×

Asia Top News and Analysis Shanghai

  • Markets in Shanghai, Hong Kong and Taipei were closed on a holiday. KEEPING SCORE: Tokyo's Nikkei 225 finished nearly flat at 19,677.85 and South Korea's Kospi dropped 0.4 percent to 2,343.68. Markets in Singapore, the Philippines, Indonesia and New Zealand were lower.

  • SHANGHAI, May 29- The chairman of the Senate Judiciary Committee has called for an investigation into "potentially fraudulent statements and misrepresentations" made by companies promoting investment in a property development involving the family company of White House advisor Jared Kushner. Citing a May 12 report by Reuters, Chuck Grassley, a Republican...

  • The measures are aimed at rebooting the South Korean firm's branding in China, where many see Hyundai as a lower-end maker of city taxis. Hyundai and its affiliate Kia Motors were not long ago ranked third among foreign car brands in China, but recent sales have been hit by a consumer backlash over South Korea's deployment of a U.S. anti-missile defence system...

  • *U.S., UK and Chinese traders all absent on Monday. LONDON, May 26- Copper pulled back from the previous session's three-week high on Friday with an easing of supply concerns linked to a strike at one of the world's biggest copper mines, Indonesia's Grasberg, ahead of the long weekend break. Dutch bank ING said in a note that Freeport has about 100,000 tonnes of copper...

  • SHANGHAI, May 26- April Zhang, a 21- year-old student from Shanghai, reflects the fast-shifting attitudes of China's younger generations towards sex. In China's big cities, condoms are now available in plain view: convenience stores on urban high streets often have condoms on display by the till, while brands like Durex have millions of followers on their China...

  • SHANGHAI, May 26- China is changing how it calculates the yuan's guidance rate for the second time this year as it steps up efforts to stabilise the currency and reduce price swings, but some analysts and traders say they are not certain how the process will work. The People's Bank of China's current formula factors in the yuan settlement rate against the U.S....

  • *Bitcoin trading at a big premium in Japan, South Korea. HONG KONG, May 26- Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday. In Japan and South Korea, among the largest markets for bitcoin...

  • *U.S., UK and Chinese traders all absent on Monday. LONDON, May 26- Copper edged back from the previous session's three-week high on Friday as concerns eased over a strike at one of the world's biggest copper mines, Indonesia's Grasberg, though moves were muted ahead of the long weekend break. Dutch bank ING said in a note that Freeport has around 100,000 tonnes of...

  • SHANGHAI, May 26- China stocks reversed earlier losses to end the week higher on Friday, led by the blue-chip CSI300 index posting its best week in six months as suspected state-directed buying offset concerns over a surprise move by Moody's to cut the country's credit rating. Sentiment in the market earlier in the week had been depressed by lingering concerns...

  • *iVX, China's anxiety gauge, jumps to 4- month high. SHANGHAI, May 26- China stocks held steady on Friday after a tumultuous week, with the Shanghai index holding above the key 3,000- point level even after Moody's downgraded the country's sovereign credit rating. But iVX- dubbed China's anxiety gauge- has jumped to a four-month high, while trading in stock options...

  • Couples prepare to have their photos taken on the Bund in Shanghai, China.

    Chinese consumers are becoming more concerned about sexual health and upgrading to higher-end condom brands, Financial Times reports.

  • WUZHEN, China— A computer beat China's top player of go, one of the last games machines have yet to master, for a second time Thursday in a competition authorities limited the Chinese public's ability to see. State media reports on the games have been brief, possibly reflecting Beijing's antipathy toward Google, which closed its China- based search engine in 2010...

  • Oddly Sidic, Haitong and Qosun shares are rallying

    CNBC's Sophia Yan speaks about Citic Securities, Guosen Securities and Haitong Securities, who in total have been fined nearly half a billion renminbi by Chinese regulators.

  • *China is one of world's fastest growing condom markets. SYDNEY, May 25- A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education. Ansell's brands include Jissbon, which sounds like James...

  • BEIJING— A computer that plays go has begun a second game against China's top player in a match authorities are limiting the Chinese public's ability to see. Thursday's game is one of three that 19- year-old Ke Jie and Google's AlphaGo computer program are due to play this week at a forum on artificial intelligence in a town west of Shanghai.

  • HONG KONG, May 25- Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years. The U.S. ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 and said credit trends in China will continue to have a significant impact on Hong Kong's credit...

  • May 24- Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 percent at $2,363. , "Jeffrey Gundlach, chief executive at DoubleLine...

  • May 24- Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 percent at $2,363. ,Jeffrey Gundlach, chief executive at DoubleLine...

  • BEIJING— Internet users outside China watched a computer defeat its national go champion, but few Chinese web surfers could see it. The event got little coverage from Chinese newspapers and broadcasters, suggesting they may have received orders to avoid mentioning Google, which closed its China- based search engine in 2010 in a dispute over censorship and...

  • KUALA LUMPUR/ BEIJING, May 24- Geely, the owner of Sweden's Volvo Car Group, on Wednesday said it would buy 49.9 percent of struggling Malaysian carmaker Proton from conglomerate DRB-HICOM Bhd, marking the Chinese automaker's first push into Southeast Asia. Zhejiang Geely Holding Group Co Ltd, parent of Hong Kong- based Geely Automobile Holdings Ltd, will also...