Asia Top News and Analysis Shanghai

  • SHANGHAI, Sept 29- China's yuan firmed slightly on Thursday, as corporate demand for dollars was offset by ample liquidity from state banks in the lead up to next week's long national day holiday. China's financial markets are shut for the National Day holiday from Oct. 1 to Oct. 7. The People's Bank of China set the midpoint rate at 6.6700 per dollar prior to market...

  • *Energy stocks jump on higher oil prices after surprise OPEC deal. SHANGHAI, Sept 29- Hong Kong and China shares rose on Thursday, with sentiment lifted by a jump in energy stocks as oil prices surged after OPEC members agreed to curb output in a surprise deal. An index tracking Hong Kong's energy sector jumped 5 percent, as Chinese oil giants CNOOC, PetroChina and...

  • CORNWALL-ON-HUDSON, N.Y.— While Donald Trump talks tough about dealing with China, his old military prep school is building bridges to that country. The New York Military Academy began classes this fall with new Chinese backing and a former New York City high school principal, originally from China, in charge. The center was formed by the family of the chairman of...

  • *Shanghai lead surges to highest since 2013. MANILA, Sept 29- London lead futures climbed to the highest since May last year on Thursday amid worries over tighter supply in top market China and elsewhere, while nickel held near seven-week highs on similar supply risks from top ore exporter Philippines. The supply of lead concentrate in China is "very tight and the...

  • MANILA, Sept 29- London lead futures rose as much as 1 percent on Thursday to the highest since May last year amid expectations for brisk demand, while nickel held near seven-week highs on supply risks from top ore exporter Philippines. On the Shanghai Futures Exchange, the most-traded lead for November delivery rose 2.2 percent to 15,005 yuan a tonne.

  • LONDON, Sept 28- Stocks of tin held in London Metal Exchange warehouses fell by another 80 tonnes yesterday. Headline inventory of 3,460 tonnes is the lowest it's been since 2008 and equivalent to less than four days of global usage. The three-month price, meanwhile, is trading just below the $20,000- per tonne mark, the highest it's been in a year.

  • SHANGHAI, Sept 28- China's yuan dipped on Wednesday but was little changed from the previous session ahead of week-long holidays. The People's Bank of China set the midpoint rate at 6.6681 per dollar prior to the market open, weaker than the previous fix of 6.6646. "Additional demand for the Chinese yuan will amount to $31 billion, which is a drop in the ocean of...

  • SHANGHAI, Sept 28- China stocks sagged on Wednesday in thin trading, as investors' risk appetite continued to wane ahead of the week-long National Day holiday that starts on Oct 1. Hong Kong shares followed Asian markets lower, giving back some of Tuesday's gain, that partly stemmed from assessments that Democrat Hillary Clinton won the first presidential...

  • Attendants place biodegradable urns in their respective hole in the ground during a procession at a cemetery in Tianjin, northern China, for a collective eco-burial.

    China's death care market is to see robust growth in the coming five years, driven by the needs of an ageing society, the SCMP reports.

  • TOKYO, Sept 28- Asian stocks were mostly lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets. Equities in Asia had gained the previous day on a perceived win by Democrat Hillary Clinton at the first presidential debate over Republican Donald Trump, who is seen as creating greater...

  • LONDON, Sept 27- Nickel prices hit seven-week highs on Tuesday as worries about tight supplies were reinforced by the Philippine government recommending more mines for suspension over alleged environmental violations. Benchmark nickel on the London Metal Exchange traded up 2.7 percent at $10,825 a tonne in official rings, off an earlier session high at...

  • LONDON, Sept 27- Nickel prices hit six-week highs on Tuesday as worries about tight supplies were reinforced by the Philippine government recommending more mines for suspension over alleged environmental violations. Benchmark nickel on the London Metal Exchange was up 1.5 percent at $10,695 a tonne at 1019 GMT, off an earlier session high of $10,745.

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilizing, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilising, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilising, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • SINGAPORE, Sept 27- Nickel bounced back on Tuesday, rising more than 1 percent after authorities in the Philippines ordered the suspension of 20 more mines for environmental violations, most of them nickel producers. Nickel futures on the London Metal Exchange jumped 1.2 percent to $10,655 a tonne by 0705 GMT, recouping Monday's decline. The most-traded copper...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilizing, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • SHANGHAI, Sept 27- China's yuan was little changed on Tuesday, with the market shrugging off mention of China during the U.S. presidential candidates' debate and traders saying state banks sold some dollars to support the Chinese currency. The People's Bank of China set the midpoint rate at 6.6646 per dollar prior to market open, firmer than the previous fix of...

  • SHANGHAI, Sept 27- China stocks were little changed on Tuesday as investors were reluctant to stake out fresh positions ahead of a week-long holiday despite data showing August industrial profits surged the most in three years. In Hong Kong, shares bounced over 1 percent, recovering much of Monday's drop, but investors were bracing a drop in inflows from China as...

  • SINGAPORE, Sept 27- Nickel dropped more than 2 percent on Tuesday, falling for a second day on speculation that expected mine closures in the Philippines, the world's biggest nickel ore supplier, may not limit supply as much as originally thought. Nickel futures on the London Metal Exchange fell 2.1 percent to $10,305 a tonne by 0303 GMT, adding to Monday's decline...