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China News 06/2012 (Page 3)



Hong Kong shares seen higher on euro zone optimism
HONG KONG, June 7 (Reuters) - Hong Kong shares could start higher on Thursday, tracking the overnight gains on Wall Street on signs that European policymakers could decide on a solution for ailing Spanish bank and the US may take action to boost its ...

12 children hurt in raid on China religious school; state blames staff ...
12 children hurt in raid on China religious school; state blames staff ...

Louis Vuitton so last season for China's super chic
SHANGHAI (Reuters) - Daisy Liu epitomizes China's obsession with luxury brands: her shoes are Guiseppe Zanotti, her brooch Chanel, a floral Hermes scarf is stylishly knotted over one shoulder. She won't, however, tote a monogrammed Louis Vuitton ...

Chinese undertakers brave fear, stigma to honor dead
By Royston Chan | JIAXING, China (Reuters) - Zeng Liangliang faced strong opposition from his family when he first told them his plans for a job, despite being guaranteed employment with a good salary right out of school. He intends to be an undertaker ...

Central Asia group seeks bigger Afghanistan role
By CHRISTOPHER BODEEN Russia, China and Central Asian states meeting in Beijing this week say they want a significant role in stabilizing Afghanistan after most US combat troops leave at the end of 2014, with Beijing's economic juggernaut leading the ...

Battery fluid leak may be a factor in China car fire: BYD exec
| BEIJING (Reuters) - Flammable fluids leaking from a BYD electric car battery might have contributed to a fire following a high-speed fatal crash in China last month, a BYD executive told Reuters. However, Stella Li, senior vice president of Warren ...

Chinese Firms on an Overseas Shopping Spree
By NEIL GOUGH HONG KONG–Chinese companies went on an overseas shopping spree in the first three months of the year, with the value of outbound investment rising 118 percent from the same period a year earlier to $21.4 billion, a study released Thursday ...

GLOBAL MARKETS: China Rate Cut Lifts Stocks, Euro; Bunds, Gilts Hit
By Michele Maatouk and Andrea Tryphonides European stocks pushed higher Thursday, along with the euro and the pound, while Bunds slid, after China said it will cut its benchmark lending and deposit rates. Meanwhile, gilts suffered a double blow, ...

China Calls for Tax Changes to Stimulate Spending
BEIJING—China needs to improve its tax system to stimulate spending, Finance Minister Xie Xuren said Thursday. The central government will study measures to expand a value-added tax trial, and improve China's consumption tax to "guide reasonable ...

China $23 Billion Steel Push Seen Igniting Iron Ore: Commodities
(For more commodity columns, click CMMKT.) June 7 (Bloomberg) -- China is set to jolt iron ore off a six-month low after approving an estimated $23 billion of steel projects that will use the raw material produced by mining companies such as Rio Tinto ...

Stocks rise on Wall Street after China cuts rate
By AP NEW YORK — Stocks rose on Wall Street today after China cut its benchmark lending rate in another bid to boost its slowing economy, but an early rally faded after Federal Reserve Chairman Ben Bernanke gave no signal of immediate action to prop ...

Foreign Banks Hit a Wall in China
By Bloomberg News on June 07, 2012 Walt Disney (DIS) didn't have trouble raising money for its $4.4 billion theme park in Shanghai. After it won approval in 2009, a dozen Chinese banks sprang into action, offering $2 billion in loans and promising more ...

China Solar Companies Gain on Europe Pain in Shift East
The world's largest solar-panel makers are boosting production this year on expectations that demand in China will double, a surprise shift as the $36 billion market migrates from Europe to Asia. The five biggest producers of polysilicon solar modules, ...

China Set to Announce Steepest Fuel-Price Cut Since 2008
China, the world's second-biggest oil user, may today announce its biggest cut to gasoline and diesel prices since at least 2008 after a slump in global crude costs. State-controlled fuel prices will drop by 620 yuan ($97) a metric ton, equivalent to ...

Singapore Stocks - Factors to watch on June 8
SINGAPORE, June 8 (Reuters) - Following are some company-related and market news which could have an impact on the local market. ----------------------MARKET SNAPSHOT @ 0014 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1314.99 -0.01% -0.140 ...

METALS-Copper falls on US stimulus uncertainty, China data worries
SHANGHAI, June 8 (Reuters) - Copper fell on Friday after the US Federal Reserve's chairman gave no hint that further monetary easing was imminent, disappointing those hoping that more stimulus by the world's largest economy would help boost global ...

Billionaire Fisher Turns Bullish on Stimulus: China Overnight
By Michael Patterson and Belinda Cao on June 07, 2012 Billionaire Kenneth Fisher, who bought Chinese shares as they rallied from a 2-1/2 year low in the fourth quarter, said the stocks will beat global equities as the government takes further steps to ...

China says to provide "selfless" help to Afghanistan
By Ben Blanchard | BEIJING (Reuters) - Chinese President Hu Jintao told his Afghan counterpart Hamid Karzai on Friday that China will provide "sincere and selfless help" to Afghanistan, promising to step up trade, aid, investment and security ...

Stock Markets Fall in Asia on Concern About China
HONG KONG — Stock markets fell across the Asia-Pacific region and the price of oil sagged on Friday as investors once again fretted about the slowing pace of growth in China. In the United States, the Federal Reserve, too, had provided little support ...

India morning call-Global markets
----------------(8:30 am India time)----------------------- Stock Markets S&P/ASX 200 4132.0 +14.0 NZSX 50 3454.12 -19.83 DJIA 12460.96 +46.17 Nikkei 8470.35 -169.37 NASDAQ 2831.02 -13.70 FTSE 5447.79 +63.68 S&P 500 1314.99 -0.14 Hang Seng 18568.68 ...

Wing cracks, other flaws delay China jet manufacture
| BEIJING (Reuters) - When China set a goal to leap from being a tiny aerospace-industry player to a direct threat to Airbus and Boeing, few scoffed at the idea, given Beijing's track record of using deep government pockets to push state-owned firms up ...

METALS-Copper falls to 6-month low on China slowdown fear
* Copper hits lowest since Dec. 20 at $7264.25 * China May copper imports expected to drop * Coming up; China industrial output for May on June 9 By Melanie Burton LONDON, June 8 (Reuters) - Copper fell to its lowest since December on Friday as ...

IMF Shifts Policy on Yuan
By BOB DAVIS BEIJING—The International Monetary Fund, in a shift of policy, said it now considers the Chinese yuan only "moderately undervalued," which could present political problems for the US in its effort to press China to boost the value of its ...

Chinese Activist's Death Called Suicide, but Supporters Are Suspicious
BEIJING — Li Wangyang, one of China's longest-serving political prisoners, was not the kind of man to go down without a fight. After serving 11 years in prison for organizing workers during the pro-democracy protests of 1989, he gained his freedom and ...

Beyond standardized tests – teaching empathy
More than ever children need skills in how to work with changing teams of collaborators and how to seek solutions rooted in the needs of others, the author says. By Alison Hockenberry, Ashoka Changemakers / June 8, 2012 The Center for Inspired Teaching ...

Focus Media Leads ADR Drop Before Data Report
By Belinda Cao on June 08, 2012 Chinese equities traded in the US fell for the first time in four days, led by Focus Media (FMCN) (FMCN) Holding Ltd. and Cnooc Ltd. (883), before the government reports economic data that may show a deeper slowdown in ...

European shares snap rally on global growth concerns
* FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 flat * Basic resources shares down 2.8 pct on weak China data fears * Ibex 35 up 1.8 pct on optimism over euro zone aid deal By Francesco Canepa LONDON, June 8 (Reuters) - European equities snapped a ...

Rare Earth Minerals: An End To China's Monopoly Is In Sight
Rare earth minerals aren't as rare as you think. The mining of rare earth minerals – well, that's another story. China has a stranglehold on the market, mining more than 95% of the world's production of rare earth minerals. And because these minerals ...

COMMODITIES-Down on day but post first weekly gain since March
* Close watch on Spain bank bailout, China economic data * US crude down nearly 1 pct on day and up 1 pct on week * Copper down for 6th week; grains see big gains * Natgas up for the day on pre-weekend short covering (Updates prices, quotes, ...

“Midnight in Peking How the Murder of Young Englishwoman Haunted the Last Days ...
“Midnight in Peking How the Murder of Young Englishwoman Haunted the Last Days ...


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