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China News 06/2012 (Page 12)



China in Talks With US Home Builder
By DINNY MCMAHON and ROBBIE WHELAN Lennar Corp., one of the US's largest home builders, is in talks with the China Development Bank for approximately $1.7 billion in capital to jump-start two long-delayed San Francisco projects that would transform two ...

METALS-Copper steady, Europe subdues sentiment
* China restocks copper on favourable price arbitrage * China's Henan mulls power subsidy to aluminium smelters * US consumer confidence falls in June By Susan Thomas LONDON, June 26 (Reuters) - Copper edged up on Tuesday, consolidating after hitting ...

Romney would get tough on China: Portman
By Doug Palmer | WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney would move aggressively to open up more foreign markets for US exports, while getting tougher with China on its trade and currency practices, Senator Rob Portman said ...

Diane von Furstenberg on China
By Deborah Kan When a newly married Diane von Furstenberg arrived in New York in 1969, she brought a suitcase full of wrap dresses. Fast-forward 43 years. Ms. von Furstenberg's clothing, accessories, fragrances and home products are sold around the ...

Chinese couple forced to get abortion report harassment
BEIJING – A couple forced into an abortion for not paying the fine for an extra child say they are being tormented by Chinese authorities despite the punishment of seven officials connected to the case. "Over 10 people here watch us 24 hours a day," ...

Samsung Asset May Start Asia Debt Fund Amid Europe's Woes
Samsung Asset Management Co. is considering setting up its first Asian bond fund to tap investor demand for assets that can best withstand Europe's debt crisis. A fund may be started within a year and securities in China, Malaysia and Thailand are of ...

Chinese Banks Told to Discount Rates
By ESTHER FUNG SHANGHAI—The government of China's central province of Henan has told banks to offer steep mortgage discounts to buyers of a first home in a move to boost the sagging property market. The move is a fresh sign that local governments ...

Chow Tai Fook Profit Surges 79% on China Jewelry Demand
By Vinicy Chan on June 26, 2012 Chow Tai Fook Jewellery Group Ltd. (1929), a Hong Kong-based chain with more revenue than Tiffany & Co. (TIF) (TIF), said profit jumped 79 percent last fiscal year as it expanded and benefited from higher luxury spending ...

In Mongolia, a New, Penned-In Wealth
TAVAN TOLGOI, Mongolia — “All you need to mine here is a shovel,” said an awe-struck Indian investment manager as he stood behind a barrier, along with dozens of international mining industry executives and other eager investors, gazing at the immense ...

China's Repo Rate Declines on Speculation Policies to Be Eased
China's money-market rate declined on speculation the central bank will loosen monetary policy to ease a quarter-end cash shortage. The People's Bank of China sold 95 billion yuan ($15 billion) of 14-day reverse-repurchase agreements yesterday at a ...

Caterpillar on Top After Bet at Bottom: Riskless Return
Caterpillar Inc. (CAT), the largest maker of construction and mining equipment, has provided the best risk-adjusted return among its peers since financial markets hit bottom in 2009 as it made acquisitions and expanded in emerging markets such as China ...

Stocks Rise on US Data, China Bets; Natural Gas Rallies
Stocks (MXAP) rose, halting a four-day slump in Europe and Asia, as growth in US home sales and durable-goods orders topped forecasts and speculation grew that China will add to economic stimulus. Natural gas and oil gained. The Standard & Poor's 500 ...

West worried by China-Pakistan atomic ties: sources
By Fredrik Dahl | VIENNA (Reuters) - Western states pressured China at closed-door talks last week to address concerns about its plans to expand a nuclear power plant in Pakistan and provide more information, but were rebuffed, two diplomatic sources ...

EU, US, Japan seek further WTO steps over China rare earths
By Sebastian Moffett | BRUSSELS (Reuters) - The European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on ...

Shenzhen's 'mini-Hong Kong' to test China's financial ambitions
By Alison Leung and James Pomfret | SHENZHEN/HONG KONG, June 27 (Reuters) - China's southern boomtown of Shenzhen, a pioneer of economic reforms but long in the shadow of Hong Kong, is plotting another bold ploy: a $45 billion 'mini-Hong Kong' to ...

Chinese Couple in Forced-Abortion Case Under Pressure
By JOSH CHIN BEIJING—A woman finding herself at the center of a firestorm over China's one-child policy after local officials forced the abortion of her seven-month-old fetus said she was being kept in the hospital against her will and that her ...

METALS-Copper up on US data, wary ahead of EU summit
* Copper up after rebound in US durable goods orders * Markets cautious ahead of EU summit this week * Aluminium comes off lowest in 2 yrs * Zinc touches lowest since late October By Harpreet Bhal and Eric Onstad LONDON, June 27 (Reuters) - Copper ...

PICC to Delay Its IPO
By PRUDENCE HO HONG KONG—People's Insurance Co. (Group) of China Ltd. will postpone its US$4 billion Hong Kong initial public offering that was planned for July, according to people familiar with the situation. The Chinese insurer instead could launch ...

Three Myths About Chinese Consumers
By Shaun Rein on June 27, 2012 China's retail sales growth slowed to 13.8 percent in May, down from the 16 percent to 18 percent annual growth analysts have grown accustomed to. Many analysts are panicking, saying the data indicate the end of the ...

US Stocks Advance Amid China Bets, Economic Reports
US stocks rose, sending the Standard & Poor's 500 Index higher for a second day, amid better-than-estimated housing and durable goods orders data while speculation grew that China will add to economic stimulus. Energy and financial shares rose the most ...

The Times Is Introducing a Chinese-Language News Site
By CHRISTINE HAUGHNEY 9:48 pm | Updated The New York Times is introducing a Chinese-language Web site, part of a continuing effort to expand its reach to international readers. The site, which is called cn.nytimes.com and went live Thursday morning ...

China's Stocks Decline for Seventh Day on Earnings Concerns
By Bloomberg News on June 27, 2012 China's stocks fell, dragging down the benchmark index for a seventh day, on concern the nation's economic slowdown is curbing earnings growth. Gansu Qilianshan Cement Group Co. declined 2 percent after it said ...

RPT-Shenzhen's 'mini-Hong Kong' to test China's financial ambitions
By Alison Leung and James Pomfret SHENZHEN/HONG KONG, June 27 (Reuters) - China's southern boomtown of Shenzhen, a pioneer of economic reforms but long in the shadow of Hong Kong, is plotting another bold ploy: a $45 billion 'mini-Hong Kong' to return ...

China dairy recalls hundreds of cartons of tainted milk
| BEIJING (Reuters) - A Chinese dairy company has recalled hundreds of cartons of milk after a mechanical error tainted the batch with alkaline water, the latest blow to China's scandal-plagued dairy industry. The recall comes just weeks after China's ...

Big China borrowers switching from banks to bonds, loans flow to SMEs
By Gabriel Wildau | SHANGHAI, June 28 (Reuters) - Lured by lower interest rates, large Chinese companies are increasingly turning away from bank loans to tap the bond market, forcing banks to shift their attention to riskier, credit-starved small ...

Obama Can Only Say Factory Jobs Return Still Being Offset
By David J. Lynch on June 28, 2012 “For a lot of businesses,” the president said at a May 8 event in Albany, New York, “it's now starting to make sense to bring jobs back home.” For many other businesses, however, it still makes sense to ship them ...

BJEG raises stake again in Sinopec-ENN target China Gas
* China Gas set to release annual earnings later on Thursday * China Gas shares have traded above HK$3.50 offer price * Sinopec-ENN consortium has set July 6 long stop date HONG KONG, June 28 (Reuters) - State-owned Beijing Enterprises Group (BJEG) ...

Users in China Experience Difficulties Accessing Bloomberg News
By PAUL MOZUR And ESTHER FUNG BEIJING—China-based Internet and mobile users said they experienced difficulty accessing Bloomberg News through its website and mobile applications Wednesday night and much of Thursday. Belina Tan, a spokeswoman for the ...

Rights group says Apple suppliers in China breaking labor laws
By Lee Chyen Yee | HONG KONG (Reuters) - Apple Inc's suppliers in China have violated local labor laws when they imposed excessive overtime and skimped on insurance, a New York-based labor rights group said. Apple and its suppliers such as Taiwanese ...

Clinton: China, others making progress on reducing Iran oil imports as ...
Clinton: China, others making progress on reducing Iran oil imports as ...


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