China's central bank is preparing to raise reserve requirements for yuan deposits in clearing banks, in a bid to stem selling pressures.» Read More
*Liquidity tightens as banks pay reserve requirements. SHANGHAI, Oct 8- Chinese money rates rebounded sharply on Monday as scheduled reserve requirement payments pressured bank liquidity as the market re-opened after a week-long break. The rise nearly wiped out the rate's 77.10 bps fall on Sept 28, the last day of trading before the week-long national holiday.
*China slowdown may get worse and last longer- World Bank. SINGAPORE, Oct 8- Shanghai rebar steel futures climbed nearly 2 percent on Monday to the highest in almost two months as Chinese traders returned from a week-long break armed with hopes demand in the world's top consumer will pick up as the economy stabilises.
October 05 Fitch Ratings has assigned property developer Sunac China Holdings Limited's proposed senior unsecured USD notes an expected rating of' BB-'. Sunac's strength in the Beijing and Tianjin markets is evidenced by the partnerships it has with leading property companies in both cities.
According to Campus Grotto's just-released report on the 2012-2013 year, the top 10 colleges all have an average total cost of more than $55,000 per year.
Oct 4- General Electric Co on Thursday issued its second directive this week for an inspection of its new GEnx engine on Boeing Co jets, this time telling airlines to check the installation of a turbine part, after an engine failed on a Boeing 747-8 freighter last month in Shanghai.
*Island row taking toll on sales for Japan automakers. Violent protests and calls for boycotts of Japanese products broke out across China in mid-September after Japan bought two of the East China Sea islands, known as the Diaoyu in Chinese and the Senkaku in Japanese, from their private owners.
SYDNEY-- A Chinese billionaire has made an Australian dollars 830 million takeover offer for Botswana copper miner Discovery Metals Ltd..
BEIJING, Oct 4- Mazda Motor Corp said on Thursday sales in China for September tumbled 35 percent, one of the first signs that sales from Japanese automakers there are likely to weaken sharply on a row over islands claimed by both nations.
BEIJING, Oct 4- Japanese automaker Mazda Motor Corp said on Thursday it sold 13,258 cars in China in September, down 35 percent on a year earlier. In the first nine months of the year, sales fell 6 percent from a year ago to 148,116 cars, it said. Mazda operates a three-way car venture in China with Ford Motor and Chongqing Changan Automobile Co Ltd.
SEOUL, South Korea-- Along with the now inevitable galaxy of stars promoting blockbusters from across Asia, this year's Busan International Film Festival will screen a North Korean film for the first time in almost a decade as well as six classic Afghan movies that were hidden in a wall to save them from the Taliban.
HONG KONG, Oct 3- The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at firstname.lastname@example.org or 2843-1608 to submit entries for this diary. JPMorgan, UBS---------------------------------------------------------------- Dec Mando China N/A N/A Deutsche Bank, 200 2012 Holdings.
*FX deposits in China hit record high every month since last October. During the same period, the People's Bank of China and state-controlled banks began selling off dollars from time to time, reversing a decade-old tradition of only participating in the market as a buyer of forex and prompting speculation that a wave of capital flight from China was imminent.
Oct 2- General Electric Co is calling for a new round of inspections by airlines on its new GEnx engine on Boeing Co aircraft, with a focus on the section of the engine that failed on a 747-8 freighter in Shanghai last month.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.
Greece may be in flames, but its stock market is doing quite nicely. In fact, the gains so far this year have outpaced those in many financially stronger countries—especially China.
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.
Shares of Shanghai-listed Citic Securities, China’s largest brokerage firm, fell by 9.1 percent on Monday after rumors the company had suffered a large 2.9 billion yuan ($460 million) loss on overseas trading. But a spokesperson for the company denied the rumors.
As Gu Kailai passed the day in a Hefei detention center ahead of the most anticipated Chinese trial in decades, local sightseers flocked to Lord Bao temple, a shrine dedicated to an 11th-century official who symbolizes justice in China. The FT reports.
When Guo Shuqing became China’s top securities regulator in October, investors hoped that he would bring a reformist zeal to the job that would help break the stock market’s two-year losing streak.