Asia Top News and Analysis
Shanghai
*Raw materials to be hit by North Korea sanctions. Within a tightening global raw materials market, China's lead production sector has come in for particular scrutiny as Beijing wages war on industrial pollution. And the stresses could become more acute as China loses an important source of raw materials from North Korea as part of its commitment to...
This is a higher growth rate than China's imports of crude oil, which are up 12.2 percent, or coal, or even iron ore. Shanghai benchmark futures ended at 15,345 yuan a tonne on Monday, down 15.5 percent from the end of last year. The main Japanese rubber contract finished at 221.2 yen a kilogram on Sept. 15, a drop of 16.2 percent from the end of last year.
MELBOURNE, Sept 19- London metals traded little changed on Tuesday as traders are awaiting the outcome of the U.S. Prices have been consolidating around $6,450 to $6,550 a tonne since falling to a four-week trough of $6,453 a tonne last week. *ShFE COPPER: Shanghai Futures Exchange copper finished up 0.8 percent at 50,730 yuan a tonne.
This is a higher growth rate than China's imports of crude oil, which are up 12.2 percent, or coal, or even iron ore. Shanghai benchmark futures ended at 15,345 yuan a tonne on Monday, down 15.5 percent from the end of last year. The main Japanese rubber contract finished at 221.2 yen a kilogram on Sept. 15, a drop of 16.2 percent from the end of last year.
MELBOURNE, Sept 19- London metals were steady on Tuesday as traders are awaiting the outcome of the U.S. Prices have been consolidating around $6,450 to $6,550 a tonne since falling to a four-week trough of $6,453 a tonne last week. *ShFE COPPER: Shanghai Futures Exchange copper was up 0.9 percent at 50,790 yuan a tonne.
SHANGHAI, Sept 19- China's yuan weakened against the U.S. dollar on Tuesday, giving back all the gains it booked in early September, pressured by a softer fixing and heavy corporate demand for the greenback. "Intraday volatility in the spot yuan has become higher recently," said a trader at a regional bank in Shanghai, adding he expected the volatility to persist for...
HONG KONG, Sept 19- China's Tencent Holdings and Guangzhou Automobile Group Company Ltd have agreed to collaborate on internet-connected cars- a strategic pact that sent shares in Guangzhou Auto surging. Earlier this year, Tencent bought 5 percent of U.S. electric car maker Tesla Inc for $1.78 billion. Hong Kong- listed shares of Guangzhou Auto were trading 5...
MELBOURNE, Sept 19- London copper and zinc climbed on Tuesday on signs that a cooling property market in top consumer China was not derailing economic growth in the world's top metals consumer. *CHINA PROPERTY: China's new home prices rose in August at the slowest pace in seven months and fell or leveled off in more cities as government cooling measures dampened...
LONDON, Sept 18- Here we go again on the London Metal Exchange copper stocks roller coaster. The London market is getting used to this long-running tug-of-war between two of the market's bigger players. Deliveries of copper onto LME warrant last week totalled 108,175 tonnes with the inflow concentrated on Rotterdam, Busan in South Korea, Port Klang in Malaysia...
LONDON, Sept 18- Here we go again on the London Metal Exchange copper stocks roller coaster. The London market is getting used to this long-running tug-of-war between two of the market's bigger players. Deliveries of copper onto LME warrant last week totalled 108,175 tonnes with the inflow concentrated on Rotterdam, Busan in South Korea, Port Klang in Malaysia...
*North Korean concentrate exports to China stifled by sanctions. LONDON, Sept 18- Lead prices hit two-week highs on Monday as worries increased about tighter supplies amid China's environmental crackdown, strong demand and falling inventories in Shanghai. "Some of these environmental inspections in China are hitting lead more than other metals because of...
*North Korean concentrate exports to China stifled by sanctions. LONDON, Sept 18- Lead prices hit two-week highs on Monday as worries increased about tighter supplies due to China's environmental crackdown, strong demand and falling inventories in Shanghai. "Some of these environmental inspections in China are hitting lead more than other metals because of...
SINGAPORE, Sept 18- London copper rose on Monday for a second straight session as the market recovered from last week's near one-month low although concerns over slowing growth in top consumer China capped gains. *LME COPPER: Three-month copper on the London Metal Exchange rose $39.5, or 0.6 percent, to $6,546.50 a tonne by 0711 GMT after dropping on Thursday to...
BEIJING/ HONG KONG, Sept 18- China's new home prices rose in August at the slowest pace in seven months and fell or leveled off in more cities as government cooling measures dampened speculation, though there were no signs of a sharper correction that could damage the economy. Signs of a more stable and less frothy housing market, which is a key driver of economic...
BEIJING— Chinese authorities have detained a software developer for selling computer services that allow internet users to evade China's "Great Firewall," which blocks access to thousands of websites, from Facebook to Twitter to some news outlets, a media report said Monday. China restricts how licensed VPNs are used, but has yet to disclose what those...
*Herman Yu moves to Baidu from China tech rival Weibo. The appointment of Herman Yu, Weibo's CFO since 2015, sees Baidu stalwart Jennifer Li step down as CFO after almost a decade in the role to become a senior adviser to Baidu's top management, the company said in a statement. Li, one of China's most powerful female tech figures, will remain chief executive of Baidu's...
Some of the biggest companies in the world are finding they need to play by an entirely new set of rules on the once-anarchic internet.
BEIJING, Sept 18- China's property price growth slowed but remained firm in August despite stiff curbs to dampen speculative demand, suggesting the sector held up well with few risks of a severe correction many fear would blight the economy. Average new home prices in China's 70 major cities rose 0.2 percent in August, lower than the previous month's reading of...
SINGAPORE, Sept 18- London copper was little changed on Monday, trading near last week's one-month low, while prices in Shanghai slid for a fourth consecutive session on concerns over slowing growth in top consumer China. *Three-month copper on the London Metal Exchange fell $2 to $6,505 a tonne by 0049 GMT after dropping on Thursday to $6,452.50 a tonne, the...
Bruce Rauner is wrapping up his administration's first international trade mission with a visit to a Chinese university, where he said he's encouraging students to study, visit and build companies in Illinois. Rauner spent the first part of his eight-day trip at the Midwest-Japan Conference in Japan, where he said he and eight other Midwest governors met with...
