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Asia Top News and Analysis Shanghai


  • METALS-Copper steady on China optimism, euro zone weighs Wednesday, 24 Oct 2012 | 2:51 PM ET

    LONDON, Oct 24- Copper was steady on Wednesday on signs of recovery in top consumer China, although gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange was $7,825 at 1434 GMT from $7,831 a tonne at the close on Tuesday.

  • UPDATE 2-China to approve only a few new reactors by 2015 Wednesday, 24 Oct 2012 | 1:41 PM ET

    *France's Areva, Japan's Toshiba could benefit. BEIJING, Oct 24- China will approve a small number of new nuclear reactors before 2015 to be built only in coastal regions, the government said on Wednesday, as it unveiled a raft of measures to spur private investments in energy.

  • METALS-Copper up off 6-week low on China optimism Wednesday, 24 Oct 2012 | 11:04 AM ET

    LONDON, Oct 24- London copper rose from a six-week low on signs of recovery in top consumer China, though gains were capped by weak euro zone data, including in Germany, and ahead of a Federal Reserve policy statement due later on Wednesday. Benchmark three-month copper on the London Metal Exchange edged up 0.51 percent to $7,871 a tonne by 1015 GMT.

  • Hong Kong shares end up 0.3 pct at 2012 closing high Wednesday, 24 Oct 2012 | 8:09 AM ET

    HONG KONG, Oct 24- Hong Kong shares posted a fresh 2012 closing high on Wednesday, buoyed by expectations of more capital inflows into the territory after its de facto central bank moved to weaken the Hong Kong dollar for the fourth time in less than a week.

  • Yuan softens as c.bank signals desire for stability Wednesday, 24 Oct 2012 | 6:16 AM ET

    *Yuan eases slightly to 6.2510/ dollar. *Traders wary of hitting strong side of trading band. SHANGHAI, Oct 24- China's yuan eased on Wednesday, responding to a slightly weaker central bank midpoint, but still hovered near recent record levels, as traders say corporate yuan demand remains robust.

  • HONG KONG, Oct 24- Mainland Chinese shares rose on Wednesday, outperforming most Asian peers and lifting the Hong Kong market to just short of a year-high after a survey of purchasing managers showed China's economy making a steady recovery. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.4 percent.

  • *HSBC Oct flash China manufacturing PMI signal recovery. TOKYO, Oct 24- Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.

  • Microsoft's newest weapon in China piracy fight Wednesday, 24 Oct 2012 | 2:10 AM ET

    SHANGHAI, Oct 24- In 20 years in China, Microsoft Corp hasn't had much luck. ``The fact that there is no delay and they are treating China as one of their primary markets reflects how important China is to Microsoft and I think that's evident in how they plan to launch Surface,'' said Adam Leach, a London- based analyst with technology consulting firm Ovum.

  • *Sluggish demand in China, more stimulus unlikely now. LONDON, Oct 23- Copper slid to a six-week low on Tuesday, giving up more gains from its September rally, as a strong dollar, renewed worries over Spain's sovereign debt and a lack of robust demand from China knocked investor risk appetite.

  • China leader's persona forged by harsh early life Tuesday, 23 Oct 2012 | 11:12 AM ET

    LIANGJIAHE, China-- The next leader of China spent much of his youth living in a dug-out cave. Xi Jingping's seven years in this remote northern community meant toiling alongside rural villagers by day and sleeping on bricks by night, in stark contrast to his pampered early years in Beijing.

  • World stocks rise on US, China recovery signs Thursday, 18 Oct 2012 | 5:17 AM ET

    BANGKOK-- Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Spanish hopes buoy markets ahead of EU summit Wednesday, 17 Oct 2012 | 6:37 AM ET

    However, rising speculation that Spain will soon ask for help to keep its borrowing costs down continues to shore up European markets, particularly in Madrid. The surprise decision late Tuesday by Moody's to maintain its credit rating on Spain has also helped shore up sentiment.

  • World stocks gain on stronger US retail sales Tuesday, 16 Oct 2012 | 5:27 AM ET

    HONG KONG-- World stock markets were lifted Tuesday by better data on the U.S. economy and a report showing improving investor confidence in Germany. In early European trading, Germany's DAX rose 0.6 percent to 7,308.01 and France's CAC 40 gained 0.5 percent to 3,426.48.

  • LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.

  • HONG KONG, Oct 12- China's state-owned insurer PICC Group is tentatively looking to start pre-marketing its proposed up to $3 billion Hong Kong initial public offering in mid-November, IFR reported on Friday citing sources. PICC is planning to raise as much as $6 billion through a dual listing in Hong Kong and Shanghai, sources previously told Reuters.

  • TOKYO, Oct 12- China argued on Friday that the yuan is close to its equilibrium level as the central bank has "dramatically reduced" its intervention in currency markets, rebutting criticism that Beijing suppresses the currency to help exports.

  • Central Huijin, a unit of China's sovereign wealth fund China Investment Corp, raised its stake in Industrial and Commercial Bank of China by about 127.6 million shares on Oct. 9 and 4.7 mln shares on Oct. 10.

  • *Sands China leads gains in Macau gaming sector By Clement Tan. HONG KONG, Oct 12- Hong Kong shares closed at their highest since May 3, after a sixth-straight weekly gain aided by strength in the Chinese banking sector due to expectation of more government moves to jack up China's growth rate.

  • China government raises stake in ICBC by $81 million Friday, 12 Oct 2012 | 4:45 AM ET

    HONG KONG, Oct 12- Industrial and Commercial Bank of China said on Friday its biggest shareholder, the government-backed Central Huijin, had increased its shareholding in the Chinese lender by 127.6 million of the bank's Shanghai- listed shares.

  • Hong Kong shares end up 0.7 pct at five-month high Friday, 12 Oct 2012 | 4:11 AM ET

    HONG KONG, Oct 12- Hong Kong shares finished at a five-month high on Friday, posting a sixth-straight weekly rise on expectations of more government measures to shore up the world's second-largest economy. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.1 percent and 3.8 percent for the week at 10,345.3.