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China News 08/2012 (Page 4)



METALS-Copper treads water underpinned by US jobs data
Euro rally against dollar gives metals a lift * Key data point China industrial output due Thursday * Coming up: Euro zone Sentix Index Aug at 0830 GMT (Adds analyst, trader comment) By Melanie Burton SINGAPORE, Aug 6 (Reuters) - London copper was ...

India morning call-Global markets
------------------(8:30 a.m)----------------------- Stock Markets DJIA 13096.17 +217.29 Nikkei 8702.3 +147.23 NASDAQ 2967.90 +58.13 FTSE 5787.28 +124.98 S&P 500 1390.99 +25.99 Hang Seng 20053.88+386.14 SPI 200 Fut 4243.00 +58.00 CRB Index 300.69 ...

Muni-Market Cuts, Danes' Cibor, China OTC, Sunstein: Compliance
Wall Street bond dealers may be cutting their commitment to trading municipal securities as regulations have increased transparency, according to preliminary findings of an industry-backed study. Rules imposed in 2005 have improved the efficiency of ...

Advising Chinese Leaders: Futile Efforts?
By Yiyi Lu. At a recent conference of Chinese political scientists and international relations scholars in Beijing, a western academic remarked that he was struck by how Chinese scholars often seemed keen to use their research to come up with advice ...

Mother's Labor-Camp Sentence Sparks Fury
The plight of a mother sentenced to a labor camp for demanding tougher punishment for those who allegedly raped and forced her daughter into prostitution has rallied China's online community — and even prompted an official rebuke from the Communist ...

Asia Fuel Oil-Aug/Sept narrows as Japan, China demand hopes fade
SINGAPORE, Aug 6 (Reuters) - Asia's fuel oil prompt inter-month spread narrowed on Monday as more Western supply was expected to arrive in the second half of August and as hopes faded for a rebound in Japanese and Chinese demand. The balanced ...

Lin Thrills Chinese Media, Snubs 'Melo
Asked by Chinese media to choose from among Carmelo Anthony, Kevin Durant and LeBron James the NBA's best player, new Houston point guard Jeremy Lin didn't hesitate Sunday during his visit to Taipei's Xinyi District. “LeBron James is the best player in ...

Chinese Leaders Gather Ahead of Transition, Reports Indicate
BEIJING — China's state-run news agency and central state television network have begun publishing reports from the beachside town of Beidaihe on the activities of top Communist Party visitors from Beijing, suggesting to some political observers that ...

More than Gu: Railroad Court Drama Looms
The upcoming murder court case this week of Bo Xilai's wife is galvanizing the attention of China watchers. But speculation on a separate track is intensifying that another top case will also soon go to the judiciary: a corruption trial of China's ...

Spyker sues GM for more than $3 bln over Saab bankruptcy
By Sara Webb and Anthony Deutsch. AMSTERDAM Aug 6 (Reuters) - Dutch sportscar maker Spyker is suing General Motors for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group ...

Citi Launches Investment-Bank Joint Venture in China
SHANGHAI—Citigroup Inc. launched an investment-banking joint venture in China, gaining access to the country's fast-growing capital markets. The joint venture with Shanghai-based Orient Securities Co. will allow the U.S. banking giant to engage in ...

METALS-Copper steadies, market awaits China data
Euro falls on caution over debt crisis response * China industrial output due Thursday a key data point * Copper price rangebound in seasonally slow period By Susan Thomas and Harpreet Bhal LONDON, Aug 6 (Reuters) - Copper steadied on Monday, as a ...

Sinopec, ENN extend $2.2 bln offer for China Gas
HONG KONG Aug 6 (Reuters) - Chinese oil giant Sinopec Corp and gas distributor ENN Energy Holdings are extending their $2.2 billion offer for China Gas Holdings again, this time by a month, as they seek regulatory approvals to proceed with Hong Kong's ...

Villain or scapegoat? Gu Kailai faces trial in China
Gu Kailai, wife of China's former Chongqing Municipality Communist Party Secretary Bo Xilai (not pictured), poses for a group photo at a mourning held for her father-in-law Bo Yibo, former vice-chairman of the Central Advisory Commission of the ...

Bling Toned Down in Beijing
By LAURIE BURKITT And JASON CHOW. BEIJING—Bling is losing some of its cachet in China. Luxury goods makers selling in China are taking a calculated gamble that consumers will shy away from the most ostentatious logos and displays of wealth. It isn't ...

Kung Fu Panda Studio to Spend 20 Billion Yuan in Shanghai
'Kung Fu Panda' Studio Eyes $3.1 Billion Shanghai Complex. By Bloomberg News - 2012-08-07T02:49:35Z. Oriental Dreamworks, a Chinese venture by Dreamworks Animation SKG Inc. (DWA), will invest more than 20 billion yuan ($3.1 billion) building an ...

PRECIOUS-Gold steady as investors expect ECB action
Gold flat as investors await Europe cenbank action * Spot gold may fall to $1582.58/oz -technicals * Coming Up: Australia RBA cash rate, August; 0430 GMT (Adds details, comments; updates prices) By Rujun Shen SINGAPORE, Aug 7 (Reuters) - Gold traded ...

Goldman Sachs's MIST Topping BRICs as Smaller Markets Outperform
Jim O'Neill ushered in a decade-long investment boom in 2001 when he coined the term BRICs for the largest emerging markets. This year, a lesser-known acronym that the Goldman Sachs Asset Management chairman is helping to popularize has taken ...

China Copper Market Backwardation May Persist as Imports Decline
Copper for immediate delivery in China has been more expensive than the metal for future delivery since May 9, and this price structure may persist as imports into the world's largest user slumped. The so-called backwardation, signaling limited ...

Apple's Facetime faces patent infringement suit in China
Apple's Facetime faces patent infringement suit in China. The iPhone maker is up against another lawsuit in China by a man who claims to hold a patent on a technology for a "voice network personal digital assistant." Lance Whitney. by Lance Whitney ...

China's politics reign in murder trial of Bo Xilai's wife
HEFEI, China – The wife of a fallen Chinese leader goes on trial Thursday on charges of murdering a British businessman in a politically charged case that may have little to do with whether she really killed him. Instead, the trial of Bo Xilai's wife ...

China Sheds Tears Over Liu's Crash Into 1st Hurdle
They watched, anguished, and they cried and commiserated — on social media, on the streets of the Chinese capital and, in the case of one anchor, even on state television. Many Chinese following the Olympics at home called hurdler Liu Xiang their hero ...

DreamWorks Plans Shanghai Studio
By JAMES T. AREDDY. SHANGHAI—DreamWorks Animation SKG Inc., looking to boost its presence in a fast-growing market, signed deals with Chinese partners to build a $350 million movie studio in Shanghai and help design an entertainment complex ...

London Live: Follow Tuesday's Action at the Olympics
London Live: Follow Tuesday's Action at the Olympics. By LYNN ZINSER. Jonathan Brownlee, left, of Britain, won bronze in the men's triathlon with a Chang W. Lee/The New York TimesJonathan Brownlee, left, of Britain, won bronze in the men's triathlon ...

Electricity Use Seen Overstating China Economic Slowdown
A stagnation in electricity output that fanned speculation China's slowdown is intensifying may instead be evidence of an accelerated transition to a more services-based economy. The government will release information on July electricity production ...

Japan makes Olympic women's volleyball semis
LONDON (AP) -- Japan outlasted China 3-2 Tuesday to reach the semifinals of women's volleyball at the London Games, upsetting a team it had never even taken a set from at any Olympics. Many of the Chinese players burst into tears as the Japanese ...

China's citizens hear little as new leaders chosen
While Americans are bombarded with minute-by-minute election coverage, China state media has yet to inform citizens that its top leaders are meeting to solidify the once-a-decade "transition" to a new administration. The new leaders will surely be ...

Exclusive: China's president eyes ally for promotion to top body - sources
Chinese President Hu Jintao arrives for a group photo session for the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) at the Great Hall of the People in Beijing July 19, 2012. Credit: Reuters/Andy Wong/Pool. By Benjamin ...

Will Hurdler Keep Pace in Race for the Green?
In the wake of Liu Xiang's tragic tumble Tuesday, the Chinese hurdler's rivals offered him support. The question remains: Will his sponsors follow suit? Mr. Liu, 29, has raked in millions of dollars since winning a gold medal in the 110-meter event in ...

Gu Kailai, China's 'Jackie Kennedy'
Gu Kailai is accused of murdering British businessman Neil Heywood; She's married to Bo Xilai, once seen as a rising star of Chinese politics; Heywood was found dead in a Chongqing hotel room last November; Scandal has created turmoil at top of Chinese ...


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