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Asia Top News and Analysis Shanghai

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • HAMAD PORT, Qatar, June 15- Qatar's main seaport shows all the signs of having weathered the storm. Saudi Arabia, the United Arab Emirates and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Earlier this week the world's biggest...

  • NEW YORK— Nike wants to be more nimble on its feet. More people are choosing fashion over function, with sales of classic sneakers industry-wide climbing 26 percent last year, according to research from The NPD Group. "Nike missed the fashion shift away from performance basketball to retro," said Matt Powell, the sports industry analyst at NPD.

  • *Dollar gains as Fed points the way to trimming bond portfolio. LONDON, June 15- Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market. "Just like in previous rate hikes, the next day the market starts looking at...

  • *Dollar gains as Fed points the way to trimming bond portfolio. LONDON, June 15- Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market. "Just like in previous rate hikes, the next day the market starts looking at...

  • *Dollar gains as Fed points the way to trimming bond portfolio. LONDON, June 15- Gold dipped on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year. "Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in...

  • *Europe follows Asia lower on economic growth worries. LONDON, June 15- Stocks fell in Europe and Asia on Thursday as investor concern over the pace of U.S. economic growth overshadowed a widely telegraphed rise in Federal Reserve interest rates that lifted the dollar off recent lows. A Washington Post report that U.S.

  • SHANGHAI, June 15- China stocks were little changed on Thursday on persistent fears that policy tightening measures will soon start to weigh on the country's economic growth, despite largely resilient data reported the previous day. China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight...

  • SHANGHAI, June 15- China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have...

  • SHANGHAI/ DUBAI, June 15- China's civil aviation authority has fined Dubai- based carrier Emirates and barred it from adding new destinations and aircraft in China for six months after two incidents of "unsafe operations", the state news agency Xinhua said on Thursday. According to the report the Civil Aviation Administration of China said that the pilots were...

  • SHANGHAI, June 15- China's yuan edged up against the dollar on Thursday after the central bank set guidance at a fresh seven-month high following the U.S. However, China's central bank left interest rates for open market operations unchanged on Thursday, unlike in March, when it raised rates within hours of the Fed's move. Before the market open, the People's Bank...

  • SHANGHAI, June 15- China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have...

  • BENGALURU, June 15- Gold edged up on Thursday from a near three-week low hit in the previous session, supported by softer U.S. economic data and a fall in Asian shares following a report that President Donald Trump was being probed for possible obstruction of justice. "Although the Fed is saying the data is transitory, the market is struggling to align with this view,"...

  • SHANGHAI— The Chinese government has granted preliminary approval for nine Donald Trump trademarks it had previously rejected, in whole or in part, the Associated Press found, a turn that is likely to fuel further allegations that Beijing may be giving the president's family business special treatment. China's Trademark Office did not respond to requests...

  • SHANGHAI— China grants preliminary approval for nine Donald Trump trademarks it had previously rejected.

  • BEIJING, June 14- China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. China's fast start to the year led the International Monetary Fund on Wednesday to raise its 2017 growth outlook for the country to 6.7...

  • On Tuesday, Anbang Insurance Group said its chairman Wu Xiaohui was no longer able to fulfil his duties, amid reports he had been taken away for investigation. Tomorrow Group, a Beijing- based financial group, controls listed firms including Baotou Huazi Industry Co Ltd and Xishui Strong Year Co Ltd Inner Mongolia. He quit as China Telecom Corp's chairman and CEO...

  • BEIJING, June 14- Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York's Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers. But its headline-grabbing deals and the connections forged by chairman Wu Xiaohui- from Beijing to...

  • LONDON, June 14- Russian stocks slipped close to one-year lows on Wednesday, facing the prospect of a fresh round of U.S. sanctions and lower oil prices while Chinese stocks also fell after lacklustre investment data that hinted at slower economic growth. MSCI's emerging equity index has failed to make much headway after hitting successive two-year highs and...

  • *PBOC asks Shanghai banks for asset quality, credit report. SHANGHAI, June 14- China's central bank is asking lenders in Shanghai for information on how recent regulatory tightening is effecting their lending and credit quality, two people with direct knowledge of the matter said on Wednesday. Banks in Shanghai recently received a notice from the People's Bank...