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China News 06/2012 (Page 2)



Indonesia - Market Factors to watch - June 4
JAKARTA, June 4 (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 (Reuters has not confirmed these stories) - BP MIGAS SEES 2013 OIL ...

METALS-Shanghai copper plunges to lowest this year on US jobs data
* US employers added 69000 jobs in May; 49000 less than expected * Spain delays funding mechanism for indebted regions * Germany softens euro zone austerity stance * US Factory orders for Apr due at 1400 GMT (Updates prices, adds quotes, ...

Buffett-backed BYD dealers put brakes on advance subsidies-report
| HONG KONG, June 4 (Reuters) - Two of the biggest dealers for the Warren Buffett-backed Chinese automaker BYD have stopped paying an advance subsidy of 120000 yuan ($18850) to buyers of its electric cars, a newspaper said, putting further pressure on ...

China May Relax Property Curbs to Aid Growth, Deutsche Bank Says
China may relax its property curbs to encourage end users to buy homes as the government seeks to support economic growth, according to Deutsche Bank AG. More “fine-tuning” by local governments of real-estate tightening measures is expected because of ...

Planned stealth destroyer could underpin US Navy's China strategy
SINGAPORE – A super-stealthy warship that could underpin the US navy's China strategy will be able to sneak up on coastlines virtually undetected and pound targets with electromagnetic "railguns" right out of a sci-fi movie. But at more than $3 billion ...

Europe Stocks Pare Drop, S&P 500 Futures Rise
By Claudia Carpenter and Mariko Ishikawa on June 04, 2012 European stocks pared their decline, US equity index futures advanced and commodities dropped to an 18-month low, while Japanese and Chinese equity gauges tumbled into bear markets after data ...

Made in China: an Austrian village
By Venus Wu | HUIZHOU, China, June 4 (Reuters) - A $940 million Chinese clone of one of Austria's most picturesque villages, the UNESCO World Heritage-listed Hallstatt, recently opened its doors to visitors in the southern Chinese province of Guangdong ...

Abhay's skin show in 'Shanghai'
New Delhi, June 4 — Abhay Deol has dared to bare his torso in Dibakar Banerjee's "Shanghai" a la Ranbir Kapoor's in "Saawariya". If the latter wore a towel, Abhay will be seen in a lungi for a scene. The actor plays a Tamil IAS officer in the ...

Deloitte Committed to China
By DINNY MCMAHON SHANGHAI—Deloitte Touche Tohmatsu Chief Executive Barry Salzberg pledged to spend about $160 million in China to expand in what he sees as a promising market, even as he continued to defend the firm against a US effort to obtain ...

China's Invented History
By PHILIP BOWRING The conflict between the Philippines and China over the Scarborough Shoal may seem to be a minor dispute over an uninhabitable rock and the surrounding waters. But it is hugely important for future relations in the region because it ...

Analysis: Chinese drivers pose fresh risks for foreign insurers
By Clare Baldwin and Alison Leung | HONG KONG (Reuters) - "People like us who buy Ferraris don't care too much about insurance because we buy cars for speeding," said Li, in his twenties and the son of a Pearl River Delta factory owner, ...

Russia turns east to embrace looming China
* Putin to make first trip to China since return to presidency * Russia turning attention eastward * Moscow boosting presence in sparsely populated Far East By Thomas Grove MOSCOW, June 5 (Reuters) - When Russia opens a "billion-dollar bridge" on its ...

China Wall Hit by Global Banks With 2% Market Share
Walt Disney Co. (DIS) had little trouble raising money for its $4.4 billion Shanghai theme park after winning approval in 2009, as a dozen Chinese banks offered $2 billion of loans and promised more. Foreign lenders, limited in how much funding they ...

India Morning Call-Global markets
-----------------(8:20 am India Time)----------------------- Stock Markets S&P/ASX 200 4017.00 +20.0 NZSX 50 3416.94 -35.05 DJIA 12101.46 -17.11 Nikkei 8345.56 +49.93 NASDAQ 2760.01 +12.53 FTSE 5260.19 -60.67 S&P 500 1278.18 +0.14 Hang Seng 18372.58 ...

Pros Race Into Slowing China
By RESHMA KAPADIA There has been no shortage of red flags: sluggish demand for exports, frothy real-estate prices and economic forecasts of a so-called hard landing. So why are some investors making the surprising -- and seemingly risky -- move of ...

China: An unlikely home for democracy?
Editor's note: Ravi Agrawal is the Senior Producer of "Fareed Zakaria GPS." You can follow him on Twitter @RaviAgrawalCNN and check out past posts. By Ravi Agrawal, CNN Just as some despair that democracy's sun is setting in the West, ...

Joint Venture Boosts GM Sales in China
By Andrew Galbraith SHANGHAI—General Motors Co. posted strong sales growth in China in May as demand for microvans produced by a local joint venture boosted overall sales. The company's robust performance in May comes alongside healthy sales growth by ...

Baidu boss: China helps women succeed at work
Baidu's Jennifer Li offers some tough love: "We as women, we need to start and act; not thinking about the issues -- because I feel gender in the work environment should not be a factor when it comes to how far you can go." Baidu's Jennifer Li offers ...

China tells US to stop tweets on Beijing's bad air
BEIJING (AP) – China told foreign embassies Tuesday to stop publishing their own reports on air quality in the country, escalating its objections to a popular US Embassy Twitter feed that tracks pollution in smoggy Beijing. By Andy Wong, AP A man rides ...

China Seeks to Restore Stock Investors' Vanished Trust
Carrie Pan, a 29-year-old Shanghai accountant who's lost almost half the value of her portfolio since she began investing in Chinese stocks, is confident again. She purchased 1000 shares of Yang Quan Coal Industry Group Co. in April to add to her ...

As China's economy slows, its leaders face an impasse on which levers to pull
BEIJING — A slew of recent statistics confirm that China's growth is slowing at a faster pace than expected, forcing anxious policymakers to debate which levers to pull to revive the economic juggernaut and preserve the ruling Communist Party's last ...

Tsingtao, Suntory team up in Shanghai beer market
| HONG KONG, June 6 (Reuters) - Tsingtao Brewery Co Ltd and Japanese beverage firm Suntory Holdings Ltd are joining hands to produce and distribute beer in Shanghai and neighbouring Jiangsu province, in a bid to boost their competitiveness in the ...

REFILE-China's Housing Ministry reaffirms property cooling policy
By Pete Sweeney SHANGHAI, June 6 (Reuters) - China's main real estate regulator reaffirmed its commitment to maintaining current restrictions on property sales on Wednesday, the official Xinhua news service reported, as Beijing continues to resist ...

China's Stocks Rise for 2nd Day Amid Interest-Rate Cut Outlook
By Bloomberg News on June 05, 2012 China's stocks rose for a second day amid speculation the central bank will cut interest rates this month to spur economic growth. Sinohydro Group Ltd., the nation's biggest builder of dams, advanced for the first ...

METALS-Copper edges up, ECB meeting eyed
SHANGHAI, June 6 (Reuters) - London copper rose on Wednesday, its first trading day this week, benefitting from a weaker dollar as investors looked to the European Central Bank for a possible solution to the euro zone debt crisis which has hurt raw ...

Shanghai notes
By David Light Wednesday, June 6th 2012, 12:57 AM June 06--Dibakar Banerjee?s intriguing political thriller Shanghai looks set to take the top spot in cinemas this weekend. We catch up with stars Abhay Deol and Emraan Hashmi to find out more In the ...

China steps up efforts to keep officials from leaving country
China prosecutors say that 18487 officials have been caught since 2000 while allegedly trying to flee overseas with ill-gotten gains, according to one report. Zhang Shuguang, a Chinese Railway Ministry official, bought this $840000 house in the city of ...

KazMunaiGaz Borrows $1.13 Billion From China to Upgrade Refinery
KazMunaiGaz National Co., Kazakhstan's state-owned oil producer, agreed to borrow $1.13 billion from the Export-Import Bank of China to upgrade its Atyrau oil refinery. KazMunaiGaz signed an agreement in Beijing today for a loan that will have a ...

LNG Tankers Dodge Price Slump on China-Yard Shutout: Freight
Liquefied natural gas tankers, the most expensive type of vessel, have avoided a slump in new ship prices because of rising Asian gas demand and limited competition from Chinese shipbuilders. Prices for tankers able to hold 160000 cubic meters of gas ...

Unemployed American Airline Workers Should Learn Chinese
To the hundreds of young and unattached American Airlines workers threatened with lay offs: consider taking some classes in basic Mandarin Chinese. Chinese airlines are on a recruitment drive for foreign flight attendants as the country's aviation and ...


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