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China News 04/2012 (Page 7)



RBS' Chia Sees China Yuan Move as Market Liberalization Step
Chia Woon Khien, a strategist with Royal Bank of Scotland Group Plc. in Singapore, comments on the widening of the yuan's trading band by the People's Bank of China. “The move should be seen as a market liberalization step and not a monetary policy ...

Stiglitz Says Wider Yuan Band May See Chinese Currency Weaken
China's decision to widen the yuan's trading band for the first time since 2007 may end up disappointing the US by helping to weaken the currency, Nobel laureate Joseph Stiglitz said. China today said it will increase the range in which the yuan can ...

Baochuan's Carter Says Yuan Band Move Will Boost Chinese Stocks
Kevin Carter, co-founder and chief executive officer at Baochuan Capital Management LLC, speaks about China's decision to widen the yuan's trading band for the first time since 2007. He spoke by telephone from Walnut Creek, California: “China is ...

Pensions' Gayed Says Yuan Band Move Will Be Cheered by Markets
Michael Gayed, chief investment strategist in New York at Pension Partners LLC, which advises on more than $150 million in assets, including Chinese shares through exchange-traded funds, comments on China widening the yuan's trading band for the first ...

Luxury Stores Pull Out Mandarin Phrase Books to Make the Sale
Over five days in January, a group of visitors to New York was treated to a private concert with the pianist Lang Lang at the Montblanc store, cocktails and a fashion show attended by the designers Oscar de la Renta and Diane Von Furstenberg, ...

China appeals for restraint from US, South Korea following North Korea's ...
China appeals for restraint from US, South Korea following North Korea's ...

Why Do We Put Up With China's Nonsense?
By Travis Hoium, The Motley Fool For decades, the relationship between China and the US has been like a big brother and a little brother. You teach the little guy how to play basketball, how to talk to girls, and the ways of capitalism (I don't have a ...

Paddock Postcard from Shanghai
The weekend started with a definite local flavour courtesy of HRT, who presented their new Chinese test driver to the media. Shanghai-born Ma Qing Hua tested his mettle in Formula Campus, Formula Renault and Formula Three before being signed up by the ...

Tense naval standoff continues between China, Philippines at disputed shoal
MANILA, Philippines — A dangerous naval standoff between China and the Philippines at a disputed South China Sea shoal has eased, but tension flared anew after China deployed a second ship and an aircraft that briefly hovered over the area, ...

Seattle Chinese Orchestra helps East meet West in April 20 concert
The Seattle Chinese Orchestra, founded and directed by Warren Chang, makes an appearance in Town Hall Seattle's Global Rhythms series on April 20. By Michael Upchurch 8 pm Friday, Town Hall, 1119 Eighth Ave., Seattle; $10-$15 (800-838-3006 or ...

BAY STREET-With TSX shaky, fund managers play defense
* Fund managers favor non-cyclical sectors, stocks * Global growth, China, Europe fears weigh * Some see rotation to cyclical stocks in second half 2012 By Jennifer Kwan TORONTO, April 15 (Reuters) - With China's massive economy slowing and fresh signs ...

Yuan's Wider Range Will Test Fair-Value Arguments
By LINGLING WEI BEIJING—China made one of its strongest moves yet to show that it believes the yuan is ready to become a global currency, with a loosening of trading limits that amounts to a test of Beijing's assertion that the currency is close to ...

OCBC's New CEO Aims to Boost China, Indonesia Revenue
Oversea-Chinese Banking Corp. (OCBC)'s Samuel Tsien, who became chief executive officer of Southeast Asia's second-largest lender yesterday, aims to boost the company's revenue from China and Indonesia. “We can create a better presence there, ...

China Must Combat Corruption, Premier Wen Writes After Bo Purge
By Bloomberg News on April 15, 2012 Chinese Premier Wen Jiabao pledged “stronger” measures to combat corruption and to make the government more accountable, in an article published today in a Communist Party magazine a week after a member of the ruling ...

'Battleship' solid in foreign debut but 3-D 'Titanic' breaks records
The sci-fi action flick "Battleship" got off to a solid start overseas this weekend, grossing $58 million from 26 foreign countries. That sounds good — until you compare it with the receipts for "Titanic 3-D," which simultaneously collected that much ...

Malaysia-Market factors to watch April 16
Following is a list of events in Malaysia as well as news stories and press reports which may influence financial markets. Reuters News welcomes your feedback and for any queries, please contact the Kuala Lumpur newsroom at +603 2333 8046 or via email ...

Goldman Sachs Said to Raise $2.5 Billion in ICBC Sale
Temasek Holdings Pte (TMSK) is buying part of Goldman Sachs Group Inc. (GS)'s stake in Industrial & Commercial Bank of China Ltd. as the Singapore state-owned investment group adds to holdings in China's biggest lenders. Temasek is buying 3.55 billion ...

METALS-Shanghai copper at three-month low, China data dampens
* Shanghai copper slips over 2 pct to 3-mth low * March power output up 7.2 pct, slowest rise in a non-holiday month for a year * Investors eye China's below-forecast 8.1 pct Q1 GDP growth - analyst * China doubles size of yuan trading band vs dlr ...

Indonesia - Market Factors to watch - April 16
JAKARTA, April 16 (Reuters) - Following is a list of events in Indonesia as well as business highlights from newspapers and factors that may influence financial markets. PRESS DIGEST - BUKIT ASAM SEES NET PROFIT UP 30 PCT Y/Y Coal miner PT Tambang ...

Gazprom Neft Leads Slide as China Sinks Crude: Russia Overnight
By Ksenia Galouchko and Halia Pavliva on April 15, 2012 OAO Gazprom Neft (GZPFY) (GZPFY) slumped the most in three weeks and OAO GMK Norilsk Nickel slid on concern slowing growth in China will restrain demand for commodities. Gazprom Neft, the oil arm ...

Ex-Wall Street bankers bring science to China's rocky stock market
By Samuel Shen and Kazunori Takada | SHANGHAI (Reuters) - Ex-Wall Street bankers are betting science can exploit opportunities in China's often rumor-driven stock market, with some predicting the quant-driven fund industry to grow by as much as 10-fold ...

Apple, Chinese environmental group to audit factory for pollution issues
By Michael Kan IDG News Service - Apple and a Chinese environmental group for the first time plan to jointly audit one of the company's supplier factories in China, in what could lead to more open inspections of Apple's suppliers for pollution concerns ...

METALS-Copper above $8000 on US data; euro zone, China weigh
* Spanish bond yields above 6 pct affect wider markets * US retail sales beat expectations in March By Veronica Brown and Harpreet Bhal LONDON, April 16 (Reuters) - Copper prices crept back above $8000 on Monday after better-than-expected US retail ...

London Book Fair's focus on China worries some free-speech activists
LONDON — Britain's biggest book fair opened Monday amid criticism of its decision to extend a special invitation to China, a country that regularly censors and imprisons authors. A lone protester demonstrated outside the “China Market Focus” section ...

Temasek Buys $2.3 Billion of ICBC Shares From Goldman
HONG KONG — Temasek Holdings, the sovereign wealth fund backed by the government of Singapore, said Monday it was buying $2.3 billion worth of Industrial and Commercial Bank of China's Hong Kong-listed shares from Goldman Sachs, increasing its bet on ...

China Halts Sale of Drugs Over Capsules
By LAURIE BURKITT BEIJING—China's drug regulator suspended the sale of 13 drugs using capsules allegedly made with excessive chromium levels, highlighting China's continued battle with food and drug safety as well as what analysts say are mounting ...

US Calls for Release of Chinese Activist
By JOSH CHIN BEIJING—The US ambassador to China called on Beijing to release a prominent property activist sentenced last week to more than two years in prison, a rare move by an envoy who has criticized China's human-rights record but has seldom ...

Toxins found in traditional Chinese medicine
A host of potential toxins, allergens and traces of endangered animals showed up in DNA sequencing tests on 15 Chinese traditional medicines, researchers said. A host of potential toxins, allergens and traces of endangered animals showed up in DNA ...

For US Brands, There's No Middle in China's Middle Class
By Shaun Rein on April 16, 2012 In China, a trip to Starbucks (SBUX) isn't just about grabbing a tall latte in a cardboard cup. Most American products are priced higher in China than in the US, which gives the Seattle company's shops a patina of luxury ...

Tokyo Chief Plots to Buy Disputed Islands
By YUKA HAYASHI TOKYO—Tokyo's conservative governor said Monday that the metropolitan government has decided to purchase a group of islands in the East China Sea at the center of a bitter bilateral territorial dispute between the two regional powers, ...


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