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Asia Top News and Analysis Shanghai

  • MELBOURNE, Aug 9- Shanghai aluminum and copper roared to the highest in around five years on Wednesday as investors flooded into metals on expectations of capacity cuts in coal and aluminum in China. *Shanghai aluminum traded up 5.2 percent, having struck the highest in five years at 16,330 yuan a tonne in the overnight session. *China's Shandong province has...

  • MELBOURNE, Aug 9- Shanghai aluminium and copper roared to the highest in around five years on Wednesday as investors flooded into metals on expectations of capacity cuts in coal and aluminium in China. *Shanghai aluminium traded up 5.2 percent, having struck the highest in five years at 16,330 yuan a tonne in the overnight session. *China's Shandong province has...

  • SHANGHAI _ Semiconductor Manufacturing International Corp. on Tuesday reported second-quarter earnings of $36.3 million. On a per-share basis, the Shanghai- based company said it had profit of 4 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, Aug 8- Emerging market shares shrugged off disappointing Chinese trade data on Tuesday that clouded an otherwise bright outlook for global growth, while South Africas rand steadied ahead of a no-confidence vote against President Jacob Zuma. China's bourses initially stumbled after Beijing reported exports and imports both grew much less than...

  • LONDON, Aug 8- An alleged million-dollar pyramid scheme which is registered in Britain has gone into liquidation, the first step in the process of recovering its assets and distributing them to creditors. Reuters reported last year how the venture, known as EuroFX, allegedly scammed thousands of investors in China and other countries. Reuters reported earlier...

  • SHANGHAI, Aug 8- Hong Kong shares rose on Tuesday as strong company earnings and surging prices for steel and other building materials convinced investors that China's economy remains solid despite weaker-than-expected trade data. "The market is focused on those which haven't given out the results reports, like Tencent and some Chinese banking plays, and...

  • SHANGHAI, Aug 8- China stocks edged slightly higher on Tuesday in quiet trading as investors shrugged off data showing Chinese exports and imports grew more slowly than expected in July. "Today was relatively stable, with more activity in certain sectors like agriculture and stocks related to the Xiongan New Area," said Zhang Qi, an analyst at Haitong Securities...

  • In a phone interview Monday night from Shanghai, where he was concluding a nine-day trade trip in China, Snyder said there is a "strong possibility" for Foxconn to still locate in the state after the company in recent weeks picked neighboring Wisconsin for a $10 billion display panel plant with 3,000 employees that could grow to 13,000.. Snyder told The...

  • SHANGHAI, Aug 8- China stocks slipped on Tuesday morning as momentum flagged and the government announced July trade statistics that were weaker than expected, although Hong Kong shares edged up. Hong Kong's Hang Seng index, meanwhile, added 0.1 percent, to 27,722.70 points. Investors were positioning for corporate results due in the next few weeks, with an eye on...

  • SHANGHAI, Aug 8- China's yuan strengthened to a 10- month high against the dollar on Tuesday, breaching a key psychological level, after the central bank set a firmer guidance rate and data showed a larger-than-expected increase in the country's foreign exchange reserves. Prior to the market open, the People's Bank of China set the midpoint rate at 6.7184 per...

  • In Shanghai today the most active steel rebar contract went limit-up, surging 7 percent to 4,013 yuan per per tonne, its highest level since April 2013. Where Shanghai steel leads, Dalian iron ore follows. Market open interest on both Shanghai steel and Dalian iron ore hit record highs last month and is still at historically elevated levels.

  • LONDON, Aug 7- Copper prices hit two-year peaks on Monday as soaring steel and iron ore prices in China brightened the outlook for growth and industrial demand in the world's largest metals consumer. "It's a combination of sentiment around China that coincides with a realization that the copper market balance has been on a knife edge for the last year.

  • In Shanghai today the most active steel rebar contract went limit-up, surging 7 percent to 4,013 yuan per per tonne, its highest level since April 2013. Where Shanghai steel leads, Dalian iron ore follows. Market open interest on both Shanghai steel and Dalian iron ore hit record highs last month and is still at historically elevated levels.

  • "It's a combination of sentiment around China that coincides with a realisation that the copper market balance has been on a knife edge for the last year. "Admittedly steel and iron ore price gains are more to do with capacity curtailment but its capacity curtailment in the context of China looking to ensure a healthy price for its industrial commodities.

  • "It's a combination of sentiment around China that coincides with a realization that the copper market balance has been on a knife edge for the last year. "Admittedly steel and iron ore price gains are more to do with capacity curtailment but its capacity curtailment in the context of China looking to ensure a healthy price for its industrial commodities.

  • SHANGHAI— A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about the organization's...

  • "It's a combination of sentiment around China that coincides with a realisation that the copper market balance has been on a knife edge for the last year. "Admittedly steel and iron ore price gains are more to do with capacity curtailment but its capacity curtailment in the context of China looking to ensure a healthy price for its industrial commodities.

  • "It's a combination of sentiment around China that coincides with a realization that the copper market balance has been on a knife edge for the last year. "Admittedly steel and iron ore price gains are more to do with capacity curtailment but its capacity curtailment in the context of China looking to ensure a healthy price for its industrial commodities.

  • SHANGHAI, Aug 7- Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares. "People are quite comfortable with the broader picture right now... they are are betting on the resources sector because of confidence in the macroeconomy, and also the action on reducing capacity," said Alex Wong,...

  • MELBOURNE, Aug 7- Shanghai copper came within a whisker of its highest in four years on Monday after a rally in steel unleashed short-covering across metals, before prices quickly retraced in line with a stronger dollar. *SHFE COPPER: Shanghai Futures Exchange copper surged more than 1 percent to top out at 51,060 yuan, just shy of February's 51,200 yuan high, a...