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China News 07/2012 (Page 11)



Taiwan, a Difficult Place to Take Off From
Taiwan's flag carrier, China Airlines Ltd., has struggled to clear both internal and external hurdles in its efforts to expand beyond its borders. For its part, the carrier, Taiwan's largest airline by revenue, has had a less-than-stellar safety ...

Australia May Have One Rate Cut Left in Cycle, Deloitte Says
Australia's central bank may cut the benchmark interest rate once more in this cycle if China can maintain its growth outlook, Deloitte Access Economics said. China has “boosted the ability of banks to lend and accelerated the go-ahead on everything ...

Heaviest rains in 60 years kill 37 in Beijing
| BEIJING (Reuters) - The Chinese capital's heaviest rainstorm in six decades killed at least 37 people, flooded streets and stranded 80000 people at the main airport, state media and the government said on Sunday. The storm, which started on Saturday ...

Profit Growth Doubts at Baidu Spur ADRs Tumble: China Overnight
By Belinda Cao on July 22, 2012 Chinese stocks fell for a third week in New York before Internet companies from Baidu Inc. to Ctrip.com International Ltd. (CTRP) (CTRP) report second-quarter earnings that analysts estimate will show slower profit ...

China Central Bank Adviser Forecasts Growth Slowdown to 7.4%
A Chinese central bank adviser predicted the nation's expansion may cool to 7.4 percent this quarter, adding to concern that the world's second-biggest economy has yet to bottom out. Song Guoqing, an academic member of the People's Bank of China ...

Can Britain break US, China, Russia's golden triangle?
By Belinda Goldsmith | LONDON (Reuters) - Bookmakers and economists are predicting Britain could end a gold medal stranglehold enjoyed by China, the United States and Russia this century by muscling into the top three finishing positions at the London ...

Global economy in worst shape since 2009
WASHINGTON (AP) — The global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The US economy is struggling again. And the economic superstars of the developing world ...

Reports of Forced Abortions Fuel Push to End Chinese Law
BEIJING — Pan Chunyan was grabbed from her grocery store when she was almost eight months pregnant with her third child. Men working for a local official locked her up with two other women, and four days later brought her to a hospital and forced her ...

The Stylish Side of China
BEIJING — Zena Hao, a 24-year-old publicist, avid follower of fashion trends and proud owner of four Prada handbags, has a new passion: fashion magazines. She carries home hefty copies of Vogue and Harper's Bazaar and studies the pictures for ...

Rupiah Declines Most in a Week on China Slowdown; Bonds Steady
Indonesia's rupiah declined the most in a week on concern growth in the world's second-largest economy may slow further, reducing appetite for emerging-market assets. Government bonds were little changed. The Bloomberg-JPMorgan Asia Dollar Index ...

Asia Currencies Decline on China's Slowdown, Greek Debt Concern
Asian currencies weakened after a central bank adviser forecast China's economy will slow further and concern mounted that Greece won't meet bailout targets, sapping demand for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index fell by ...

Asia Stocks Fall for Second Day on China Slowdown, Greece
By Yoshiaki Nohara and Adam Haigh on July 22, 2012 Asian stocks dropped for a second day after a Chinese central bank adviser forecast an economic slowdown and on renewed concern that Greece may not meet its bailout targets, damping demand for riskier ...

Carcinogen Found in Chinese Baby Formula
By MARK MCDONALD HONG KONG — A month after large batches of Chinese baby formula were found to contain dangerous levels of mercury, state media outlets reported Monday that the authorities have discovered more shipments of contaminated formula, ...

Oil Drops a Second Day on China Slowdown, Europe Crisis
Oil dropped for a second day in New York amid speculation global fuel demand will falter as China's economy slows and Europe struggles to control its debt crisis. Futures slid as much as 1.7 percent after a Chinese central bank adviser said the ...

Aging Japan-Chinese Workers Drive Jobs to Southeast Asia
Jose Winylito Tanquis has reason to be proud as he raises a flag to signal the launch of the 58000- ton “Ocean Symphony” in the Philippines. Not only did he help build the cargo vessel, his son John now works at the yard. “Now, he can buy his own stuff ...

FLSmidth Falls on Concern Over China Slowdown: Copenhagen Mover
FLSmidth & Co. A/S (FLS), a Danish maker of mining equipment and cement production plants, fell the most in eight weeks in Copenhagen on the outlook for slowing demand for its products as China's expansion cools. The shares slid as much as 4 percent, ...

Beijing rains kill 37, raise infrastructure debate
BEIJING (AP) – As China's flood-ravaged capital dealt with the aftermath of the heaviest rain in six decades Monday, including the deaths of 37 people, questions were being raised about whether the city's push for modernization came at the expense of ...

Baer's Tie Up With Bank of China Makes “Perfect Sense”
By Marietta Cauchi Julius Baer's joint venture with Bank of China makes 'perfect sense,' say analysts. After all, the Swiss wealth management group wants to scale up by tapping into emerging markets, given the financial gloom hanging over Western ...

METALS-Copper hits 3-week low, euro zone concerns weigh
* Spanish region Murcia may seek aid after Valencia * Investors again worried Greece may leave the euro * Nickel hits 3-year low, tin hits lowest since last Sept By Maytaal Angel and Harpreet Bhal LONDON, July 23 (Reuters) - Copper hit a three week low ...

Influential Chinese commentators dispute Japan's claim to Okinawa
BEIJING --For many observers, rising friction between China and Japan over a group of remote and uninhabited islands in the East China Sea are worrying enough. But if some influential Chinese nationalist commentators have their way, the spat over the ...

Commodities Drop on Greece, China Slowdown: Commodities at Close
The Standard & Poor's GSCI gauge of 24 commodities fell 2.3 percent to 636.82 at 5:07 pm in London. The UBS Bloomberg CMCI index of 26 raw materials was down 1.7 percent at 1545.989. CRUDE OIL Oil plunged on concern that Europe's sovereign-debt crisis ...

Diplomats Visit Held Frenchman In China
By GERALDINE AMIEL in Paris and JEREMY PAGE in Beijing A French architect embroiled in the political scandal surrounding Bo Xilai, the ousted Communist Party leader, has met French diplomats in China and is being kept in "good" conditions, according to ...

Xie Warns on Chaebols, China's Slump
By Evan Ramstad Andy Xie, the former Morgan Stanley economist and expert on the Chinese economy who recently sounded a warning about Australia's dependence on China, told a group of South Korean bankers and business executives to pay attention to a ...

Shale Gas May Hold Promise For China
By SIMON HALL BEIJING—Underscoring Cnooc Ltd.'s massive $15.1 billion deal for Canada's Nexen Inc. is an uncomfortable fact for Beijing's policy makers: China's economy remains intensely energy hungry. The world's No. 2 economy imported 5.6 million ...

Asian Shares Mixed; Japan Slips to Six-Week Low; Hong Kong Trading Delayed
By Daniel Inman Asian stocks were mixed Tuesday as Japanese shares slipped to a six-week low on worries over Europe while a report showing improvement in China's manufacturing sector helped markets elsewhere. A pickup in the preliminary HSBC China ...

Brent steady above $103 on signs of improving Chinese economy
* China's July manufacturing output grew at fastest pace in 9 months * Spain's debt problems weigh on oil; investors eye Europe data * Coming Up: API oil stocks data; 2030 GMT By Jessica Jaganathan SINGAPORE, July 24 (Reuters) - Brent crude remained ...

FOREX-Euro steadies after China PMI data, Aussie rises
* HSBC's China flash PMI lifts Aussie * Moody's changes outlook for Germany to negative * Greece in focus as lenders discuss its fate By Lisa Twaronite TOKYO, July 24 (Reuters) - The euro steadied against the yen and the US dollar in Asia on Tuesday, ...

China should ease local government credit curbs -paper
| BEIJING, July 24 (Reuters) - China should let banks make new loans to some local government investment projects to ensure their completion and prevent a build up of bad debt in the financial system, the official China Securities Journal reported on ...

DreamWorks Animation Seeks Magic Kingdom Beyond Movies
Jeffrey Katzenberg, with deals that give him new characters, a theme park and a footprint in China, is signaling DreamWorks Animation SKG Inc. (DWA) plans to expand beyond 3-D movies and home video. Katzenberg yesterday announced the acquisition of ...

GLOBAL MARKETS-Shares, euro capped on Spain contagion fears
* MSCI Asia ex-Japan inches down 0.1 pct, Nikkei hits 6-week low * Euro hovers near 2-year low vs dollar * HSBC China flash PMI at 5-month peak on output bounce * Spanish bill auctions eyed By Chikako Mogi TOKYO, July 24 (Reuters) - Asian shares were ...


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