not enough to jolt the global economy out of its doldrums. Europe's debt crisis has added to headwinds while emerging powerhouses such as China have also slowed.
*Yuan opens at strong-side limit of trading band. SHANGHAI, Oct 26- China's central bank reined in the yuan's appreciation on Friday as the currency hit a record high and bumped against the upper limit of its trading band for the second straight day.
NEW YORK-- Wal-Mart Stores Inc. announced the completion of its increased investment in a fast-growing Chinese company, as the world's largest retailer looks to broaden its access to a rapidly growing customer base.
*Shares in Hong Kong more than halved this year. HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported its first quarterly loss- of $310 million- since listing in Hong Kong in 2004, on shredded margins, project delays and accounting changes in China.
LONDON, Oct 25- Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses.
*Shares in Hong Kong more than halved this year. HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a $310 million quarterly net loss, its first since listing in Hong Kong in 2004, on shredded margins, project delays and accounting changes in China.
HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a $310 million net loss for July-September, its first quarterly loss, as margins thinned, overseas projects were delayed and it made accounting changes at home in China.
LONDON/ SHANGHAI, Oct 25- Copper edged up on Thursday, snapping four sessions of losses, supported by the U.S. Federal Reserve's renewed commitment to keep stimulating economic growth and by improving manufacturing data from top metals consumers China and the United States.
HONG KONG/ SHANGHAI, Oct 25- Hong Kong's commitment to its 29- year-old currency peg to the U.S. dollar risks making the already pricey city even more expensive as policymakers try to manage a wave of foreign money seeking to cash in on a potential Chinese recovery.