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China News 06/2012 (Page 11)



China's Shanghai Shenhua confirm Moreno signing
(Reuters) - Colombian attacking midfielder Giovanni Moreno has signed for Shanghai Shenhua, the Chinese Super League club confirmed on Sunday. Moreno, who flew to China on Friday, will join Ivory Coast striker Didier Drogba and former France forward ...

Cyprus's Sylikiotis in China to Explore Ground for Loan
Neoklis Sylikiotis, Cyprus's minister of commerce, industry and tourism, is visiting China to “explore the ground” for receiving a loan from the Asian nation amid speculation it may need a European bailout. The minister, who is also in charge of energy ...

Chinese company ensnared in kickback scandal in Philippines
MANILA — After a tense showdown over a disputed shoal in the South China Sea, America's closest ally in Southeast Asia and a rising China now face a new source of potential friction over the alleged corrupt practices of a well-connected Chinese ...

Malware Gets Snoopy
By Mark Gibbs, NetworkWorld The world of malware has, over the last couple of decades, morphed to become not just a mechanism with which to subvert people's computers and steal money, but also a way for corporations and sovereign states to conduct ...

Hong Kong-LME Deal Spurs Biggest Exchange Drop: Real M&A
Hong Kong Exchanges & Clearing Ltd.'s pursuit of the London Metal Exchange is transforming the Asian bourse into the industry's worst performer. Hong Kong Exchanges' $2.2 billion bid for the LME this month valued the world's largest trading venue for ...

China Medical Services Market Seen Hitting $500 Billion
By Bloomberg News on June 24, 2012 China, where 260 million people suffer from cancer, diabetes and other diseases, is in a hurry to bolster its medical services. Investors are ready to help. The latest is Carlyle Group LP-backed Concord Medical ...

Publicis Hit by Stagnant China Budgets
By Amy Thomson on June 24, 2012 Publicis Groupe SA (PUB) Chief Executive Officer Maurice Levy said advertisers in China, a market that has helped France's biggest marketing company to make up for slower growth in Europe, aren't increasing their budgets ...

China Plant Gives Embraer Asia Jet-Sales Boost: Corporate Brazil
Embraer (EMBR3) SA's bid to sell more business aircraft in Asia is taking off after the Chinese government gave the world's fourth-biggest plane maker approval to manufacture the jets there. The company said in a June 21 statement it signed an ...

REFILE-METALS-London copper rebounds from 6-month low
(Refiles to fix date) SHANGHAI, June 25 (Reuters) - Copper prices rose on Monday after European leaders calmed the markets with promises of reforms to combat the euro zone debt crisis and after leaders of Germany, France, Spain and Italy agreed on a ...

China daily crude steel output rises to 2 million tonnes: CISA
| SHANGHAI (Reuters) - China's steel mills produced an average of 2 million tonnes of crude steel a day over the June 1-10 period, edging back to the record levels reached in early May, as large mills ramped up output, data from the China Iron and ...

China's 2012 growth target at risk, property curbs hurt
By Kevin Yao | BEIJING (Reuters) - China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership ...

CITIC Heavy to raise $503 million in China's biggest IPO this year
| SHANGHAI (Reuters) - CITIC Heavy Industries Co will raise 3.2 billion yuan ($502.7 million) after pricing its Shanghai initial public offering at modest valuations, as the government clamped down on excessive price betting to bolster local investor ...

* Vestas to stop production at Hohhot plant, cut jobs
* Vestas to stop production at Hohhot plant, cut jobs * Sees low demand for small turbines * Analysts say winning back investor confidence will take time * Shares near year low (Adds details, background, quotes, share price) By Mette Fraende COPENHAGEN ...

213 miles up, Chinese astronauts achieve milestone
A trio of Chinese astronauts successfully manually docked their space capsule to a prototype orbiting module on Sunday. By Clara Moskowitz, SPACE.com / June 25, 2012 This still from a CNTV bradcast shows the view from a camera aboard China's Shenzhou 9 ...

'Mr. China' is Silicon Valley's link to Asia
By Laurie Segall @CNNMoneyTech June 25, 2012: 12:16 PM ET NEW YORK (CNNMoney) -- You've never heard of Irish-born entrepreneur Liam Casey, but you're probably carrying a gadget with parts or accessories made by Casey's manufacturing company, ...

The Censor at Hong Kong's Post
Under Editor Wang Xiangwei, a once-revered source of China news started to pull its punches. By HUGO RESTALL Five months ago when Wang Xiangwei was named editor-in-chief of the South China Morning Post, Hong Kong's leading English-language daily, ...

Reports: "China's Jackie O" confesses to murder
(CBS News) There's new information in a Chinese murder mystery involving a high-profile political couple that's triggered an embarrassing crisis inside China's government. Gu Kailai has been called the Jackie Kennedy of China - a glamorous woman who ...

METALS-Copper steady, euro zone debt troubles weigh
* Euro drops to lowest in near 2 weeks vs dollar * Some pick-up in Chinese copper restocking * Aluminium falls to two year low By Silvia Antonioli and Harpreet Bhal LONDON, June 25 (Reuters) - Copper steadied on Monday, with the euro under pressure on ...

China Faces Summer Steel Output Cut on Prices: Chart of the Day
China's steelmakers, the biggest in the world, may cut output in the next two months as prices have dropped at a time when the main raw material became costlier. The CHART OF THE DAY shows the benchmark price of hot- rolled steel coil has dropped 1.2 ...

METALS-Copper gains on US data; EU summit eyed
SHANGHAI, June 26 (Reuters) - London copper rose for a second session on Tuesday, supported by promising US housing data that calmed worries about the state of the world's top economy, although thin volumes suggest caution ahead of the European Union ...

China's Wen signs accords, eyes Argentina's corn
* Chinese premier on official visit to No. 2 corn exporter * Traders say corn exports to China hinge on GMO approvals * Wen also signs series of transport finance agreements * "Corn is a diplomatic (Adds details on other finance accords) By Maximilian ...

China's Stocks Drop for Fifth Day on Growth, Europe Debt Concern
By Bloomberg News on June 25, 2012 China's stocks fell for a fifth day, the longest losing streak in six months, after HSBC Holdings Plc cut its China economic growth forecast and concern grew European leaders will fail to tame the region's debt crisis ...

China Says June Trade Improving in Sign Slowdown Stabilizing
China's commerce ministry said that the nation's trade growth is improving, adding to a rebound in lending in signaling that a slowdown in the world's second- biggest economy may stabilize. China can achieve a 10 percent gain in exports and imports ...

Father in China Abortion Scandal Is Said To Be Missing
By MARK MCDONALD HONG KONG — The Chinese man who published photographs online of his wife and their dead fetus — government officials forced her to submit to an abortion at seven months — has gone missing after being tracked by security officials ...

China Scraps Trial of Local Government Bonds, Studies Risks
China has shelved plans to allow local governments to sell bonds directly following a trial program last November, a week after increasing scrutiny of default risks at regional investment companies. A draft revision to the budget law that would have ...

Asia Distillates-Margins up on regional demand
SINGAPORE, June 26 (Reuters) - Asian middle distillates margins reversed the previous day's losses as demand remained robust from India, Sri Lanka and China, industry sources said on Tuesday. The July gasoil crack gained 38 cents to $16.83 a barrel ...

Family in forced abortion case in China harassed with the father forced into ...
Family in forced abortion case in China harassed with the father forced into ...

Groupon China Venture to Merge With Tencent-Backed FTuan
Groupon Inc. (GRPN), the biggest daily coupon website, is combining its Gaopeng online-commerce venture in China with FTuan, a company backed by local partner Tencent Holdings Ltd. (700) Gaopeng, in which Chicago-based Groupon owns a minority stake, ...

Siemens Predicts 'Rocky Road' to 2012 Goals as Demand Falls
By Brian Wingfield on June 26, 2012 Siemens AG (SIE) Chief Financial Officer Joe Kaeser indicated it will be more difficult to meet financial targets set for 2012 as demand tapers off at some industrial automation units and Chinese growth fails to pick ...

LDK Solar posts steep loss, shares slide
* Q1 loss $1.46 per ADS vs analysts forecast of loss $1.14 * Q1 net sales $200 mln, down 74 pct yr/yr * Sees Q2 rev $220 mln-$270 mln vs analysts estimate $370.4 mln June 26 (Reuters) - China-based solar equipment manufacturer LDK Solar Co Ltd posted a ...


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