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Asia Top News and Analysis Shanghai

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • HONG KONG, May 19- China will lift a two-year suspension on foreign funds raising money in the country to invest overseas as early as June, people familiar with the matter said, a sign that Beijing is getting less anxious about capital outflow pressures. Some industry executives said the expected resumption of the Qualified Domestic Limited Partnership...

  • Members of the Korea Internet Security Agency (KISA) check on cyber attacks at a briefing room of KISA in Seoul.

    Tens of thousands of computer users around the world faced the same dilemma on Friday, their last chance to pay the anonymous hackers behind WannaCry.

  • SHANGHAI, May 19- China's main stock indexes were little changed on Friday but ended the week higher, with Shanghai shares snapping a five-week losing streak, as soothing regulatory comments and the central bank's injection offset worries over tighter regulations and economic growth. On Tuesday, China's central bank injected a net 170 billion yuan into money...

  • BEIJING, May 18- Property developers in China could implement price cuts sooner than expected as sales slow and credit conditions tighten, raising the potential need for a state-imposed price floor, according to a senior executive of Future Land. China has tightened rules for real estate businesses seeking to raise funds and introducing a flurry of measures...

  • BEIJING, May 18- Home prices in Beijing and some major Chinese cities softened in April due to ongoing curbs to cool China's red-hot property market, but average prices nationwide saw their largest increase in six months, helped by purchases in smaller cities. New home prices in China rose 0.7 percent on average in April from a month earlier, outpacing the 0.6...

  • Spreadbetters expected European stocks to follow suit, forecasting a lower open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent. Japan's Nikkei shed 1.4 percent, Australian shares lost 1.1 percent and South Korea's KOSPI declined 0.4 percent.

  • BEIJING, May 18- Home prices in China's biggest cities softened in April as administrative curbs to dampen a red hot property market took effect, but robust demand in smaller cities resulted prices nationwide rising by their strongest in six months. Average new home prices rose 0.7 percent in April, faster than the 0.6 percent increase in March, Reuters'...

  • BEIJING, May 17- Home prices in China's biggest cities softened in April as administrative curbs to dampen a red hot property market took effect, but robust demand in smaller cities resulted prices nationwide rising by their strongest in six months. Average new home prices rose 0.7 percent in April, faster than the 0.6 percent increase in March, Reuters'...

  • BEIJING, May 17- Home prices in China rose 0.7 percent in April, barely faster than the 0.6 percent increase in March, following tougher curbs aimed at driving speculators out of what had been a red hot market. Compared with a year ago, new home prices in China's 70 major cities rose 10.7 percent in April, moderating from 11.3 percent in March, according to Reuters...

  • And, as ever with this part of the commodities universe, this is all about China. For many, it seems, China has gone from metallic buy to metallic sell. It's noticeable that volumes and open interest have picked up as Dalian iron ore has fallen, suggesting it is being used to express a negative view on China's immediate growth prospects.

  • The plans of Malaysia- based Genting Group for the site on the Strip's northern end include a 100,000- square-foot casino, dining options of authentic Asian cuisine and retail space. "The company has really taken a look at the market in Las Vegas throughout the past couple of years, and it has really shifted to something that's much more modern."

  • And, as ever with this part of the commodities universe, this is all about China. For many, it seems, China has gone from metallic buy to metallic sell. It's noticeable that volumes and open interest have picked up as Dalian iron ore has fallen, suggesting it is being used to express a negative view on China's immediate growth prospects.

  • May 17- Hong Kong stocks eased on Wednesday but held near 21- month highs aided by steady flows of money from mainland China, where shares tanked under the weight of tighter regulations. On Wednesday, Chinese investors used 24 percent of the daily quota under the Shanghai-Hong Kong Stock Connect to buy Hong Kong shares, which have so far been immune from China's...

  • HONG KONG, May 17- In another step to open up China's capital markets, Hong Kong and Chinese regulators formally approved a long-awaited scheme to connect China's $9 trillion bond market with overseas investors. The so-called Bond Connect programme has been in the works since Beijing launched a similar scheme connecting Hong Kong and Shanghai stock markets...

  • *Stability in China stocks "temporary"- investor. SHANGHAI, May 17- China stocks fell slightly on Wednesday morning following a four-day rising run as concerns over tighter regulation and economic growth capped a rebound triggered by generous official help. Chinese stocks had declined for five weeks in a row amid concerns that Beijing's stepped-up efforts to...

  • *Stability in China stocks "temporary"- investor. SHANGHAI, May 17- China stocks fell slightly on Wednesday morning following a four-day rising run as concerns over tighter regulation and economic growth capped a rebound triggered by generous official help. Chinese stocks had declined for five weeks in a row amid concerns that Beijing's stepped-up efforts to...

  • SHANGHAI, May 17- China's yuan firmed against the U.S. dollar on Wednesday after the central bank fixed its daily midpoint at the strongest level in three months, but the renminbi slid to new lows against currencies in a trade-weighted basket. The People's Bank of China set its official midpoint at 6.8635 per dollar prior to the market open on Wednesday, its...

  • SYDNEY, May 17- London copper traded flat on Wednesday, stymied by expectations of slowing growth in the economy of top metals consumer China. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange was up 0.11 percent to 45,340 yuan a tonne. *CHINA GROWTH: China's growth is set for its weakest patch since the global financial crisis as...