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China News 10/2012 (Page 10)



Emerging Stocks Rise to One-Month High on China Outlook
Emerging-market stocks rose, sending the benchmark index to its highest level in a month, on speculation China's economy is stabilizing and as Moody's Investors Service retained Spain's investment-grade rating. Cosco Pacific Ltd. (1199), which gets ...

Jim Grant Questions KFC's China Strut
What is it exactly about high finance's love-hate relationship with lowbrow dining, namely Yum! Brands (YUM), the parent of KFC, Taco Bell, and Pizza Hut? Early this month, hedgie David Einhorn cited Taco Bell's up market march to the sea as reason to ...

EMERGING MARKETS-Latam stocks rise on China's growth confidence
China Premier Wen confident of reaching growth target * U.S. homebuilding starts hit fastest pace in four years * Brazil Bovespa gains 0.59 pct; Mexico IPC up 0.28 pct By Asher Levine SAO PAULO, Oct 17 (Reuters) - Latin American stocks gained on ...

Exclusive: White House review finds no evidence of spying by Huawei - sources
Laser speed sensor promises safer flights. Australian engineers, motivated by the 2009 crash of Air France Flight 447, have come up with a laser speed sensor system for aircrafts that they say will reduce the possibility of similar disasters. Video ...

Asian shares rise after US data, China GDP
TOKYO (Reuters) - Asian shares struck a seven-month high on Thursday as a slew of Chinese data pointed to stabilization in the world's second largest economy, and positive U.S. housing data helped ease worries about a sharper slowdown in global growth ...

Brent crude steady above $113 as China GDP meets expectations
SINGAPORE (Reuters) - Brent futures held above $113 on Thursday, buoyed by hopes for steady growth in demand after China, the world's second-biggest oil consumer, posted growth that met expectations, and simmering tension in the Middle East provided ...

COLUMN-China GDP points to steadier commodity demand: Clyde Russell
--Clyde Russell is a Reuters market analyst. The views expressed are his own.--. By Clyde Russell. LAUNCESTON, Australia, Oct 18 (Reuters) - It's probably not going to be too hard to find bearish analysis of China's economic growth data, but much of ...

China Shows Pickup Signs After Seven-Quarter Slowdown: Economy
China's industrial production, retail sales and fixed-asset investment accelerated in September, reducing the urgency for added stimulus to support the economy after a seven-quarter slowdown. Gross domestic product expanded 7.4 percent in the third ...

UPDATE 2-China Sept home prices flat on month, investment slows
China Sept home prices -1.3 pct on year, flat on month. * Home prices rise in 31 of 70 cities in Sept vs 35 in Aug. * Jan-Sept property investment +15.4 pct vs +15.6 pct in Jan-Aug. * Sept property sales revenues +4.9 pct, down from +20.4 pct in Aug ...

China Life warns on profits, shares slide
HONG KONG/SHANGHAI (Reuters) - China Life, (2628.HK) the world's largest insurer by market value, issued a profit warning that signalled its first quarterly loss since 2008 and sent its Hong Kong-listed shares down as much as 4 percent, as weak ...

Lenovo Sees Global PC Slowdown as Reason to Sell Smartphones
Lenovo Sees Global PC Slowdown as Reason to Go Into Smartphones. Lenovo, founded in 1984 with the equivalent of $25,000, has swelled to become a manufacturer valued at $8.4 billion, helped by takeovers including International Business Machines ...

Huntsman, Former US Ambassador, Says China Denied Him Entry
HONG KONG — China was at the center of one of the harshest exchanges during the U.S. presidential debate on Tuesday night, with President Obama and Mitt Romney both flashing their tough-on-Beijing credentials. But the politician who really knows ...

Chinese data supports shares but gains capped by Europe
LONDON (Reuters) - European shares hovered near a one-month high and Asian stocks jumped on Thursday, as a slew of Chinese data brightened the outlook for the world economy. The more stable growth figures for China, coupled with recent good news ...

Emerging Stocks Rise to Month High on China Pickup
Emerging-market stocks rose, driving the benchmark index to the highest level in a month, as Chinese data signaled growth in the world's second-biggest economy picked up in September. Sany Heavy Equipment International Holdings Co., a Chinese ...

CANADA FX DEBT-C$ dips after US jobless data; China growth eyed
C$ at C$0.$0.9815 vs US$, or $1.0188 * U.S. jobless claims weigh * Signs of China rebound help lift sentiment * Focus turning to Tuesday's Bank of Canada announcement By Alastair Sharp TORONTO, Oct 18 (Reuters) - The Canadian dollar slipped against ...

UPDATE 2-Hawker Beechcraft says talks with Chinese suitor fail
May close jet business if no satisfactory bids received. * Expects to emerge from bankruptcy in first quarter of 2013. * To focus on turboprop, piston, special mission, trainer/attack planes. Oct 18 (Reuters) - Aircraft maker Hawker Beechcraft Inc said ...

China's economic slump may be over
The world's second-largest economy grew 7.4 percent from the year before in the three months ending in September, data showed Thursday. That was slower than the second quarter's 7.6 percent growth but the decline was much gentler than in earlier ...

METALS-Copper slips from one-week high on firmer dollar
Dollar firms, U.S. leading indicators rebound in Sept * China Q3 GDP up 7.4 pct on year, in line with Reuters poll * No pick-up in Chinese spot copper demand * Large amounts of fresh cancelled aluminium inventories (Adds details, quotes; updates prices ...

Beijing-Based Builder Buys Lot in First for a China Firm
A Beijing-based developer took control of a lot slated for more than 200 units of housing near New York's Brooklyn waterfront, a deal the company says is the first of its kind by a Chinese firm in the U.S.. Xinyuan Real Estate Co. (XIN) last month ...

MGM Resorts' Macau unit gets land deal for new $2.5B casino in world's top ...
MGM Resorts' Macau unit gets land deal for new $2.5B casino in world's top ...

Apple unveils new store in China, with more to come
Apple is amping up its retail presence in China. In a media preview today attended by an editor from The Next Web, Apple Senior Vice President John Browett touted a new store slated to open its doors in Beijing. Taking up three stories, the store will ...

Bidding war for bankrupt A123 looming as Wanxiang Group of China continues ...
Bidding war for bankrupt A123 looming as Wanxiang Group of China continues ...

China Foreign Investment Drops Amid Slowing Economic Growth
Foreign direct investment in China fell for the 10th time in 11 months, as companies reined in spending amid a slowdown in the world's second-biggest economy. Investment fell 6.8 percent from a year earlier to $8.43 billion, the Ministry of Commerce ...

India morning call-Global markets
----------------(8:30 a.m India Time)----------------------- Stock Markets DJIA 13,548.94 -8.06 Nikkei 8,970.56 -12.30 NASDAQ 3,072.87 -31.26 FTSE 5,917.05 +6.14 S&P 500 1,456.73 -4.18 Hang Seng 21,518.71 +37.70 SPI 200 Fut 4,544.00 -6.00 CRB Index ...

China January-September FDI slips as officials warn on trade
BEIJING (Reuters) - China's foreign direct investment inflows fell 3.8 percent in the first nine months of 2012 from a year ago, extending the longest run of declines since the depths of the global financial crisis as stiff economic headwinds dent ...

Tesco Stumbles With Wal-Mart as China Shoppers Buy Local
Tesco Plc (TSCO) this week is trying to lure Chinese shoppers with promotions on soy sauce, cooking oil and apples. Emily Zhang still won't do much of her shopping there. The 30-year-old Shanghai resident buys most of her produce at an informal market ...

UPDATE 5-WTO hands Obama victory in US-China steel case
Panel rejects Chinese duties on specialty steel product. * Unclear when China will comply with WTO ruling. * Case seen as small, but politically significant. By Tom Miles and Rachelle Younglai. GENEVA/WASHINGTON Oct 18 (Reuters) - The World Trade ...

China to test driverless cars in 2013
China plans to starting testing driverless cars by sending these unmanned vehicles from Beijing to neighboring city Tianjin in 2013. Xinhua reported Thursday the distance between Beijing and Tianjin spans 120 kilometers (km), and the driverless cars ...

Vital Task for China's Next Leaders: Fix Environmental Protection
By Stanley Lubman. With China's once-a-decade leadership transition scheduled to get underway in roughly three weeks, pundits and scholars inside China and out have been debating whether the next generation of leaders has what it takes to pursue the ...

How safe is our man in Beijing?
In the Loop tracks who's up and who's down in government circles, the arduous “fact-finding trips” officials must take to Rio, Paris and Rome at taxpayer expense, and looks at the quirkier corners of political life in the federal city. » More Al Kamen ...


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