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Asia Top News and Analysis Shanghai

  • China has said it wants electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025, spurring a raft of investment plans from global automakers in electric vehicles, particularly new joint ventures with Chinese firms. Volvo's chief executive Hakan Samuelsson said there was huge demand for premium electric cars in China, but added...

  • BEIJING/ MOSCOW, Oct 17- As part of its recent $9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day of Russian oil- giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude importer, having access to Russian...

  • LAUNCESTON, Australia, Oct 17- The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on...

  • SHANGHAI, Oct 17- Volvo Cars and its Chinese parent unveiled their first Polestar model and plans to invest 5 billion yuan in the electric vehicle brand, gearing up for intense competition to sell green cars in the world's biggest auto market. China has said it wants electric and plug-in hybrid cars to make up at least a fifth of Chinese auto sales by 2025, spurring...

  • LONDON, Oct 17- Zinc prices slipped to their lowest in more than two weeks on Tuesday as the dollar strengthened and available inventories rose, highlighting concern that increasing supply would ease shortages. *ZINC SPREADS: The premium of cash LME zinc over the three-month contract fell to $34 a tonne from $59 the previous day and a peak of $91 on Oct. 12.

  • *Qualcomm seeks leverage with latest China case. SHANGHAI/ BEIJING, Oct 17- Qualcomm Inc wants to hit Apple Inc where it hurts most: iPhone sales in China- one of its biggest global markets where most of its flagship smartphones are made. The two firms are fighting on multiple fronts around the globe from the United States to Europe and Asia, but the China case is...

  • BEIJING— Volvo Cars' performance electric car brand, Polestar, unveiled a four-seat coupe in lightweight carbon fiber as its first model Tuesday, adding to competition in a market dominated until now by Tesla. It is due to be produced at a factory in western China and released in 2019.. Volvo, owned since 2010 by Chinese automaker Geely Holding, announced in July...

  • GUANGZHOU, China, Oct 17- Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers. In a survey of 102 exporters at the Guangzhou- based trade fair, 77 percent of the mostly small- to...

  • LAUNCESTON, Australia, Oct 17- The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on...

  • LONDON- World stocks and commodities rise, boosted by upbeat Chinese data, while U.S. oil futures jump to a near six-month high as an escalation in fighting between the Iraqi government and Kurdish forces threatens supply. PARIS- New Carrefour boss Alexandre Bompard has turned to a former colleague from Fnac Darty to be his finance chief as he strives to revive...

  • economy@ MELBOURNE, Oct 16- London copper prices charged through the $7,000 mark for the first time in three years on Monday, underpinned by improving manufacturing profits in China that pointed to robust growth in the world's top user of metals. The inflation reading followed data showing China's copper imports surged in September, fuelling optimism about...

  • *Chinese suppliers to Moog committed violations- FAA report. *Boeing, FAA, Moog determined parts posed no safety risk. The FAA, Boeing and Moog said in the report and in emails to Reuters they posed no safety risk.

  • *China cbank gov sees 7 pct growth in H2, stronger than expected. *China retail sales have been growing above 10 pct since March. While China produced forecast-beating growth of 6.9 percent in the first half, many economists and investors had expected momentum would start to fade later in the year.

  • economy@ MELBOURNE, Oct 16- London copper prices charged through the $7,000 mark for the first time in three years on Monday, underpinned by improving manufacturing profits in China that pointed to robust growth in the world's top user of metals. The inflation reading followed data showing China's copper imports surged in September, fuelling optimism about...

  • *China cbank gov sees 7 pct growth in H2, stronger than expected. *China retail sales have been growing above 10 pct since March. SHANGHAI/ BEIJING, Oct 16- China's economy is expected to grow 7 percent in the second half of this year, the central bank governor said, accelerating from the first six months and defying widespread expectations for a slowdown.

  • BEIJING, Oct 16- China's producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices. China's strong demand for building materials has triggered a year-long...

  • September loan data released on Saturday indicates that China has continued to give significant credit support for its economy ahead of a key Communist Party congress that opens on Oct. 18. The next day, China releases third-quarter economic growth data. For the April-June quarter, Beijing reported stronger than expected growth of 6.9 percent from a year...

  • SHANGHAI, Oct 14 Reuters)- China's total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to 1.82 trillion yuan ( $276.66 billion) in September from 1.48 trillion yuan in August, data from the central bank showed on Saturday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system,...

  • BEIJING, Oct 13- Mercedes-Benz, the luxury brand of German carmaker Daimler AG, and its Chinese joint ventures will recall 351,218 vehicles due to potential issues with air bags made by Japan's Takata Corp, China's quality watchdog said on Friday. Official Chinese estimates showed over 20 million cars in China had air bags made by Takata, which have been linked to...

  • BEIJING, Oct 13- China's top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country's longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter. The leadership reshuffle at the People's Bank of China is closely watched in...