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China News 10/2012 (Page 14)



Cnooc Plannikng on Nexen Approval as Output Falls Short
Cnooc Ltd. (883), China's biggest offshore energy explorer, said it's planning on getting approval for its $15.1 billion bid for Canada's Nexen Inc. (NXY), even after Canada last week blocked a takeover bid for another oil company. Cnooc expects the ...

METALS-Copper falls on dollar, euro zone concerns
China HSBC flash PMI hits 3-month high * Market awaits U.S. FOMC policy statement at 1815 GMT * More debate likely by Fed, no decision on policy triggers By Maytaal Angel LONDON, Oct 24 (Reuters) - Copper closed near six-week lows on Wednesday as ...

Markets recover as China hopes offset Europe gloom
LONDON (AP) — Financial markets edged higher Wednesday, recovering from a heavy sell-off the day before and as upbeat economic indicators from China offset the impact of dire ones from Europe. A key survey of Chinese manufacturing activity, the ...

House report on Huawei shows lack of trust in China
THE HOUSE PERMANENT Select Subcommittee on Intelligence issued a report Oct. 8 that was quite unusual. The chairman, Mike Rogers (R-Mich.), and ranking minority member, C.A. Dutch Ruppersberger (D-Md.), declared that two Chinese ...

Spies and Co.
SUDDENLY, Washington is extremely concerned about Chinese espionage. Last month, the White House blocked a Chinese company from operating a wind farm near a sensitive Navy base in Oregon. Next, the House Intelligence Committee said two ...

Promoting renewable energy, China ends moratorium on new nuke plants set ...
Promoting renewable energy, China ends moratorium on new nuke plants set ...

India Morning Call-Global markets
(Updates prices) -----------------------(08:33 / 0303 GMT)----------------------- Stock Markets S&P/ASX 200 4,483.00 -9.00 NZSX 50 3,989.57 -11.87 DJIA 13,077.07 +25.23 Nikkei 9,007.88 +53.58 NASDAQ 2,983.08 -7.46 FTSE 5,804.78 +6.87 S&P 500 1,408.42 ...

China Silver Demand to Advance to Record on Wealth Protection
Silver demand in China, the world's second-largest user, may jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co. Consumption may climb to as much as 7,700 ...

Galaxy Quarterly Profit Rises 46% on Chinese Casino Spending
Galaxy Entertainment Group Ltd. (27), the casino operator founded by billionaire Lui Che-Woo, posted a 46 percent gain in third-quarter profit as Chinese gamblers spent more at the resort it set up last year. The stock surged. Adjusted earnings before ...

Japan says China renews naval activity near disputed isles, reports spike in ...
Japan says China renews naval activity near disputed isles, reports spike in ...

China Aluminum Stockpiles Seen at Two-Year High on Supply Glut
Aluminum stockpiles in the main trading regions in China have climbed to the highest level in two years as growth in supply outpaces demand in the world's largest user, according to two industry surveys. Reserves in Shanghai, Wuxi and Hangzhou, and in ...

China factories eye stronger fourth quarter, external risks remain
BEIJING (Reuters) - China's factory output should grow faster in the last three months of 2012 than in the third quarter, though the recovery remains clouded by uncertainty in export markets, the Ministry of Industry and Information Technology said on ...

Hyundai Profit Surpasses Estimates on China, i10 Minicar
Hyundai Motor Co. (005380), South Korea's largest carmaker, reported profit that exceeded analysts' estimates as it benefited from anti-Japan protests in China and the i10 minicar helped the company buck the slump in Europe. Third-quarter net income ...

China Passes Over Bo Allies in Military Shake-Up
BEIJING—China announced the promotion of four more generals to key military posts Thursday, indicating that its leadership had nearly completed a generational shake-up of the military top brass ahead of a once-a-decade Communist Party leadership ...

China's foreign press office falls victim to hackers
China is often the target of complaints from around the world about computer hacking. But on Thursday, the government's foreign press office may have been the victim. When foreign journalists in Beijing glanced at a text sent by International Press ...

Debate views from abroad focus mainly on Middle East
Italian nativity scenes designer Genny Di Virgilio puts the final touches on Romney/Obama statuettes. (Photo: Salvatore Laporta, AP). 11:41AM EDT October 25. 2012 - The Economist, Great Britain, blog: "For anyone wondering why Mitt Romney avoided ...

Bank of China's Net Rises
SHANGHAI—Bank of China Ltd. on Thursday reported a better-than-expected rise in third-quarter net profit, although the increase was much slower than when state-owned lenders had a virtual monopoly of the banking sector. The profit report kicked off an ...

GRAINS-Decline on tepid export sales; demand concerns
Tepid exports lead to concerns about demand destruction * November options expiration Friday skews trade * Support fades from Ukraine export ban announcement * Signs of waning U.S. meat production * South American weather eyed (Updates prices, ...

UPDATE 4-Potash profit falls 22 pct on standoff with China,India
Earnings come in just below analysts' estimates. * Earnings per share for 2012 seen at $2.40 to $2.60. * Weaker fourth-quarter view seen, but shares steady. By Rod Nickel. Oct 25 (Reuters) - Potash Corp of Saskatchewan's third-quarter earnings fell 22 ...

METALS-Copper flat as US, China data offset strong dollar
Stronger buying interest not seen until next year * EU recession might be deeper than expected * U.S. weekly jobless claims fall by 23,000 By Silvia Antonioli and Harpreet Bhal LONDON, Oct 25 (Reuters) - Copper steadied on Thursday as a commitment by ...

Australia facing a hard landing: Andy Xie
By Andy Xie. BEIJING ( Caixin Online ) — Mining has been a boom-bust industry throughout its history. The reason is the long development process of a mining asset. When demand pushes up prices for minerals, supplies take time to respond. Hence, prices ...

Bottoms up: China booze makers defy economic gloom
SHANGHAI (Reuters) - China's high-end liquor companies raised prices in a faltering economy and faced a Beijing clampdown on drinking their pricey booze at banquets, yet still managed to turn in strong quarterly profits. Kweichow Moutai Co Ltd, China's ...

China's censors move with unusual speed on Wen Jiabao revelation
It was about 5 in the morning in Beijing when the New York Times revealed, in a story posted to its website, that the family of Prime Minister Wen Jiabao has amassed “assets worth at least $2.7 billion.” Whether deliberate or not, the timing could have ...

China formally expels Bo Xilai from top legislature, ending immunity from ...
China formally expels Bo Xilai from top legislature, ending immunity from ...

Asian Stocks Decline, Poised to Erase Monthly Advance
Asian stocks fell, with the regional index poised to erase this month's gains, as companies including Fanuc (6954) Corp. and China Unicom (Hong Kong) Ltd. reported earnings that missed forecasts. Yamaha Corp. (7951), a musical instruments maker, fell 7 ...

Yuan Again Hits Upper Limit
SHANGHAI—China's yuan hit the upper limit of its daily trading band against the U.S. dollar for the second consecutive day Friday as investors continued to push up the currency amid resurgent global demand for emerging-market assets and renewed ...

Chinese premier's family has massive wealth: NYT report
(Reuters) - The family of Chinese Premier Wen Jiabao, a leader known for his humble roots and compassion for ordinary Chinese, has accumulated massive wealth during his time in power, the New York Times reported on Friday. "A review of corporate and ...

Bo Expelled from Chinese Parliament
BEIJING — Disgraced Chinese politician Bo Xilai was formally expelled from China's legislature on Friday, clearing the way for possible criminal and corruption charges to be brought against the former rising political star. By stripping Bo of his ...

China Passes First Mental Health Law
China adopted the nation's first mental health law to protect the rights of the mentally ill on Friday, a move that human rights activists say is a step forward for the country but may fall short of halting its use of psychiatric facilities to silence ...

The Morning Plum: Romney's false scare story in Ohio
This created a stir last night on Twitter that has subsided. But it wouldn't be surprising if the Obama campaign seizes on it in coming days to close out its argument in Ohio. From the Detroit News: Republican presidential hopeful Mitt Romney told a ...


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