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China News 02/2012 (Page 13)



China Money Rate Reaches Three-Week Low After Reserve-Ratio Cut
By Bloomberg News Feb. 28 (Bloomberg) -- China's money-market rate touched a three-week low on speculation the supply of cash is increasing since the reduction in banks' reserve ratios took effect. The seven-day repurchase rate, which measures ...

Appliance Makers Surge on Policy Expectations: Shanghai Mover
By Bloomberg News Feb. 27 (Bloomberg) -- Hisense Electric Co. and Sichuan Changhong Electric Co. rose by the daily limit in Shanghai, leading gains by Chinese home appliance makers on speculation measures may be rolled out to bolster buying of ...

Telefonica Vows to Keep China Stake 'Forever'
Enlarge image Telefonica's Alierta Vows to Keep China Stake 'Forever' Telefonica's Alierta Vows to Keep China Stake 'Forever' Adam Dean/Bloomberg A cyclist passes a China Unicom phone booth in Beijing. Enlarge image Telefonica Vows to Keep China Stake ...

Sina Warns Identity Proof May Hurt
By LORETTA CHAO BEIJING—Sina Corp. warned that a looming government requirement to verify the identities of its microblogging-service users may hurt the robust activity that has made the company one of the most talked-about social networking services ...

China riots leave 12 people dead
At least 12 people have been killed in riots near the Chinese city of Kashgar in the restive north-western region of Xinjiang, state media reported. No details were given about what might have set off the violence, although Xinjiang sees periodic ...

IBM Opens China's First Factory To Refurbish Old Computers, Tapping A $2 ...
IBM Opens China's First Factory To Refurbish Old Computers, Tapping A $2 ...

Hong Kong shares seen higher, poised for third monthly gain
HONG KONG, Feb 29 (Reuters) - Hong Kong shares are poised to start higher on Wednesday, tracking Wall Street gains after favourable US data, with the Hang Seng Index poised for its third-straight monthly rise. Hong Kong Exchanges and Clearing Ltd ...

Will Wang Shu's Pritzker Win Prove Pivotal for China?
By Lara Day and Josh Chin China has no shortage of modern architectural icons, from the Guangzhou Opera House to Beijing's National Stadium. But most of them have been spearheaded by foreign “starchitects” enabled by government funding—take Iraq's ...

China Yuan Gains for Second Day as PBOC Raises Fixing to Record
By Fion Li Feb. 29 (Bloomberg) -- The yuan advanced for a second day as the People's Bank of China set the currency's reference rate at the strongest level on record. The central bank raised the daily fixing by 0.07 percent to 6.2919 per dollar, ...

China's "affordable housing" numbers don't quite add up
By Lucy Hornby and Langi Chiang | SHIJIAZHUANG, China (Reuters) - What do a luxury Chinese apartment tower, a workers' dormitory, a low-income housing block and an empty field have in common? They all qualify as affordable housing projects under a ...

METALS-Copper retreats from 2-week high, ECB eyed
* LME copper heads for 2nd monthly gain, up 13 pct Jan-Feb * ECB to inject more liquidity into financial system * Coming Up: US GDP, 1330 GMT (Adds comments, details, updates prices) By Manolo Serapio Jr SINGAPORE, Feb 29 (Reuters) - London copper ...

China's Stocks Snap Eight-Day Rally on Housing Policy Reversal
By Bloomberg News Feb. 29 (Bloomberg) -- China's stocks fell, dragging the benchmark index lower for the first time in nine days, on concern the government will retain measures to curb gains in housing prices this year. China Vanke Co. led a gauge of ...

House Bill Would Preserve Tariffs to Offset China Subsidies
The US Commerce Department would be allowed to apply duties to offset government subsidies in nations such as China (TBBLCHNA) and Vietnam under bipartisan House legislation to be introduced today, congressional aides said. The measure marks a response ...

SJM 2011 Profit Rises 49% Aided by Chinese Tourists in Macau
SJM Holdings Ltd. (880), Asia's biggest casino company, said it's in advanced talks with the Macau government to build a new casino after 2011 profit rose 49 percent. Net income climbed to HK$5.31 billion ($685 million), as tourists from mainland China ...

3i Group Forms Board to Boost Presence in China
By LINGLING WEI BEIJING—UK-based private-equity firm 3i Group PLC has formed an advisory board in China as it seeks to strengthen its presence in the world's second-largest economy, a partner at the firm said. 3i, of London, was one of the first ...

BYD Net Profit Falls 44%
BEIJING— BYD Co. continues to suffer from intensifying competition in China and in the solar industry, as the Chinese car and battery maker backed by investor Warren Buffett said it will report a 44% annual profit drop on discounts and cost-cutting ...

Taiwanese air force officer detained on suspicion of passing military secrets ...
Taiwanese air force officer detained on suspicion of passing military secrets ...

COLUMN-China's stance on Iran is crucial: John Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) By John Kemp LONDON Feb 29 (Reuters) - China is destined to play a decisive role in the effectiveness of sanctions against Iran, and the possibility of eventual military ...

End of the golden era?
After relatively calm four decades, India and China are squabbling again over the long-disputed border in northeastern Indian state of Arunachal Pradesh. A Buddhist woman walks past a welcome gate erected in honor of the visit of Tibetan spiritual ...

METALS-Copper climbs to two-week high after ECB injection
* ECB allotted 529.531 bln euros in LTRO * Copper up 14 pct in year to date * US 4th quarter economic growth revised up By Harpreet Bhal LONDON, Feb 29 (Reuters) - Copper prices rose to a more than two-week high on Wednesday after banks snapped up more ...

For Chinese Women, a Basic Need, and Few Places to Attend to It
BEIJING — Wang Jianyi, 26, was in a huge hurry. She had been riding the bus for three hours. At each rest stop, the line outside the women's toilet was too long for her to use the restroom. So as soon as she arrived at a major inter-city bus terminal ...

Wall Street Talent War Seen as Cantor Fitzgerald Bankers Defect to China
On May 26 last year, amid the gold lighting and $60 entrees at a restaurant in Hong Kong's Central entertainment district, Jason Boyer confided to a friend that he was leaving Wall Street. Instead of moving to a traditional rival, the head of Cantor ...

Death Toll in Clash in China's Far West at 20
Officials have raised the death toll from a clash in China's heavily Muslim far west to 20, with police having shot a higher number of assailants from the Uighur ethnic group than previously reported. The Xinjiang province's state-run website says nine ...

China's big factories rebound as smaller firms lag
* Feb official PMI at 51.0 vs 50.5 in Jan * New orders, including export orders, accelerate * HSBC PMI picks up but stays in contractionary mode * Divergence between survey readings of big versus smaller firms By Kevin Yao and Aileen Wang BEIJING, ...

China To Improve Stock Offer Procedures, Pricing A Focus - Securities Regulator
-- Regulator to continue drive to create "multi-layered capital market," CSRC chief Guo Shuqing says. -- Fight against insider trading to continue, regulator says. (Recasts the first and second paragraphs, adds comments from second interview with stock ...


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