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Asia Top News and Analysis Shanghai

  • SHANGHAI/ HONG KONG, March 16- Asian real estate remains attractive due to relatively high yields despite U.S. monetary tightening as the pace of interest rate increases in the region is expected to be slow, an executive at LaSalle Investment Management said on Thursday. Elysia Tse, LaSalle's head of research& Strategy, Asia Pacific, identified China as a market...

  • SHANGHAI, March 16- China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight. The increase in rates was China's third in as many months, and came a day after the end of the annual session of parliament...

  • *China has moved to tighter policy bias as economy improves. SHANGHAI, March 16- China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight. The increase in short-term rates was China's third in as many...

  • *Dollar lower across the board in Asia, weakness could be lengthy. SYDNEY, March 16- The dollar nursed painful losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening. The sigh of relief was heard across Asia as...

  • SHANGHAI, March 16- Supported by China's central bank raising short term interest rates, the yuan firmed on Thursday as the dollar lost ground all round after the Federal Reserve raised its policy rate while sounding less hawkish about future interest rate increases. The People's Bank of China set its official yuan midpoint at 6.8862 per dollar prior to the...

  • SHANGHAI, March 16- China's central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U.S. rates overnight. The increase in short-term rates was China's third in as many months, and came a day after the end of the annual session of...

  • *Dollar lower across the board in Asia, weakness could be lengthy. SYDNEY, March 16- The dollar nursed sharp losses in Asia on Thursday while sovereign bonds savoured their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening. The sigh of relief was heard across Asia as investors...

  • The two-hour show- a mix of undercover reports and song-and-dance- also highlighted Japanese brands including Muji, owned by Ryohin Keikaku Co, which it said sold food products in China from an area of Tokyo where high levels of radiation were detected in 2015.. A Ryohin Keikaku spokesman said on Thursday the firm was "not selling any food products in China from...

  • The state-run China Central Television show- which can have brands and their corporate PR teams scurrying to take evasive action- said certain Nike shoes sold in China did not have " Zoom Air" cushions despite advertising that suggested they did. The two-hour show- a mix of undercover reports and song-and-dance- also highlighted Japanese brands including Muji,...

  • SHANGHAI, March 15- Chinese and global firms steeled themselves on Wednesday ahead of the country's annual consumer rights day TV show, an evening gala from China's state broadcaster that can have brands and their corporate PR teams scurrying to take evasive action. Similar to CBS network's "60 Minutes" in the United States, the China Central Television show...

  • SHANGHAI, March 15- China's yuan traded in a tight range on Wednesday, weakening slightly against the dollar, ahead of a U.S. The People's Bank of China set the midpoint rate at 6.9115 per dollar prior to the market opening, which was firmer than Tuesday's rate of 6.9118. The market shrugged off a speech by Chinese Premier Li Keqiang delivered at the end of the...

  • The Norway city of Oslo topped JLL's Investment Intensity Index for commercial real estate.

    Asian property plays are exciting, but it’s commercial real estate in Europe and America that are the most attractive to investors, JLL found.

  • SHANGHAI _ China Lodging Group Ltd. on Tuesday reported earnings of $18.1 million in its fourth quarter. The Shanghai- based company said it had net income of 25 cents per share. China Lodging shares have climbed slightly more than 8 percent since the beginning of the year.

  • LONDON— When investigators Peter Humphrey and Yu Yingzeng were hired by pharmaceutical company GlaxoSmithKline in 2013, their job was to look into a former employee in China who, they were told, was making false allegations about the firm. The person, it turns out, was a whistleblower who had revealed GSK's practice of bribes in China. Humphrey and Yu, back in...

  • SHANGHAI, March 14- China's yuan weakened slightly against the dollar on Tuesday, in line with the central bank's midpoint and firmer U.S. currency as markets braced for a rate rise from the Federal Reserve. The People's Bank of China set the midpoint rate at 6.9118 per dollar prior to market open, weaker than the previous fix 6.8988. "Along with the CNH FX...

  • SHANGHAI, March 14- China's steel output in the first two months of 2017 rose 5.8 percent from the same period a year ago, data showed on Tuesday, as mills boosted production amid higher prices and firm demand as Beijing moves to cut excess capacity in the sector. China's steel output for January and February combined rose to 128.77 million tonnes, the National...

  • MANILA, March 13- London copper futures rose the most in three weeks on Monday, propped up by a softer dollar and supply disruption concerns following an indefinite workers' strike at Peru's top copper miner. Workers at Freeport-McMoRan's Cerro Verde in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per month.

  • BEIJING, March 13- Ford Motor Co's luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world's largest auto market and aims to catch up with German and U.S. rivals who already manufacture in the Asian nation. "The move to local production is a key next step in Lincolns evolution in China and will complement continued...

  • SHANGHAI, March 13- China's yuan firmed against the dollar on Monday as the greenback slid in global markets and as traders awaited further comments from policymakers at the annual session of parliament. The People's Bank of China set the midpoint rate at 6.8988 per dollar prior to market open, 135 pips firmer than the previous fix of 6.9123.

  • The world's two biggest mines, Escondida in Chile and Grasberg in Indonesia, are losing production daily due to a strike and an export ban respectively. Another major mine, Cerro Verde in Peru, is also facing an imminent walkout with unions planning a five-day strike starting on Friday. Yet the price of copper on the London Metal Exchange has retreated from its...