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China News 07/2012 (Page 16)



China Current-Account Surplus Declines by 14% in 2Q
--China's current account surplus dropped 14% in the second quarter year-on-year. --Capital and financial account swung to a $71.4 billion deficit in the second quarter. --No obvious signs of capital flowing out of the country, regulator says. (Recasts ...

China's Olympic successes in London a hit at home
"I feel excited and proud each time I hear our national anthem," says Wang, 16, as she plays badminton with her father later Tuesday. There should be plenty more chances to hear The March of the Volunteers. Four years after Beijing hosted the Summer ...

China makes it 3-for-3 in Olympic diving
LONDON (AP) -- With stunning precision and dazzling athleticism, Chen Ruolin and Wang Hao led China to another gold medal off the big tower in women's 10-meter synchronized diving Tuesday. The Chinese were tied for second after the first round behind ...

METALS-Copper edges up on hopes for China growth, Fed, ECB action
China promises further support for economy * LME copper set to close the month down 1 percent * China official PMI on Wednesday could help set direction (Updates with closing prices) By Eric Onstad and Silvia Antonioli LONDON, July 31 (Reuters) ...

IOC, FINA and Others Defend China's Teen Swimmer
Olympic organizers and swimming's governing body leapt to the defense of China's world record-breaking teen sensation Ye Shiwen on Tuesday, with the sport's president saying suspicions that she doped were "crazy" and motivated by jealousy and the IOC ...

Cummins profit beats despite slow emerging markets
Q2 adjusted profit $2.45/shr vs $2.28 estimate * Sales $4.45 billion, in line with Street view * North America sales offset weak international markets * Company reports record margins * Shares up 7.5 percent By Lynn Adler July 31 (Reuters) - U.S ...

Xinhua Takes On Romney Over Israel Remarks
U.S. presidential hopeful Mitt Romney has taken no shortage of media bruising during his three-nation foreign tour. China's state-run Xinhua news agency is the latest to join in. Xinhua on Tuesday criticized Mr. Romney's suggestion that as president he ...

China Manufacturing Teeters Close to Contraction
By Bloomberg News - 2012-08-01T02:45:46Z. China's manufacturing teetered on the edge of contraction in July, signaling a rebound in economic growth has yet to take hold. The Purchasing Managers' Index unexpectedly fell to 50.1 in July from 50.2 in June ...

Shares fall as stimulus hopes fade, China PMI softens
TOKYO (Reuters) - Asian shares fell on Wednesday as soft Chinese manufacturing data further undermined investor confidence and as hopes faded of stimulus action this week by the U.S. Federal Reserve and the European Central Bank. China's official ...

Aussies Needn't Fear Chinese Buying
The study, by KPMG and the University of Sydney China Studies Centre, is called 'Demystifying Chinese Investment'. It finds that China's state-owned enterprises, or SOEs, aren't nearly as mysterious as popular wisdom suggests, and that instead of ...

Defeat Eludes South Koreans in Badminton
By KEN BELSON. LONDON — Sometimes, a loss is as good as a win, at least in badminton. In a women's doubles match Tuesday between China and South Korea, both pairs of players appeared to deliberately try to lose their match, according to several ...

An Emerging Olympic Tennis Star on the Eastern Horizon?
As the tennis world focuses on the Olympic tournament in London this week, young tennis players around the world are dreaming of Olympic Games to come. And many of them are doing more than dreaming, putting in the hard yards toward already-defined ...

India morning call-Global markets
(Updates prices) --------------(8:30 a.m India Time)----------------------- Stock Markets DJIA 13008.68 -64.33 Nikkei 8601.63 -93.43 NASDAQ 2939.52 -6.32 FTSE 5635.28 -58.35 S&P 500 1379.32 -5.98 Hang Seng 19828.98 +40.72 SPI 200 Fut 4210.00 -17.00 ...

Nikkei falls as large caps punished for disappointing earnings
Seiko Epson slumps to lifetime low on underwhelming results * Sumitomo Heavy skids, slashes profit outlook on weak China demand * Komatsu plummets to 9-1/2 month low, cuts guidance * Honda falls after undershooting expectations * Panasonic, ...

Obama tightens sanctions on banks helping Iran sell oil
Targets foreign banks' deals with Iran traders NIOC, NICO. * Blacklists a Chinese and Iraqi bank. * China denounces new sanctions. * Comes on eve of congressional votes on more sanctions. * 'Not the final word on Iran sanctions' -Rep. Berman (Adds ...

China makes it 3 for 3 in Olympic diving
LONDON -- Yawn. It looks like another Chinese rout at the Olympic diving pool. Three days into the competition, China has romped to three gold medals. And its divers will be huge favorites in the remaining five events, looking very much like a team ...


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