Asia Top News and Analysis Shanghai

  • SHANGHAI, Jan 14- A man in China's central Henan province has become the latest person reported to have died this winter from H7N9 bird flu, the state news agency Xinhua said on Saturday citing local health authorities. The 36- year-old roast duck salesman developed a fever and a cough around Dec. 25 in coastal Zhejiang province, near Shanghai, and returned to Henan...

  • SHANGHAI, Jan 14- A man in China's central Henan province has become the latest person reported to have died this winter from H7N9 bird flu, the state news agency Xinhua said on Saturday citing local health authorities. The 36- year-old roast duck salesman developed a fever and a cough around Dec. 25 in coastal Zhejiang province, near Shanghai, and returned to Henan...

  • A Tesla Model S charging in a showroom.

    Tesla will charge new owners of their Model S and Model X cars for using the automaker's Superchargers, and have also announced idle costs for any costs, The Verge reports.

  • BEIJING, Jan 13- China's southwestern city of Chongqing will impose a property tax on first-time home buyers who are non-residents with no job or company in the city, state news agency Xinhua reported on Friday. The new rule, effective from Jan.14, is being brought in in response to recent large price fluctuations in Chongqing as speculators from outside the city...

  • *China aluminum rallies on prospects of winter supply cuts. *China imports 4.95 million tonnes of copper, products in 2016. LONDON, Jan 13- Nickel prices slipped on Friday a day after major producer Indonesia eased a ban on ore exports, potentially offsetting lower supply from Philippines.

  • SINGAPORE/ LONDON, Jan 13- China may have put a few short-term currency speculators to the sword last week, but long-term investors betting against the yuan are still standing, and they carry much more firepower. "A lot of hedge funds do fund themselves overnight, but most people are in the three-month plus area, and it doesn't affect them," said Richard Benson, co-head...

  • *China aluminium rallies on prospects of winter supply cuts. *China imports 4.95 million tonnes of copper, products in 2016. SYDNEY, Jan 13- London copper steadied on Friday and was set for a weekly gain of about 4 percent, its biggest such climb since late November, after data showed top consumer China imported more of the metal last year.

  • HONG KONG, Jan 13- China's yuan slipped against the U.S. dollar on Friday, even amid a stronger midpoint and support from state banks. The People's Bank of China set the midpoint rate at 6.8909 per dollar prior to market open, firmer than the previous fix 6.9141. China's patchy economic outlook has weighed on the renminbi.

  • *China aluminium rallies on prospects of winter supply cuts. *China imports 4.95 million tonnes of copper, products in 2016. SYDNEY, Jan 13- London copper edged up on Friday, putting it on track for a weekly gain of about 5 percent, its biggest weekly advance since late November after data showed China imported more copper last year and a weaker dollar boosted...

  • BEIJING/ PRAGUE, Jan 13- Inside four years, CEFC China Energy has emerged from relative obscurity as a niche fuel trader to become a rapidly growing oil and finance conglomerate with assets across the world and an ambition to become one of China's energy giants. It has a rare contract to store part of the nation's strategic oil reserve, gained financing from the...

  • *US set to launch WTO complaint on China aluminum on Thurs. *Indonesia copper miners halt exports on regulation. SYDNEY, Jan 12- London copper traded up half a percent on Thursday as the dollar dropped after Donald Trump failed to offer concrete stimulus plans.

  • *Asia shares mostly firmer as Wall St weathers Trump squall. SYDNEY, Jan 12- The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to help MSCI's broadest index of Asia-Pacific shares...

  • *US set to launch WTO complaint on China aluminum on Thurs. *Indonesia copper miners halt exports on regulation. SYDNEY, Jan 12- Shanghai copper traded little changed in low volumes on Thursday, while most other Shanghai contracts fell after U.S.

  • HONG KONG, Jan 12- China's yuan rose against the U.S. dollar on Thursday, as the global dollar index lost momentum after President-elect Donald Trump's highly-anticipated news conference failed to spell out details on his promises to boost fiscal spending and cut taxes. The People's Bank of China set the midpoint rate at 6.9141 per dollar prior to market open,...

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...

  • *Dollar slipping in Asia after Trump fails to talk stimulus. *Asia shares mostly firmer as Wall St weathers Trump squall. SYDNEY, Jan 12- The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus.

  • SYDNEY, Jan 12- Shanghai copper traded flat on Thursday, while most other Shanghai contracts fell after U.S. *China's National Development and Reform Commission said it had approved 23 fixed-asset investment projects worth 184.0 billion yuan in December. President-elect Donald Trump's nominee for secretary of state set a course for a potentially serious...

  • *Bitcoin price falls to 3- week low, below $800. SHANGHAI/ LONDON, Jan 11- China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar. The People's Bank of China said its probe of...

  • *China electric car makers have large-scale advantage- BYD. BEIJING, Jan 11- More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. China has spent billions of dollars on subsidies to help companies...

  • SHANGHAI, Jan 11- China's central bank said on Wednesday it launched spot checks on major bitcoin exchanges in Beijing and Shanghai, knocking the price of the cryptocurrency down by more than 6 percent. The probe of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into a range of possible rule violations, including market manipulation, money...