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China News 08/2012 (Page 16)



Status-conscious investors shell out on great walnuts of China
BEIJING (Reuters) - China is trying hard to revive interest in its ailing stock market, but some investors are instead shelling out big money on an asset they can hold in the palms of their hands - walnuts. With more traditional investments like stocks ...

Special Report: China's "wild east" drug store
1 of 29. A woman rests with her 18-month-old daughter, who is being treated for malaria by International Medical Corps doctors, at Akobo County Hospital in South Sudan, in this July 25, 2012 file picture. Credit: Reuters/Margaret Aguirre/International ...

Airbus wins $7 bln Philippine Air order
Flag carrier orders 44 narrowbody jets, 10 A330 jets. * Delivery of jets starting 2013. * PAL says also in talks with Boeing for larger jets. * Airbus confident of big China deal, German official says. By Erik dela Cruz and Tim Hepher. MANILA/PARIS ...

Forex Losses, High Fuel Costs Hit Air China's Profit
By JOANNE CHIU. HONG KONG—Air China Ltd. became the latest Chinese carrier to suffer from foreign-exchange losses, higher fuel costs and slowing demand for air travel as it reported a 77% drop in its first-half net profit Tuesday. China's state-owned ...

Victims' Sons in Tough Fight for Redress After China Rail Crash
SHANGHAI — Henry Cao has stark memories of the moment the high-speed train he was riding rear-ended another last summer in the eastern city of Wenzhou: the pleasantly hypnotic rocking that gave way to a jolt he likened to an earthquake, followed by ...

China makes its peace with this Bigfoot
BEIJING — Unlike Japan, where Godzilla destroyed countless Tokyo landmarks, or South Korea, where celluloid sea beasts slink around the riverbanks into Seoul, China has no creature-feature tradition because film regulators historically have shunned ...

VMware taps China's 5-year economic plan
SAN FRANCISCO--China's economic plans to develop the IT capabilities of its domestic companies and become a leader in cloud computing have provided VMware massive opportunities to grow. In an interview with ZDNet Asia here Tuesday at the vendor's ...

Hillary Clinton's visit underscores new value of Cook Islands
Hillary Clinton's visit underscores new value of Cook Islands. Don't know where they are? They sit in the South Pacific, where the U.S. seeks to strengthen its presence in the face of China's growing power in the region. print. Comments. 0 ...

UCLA basketball players take home something valuable from China
Advanced Search. X. include all of these words: include any of these words: include this exact phrase: exclude: Select a date range. this week, past 30 days, past 3 months, past year. Create a custom date range. From: To: UCLA BASKETBALL ...

PBOC asks 28-day reverse repo demand for first time
PBOC seen reluctant to use blunter tools such as RRR. * Govt wary of rebound in inflation, asset prices -dealer. (Adds background, trader comment). SHANGHAI, August 29 (Reuters) - China's central bank surveyed primary dealers on potential demand for ...

METALS-LME copper eases ahead of Jackson Hole
Shanghai rebar falls more than 2 pct to contract low * Shanghai equities retreat 0.5 pct * Investors cautious ahead of central bankers meeting * ECB chief to skip Jackson Hole meeting By Carrie Ho SHANGHAI, Aug 28 (Reuters) - Copper traded lower on ...

China, wary of Arab Spring, hosts Egypt's Morsi on visit focusing on trade ...
China, wary of Arab Spring, hosts Egypt's Morsi on visit focusing on trade ...

Hong Kong Braces for More Mainland Tourists
Hong Kong is getting ready to roll out the doormat for more mainland Chinese tourists—much to the chagrin of many residents. Starting Sept. 1, an additional four million visitors from the neighboring mainland city of Shenzhen will be allowed to more ...

Deadly Fast: China's Struggle With Road Safety
The gems of wisdom old China hands impart to newcomers usually include a dictum on road safety: In Shanghai, keep your wits attuned to the “silent killer” scooters that appear from nowhere. On the roads of Guangzhou, look out for the sleepy lane ...

Misattribution and Exaggeration Mar Reporting on Chinese Missile Test
China is reported to have conducted a missile test during the latter part of July. Chinese missile tests are a relatively common occurrence and are routinely covered in the Chinese press. I wrote about one such test several months ago, noting China's ...

China's Government Must Get Out of the Way
Zhang Wenkui is deputy director of the Enterprise Research Institute at the Development Research Center, a respected advisory group tied to China's powerful State Council. He was one of the authors of the China 2030 report, jointly released by the ...

METALS-Copper falls, market nervous ahead of Jackson Hole
Tin falls 5 pct as PT Timah restarts spot sales * Aluminium premiums expected to rise * U.S. Q2 GDP growth revised to 1.7 pct from 1.5 pct By Silvia Antonioli LONDON, Aug 29 (Reuters) - Copper fell to its lowest in a week on Wednesday on lingering ...

Big Chinese Auto Makers Post Strong Gains
SHANGHAI—Chinese partners of General Motors Co., Volkswagen AG and BMW AG reported strong first-half profits despite slowing sales gains, illustrating the benefits of ties to a strong foreign brand in a fickle auto market. SAIC Motor Co., China's ...

Emerging Stocks Retreat for Fourth Day on Commodities, Earnings
Emerging-market stocks dropped for a fourth day, sending the benchmark index (VXEEM) to the lowest in three weeks, as falling commodities dragged down producers and Chinese companies posted lower earnings. The MSCI Emerging Markets Index lost ...

Don't get hung up on the renminbi
By Michael Pettis, CEIP. Editor's note: Michael Pettis is a nonresident senior associate on the Asia Program at the Carnegie Endowment for International Peace, where this piece originally appeared. The views expressed are his own. China urgently needs ...

Joy Global Cuts 2012 Forecast as Mining Expenditure Declines
Joy Global Inc., the world's fourth- largest mining equipment maker, cut its full-year profit and sales forecasts and said revenue may not increase next year as commodity demand slowed in the U.S. and China. Earnings excluding restructuring costs will ...

Drogba Provides Hope for Fans of Chinese Club
Peter Parks/Agence France-Presse — Getty ImagesDidier Drogba, right, and Nicolas Anelka are beginning to show what they can do for Shanghai Shenhua, but there have been reports of a franchise power struggle, putting their futures in doubt. The first ...

Cambage will rest, head to China
Liz Cambage said she thought she could pull it off. Play in the Olympics in London, go home to Australia for a quick rest, then hop on a plane for Tulsa and help the Shock finish out their WNBA schedule. And then head to China for another season, which ...

Growing Wealth, Shrinking Democracy
For Op-Ed, follow @nytopinion and to hear from the editorial page editor, Andrew Rosenthal, follow @andyrNYT. PRESIDENT José Eduardo dos Santos, whose party will no doubt win Friday's election, has ruled Angola for 33 years. He once declared that ...

Prosecutors Link Money From China to Iran
Prosecutors say they have unearthed evidence in recent international money-transfer investigations that Chinese banks may have flouted United States sanctions against Iran. Now, as they investigate global banks suspected of funneling billions of ...

Chinese Firms Warm to Private Equity
By Chao Deng. Chinese companies, long tough targets to acquire, are starting to look more favorably toward private equity, in part because they are having a harder time raising cash through the stock market. Indeed, with a record $3.5 billion offer for ...

China Cosco, CSCL Tumble After Wider Losses: Hong Kong Mover
China Cosco, CSCL Tumble After Wider Losses: Hong Kong Mover. By Bloomberg News - 2012-08-30T02:47:15Z. China Cosco Holdings Co. (1919) and China Shipping Container Lines Co. (2866), the nation's two largest listed ship operators by sales, both ...

India Morning Call-Global markets
(Updates prices, news) -------------------(08:56 am India time)-------------------- Stock Markets S&P/ASX 200 4,342 -10 NZSX 50 3,629.07 +0.69 DJIA 13,107.48 +4.49 Nikkei 9,002.73 -67.08 NASDAQ 3,081.19 +4.04 FTSE 5,743.53 -32.18 S&P 500 1,410.49 +1.19 ...

Asian Stocks Erase Monthly Gain on Growth Concern; Oil Declines
Asian Stocks Fall to Four-Week Low on Growth Concern; Oil Drops. Government reports showed Japan's retail sales fell in July for the first time in eight months while a Bank of Korea index of manufacturers confidence for September was at 75 from 70 the ...

Clinton to Visit China Amid Diplomatic Storms
HONG KONG — As U.S. Secretary of State Hillary Rodham Clinton prepared to leave Thursday for a visit to Asia, China's state-run news agency Xinhua published a commentary saying “Washington has resorted to diplomatic, economic and strategic means, ...


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