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Asia Top News and Analysis Shanghai

  • SHANGHAI, Feb 15- China's yuan weakened slightly against the dollar on Wednesday, but interbank money rates surged after the central bank drained funds for a third straight day in a further sign of policy tightening. The People's Bank of China set the midpoint at 6.8632 per dollar prior to the market open, firmer than the previous fix of 6.8806.

  • SHANGHAI _ Semiconductor Manufacturing International Corp. on Tuesday reported fourth-quarter earnings of $104 million. On a per-share basis, the Shanghai- based company said it had net income of 11 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SHANGHAI— President Donald Trump is poised to receive something Tuesday that he has been trying to get from China for a decade: trademark rights to his own name. Trump's late triumph in the fight to wrest back his brand for construction services could prove to be the first of many intellectual property victories in China during his presidency.

  • SHANGHAI, Feb 14- China's foreign exchange regulator began surveying firms in Shanghai in early February about the impact on cross-border trade of possible protectionist measures by the United States, two sources said on Tuesday. The State Administration of Foreign Exchange is asking firms with large trading operations and cross-border payments with the...

  • *China inflation picks up, lessens global deflation danger. SYDNEY, Feb 14- Asian shares inched to 19- month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and Wall Street stocks. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, trying for its fifth straight session...

  • SHANGHAI, Feb 14- China's yuan weakened against the dollar on Tuesday as the greenback hovered near a four-week high against a basket of currencies, while interbank money rates edged up after the central bank drained funds for a second day. The People's Bank of China set the midpoint rate at 6.8806 per dollar prior to market open, firmer than the previous fix of...

  • *China consumer inflation quickens to fastest since May 2014. BEIJING, Feb 14- China's producer price inflation picked up more than expected in January to near six-year highs as prices of steel and other raw materials extended a torrid rally, adding to views that global manufacturing activity is building momentum. China consumer inflation also rose more than...

  • *China inflation picks up, lessens global deflation danger. SYDNEY, Feb 14- Asian shares inched to 19- month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. Helping sentiment was data showing consumer and producer prices were rising in China and thus reducing the danger of...

  • There was always an element of wishful thinking in Kleinfeld's parallel vision, ignoring as it did the flow of semi-manufactured aluminium products out of China. The physical export flow of "semis" has steadily increased with over four million tonnes leaving China in both 2015 and 2016.. And, equally significantly, the two main trading venues of London and...

  • BEIJING, Feb 13- China's asset management association has banned registration of private equity schemes for residential property investment in 16 cities where it says the market has overheated. The cities include Beijing, Shanghai, Guangzhou, Shenzhen and Xiamen, according to a notice published on Monday on the Wechat account of the Asset Management...

  • SHANGHAI, Feb 13- China's yuan weakened against the dollar on Monday as hopes of major U.S. tax reforms continued to boost the greenback. The People's Bank of China set the official yuan midpoint rate at 6.8898 per dollar prior to the market open, the weakest level in nearly four weeks and 79 pips softer than the previous fix at 6.8819. As of 0830 GMT, the spread between...

  • *BHP says can't meet supply obligations on Chile strike. *Vandalism, fire at Chile copper mine over past few days. More than 300 people wearing hoods vandalized property at the world's largest copper mine at the weekend and forced contract workers to stop work during an ongoing strike at BHP Billiton's Escondida in Chile.

  • The developers are buying land in Tier 1 cities, which are Beijing, Shanghai, Guangzhou, and Shenzhen, or in Tier 2 cities, such as Suzhou, Wuhan and Hefei, but most are shunning smaller Tier 3 and Tier 4 cities. A sharp run-up in prices in major cities last year raised official alarm in Beijing about the potential for a boom and bust cycle, and led to a series of measures at...

  • SHANGHAI, Feb 13- Chinese stocks opened the week on a firm footing on Monday and were track for the fourth straight day of gains, with sentiment boosted by strong commodities, while the Hong Kong market hit four-month highs thanks to capital inflows from the mainland. He said liquidity concerns also eased somewhat as China's central bank injected 100 billion...

  • MELBOURNE, Feb 13- London copper extended gains to hit its highest in 20 months in heavy trade on Monday, driven up by supply worries after shipments were shut off from the world's two biggest copper mines. "The supply shocks caused by union strikes and regulatory uncertainties in the world leading copper mines, coupled with stronger than expected China's...

  • Japan's tough stance on immigration, legal and illegal, has left many Japanese industries suffering from severe labor shortages.

  • SHANGHAI, Feb 10- Trading volumes at China's three largest bitcoin exchanges have plummeted after the central bank put the virtual currency market under sharper scrutiny a month ago in a move that coincided with official efforts to stem capital outflows. China had been the world's leading venue for bitcoin trading, with analytics site Bitcoinity estimating...

  • *Beijing says Xi appreciated Trump upholding "one China" policy. President Donald Trump changed tack and agreed to honour the "one China" policy during a phone call with China's leader Xi Jinping, a major diplomatic boost for Beijing which brooks no criticism of its claim to self-ruled Taiwan. Trump angered Beijing in December by talking to the president of Taiwan...

  • WELLINGTON, Feb 10- New Zealand and China will soon hold a series of high-level meetings and work to promote free trade, the countries' governments said on Friday, amidst growing concerns about U.S. trade protectionism. Chinese Foreign Minister Wang Yi and his New Zealand counterpart Murray McCully met in New Zealand's largest city, Auckland, on Friday, a day after...

  • *Taiwan says it aims to keep strong ties with U.S. and China. President Donald Trump changed tack and agreed to honour the "one China" policy during a phone call with China's leader Xi Jinping, a major diplomatic boost for Beijing which brooks no criticism of its claim to self-ruled Taiwan. Trump angered Beijing in December by talking to the president of Taiwan and...