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Asia Top News and Analysis Shanghai

  • LONDON, Jan 17- Copper resumed its decline on. "That was a pretty rapid rise in December and we seemed to have traded ahead of the fundamentals, so there was always the risk of profit taking given the net speculative positioning was elevated," Robin Bhar, head of metals research at Societe Generale in London, said. *POSITIONS: Futures brokerage Gelin Dahua has cut its...

  • LONDON, Jan 17- Copper resumed its decline on. "That was a pretty rapid rise in December and we seemed to have traded ahead of the fundamentals, so there was always the risk of profit taking given the net speculative positioning was elevated," Robin Bhar, head of metals research at Societe Generale in London, said. *POSITIONS: Futures brokerage Gelin Dahua has cut its...

  • LONDON, Jan 17- Copper edged higher on Wednesday as investors and industrial buyers took advantage of lower prices after a sell-off, although some analysts said there was potential for further falls. "So far we're holding downside support levels as scale-down buying is coming through from consumers and other investors who may have missed those lower levels a...

  • New Brunswick, N.J.- based J&J said in January last year it was evaluating options for its diabetes care companies, specifically LifeScan Inc, Animas Corp, and Calibra Medical Inc. One option was a sale of the business, it said. Almost one in three of the world's diabetes sufferers lives in China, according to World Health Organisation estimates.

  • SHANGHAI— An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook and iPhone parts, before returning to filthy dormitories with cold showers. Catcher Technology Co. Ltd., which...

  • **The largest percentage losses in the Shanghai index were China Jushi Co Ltd down 9.98 percent, followed by Shanghai Shimao Co Ltd losing 9.33 percent and Changchun Gas Co Ltd down by 8.74 percent. **So far this year, the Shanghai stock index is up 3.91 percent, the CSI300 is up 5.4 percent this year, while China's H-share index listed in Hong Kong is up 9.2 percent.

  • *Co-founder says China could be up to 50 pct of future business. Matt Barnard, chief executive of the San Francisco- based firm which counts Amazon Inc. founder Jeff Bezos and Japanese tech player SoftBank Corp among its backers, told Reuters on Wednesday that China could potentially host at least 300 of Plenty's farms. Plenty is currently hiring in China and...

  • SHANGHAI, Jan 17- China's luxury goods market is back in fashion. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain& Co.. China's shoppers are the biggest spenders worldwide on luxury products,...

  • BEIJING, Jan 17- Shanghai aluminum prices extended declines into a second session on Wednesday as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region to the east of the country. "Even so, the inventory on the market is still growing," said Xu Maili, director of non-ferrous metal reserarch at Everbright...

  • BEIJING, Jan 17- Shanghai aluminium prices extended declines into a second session on Wednesday as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region to the east of the country. "Even so, the inventory on the market is still growing," said Xu Maili, director of non-ferrous metal reserarch at Everbright...

  • BEIJING, Jan 17- Ambitious U.S. indoor farming startup Plenty Inc is actively seeking urban sites for new farms in Chinese cities as part of a global drive to set up high-tech facilities growing organic vegetables in warehouses under banks of LED lights. Matt Barnard, Chief Executive of the San Francisco- based firm which counts Amazon Inc. founder Jeff Bezos and...

  • SHANGHAI, Jan 17- China's blue-chips fell on Wednesday morning as investors pocketed gains in consumer and real estate firms. **China's blue-chip CSI300 index was down 0.48 percent, with its financial sector sub-index higher by 0.54 percent, the consumer staples sector down 2.16 percent, the real estate index down 2.87 percent and healthcare sub-index off 1.06...

  • BEIJING, Jan 17- Shanghai aluminum prices extended declines into a second day on Wednesday as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region to the east of the country. *SHANGHAI ALUMINIUM: The most-traded March contract on the Shanghai Futures Exchange was down 1.6 pct at 14,655 yuan a tonne at 0224...

  • BEIJING, Jan 17- Shanghai aluminium prices extended declines into a second day on Wednesday as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region to the east of the country. *SHANGHAI ALUMINIUM: The most-traded March contract on the Shanghai Futures Exchange was down 1.6 pct at 14,655 yuan a tonne at 0224...

  • NEW YORK, Jan 16- If you ever happen to run into Burbanks Mark Chu-Lin, he might not respond if you call out to him by name. Chu-Lin, a project analyst, has sometimes spent over $10,000 a year on his hobby even up to $15,000. Cosplay lovers were estimated to spend $17.8 billion on costumes worldwide in 2017, according to Shanghai- based research firm CRI.

  • NEW YORK, Jan 16- If you ever happen to run into Burbanks Mark Chu-Lin, he might not respond if you call out to him by name. Chu-Lin, a project analyst, has sometimes spent over $10,000 a year on his hobby even up to $15,000. Cosplay lovers were estimated to spend $17.8 billion on costumes worldwide in 2017, according to Shanghai- based research firm CRI.

  • SYDNEY, Jan 16- Copper markets in London and Shanghai eased on Tuesday, reversing an earlier uptrend, as the dollar pulled up from a three-year low. Earlier in the session, copper prices edged up in London and Shanghai, helped by a weaker U.S. dollar, which strengthened during Asian trading hours. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai...

  • **The largest percentage gainers in the main Shanghai Composite index were Beijing Airport High-Tech Park Co Ltd up 10.02 percent, followed by Fujian Longxi Bearing Group Co Ltd gaining 10.01 percent and Shanghai U9 Game Co Ltd up by 10.01 percent. **The largest percentage losses in the Shanghai index were Shangying Global Co Ltd down 9.99 percent, then Hang Xiao...

  • SHANGHAI, Jan 16- China's yuan, which has climbed against the U.S. dollar the past four days, advanced again early on Tuesday, supported by a much stronger official fixing and heavy corporate sales of the weakening dollar. The Chinese currency has risen about 1.2 percent against the dollar this year, after a roughly 6.8 percent gain during 2017, reversing three...

  • *China 2017 GDP growth seen at 6.8 pct, 2018 6.5 pct. BEIJING, Jan 16- China's economy is expected to cool this year as a government-led crackdown on debt risks and factory pollution drag on overall activity, a Reuters poll showed on Tuesday. Beijing is in the second year of a relentless campaign to wean China off its debt-heavy investment model, clamping down on...