Asia Top News and Analysis Shanghai

  • SINGAPORE, Oct 15- Nickel prices in London jumped on Tuesday, recouping some of the previous session's sharp losses, as stockpiles remained at a multi-year low. The most-traded nickel contract on the Shanghai Futures Exchange fell as much as 3.6% to 132,770 yuan a tonne and was down 3.1% at the midday break. "The fireworks were supplied very late in the day... taking...

  • *China's factory prices post steepest fall in 3 years. SHANGHAI, Oct 15- China stocks retreated on Tuesday after five straight sessions of gains, as the latest factory gate data added to China's economic woes and a deal to end the trade war with the United States remained elusive. **China's factory gate prices declined at the fastest pace in more than three years in...

  • SHANGHAI'S MOST ACTIVE NICKEL CONTRACT FALLS 3.3% TO 133,050 YUAN A TONNE.

  • *China wants more talks before signing initial trade deal- BBG. LONDON, Oct 14- A global index of stock markets dipped on Monday as a report that China wants more talks before signing a "Phase One" trade deal with the United States tempered an initial burst of optimism that followed signs of progress last week. But data showing a further contraction in Chinese imports...

  • *China trade data add to signs of weakness in economy. President Donald Trump's outlining the first phase of an agreement to end a trade war with China and suspending a threatened tariff hike, but European shares slipped. Germany's DAX, dominated by companies exposed to China, slipped 0.5%.

  • BEIJING, Oct 14- China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end a trade war with China, U.S. That would be double the $24 billion...

  • SINGAPORE, Oct 14- Shanghai copper prices edged up on Monday amid signs of progress in the U.S.-China trade talks, but gains were limited as the markets remained cautious about the prospects of a durable deal. The most-traded copper contract on the Shanghai Futures Exchange rose 0.2% to a two-week high of 47,030 yuan a tonne by 0148 GMT, while three-month copper...

  • WASHINGTON, Oct 11- U.S. officials on Friday promised a "Phase 1" deal with China on a host of conflicts from intellectual property to currency was imminent, but China's official state-owned news organization Xinhua struck a more cautious tone. President Donald Trump told reporters at the White House after two days of high-level trade talks in Washington, with...

  • *Metro expects 1 billion euros of proceeds. HONG KONG/ DUESSELDORF, Germany, Oct 11- German wholesaler Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, continuing a drive to simplify its business and focus on its core customers in the hospitality industry. Metro expects to receive proceeds of 1 billion euros from the...

  • HONG KONG/ DUESSELDORF, Germany, Oct 11- German retailer Metro has agreed to sell a majority stake in its Chinese operations to local retailer Wumart, Metro said on Friday, confirming an earlier Reuters report. Metro's Chinese operations include 95 stores and real estate assets in major cities such as Beijing and Shanghai. The sale is part of a global...

  • SHANGHAI, Oct 11- China announced a firm timetable for opening its futures, brokerage and mutual fund sectors fully to foreign investors next year, the latest step to deregulate the country's giant financial industry. The announcement by the China Securities Regulatory Commission to scrap foreign ownership restrictions in these sectors comes amid...

  • SHANGHAI, Oct 11- China's securities regulator on Friday announced the timetable for scrapping foreign ownership limits in futures, securities and mutual fund companies. Limits on foreign ownership of futures companies will be scrapped January. 1, 2020, the China Securities Regulatory Commission told a press conference in Beijing. Limits on foreign...

  • *MSCI Asia ex- Japan +1.3%; Nikkei +1.1%. *Trump says U.S.- China negotiations "very, very good". MSCI's broadest index of Asia-Pacific shares outside Japan advanced 1.3% on Friday afternoon in Asia.

  • SHANGHAI, Oct 11- China and Hong Kong stocks advanced on Friday, as investors cheered signs of progress in the ongoing Sino-U.S. trade talks. **The developments of Sino-U.S. trade talks have been a major factor impacting the Hong Kong market, and any progress or partial agreement would greatly boost investor sentiment, Guodu Hong Kong wrote in note.

  • SINGAPORE, Oct 11- Shanghai copper prices rose on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, but London prices treaded water as investors remained cautious ahead of the final day of trade talks. The most-traded copper contract on the Shanghai Futures Exchange was up 0.8% at 46,950 yuan a tonne, as of 0146 GMT.

  • *Mixed reports on U.S.- China trade negotiations. LONDON, Oct 10- A dive in the dollar catapulted the euro higher and flattened stocks on Thursday, as the first U.S.- China trade talks since July and a report accusing the European Central Bank chief Mario Draghi of going rogue jostled for attention. Markets were bombarded from all sides by denials and...

  • SINGAPORE, Oct 10- Copper prices rose on Thursday following reports that the United States is weighing a currency pact with China and could suspend a tariff hike planned next week. Traders and brokers said despite doubts about the outcome of U.S.- China trade talks set to begin on Thursday, the metals market was taking note of a Bloomberg report saying the White...

  • *China's Liu to cut short his visit to Washington- SCMP. TOKYO, Oct 10- Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin on Thursday could be cut short. Another report, from Bloomberg, that the White...

  • SINGAPORE, Oct 10- London copper prices bounced back from early losses on Thursday after reports that the United States is weighing a currency pact with China as part of a partial deal that could see a planned tariff hike next week being suspended. The White House plans to roll out a formerly agreed currency pact with China, which will be followed by further talks...

  • LONDON, Oct 9- Copper held steady on Wednesday before high-level talks between China and the United States but low expectations for a swift end to the prolonged trade dispute kept prices in a tight range. Prices of the metal used widely in power and construction fell to $5,518 early last month, the lowest since May 2017 on concern about demand in top consumer China.