| Posted By:
| Source: CNBC.com
Chinese stocks will outperform by five percent over the next three months and investors should look to buy now, Helen Zhu, chief China strategist at Goldman Sachs, told CNBC on Wednesday.
| Source: Financial Times
India has threatened to ban European airlines from its airspace if Brussels sanctions Indian carriers in a dispute over an EU plan to charge carriers for their pollution. The FT reports.
Shares of Hong Kong developer Chinese Estates Holdings slid 8 percent in resumed trade on Friday after the company said its chairman and chief executive would face prosecution in a Macau court over alleged bribery and money laundering.
Asian shares fell to their lowest levels of the year on Friday as early bargain hunting gave way to worries about Europe's raging debt crisis and weak global growth.
The framework for a Free Trade Agreement (FTA) between South Korea and China may be ready in two years, said the South Korean President Lee Myung-bak, adding that there was little opposition to the trade pact.
China's new push to open state controlled industries may look bold after a decade of stuttering privatization progress, but Beijing faces stiff resistance from vested interests in its effort to extend its World Trade Organisation dividend.
China stocks are set for more rangebound trading on Friday, as investors continued to grapple with global and domestic economic uncertainties.
Thursday, 24 May 2012 | Source: Reuters
Rio Tinto, the world's No.2 producer of iron ore, sees no signs of a slowdown in demand from top consumer China and still plans to almost double its output of the steel-making ingredient by 2016.
Thursday, 24 May 2012 | Source: Reuters
The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real-estate builders facing spiking borrowing costs and a limited ability to raise cash at a time when sales and economic growth are slowing.
Thursday, 24 May 2012 | Source: CNBC.com
Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.
| Posted By:
| Source: CNBC.com
Continued weakness in China’s economic data, as well as growing risks of a Greek exit from the euro zone, will drive Beijing to launch aggressive stimulus measures in order to prevent a further deterioration of growth in the world’s second largest economy, economists and strategists told CNBC.
Thursday, 24 May 2012 | Source: Reuters
Joseph Lau, the flamboyant tycoon who heads developer Chinese Estates Holdings, will face prosecution over bribery and money laundering in a land deal in Asia's gambling capital, Macau, the second high-profile corruption case involving a Hong Kong property company in two months.
Wednesday, 23 May 2012 | Source: Reuters
China's factories took a hit in May as export orders fell sharply, a private sector survey showed on Thursday, suggesting surprise weakness in April's hard economic data persists even as policymakers seek to shore up growth.
Wednesday, 23 May 2012 | Source: Reuters
Hanlong Mining and Sundance Resources have agreed to delay to November the target date for the Chinese firm to seal a $1.3 billion takeover of the Australian group as Hanlong is struggling to line up funding from China.
Wednesday, 23 May 2012 | Source: Reuters
A debt crisis in the euro zone has sparked risk aversion, driving the dollar index to its highest since September 2010, and casting doubt on whether Beijing can afford to let the yuan to continue to strengthen against the dollar.