Business News Beijing

  • April 24- European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP. Germany's DAX eked out a gain ahead of the country's Ifo business climate data, due at 0800 GMT, while all other major regional bourses were in the red.

  • SINGAPORE, April 24- Industrial metals in Shanghai decreased on Wednesday following declines in London overnight and amid fears that China may ease its economic stimulus. In the Shanghai Futures Exchange, there's also some selloff pressure, mainly because of the possibility that China may scale back its monetary easing, "said analyst Helen Lau of Argonaut...

  • SHANGHAI, April 24- Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China's plans for further stimulus as the economy shows signs of regaining its footing. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3 percent lower, erasing early gains in the wake of record closing highs on Wall Street...

  • SHANGHAI, April 24- China stocks fell on Wednesday morning, amid new signs the central bank is putting on hold broad policy easing measures, dashing hopes for fresh large-scale liquidity pumps into the financial system. **Hong Kong stocks also fell, despite Wall Street hitting fresh closing highs. **The People's Bank of China injected funds to select commercial...

  • *MSCI Asia ex- Japan off 0.5 pct, S.Korea and China weigh. SHANGHAI, April 24- Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 percent lower, erasing early gains in...

  • KUALA LUMPUR, April 23- Malaysia is hopeful of getting more "fair" investment from China, its foreign minister said on Tuesday, after both countries agreed to resume two multi-billion dollar projects just before a Belt and Road conference in Beijing this week. Last week, Mahathir announced the resumption of a multi-billion dollar property development linked to...

  • Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. It said Chinese Vice Premier Liu He, who will lead the Beijing talks for China, will also travel to Washington for more discussions starting on May 8. Earlier on Tuesday, Larry...

  • HONG KONG, April 23- Chinese President Xi Jinping is refashioning his country's military into a potent fighting force that in some critical areas now surpasses the U.S. armed forces, making an American victory over China in a regional war far from assured, Reuters reports today. According to retired Admiral Gary Roughead, who held the top job in the U.S. Navy,...

  • (L-R) US Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He pose for a group photo at the Diaoyutai State Guesthouse in Beijing on February 15, 2019.

    Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will head to Beijing for talks that will begin on April 30.

  • BUENOS AIRES, April 23- Argentina is pushing to increase agricultural trade with commodities-hungry China, as farmers on the country's Pampas grains belt prepare for what is expected to be an bumper soybean harvest over the weeks ahead. "We believe Argentina still has a big chance to advance agro-industrial trade and increase its role as a reliable supplier of...

  • KUALA LUMPUR, April 23- Malaysia is hopeful of getting more "fair" investment from China, its foreign minister said on Tuesday, after both countries agreed to resume two multi-billion dollar projects just before a Belt and Road conference in Beijing this week. Last week, Mahathir announced the resumption of a multi-billion dollar property development linked to...

  • The decision by the Trump administration not to renew any of the waivers extended six months ago to eight importers of Iranian crude, including top buyers China and India, is a clear escalation of Washington's campaign against Tehran's nuclear program. It may be the case that Chinese refiners are stocking up on Iranian crude in anticipation of not getting any...

  • JUJUY, Argentina, April 23- In an arid, lunar-like landscape in the sunny highlands of northern Argentina, South America's largest solar farm is rising, powered by funding and technology from China. Local officials said they had sought help at home, the United States and Europe without success. The Import-Export Bank of China saw it differently.

  • HONG KONG, April 23- Chinese President Xi Jinping is refashioning his country's military into a potent fighting force that in some critical areas now surpasses the U.S. armed forces, making an American victory over China in a regional war far from assured, Reuters reports today. According to retired Admiral Gary Roughead, who held the top job in the U.S. Navy,...

  • LONDON, April 23- Nickel prices hit a two-month low on Tuesday on signs of rising supply, while the wider market was mixed on conflicting signals about China's economy. And nickel ore prices are down to the lowest levels in over a year, "said Colin Hamilton, director of commodities research at BMO Capital in London. Benchmark nickel on the London Metal Exchange was...

  • *Oil majors boost London's FTSE 100. *Thomas Cook surges on possible takeover bid. The pan-European STOXX 600 index fell 0.3 percent by 0930 GMT after seven straight sessions of gains, with all major indices in the red except oil major-heavy London's FTSE 100 which rose 0.4 percent.

  • A customer exits a Luckin Coffee outlet in Beijing, China, on Tuesday, Jan. 15, 2019.

    Luckin Coffee, the Chinese challenger to Starbucks, filed for a U.S. initial public offering through which, sources said, it is looking to raise up to $800 million.

  • BEIJING, April 23- China's national space agency said on Tuesday it will soon announce rules to regulate commercial rocket manufacturing, test flights and launches, state media reported, as the number of private startups in the nascent sector surged in the past year. A space law has been included in the legislative plan of parliament, and could be introduced in...

  • BEIJING, April 23- Profits earned by China's state-owned firms in the first three months of the year rose 15.6 percent from the same period a year earlier, the Ministry of Finance said on Tuesday. Total profits stood at 819.77 billion yuan in the period, while revenue increased 8.9 percent to 14 trillion yuan. State firms' liabilities increased 8.8 percent on an...

  • April 23- Emerging market stocks dipped on Tuesday, and Chinese shares were seen weakening further on concerns of Beijing trimming support to an economy whose recent performance has beaten expectations. Brokerage Shanxi Securities said it had seen a clear move towards marginal tightening and it was expecting more "corrections" as the stock market reacted.