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China News 07/2012 (Page 5)



Aussie, Mining Stocks Fall After Chinese Data; Oil Drops
The Australian dollar fell against most of its major peers and Asian mining stocks slid after data showed China's imports rose less than anticipated while export growth slowed. Oil fell as Norway ended an energy strike. The so-called Aussie lost 0.3 ...

Shares edge lower after weak China imports
By Chikako Mogi | TOKYO (Reuters) - Asian shares eased on Tuesday after Chinese import growth slowed sharply in June, underscoring weakness in domestic demand in the world's second-largest economy and adding to concerns about deteriorating global ...

China's Import Growth Misses Estimates for June
China's imports rose less than anticipated in June, pushing the trade surplus to a three-year high and adding pressure on the government to support demand as the global economy slows. Inbound shipments increased 6.3 percent from a year earlier, ...

China copper imports fall 17.5 percent on month in June
(Adds quotes, detail) * June copper imports at 346223 tonnes vs 419741 T in May * Physical demand may stay weak in coming month HONG KONG, July 10 (Reuters) - China's copper arrivals fell 17.5 percent in June from a month earlier, preliminary customs ...

India morning Call-Global markets
-------------------(8:20 am India Time)----------------------- Stock Markets DJIA 12736.29 -36.18 Nikkei 8920.56 +23.68 NASDAQ 2931.77 -5.56 FTSE 5627.33 -35.30 S&P 500 1352.46 -2.22 Hang Seng 19385.01 -43.08 SPI 200 Fut 4100.00 +10.00 CRB Index 292.70 ...

Weak China import data dents early Nikkei gains
* Nikkei rebounds after 3-day losing streak * Global slowdown worries cap gains, China data no help * Hopes of stimulus help to support market * Euro zone finance ministers meeting have limited impact * Nikon down on Intel stake in competitor ASML By ...

China's Stocks Fall to 6-Month Low After Imports Trail Estimates
China's stocks fell, dragging the benchmark index down to a six-month low, after a government report showed imports rose less than anticipated in June while export growth slowed. Shenzhen Chiwan Wharf Holdings Ltd. led a decline for port operators as a ...

Clinton Visit Puts Spotlight on South China Sea
By PATRICK BARTA US Secretary of State Hillary Clinton with Vietnam Prime Minister Nguyen Tan Dung during a meeting in Hanoi on Tuesday. US Secretary of State Hillary Clinton's visit to Southeast Asia this week was expected to put a spotlight on ...

Catholic Bishop Leaves China-Sanctioned Church
By CARLOS TEJADA AND PAUL MOZUR BEIJING—The surprise resignation of a Catholic auxiliary bishop from China's state-sanctioned church over the weekend could increase tensions between Beijing and the Vatican, which have long wrestled with who should ...

Cambodia Says ASEAN Ministers Agree to 'Key Elements' of Sea Code
Tuesday, 10 July 2012 Cambodia Says ASEAN Ministers Agree to 'Key Elements' of Sea Code Michael Lipin, VOA | Phnom Penh "We should put emphasis on the implementation of the Declaration of Conduct, including the eventual conclusion of the Code of ...

GLOBAL MARKETS-Wall St pulls back on German uncertainty, oil sags
* Profit warnings force US stocks to give up some gains * European shares up, German top court eyed on bailout fund * Weak Chinese import data sends oil lower * Spain gets extra year to cut deficit By Leah Schnurr NEW YORK, July 10 (Reuters) - US ...

CANADA STOCKS-TSX falls as China fears offset Europe hopes
* TSX down 40.27 pts, or 0.35 pct, at 11594.40 * Materials, energy sectors fall 1 pct * Weak China import data hurts commodity prices * Spanish bank deal pares losses * RIM down 4 pct as shareholder meeting begins By Jon Cook TORONTO, July 10 (Reuters) ...

China's Trade Growth Weakens Amid Economic...
China's Trade Growth Weakens Amid Economic...

FOREX-Euro tumbles to 2-year low vs dlr, Spain deal fails to buoy
* Meeting of finance ministers does little to help euro * Spain deficit reduction target extended on year * Italy's Monti says may be interested in aid from rescue fund * Sterling hits 3-1/2-year high versus euro By Julie Haviv NEW YORK, ...

Spreading the Faith Where Faith Itself Is Suspect
BEIJING — The Rev. Peter Liu Yongbin, a wireless microphone tethered to his head, gazed out over his prospective converts and plowed into the ABCs of Roman Catholic faith. He offered a roughly abridged version of Abraham's family tree, the benefits of ...

STOCKS NEWS SINGAPORE-DBS downgrades China Minzhong to hold
DBS Vickers downgraded vegetable processing firm China Minzhong Food Corp Ltd to 'hold' from 'buy' and cut its target price to S$0.60 from S$1.45, citing cost challenges, lower margins outlook and muted growth prospects. By 0215 GMT, China Minzhong ...

Rupiah Leads Drop in Asian Currencies on Regional Slowdown Risk
By David Yong on July 10, 2012 Asian currencies fell, led by Indonesia's rupiah, as data showed the region isn't immune to the global economic slowdown, deterring risk-taking. The MSCI Asia-Pacific Index of shares dropped for a fifth day after a report ...

Asian Stocks Drop for Fifth Day on Growth Concern; Copper Gains
By Richard Frost on July 10, 2012 Asian stocks declined for a fifth day amid concern the slowing global economy will curb earnings. Commodities and the Australian dollar rebounded as Chinese Premier Wen Jiabao called for more investment to maintain ...

Japan protests Chinese ships entry into waters near disputed isles
By Tetsushi Kajimoto | TOKYO (Reuters) - Japan lodged a protest with China on Wednesday against the entry of Chinese patrol ships into waters near disputed islands in the East China Sea, an issue that has long been a cause of friction between Asia's ...

India morning call-Global markets
-----------------(8:15 am India Time)----------------------- Stock Markets DJIA 12653.12 -83.17 Nikkei 8825.19 -32.54 NASDAQ 2902.33 -29.44 FTSE 5664.07 +36.74 S&P 500 1352.46 -2.22 Hang Seng 19371.68 -27.92 SPI 200 Fut 4100.00 +10.00 CRB Index 288.65 ...

Hollywood hunting for China pot of gold
By Cathy Yang | HONG KONG (Reuters) - A sharp rise in China's box office revenues last year, thanks to the moneyed middle-class willing to pay top prices for a trip to the cinema, has brought Hollywood hunting for local partners who can help them crack ...

Exxaro Falls as China Clouds Demand Outlook: Johannesburg Mover
Exxaro Resources Ltd. (EXX), part-owner of South Africa's biggest iron-ore mine, fell for a fourth day to the lowest in almost six months after Citigroup Inc. said slowing growth in China will hurt demand for base metals. The stock fell as much as 2 ...

Clean Energy Investment Rises 24%, Spurred by China Surg
Investment in clean energy rose 24 percent to $56.9 billion in the second quarter compared with the first, led by a surge in expenditure in China, Bloomberg New Energy Finance said. Spending in China jumped 92 percent in the period to $18.3 billion as ...

Danger Signs for Burberry Despite Rising Revenues
Despite rising revenues for high-fashion brand Burberry, some analysts have questioned the sustainability of the luxury bubble, especially in Asia, where recent data from China has hinted at an economic slowdown. This transcript has been automatically ...

METALS-Copper steady ahead of China data, global growth worries weigh
* Nickel near 2.5 year lows on weak stainless steel demand * Markets await China Q2 growth numbers * Copper down 1 pct in year to date By Melanie Burton and Harpreet Bhal LONDON, July 11 (Reuters) - Copper prices barely moved on Wednesday ahead of key ...

Mitt Romney lays into 'outsourcer-in-chief' Barack Obama
The issue of outsourcing jobs to nations such as China and India has sharpened into a major point of contention in the White House race, with Republican Mitt Romney and President Barack Obama accusing each other of enabling and even benefiting from the ...

Iran oil trade skirts ship insurance ban
* Iranian oil on its way to China from July programme * Comes amid dispute over freight terms * Japan takes steps to resume imports in August (Combines stories re Japan and China) By Chen Aizhu and Osamu Tsukimori BEIJING/TOKYO, July 11 (Reuters) ...

China to Pay Family in a Case of Forced Abortion
BEIJING — The woman who was forced to undergo a grisly late-term abortion in northwest China, an action that prompted a broad public outcry over family planning policy, will receive a cash settlement from the local government, her husband said ...

Top China paper slams Clinton's democracy comments
| BEIJING (Reuters) - China's top newspaper slammed US Secretary of State Hillary Clinton on Thursday for comments she made lauding democracy and implicitly criticizing restrictions in China, saying those Asian countries that ape US democracy were ...

Deeper Slowdown Suspected in China
By TOM ORLIK And AARON BACK BEIJING—Official data due this week are expected to show growth in China slowing to its lowest rate since the global financial crisis. But some economists say they are turning up evidence that the true picture could be even ...


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