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China News 07/2012 (Page 8)



LeBron James's Miami Heat to Play Preseason NBA Games in China
LeBron James and the Miami Heat will play two preseason games in China against Blake Griffin and the Los Angeles Clippers in October, the first time the defending National Basketball Association champions will participate in the six-year history of the ...

Baht Touches One-Week High on Possible China Stimulus, Inflows
Thailand's baht touched a one-week high amid speculation Chinese policy makers will introduce more stimulus measures, boosting demand for emerging-market assets. Bonds were little changed. Premier Wen Jiabao said on a tour of southwest Sichuan province ...

Asian Shares Mixed; Australian Miners Rally, China Slips
By Daniel Inman Asian markets were mixed on Monday, with strong gains in Australia as mining stocks rallied while China slipped on warnings over its economy. Sentiment was given a boost early in the session as Asian investors reacted to a strong day of ...

Shares extend rally on China relief, Bernanke next focus
By Chikako Mogi | TOKYO (Reuters) - Asian shares extended their rally on Monday as fears of an economic hard landing in China subsided, with Premier Wen Jiabao raising the prospect of more policy stimulus if needed. With worries about China off the ...

India morning call-Global markets
-----------------(8:20 am India Time)----------------------- Stock Markets DJIA 12777.09 +203.82 Nikkei 8724.12 +4.11 NASDAQ 2908.47 +42.28 FTSE 5666.13 +57.88 S&P 500 1356.78 +22.02 Hang Seng 19126.34 +37.34 SPI 200 Fut 4273.00 -12.00 CRB Index 293.96 ...

Microsoft Joins Intel Facing Slower Growth as China Stalls: Tech
Intel Corp. (INTC) and Microsoft Corp. (MSFT), whose products run at least 80 percent of the world's personal computers, are set to report lackluster sales growth as China's slowing economy exacerbates stalling demand for PCs. Intel, the largest maker ...

Oil Drops From One-Week High on Concern China Economy Weakening
By Ben Sharples and Nayla Razzouk on July 15, 2012 Oil fell from the highest close in more than a week after Premier Wen Jiabao said China's economic recovery hasn't gained momentum, stoking speculation that demand may ease in the world's ...

Barton Biggs: The Sage of China
By Diane Brady on July 16, 2012 The first time I ever spoke with Barton Biggs, I was squatting in my sister's dorm room at Hong Kong University. It was 1994, and I had moved there without a job because it seemed like an exciting place for a young ...

Micex Rises Second Day on China Easing Optimism; Novatek Jumps
By Ksenia Galouchko on July 16, 2012 Russian stocks climbed to an almost week-high for a second day of gains as investors bet China will take further efforts to support growth, boosting appetite for riskier assets. The benchmark Micex Index (INDEXCF) ...

Chinese Businesses Get Advice on US Investment
By BOB DAVIS BEIJING—Looking to ease the way for Chinese investment in the US, the US Chamber of Commerce is advising Chinese businesses not to count on "personal relationships" with government officials as a key to success. The advice came in a ...

The Great New American Outsourcing, Clouds to China?
Fast forward to Olympics 2016. Senator Reid is still the majority leader. (It could happen.) This time he's not calling for the burning of our Olympic team's Chinese-made uniforms as he recently did, but instead that we boycott watching the games on ...

WTO finds China bank card monopoly breaks rules
By Tom Miles and Doug Palmer | GENEVA/WASHINGTON (Reuters) - China discriminates against foreign bank card suppliers by maintaining state-owned China UnionPay as the monopoly supplier for clearing certain transactions, a World Trade Organization ...

METALS-LME copper dips; US, China stimulus eyed
* Euro eases vs dollar; poor US retail sales hits dollar * China pledges efforts to stabilise economy in H2 * Markets await US Fed chairman testimony on Tuesday By Maytaal Angel and Harpreet Bhal LONDON, July 16 (Reuters) - Copper slipped on Monday, ...

China Echoes 2009 Stimulus Planned Railway Spending Boost
China's railway infrastructure investment may double in the second half of this year from the first six months, aiding efforts to reverse a slowdown in the world's second-biggest economy. Full-year spending will be 448.3 billion yuan ($70.3 billion), ...

METALS-Copper up on stimulus hopes ahead of Bernanke testimony
SHANGHAI, July 17 (Reuters) - Copper rose on Tuesday, supported by hopes of more monetary stimulus from the US Federal Reserve after weak retail sales data added to evidence the world's largest economy was slowing. Investors are eyeing Federal Reserve ...

China refined copper production up 7 pct in June m/m
(Add details, comment and forecast) * June copper output at 518000 tonnes, matches record set in Aug 2011 * Aluminium production at record 1.685 million tonnes * Nickel output at year high of 23688 tonnes By Polly Yam HONG KONG, July 17 (Reuters) ...

TEXT-S&P Rates China Fishery's Proposed Sr Unsecd Notes 'BB-'
(The following was released by the rating agency) July 17, 2012--Standard & Poor's Ratings Services today assigned its 'BB-' issue rating and 'cnBB' Greater China credit scale rating to the proposed issue of senior unsecured notes by CFG Investment SAC ...

China Money Rate Rises Most in July on Reverse Repo Redemptions
China's overnight money-market rate rose by the most this month on speculation cash supply will wane because of reverse-repurchase contract redemptions. A total of 205 billion yuan ($32.2 billion) of reverse repos come due this week, while 45 billion ...

Visa Among US Firms Helped by WTO China Ruling
By Jennifer M. Freedman and Hugh Son on July 16, 2012 Visa Inc. (V) (V), MasterCard Inc. (MA) (MA) and American Express Co. (AXP) (AXP) were among companies to win partial support from World Trade Organization judges in a US claim that China unfairly ...

Falling property investment drives China H1 FDI drop
* China H1 FDI falls 3 pct on yr ago to $59.1 billion * Property investment falls 12.4 pct in H1 on yr ago * EU surprises with H1 FDI uptick, up 1.6 pct on yr ago BEIJING, July 17 (Reuters) - China's foreign direct investment inflows fell 3 percent in ...

Beijing's Censors Could Test the Mettle of Iron Man
By MARK MCDONALD HONG KONG — They're known to be a prickly lot, the film censors in Beijing who select the 34 foreign films that can be shown in China each year. When China is the setting for a film, they want the nation to be shown as wholesome, ...

Philippines Wary of Chinese Fishing Boats Near Spratlys
MANILA — The Philippines is expressing concern over 30 Chinese vessels that have settled near a reef among some disputed islands it partially claims in the South China Sea. The boats arrived from Hainan province Sunday, just days after a heated ...

Inside Canada, China Asserts Itself
By ALISTAIR MACDONALD Chinese companies are looking at and investing in Canadian energy projects, many of them on land owned by Native American tribes. And their efforts, reports the WSJ's Lingling Wei, have not gone unnoticed by Canadian security ...

China's rate cuts fall flat as small firms bypass banks
By Koh Gui Qing | BEIJING, July 18 (Reuters) - China's bid to energise a stuttering economy by cutting interest rates twice in a month and making it more attractive for banks to take risks on private sector borrowers is falling flat with the most ...

Protectionism, Not Yuan, Should Be Priority Concern, Says US Business Chief
By AARON BACK BEIJING—Concerns over the level of China's currency are fading and shouldn't be the top priority of a new US administration, Thomas Donohue, president of the US Chamber of Commerce, said Tuesday. Speaking to reporters at a press briefing ...

China Echoes 2009 Stimulus With Railway Spending Boost
By Bloomberg News on July 17, 2012 China's railway infrastructure investment may double in the second half of this year from the first six months, aiding efforts to reverse a slowdown in the world's second-biggest economy. Full-year spending will be ...

Surging TCL in China Adds to Woes of Japanese TV Makers: Tech
By Bloomberg News on July 17, 2012 TCL Corp. (000100) televisions now hang in Beijing's Great Hall of the People, replacing Panasonic Corp. (6752) sets in a sign that China's biggest flat-panel TV maker is piling on to the woes besetting Japan's ...

UN leader Ban Ki-moon visits China seeking tougher response to spiraling Syria ...
UN leader Ban Ki-moon visits China seeking tougher response to spiraling Syria ...

Phone Maker ZTE Looks to US Amid Lawmakers' Concerns
By Bruce Einhorn on July 17, 2012 The Chinese government has a message for the Obama administration: We're watching how you treat our tech companies. Responding to a question about reports that the FBI is investigating possible sales to Iran by ...

METALS-Copper cuts gains after Bernanke testimony
* Bernanke offers few clues US monetary stimulus * China June refined copper output up 11.6 percent * US industrial output rises on factory rebound By Harpreet Bhal and Maytaal Angel LONDON, July 17 (Reuters) - Copper cut gains on Monday after Federal ...


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