Asia Top News and Analysis Shanghai

  • SHANGHAI, Sept 26- For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. If they don't, then I think they're lying, "he told Reuters from his ship during a 24 hour-long stop in Shanghai's port last Saturday. While hailed as engineering feats, these mega-ships are now being blamed for contributing to the overcapacity glut...

  • SHANGHAI, Sept 26- China's yuan weakened slightly on Monday as banks squared their books ahead of a long national holiday and the end of the quarter. The People's Bank of China set the midpoint rate at 6.6744 per dollar prior to the market open, weaker than the previous fix of 6.667. Traders said state-owned banks want to stabilize the currency ahead of Oct. 1, which...

  • CHICAGO/ BEIJING, Sept 23- China on Friday slapped anti-dumping duties on a U.S. animal feed ingredient known as distillers' dried grains amid an intensifying spat between the world's two largest economies over agricultural trade which totaled over $20 billion last year. China is the world's top buyer of DDGS, a by-product of corn ethanol used by feed mills as a...

  • *Shanghai bonded copper premiums up $5 to highest since May. The Philippines has already halted the operations of 10 mines, eight of them nickel producers, on environmental grounds since it launched an audit in July. The Philippines accounts for more than 90 percent of China's nickel ore imports.

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year. Wanda, owned by China's richest man, Wang Jianlin, and Sony announced a deal on Friday under which Sony Pictures will...

  • SHANGHAI, Sept 23- China's yuan weakened slightly on Friday, but held around 6.67 per dollar as the market adopted a wait-and-see attitude ahead of the yuan's inclusion into a key global currency basket. The Chinese currency will be officially included into the International Monetary Fund's reserves basket, known as Special Drawing Rights, on Oct. 1.

  • BEIJING, Sept 23- China said on Friday it is slapping anti-dumping duties on U.S. distillers' dried grains shipped by some of the biggest suppliers of the animal feed ingredient, including Louis Dreyfus and Archer Daniels Midland. China is the world's top buyer of DDGS, a by-product of corn ethanol that is used by feed mills as a substitute for corn and soymeal.

  • *Shanghai bonded copper premiums rise $5 to highest since May. MELBOURNE, Sept 23- London nickel slipped on Friday, but was still on track for a nearly 9 percent gain, its biggest weekly gain since July, as markets braced for more Philippine mine suspensions amid an environmental crackdown on the sector. "The market probably hasn't placed enough importance on the...

  • LONDON, Sept 23- China continued to pump refined copper out into the international market last month to the tune of 57,000 tonnes. Graphic on China's refined copper trade:. Graphic on China's copper raw materials trade:.

  • LONDON, Sept 22- China continued to pump refined copper out into the international market last month to the tune of 57,000 tonnes. Graphic on China's refined copper trade:. Graphic on China's copper raw materials trade:.

  • HONG KONG, Sept 22- One of China's interbank market supervisory bodies has approved the launch of credit default swaps, two sources with direct knowledge of the matter told Reuters on Thursday, signifying another step forward towards helping firms hedge rising risks in the country's corporate bond market. The National Association of Financial Market...

  • SHANGHAI, Sept 22- China's yuan eased on Thursday despite a broadly weaker dollar as investors bought the U.S. currency on the cheap after the U.S. Traders also shrugged off a higher mid-point rate set by the People's Bank of China, at 6.6513 per dollar- the strongest level since Aug.26, and firmer than the previous fix at 6.6738. "Many market participants believe the...

  • Samsung signage on display at the Mobile World Congress in Barcelona, Spain on Feb. 22, 2016.

    The potential damage to its image threatens to disrupt Samsung's efforts to use the Note 7 to propel faster growth in a crowded Chinese market.

  • *Major China steelmakers jump on merger hopes. *Chinese money continues to flow into Hong Kong. SHANGHAI, Sept 21- Hong Kong stocks were firm on Wednesday morning ahead of the Federal Reserve's policy meeting, while persistent sluggishness in China's equity market helped to extend the flow of mainland money into Hong Kong.

  • SHANGHAI, Sept 21- China's yuan was little changed on Wednesday as heavy dollar sales by state-owned banks, which traders suspected were on behalf of the central bank to prop up the Chinese currency, offset dollar purchases by companies. Prior to market open, the People's Bank of China set the midpoint rate at 6.6738 per dollar, weaker than the previous fix of...

  • But he said after reports China might have suffered its first explosion of the problem-plagued phone, Samsung's announcement that it saw no problem with the battery with no other explanation left him baffled. China should be a bright spot for Samsung as it wrestles with a global recall of 2.5 million of its new flagship smartphones. The company has not...

  • LONDON, Sept 20- Emma Walmsley, GlaxoSmithKline's incoming CEO, breaks the mould as the first woman to lead a top global drugmaker and stands out among Big Pharma bosses as a consumer brands guru rather than a prescription medicines expert. "GSK will get applause for appointing a woman to a position no woman has filled but investors will be wary that the company...

  • SHANGHAI, Sept 20- China stocks slipped in thin trading on Tuesday, as gains for property shares after upbeat home price data were not enough to outweigh sluggishness pulling down many other sectors. Trading turnover in Shanghai, hit a 1-1/ 2- month low on Tuesday. While the solid gains underscore policy concerns around the uneven growth in the housing market- some...

  • Night aerial cityscape of Wuhan, in Hubei province, China, taken in 2016.

    CNBC takes a look at China's largest megacities, and two urban development schemes with the potential to dwarf them all.

  • SHANGHAI, Sept 20- China stocks stepped back in thin trading on Tuesday morning, with upbeat home price data bolstering the property sector in an otherwise sluggish market. Hong Kong stocks were roughly flat as investors were cautious before central bank policy meetings in the United States and Japan. While the solid gains underscore policy concerns around...