Asia Top News and Analysis Shanghai

  • LONDON, Jan 24- The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank's first meeting of the year. Progress, or lack of it, in U.S.- China trade talks was also in focus, as were signs of a Brexit delay, while the Emerging-market bulls were still...

  • LONDON, Jan 24- Global aluminium production grew at its slowest pace in a decade in 2018, and most of that was in the first half of the year. Output totalled 64.34 million tonnes, according to the International Aluminium Institute, up by just 1.5 percent on 2017. Even China, the world's dominant producer, ran out of expansion steam last year with growth of 1.6 percent,...

  • LONDON, Jan 24- Global aluminum production grew at its slowest pace in a decade in 2018, and most of that was in the first half of the year. Output totalled 64.34 million tonnes, according to the International Aluminium Institute, up by just 1.5 percent on 2017. Even China, the world's dominant producer, ran out of expansion steam last year with growth of 1.6 percent,...

  • *ECB policy decision due 1245 GMT, Draghi at 1330 GMT. LONDON, Jan 24- The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank's first meeting of the year. Progress, or lack of it, in U.S.- China trade talks was also in focus, as were signs of a Brexit...

  • With China targeting sales of more than 7 million EVs by 2025, the need to manage demand and distribution of power on the grid, particularly at times of peak demand, will be crucial. PowerShare can monitor where vehicles are and where demand is in the system, " Graham Howes, managing director of BP Ventures in Asia, told Reuters. "We wanted to find a technology that can...

  • MELBOURNE/ BEIJING, Jan 24- London aluminium prices slipped on Thursday from near one-month highs hit in the previous session on expectations that a period of tight supply will soon come to an end. However, the fundamentals for aluminium remain bearish, with an obvious discrepancy between abundant supply and low off-season demand in top consumer China,...

  • *Shanghai stocks +0.41 pct, blue-chip CSI300 +0.56 pct. SHANGHAI, Jan 24- China's main stock indexes ended higher on Thursday as solid profit growth at China Merchants Bank lifted financial shares, but continued uncertainty over trade and the economy capped gains. **China has approved a plan to set up a Nasdaq-style board for tech companies in Shanghai aimed at...

  • TOKYO, Jan 24- Asian shares inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and worries about weakening global economic growth kept many investors on the sidelines. Financial spreadbetters expect London's FTSE Frankfurt's DAX and Paris's CAC to dip marginally when they open, with...

  • SINGAPORE, Jan 23- London aluminum prices rose for a second session on Wednesday to trade near last session's one-month high, underpinned by signs of falling production in China. Copper ticked higher after closing lower in the last two sessions, although concerns over trade dispute between Washington and Beijing kept a lid on prices of industrial metals.

  • SINGAPORE, Jan 23- London aluminum prices rose for a second session on Wednesday to trade near last session's one-month high, underpinned by signs of falling production in China. Copper ticked higher after closing lower in the last two sessions, although concerns over trade dispute between Washington and Beijing kept a lid on prices of industrial metals.

  • SINGAPORE, Jan 23- London aluminium prices rose for a second session on Wednesday to trade near last session's one-month high, underpinned by signs of falling production in China. Copper ticked higher after closing lower in the last two sessions, although concerns over trade dispute between Washington and Beijing kept a lid on prices of industrial metals.

  • HANGZHOU, China, Jan 23- Gliding silently through Alibaba Group Holding Ltd's futuristic "FlyZoo" hotel, black disc-shaped robots about a metre in height deliver food and drop off fresh towels. It is also an experiment that tests consumer comfort levels with unmanned commerce in China- a country where intrusive data-sharing technology is readily tolerated and...

  • *Tesla's current exclusive supplier is Japan's Panasonic. BEIJING, Jan 22- U.S. electric vehicle maker Tesla Inc has held talks with China's Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. Tesla said it received quotes from Tianjin Lishen to supply...

  • *U.S. carmaker's current exclusive supplier is Japan's Panasonic. *Tesla wants to diversify battery sources for Shanghai factory. BEIJING, Jan 22- Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.

  • *Toyota to own 51 pct of venture, Panasonic the rest. TOKYO, Jan 22- Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle batteries, leveraging the heft of one of the world's largest automakers and battery makers to expand their EV push. Panasonic will also transfer its manufacturing capabilities in Japan and China...

  • BEIJING, Jan 22- Base metals prices dropped across the board on Tuesday, with benchmark London copper extending a sharp drop from the previous session, after economic growth in top metals consumer China slowed to its weakest in 28 years. Trading volumes were thin ahead of the upcoming Lunar New year holiday, which will see China shut down for a week.

  • *China prepares for tough quarter after reporting weak 2018 GDP. HONG KONG, Jan 22- Shares in China fell on Tuesday as investors braced for a tough start to 2019 amid weak economic outlook at home and abroad. **The IMF's warning came shortly after China reported its slowest growth in 28 years for 2018, amid the trade war with the United States and cooling domestic...

  • *U.S. carmaker's current exclusive supplier is Japan's Panasonic. *Tesla wants to diversify battery sources for Shanghai factory. BEIJING, Jan 22- Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.

  • SHANGHAI, Jan 22- Tesla Inc denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had received quotes from the Chinese battery maker but did not proceed further. "We have not signed any agreement of any kind with them," a Tesla spokeswoman told Reuters. Reuters earlier on...

  • *GDP growth at 28- year low; stocks down 25 pct in 2018. HONG KONG/ SHANGHAI, Jan 22- Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. His Shanghai- based ChangAn Xinyi Enhanced Mixed Fund has increased its assets over the past two weeks by shunning Chinese stocks for bonds.