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China News 03/2012 (Page 9)



Report on Ousted China Official Shows Effort at Damage Control
BEIJING — Communist Party leaders sacked Bo Xilai, the powerful party chief of metropolitan Chongqing, after being told that he had schemed to remove his police chief and impede a corruption investigation involving his family, according to a ...

Jeremy Lin Hired To Endorse Volvo
By NORIHIKO SHIROUZU The US arm of Swedish car brand Volvo reached an endorsement agreement with New York Knicks basketball star Jeremy Lin that will cover several international markets but focus on the US and China. Jeremy Lin drives past Pacers guard ...

Google Says Motorola Buyout Boosts Choice as China Extends Probe
By Bloomberg News on March 19, 2012 Google Inc. (GOOG) said its proposed $12.5 billion purchase of Motorola Mobility Holdings Inc. (MMI) would improve consumer choice after Chinese regulators extended their probe of the deal, the last hurdle before the ...

Nickel-Ore, Bauxite Exports From Indonesia to Drop on Ban
By Yoga Rusmana on March 19, 2012 Nickel-ore and bauxite shipments from Indonesia (WBMKOPID), the top supplier to China, may plunge 75 percent this year as a ban on metal-ore sales comes into force in May, two years earlier than scheduled, ...

Asian Stocks Fall After China Raises Fuel Prices; Oil Retreats
Asian shares dropped after China increased gasoline and diesel prices for the second time in less than six weeks. Gold fell and oil snapped two days of gains in New York amid speculation supplies are rising. The MSCI Asia Pacific Excluding Japan Index ...

PBOC Zhou: Conditions Ripe For Interest Rate Liberalization
-- PBOC Gov. Zhou Xiaochuan says conditions are ripe for interest rate liberalization given the strong state of Chinese banks By Aaron Back and Tom Orlik BEIJING (Dow Jones)--The conditions are "basically ripe" for pushing forward with interest rate ...

Asian shares fall, led by China; euro steady
By Alex Richardson | SINGAPORE (Reuters) - Asian shares slipped on Tuesday, dragged down by losses in Hong Kong and Shanghai, while the euro held near its highest level in a week after an orderly auction of Greek default insurance eased fears about the ...

World focus shifting from value of China yuan: OECD
By Nick Edwards | BEIJING (Reuters) - Critics of China's foreign exchange regime have shifted their focus from the value of the yuan to the mechanism in which its day-to-day level is set, the head of the OECD said on Tuesday, a fresh sign that currency ...

Eli Lilly to Focus on Cancer, Diabetes in China, CEO Says
Eli Lilly & Co. (LLY) will introduce more than a dozen products in China, including drugs for diabetes and cancer, in the next five years to help maintain sales growth, Chief Executive Officer John Lechleiter said. “Our goal is to be the fastest ...

China's Huawei eyes bigger share of server market with new Tecal V2 products
By Michael Kan IDG News Service - China's Huawei Technologies, best known as a telecommunication equipment supplier, is making a greater push into the server market as the company faces the challenge of boosting its brand awareness among enterprise ...

Euro Coal-Prices stable, China growth worries weigh
* Q2/Q3 CIF ARA price seen at $110/T - SocGen * Market waits for Japan settlements, China buying LONDON, March 20 (Reuters) - Prices of prompt physical coal were largely unchanged again on Tuesday with coal lacking clear direction from fundamentals but ...

Stocks open lower as China's outlook is shaken
By Pamela Sampson, AP NEW YORK – US stocks followed world markets lower Tuesday after worrisome economic data out of China, whose blistering economy helped sustain global growth during the economic downturn. By Richard Drew, AP Trader Gregory Rowe ...

US stocks fall on worrisome signs from China
By DANIEL WAGNER US stocks followed world markets lower Tuesday after worrisome economic data out of China, whose blistering economy helped sustain global growth during the economic downturn. Asian stocks fell sharply after a report that home prices ...

U.S. Stocks Decline as Commodities Retreat on Chinese Concern
March 20 (Bloomberg) -- US stocks declined, snapping a three-day advance for the Standard & Poor's 500 Index, as commodities fell on concern about a Chinese economic slowdown. Industrial and commodity shares slumped as China raised fuel prices by the ...

A Measured Rebuttal to China Over Solar Panels
The Commerce Department said on Tuesday that it would impose tariffs on solar panels imported from China after concluding that the Chinese government provided illegal export subsidies to manufacturers there. The tariffs were smaller, at 2.9 to 4.73 ...

CANADA FX DEBT-C$ slips to near 2-week low on China fears
* C$ ends at C$0.9918 vs US$, or $1.0083 * China, commodity fears weigh * Bonds yields back away from 2012 highs By Claire Sibonney TORONTO, March 20 (Reuters) - The Canadian dollar sank to a near two-week low against its US counterpart on Tuesday as ...

Record China Bank Profits to Be Overshadowed by Bad Loans
China's biggest banks, set to post record profits for a fifth year, may report 2011 results marred by an increase in bad loans as an economic slowdown and faltering property market trigger defaults by borrowers. Industrial & Commercial Bank of China ...

China's Stocks Rise on Pension Buying Speculation; Chalco Jumps
By Bloomberg News on March 20, 2012 China's stocks rose for the second time this week on speculation the government is taking measures to bolster the world's worst-performing equities market in the past two years. The national pension fund may invest ...

Nikkei eases from 8-1/2 mth high, exporters fall
* Nikkei slips after five-day winning streak * Seen as much needed adjustment after 20 pct gain this yr * Exporters and China-related shares tumble * Nippon Metal jumps 4 pct on merger ratio with Nisshin Steel * Softer yen, US data provides support By ...

Asian stock markets lower as concerns that China's growth may be slackening ...
Asian stock markets lower as concerns that China's growth may be slackening ...

Protests loom as Hong Kong braces for new leader
By James Pomfret | HONG KONG (Reuters) - Thousands of protestors could take to the streets of Hong Kong on Sunday to demonstrate against the scandal-ridden selection of the city's next chief executive, angry they had no say in the vote and at Beijing's ...

Sinopec Targets 31% of China's 2015 Shale Gas Output, Daily Says
By Guo Aibing on March 20, 2012 China Petrochemical Corp. (SINZ) will increase spending on shale-gas exploration and aims to account for almost a third of the country's 2015 target for extracting the fuel from sedimentary rock, the China Daily reported ...

China end-Feb commercial crude stocks down 3.8 pct m/m -Xinhua
* Commercial crude stocks down 3.8 pct, 4th fall in 5 months * Data suggest oil may have flowed into state strategic tanks * Feb fuel inventories rise for fourth month in a row (Adds details, background) By Jim Bai and Chen Aizhu BEIJING, ...

Market mood turns sour on China fears
By PAN PYLAS Stocks around the world were on Tuesday having one of their worst days this month as investors booked some profits following the recent strong run and amid concerns over China's economic growth and the impact of high oil prices on ...

Analysis: Turning point in the currency war
By Mike Dolan | LONDON (Reuters) - A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging ...

Lunar Cap buys control stake in China foods firm for $50 mln
By Stephen Aldred | HONG KONG, March 21 (Reuters) - China-focused private equity fund Lunar Capital has agreed to pay up to $50 million for a majority stake in privately held food company Sichuan Zhiqiang Food Co Ltd, according to a source with ...

Jaguar Land Rover seals JV with China's Chery
| MUMBAI (Reuters) - Jaguar Land Rover (JLR) has finalized a joint venture agreement with Chery Automobile Co to manufacture and sell vehicles in China, the two companies said, as the luxury British brands look for further growth in the world's largest ...

Caterpillar to expand excavator capacity in China
* To boost hydraulic excavator production by 80 pct * To begin output of wheeled excavators in China in 2014 * Wheeled excavator output in France to continue March 21 (Reuters) - Caterpillar Inc, the world's biggest heavy machinery maker, ...

Microsoft Unveils Localized Windows Phone 7.5 for China
By Michael Kan, IDG News Microsoft unveiled its localized Windows Phone 7.5 operating system for China on Wednesday, as the company's partners prepare to bring the mobile OS to the country for the first time. Microsoft displayed handsets from Nokia and ...

China's Criminal Procedure Law: Good, Bad and Ugly
By Stanley Lubman The revised Criminal Procedure Law (CPL) enacted this month by China's National People's Congress (NPC) is being hailed by the local media as a significant step forward, which it may well be if its provisions are implemented in ...


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