Asia Top News and Analysis Shanghai

  • Trade Representative Robert Lighthizer and senior U.S. officials will travel to Shanghai on Monday for face-to-face trade meetings with Chinese officials, Bloomberg reported on Tuesday, citing unnamed sources. China and the United States have been engaged in trade tensions since last year marked by tit-for-tat tariffs. Talks between the world's two...

  • FRANKFURT/ BEIJING, July 23- China's Beijing Automotive Group Co Ltd has bought a 5% stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been Daimler's main partner in China for years, operating Mercedes-Benz factories in Beijing through Beijing Benz...

  • *Five leading shareholders lose a combined $1 bln. SHANGHAI, July 23- The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires. Frenzied buying more than doubled the board's total capitalisation from 225 billion yuan to...

  • *Shanghai-> HK daily quota used 1.1%. SHANGHAI, July 23- China and Hong Kong stocks barely moved on Tuesday, as the newly launched Nasdaq-style STAR Market continued to attract attention. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.08% while Japan's Nikkei index was up 1.18%.

  • *China c.bank injects 497.7 billion yuan via one-year MLF, TMLF. With growth in China sliding to a near 30- year low, global financial markets are closely watching to see if the People's Bank of China will trim interest rates soon in line with expected easing by other major central banks. The PBOC lent 497.7 billion yuan, including 200 billion yuan through one-year...

  • SINGAPORE, July 23- London nickel prices rebounded on Tuesday after two sessions of declines, hovering around a one-year peak, while the base metals complex was broadly higher. Shanghai nickel dropped 2% to 112,990 yuan. a tonne, tracking previous session's declines in London.

  • DUBAI, July 22- Dubai's largest listed developer Emaar Properties has signed an agreement to help deliver an $11 billion project at the site of Beijing's new mega airport, Emirati state news agency WAM reported on Monday. Emaar Properties did not immediately respond to requests for comment. In December, Emaar said it had started business development...

  • *China's May' 19 cherry imports skid to 1/ 10th of May' 17 volume. BEIJING, July 22- For public relations officer Rachel Li, paying top dollar for "beautiful" cherries imported from the United States was a no-brainer. Across China's metropolises, the appetite of a burgeoning middle class for expensively fresh U.S. cherries has become a symbolic casualty of China's...

  • *Rate meetings in Russia and Turkey later this week. Federal Reserve, while the introduction in China of a Nasdaq-styled index pulled investment away from existing indices. Treasury Secretary had a good talk with his Chinese counterpart, amid signals from China that officials may soon meet in their bid to end a year-long trade war.

  • July 22- Hong Kong stocks ended lower on Monday, tracking a global retreat as expectations for an aggressive interest rate cut by the U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials could soon meet face-to-face in a bid to end their year-long trade war. **Some Chinese companies are...

  • SHANGHAI'S MOST TRADED NICKEL CONTRACT FALLS 3% TO 114,080 YUAN A TONNE.

  • *Shanghai-> HK daily quota used 1.7%. SHANGHAI, July 22- China's benchmark stock index fell on Monday and blue-chips traded sideways as enthusiasm for the country's new Nasdaq-style STAR Market drew investor attention away from the main boards. **All 25 listed firms on China's new STAR Market more than doubled their share prices from already frothy IPO valuations...

  • Three-month nickel on the London Metal Exchange fell 1.2% to $14,555 a tonne, while the most-traded nickel contract on the Shanghai Futures Exchange dropped 2.3% to 114,920 yuan a tonne. *CHINA: China will further ease its economic policy to deal with a prolonged and costly trade war with the United States, but it would save more aggressive measures as last...

  • Jiliguala's co-founders Cathy Hsu and Tony Hsieh.

    When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.

  • SHANGHAI, July 22- China's Nasdaq-style tech board opens for trading on Monday. The STAR Market, complete with a U.S.-style system for initial public offerings, could be China's boldest capital market reform yet, strengthening Shanghai's position as a financial hub that could rival Hong Kong or New York. RECENT STORIES "Expect craziness" as China readies debut...

  • LONDON/ BEIJING, July 19- Chinese firm Tsingshan Holding Group has been buying large quantities of stainless steel ingredient nickel on the London Metal Exchange to supplement its own output, two sources familiar with the matter said. Nickel prices slid to their lowest for the year in the second quarter as investment funds sold on the expectation of slowing...

  • BEIJING, July 19- Nickel extended its rally on Friday, having hit a four-year high in Shanghai overnight, after comments from two Federal Reserve officials revived bets for an aggressive rate cut this month, lifting most of the base metals complex. *SHFE NICKEL: The most-traded August nickel contract on the Shanghai Futures Exchange rose as much as 4.5% overnight...

  • SHANGHAI, July 19- China and Hong Kong stocks followed Asian shares higher on Friday, after a comment from top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling risk appetite. **Investor sentiment was also aided by reports that Sino-U.S. trade talks have resumed, as well as on news that China is considering...

  • BEIJING, July 19- Nickel extended its rally into another day on Friday, having hit a four-year high in Shanghai overnight, after comments from two Federal Reserve officials revived bets for an aggressive rate cut this month, lifting the base metals complex. In Shanghai, nickel was higher for a 10th straight session and on course to add 14.3% this week, which would be...

  • Shanghai nickel prices rose the maximum 6% on Thursday, extending their rally into a ninth day. LME benchmark nickel climbed 2.8% to $14,850 a tonne in closing open outcry activity, paring gains after touching $15,115, the highest since June 29 last year. *SHANGHAI NICKEL: The most traded August nickel contract on the Shanghai Futures Exchange rose to the highest...