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Asia Top News and Analysis Shanghai

  • *China pushing NEV market to compete with US, Europe, Japan. HAMBURG/ SHANGHAI, July 14- Global automakers have urged China to delay and soften planned quotas for sales of electric and hybrid cars, saying its proposals will be impossible to meet and would severely disrupt their businesses, according to a letter seen by Reuters. Keen to combat air pollution, China is...

  • MELBOURNE, July 14- London copper and aluminum were marking time near recent highs on Friday, underpinned by encouraging economic reports from China and the prospect of aluminum production cuts. *SHFE COPPER: Shanghai Futures Exchange copper slipped 0.3 percent to 47,160 yuan a tonne. *OTHER METALS: Zinc and lead fell by around half a percent in London and by about...

  • MELBOURNE, July 14- London copper and aluminium were marking time near recent highs on Friday, underpinned by encouraging economic reports from China and the prospect of aluminium production cuts. *SHFE COPPER: Shanghai Futures Exchange copper slipped 0.3 percent to 47,160 yuan a tonne. *OTHER METALS: Zinc and lead fell by around half a percent in London and by...

  • SHANGHAI, July 14- China's yuan firmed against the U.S. dollar on Friday after the central bank set a stronger midpoint, with the Chinese currency on course for a winning week. Prior to market opening, the People's Bank of China set the midpoint rate at 6.7774 per dollar, its strongest in nearly two weeks, firmer than the previous fix of 6.7802. The Thomson Reuters/ HKEX...

  • MELBOURNE, July 14- London copper was marking time on Friday at the top of its recent range, with encouraging import data from China and improved prospects for the global economy supporting prices. *Shanghai Futures Exchange copper slipped 0.6 percent to 47,030 yuan a tonne. *Zinc and lead fell by around half a percent in London and by around 2 percent in Shanghai,...

  • *Tencent's QQ chat app a key part of China's onshore bond trade. SHANGHAI, July 14- A new scheme that connects China's local bonds with Hong Kong promises to open the country's $9 trillion debt market to global investment- but investors venturing into the mainland are coming to terms with the massive community that does business not on trading platforms, but...

  • *China 2017 GDP growth seen at 6.6 pct, 6.3 pct in 2018. BEIJING, July 13- China's economic growth is expected to top the government target to reach 6.6 percent in 2017, tempering initial worries of a sharper slowdown as Beijing walks a policy tightrope with its quest to crackdown on financial risks and limit damage to the economy. The forecasts for this year and in...

  • SHANGHAI, July 13- China's yuan firmed against the U.S. dollar on Thursday after the central bank fixed a stronger guidance level, following weakness in the greenback overnight in the overseas markets. Traders said that better-than-expected China June trade data, announced on Thursday morning, did not affect the forex market. Prior to the market opening, the...

  • SHANGHAI, July 13- China's central bank injected 360 billion yuan in medium-term loans into the financial system on Thursday, a fresh sign authorities aim to maintain financial stability while continuing a deleveraging campaign. The injection was made through the People's Bank of China's medium-term lending facility loans. Another batch of one-year loans...

  • SYDNEY, July 13- Chinese copper futures rose in early Asian trading on Thursday, buoyed by a weaker U.S. dollar. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange was 0.19- percent firmer at 47,300 yuan a tonne. *LONDON COPPER: Three-month copper on the London Metal Exchange was flat at $5,905 a tonne by 0105 GMT after posting modest...

  • LONDON, July 12- Zinc prices climbed to their highest in more than three months on Wednesday as the market worried about falling stocks in exchange warehouses, shortages and expectations of stronger demand from top consumer China. Earlier, prices of the metal used to galvanize steel touched $2,874.50, the highest since March 30. Investors have turned positive...

  • BEIJING, July 12- Chinese lenders extended more credit than expected in June, as home lending stayed buoyant while a clampdown on shadow financing activities forced banks to shift more loans onto their books. Beijing has tightened the screws on financial risks due to an explosive growth in debt but has injected substantial liquidity at times to avoid a crunch...

  • WOLFSBURG, Germany, July 12- When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions scandal, decentralising power from its Wolfsburg headquarters in Germany was a top priority. That commitment is now being put to the test in one of the company's most important international projects: building a low-cost car for India.

  • LONDON, July 12- Zinc prices climbed to their highest in more than three months on Wednesday as the market worried about falling stocks in exchange warehouses, shortages and expectations of stronger demand from top consumer China. Benchmark zinc was up 1.3 percent at $2,857 a tonne at 0942 GMT. Investors have turned positive on industrial metals since China's...

  • SHANGHAI, July 12- China released 10 employees of Australian casino operator Crown Resorts Ltd on Wednesday, the first of 16 who were detained in October and sentenced in June for illegally promoting gambling. Nineteen employees were detained as Crown was trying to attract high-spending Chinese to its casinos outside of China, where gambling is illegal...

  • SHANGHAI, July 12- China stocks reversed earlier gains to end lower on Wednesday, as investors taking part in a big-cap rally seen in recent weeks paused for breath, ahead of Federal Reserve Chair Janet Yellen's address to congress. An index tracking 50 blue-chips in Shanghai considered most representative of their sectors, dubbed the "Nifty 50", hit a 23- month...

  • *China economy seen growing 6.8 pct in Q2 y/y, vs Q1's 6.9 pct. BEIJING, July 12- China's economic growth is expected to have cooled to 6.8 percent in the second quarter as Beijing tightens the screws on financial risks, a Reuters poll showed, in a sign the world's second-biggest economy is set for a further slowdown over the coming quarters. While policymakers are...

  • *Comes as China requires foreign firms to store data locally. BEIJING, July 12- Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. Apple is the first foreign firm to announce amendments to its data storage for China...

  • *Comes as China requires foreign firms to store data locally. BEIJING, July 12- Apple Inc on Wednesday said it is setting up its first data centre in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. Apple is the first foreign firm to announce amendments to its data storage for China...

  • SHANGHAI, July 12- China stocks were mixed on Wednesday morning, with bank shares powering the "Nifty 50" blue-chips to a 23- month high, as investors sought firms with solid fundamentals amid a continued correction in small-caps. An index tracking the 50 most representative blue-chips in Shanghai, dubbed the "Nifty 50", gained 1 percent to its highest since August...