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China News 10/2012 (Page 5)



An Agenda for the Bretton Woods Twins
By CURTIS S. CHIN. Even before an expected 20,000 participants began gathering in Tokyo for the official start of the annual meetings of the World Bank Group and International Monetary Fund (IMF) today, the summit had already created headlines thanks ...

Global engines of growth slow as China, India and other emerging economies cool
Major developing countries such as China, India and Brazil were fast and forceful in battling the worldwide economic downturn of 2009, raising hopes that these dynamic economies would continue to serve as engines for global growth in the years that ...

Heat arrive in China for preseason games
MIAMI (AP) -- LeBron James is visiting China for the ninth time, which makes him one of the resident Miami Heat experts about the world's most populous nation. Specifically, the food choices there. ''If anyone comes back with any body fat from this ...

China economy still needs policy support : PBOC's Zhou
BEIJING (Reuters) - China will keep monetary policy flexible and pre-emptive to support activity in an economy still facing relatively big downward pressure, central bank governor Zhou Xiaochuan said. Sustaining growth and pursuing financial reform was ...

India morning call-Global markets
--------------(8:30 a.m India Time)----------------------- Stock Markets DJIA 13,583.65 -26.50 Nikkei 8,831.31 -31.99 NASDAQ 3,113.28 -22.91 FTSE 5,841.74 -29.28 S&P 500 1,456.05 -4.88 Hang Seng 21,059.66 +235.10 SPI 200 Fut 4,482.00 +3.00 CRB Index ...

Nikkei dips on earnings fears as slowdown fears persist
Softbank falls, beaten by KDDI on sales of iPhone 5 * Sharp takes a tumble after Goldman Sachs downgrade * Pharmaceuticals, real estate in demand By Sophie Knight TOKYO, Oct 9 (Reuters) - Japan's Nikkei share average dropped on Tuesday morning ...

US Investors 'In No Hurry' to Buy China Stocks, Citigroup Says
U.S. investors are “in no hurry” to buy China's stocks on concern earnings will slump further as the economy slows and policy makers refrain from adding stimulus measures, according to Citigroup Inc. (C). Only about 25 percent of the investors that ...

Top Yuan Forecasters See Dip as Dim Sum Bonds Fall: China Credit
Top Yuan Forecasters See Dip as Dim Sum Bonds Fall: China Credit. By Yumi Teso and Andrea Wong - 2012-10-08T16:01:05Z. The most-accurate forecasters for the yuan predict the currency will retreat from a 19-year high this quarter as China prevents ...

China Economy Fears 'Overblown,' Manufacturing Analyst Says
Reuters: A worker walks through an aluminium ingots depot in Wuxi, Jiangsu province September 26, 2012. China's official manufacturing managers' index (PM) may have edged up to 49.8 in September from a nine-month low of 49.2 in August, signalling that ...

Kissinger offers wise words on China
By Walter Pincus, The Washington Post. When Henry Kissinger talks about China, Mitt Romney and President Obama ought to listen — and so should the rest of us. Last Wednesday during a panel at the Woodrow Wilson Center, the 89-year-old former ...

Federal report highlights unease about Chinese firms
Federal report highlights unease about Chinese firms. JOE McDONALD, AP Business Writer Share. Comments. ZTE. A counter selling mobile phones produced by ZTE at an appliance store in Wuhan, in central China's Hubei province. (Photo: AP) ...

Would James ever leave the NBA for China?
MIAMI – When LeBron James is done as a dominant player in the NBA, don't expect an overseas encore. He'll leave that sort of move to Kobe Bryant. The Miami Heat star forward, three-time league MVP and one of the most popular athletes in the world said ...

Energy Week Ahead: Solar Industry Split as Tariffs Loom on China
Week Ahead: U.S. to Set Final Duties on Chinese Solar Imports. U.S. imports of Chinese-produced solar imports were valued at $3.1 billion in 2011, a 107 percent increase above the previous year, according to the Commerce Department. Photo: Qilai Shen/ ...

How a Downshift in China Could Hurt GM, VW and Toyota
By Joseph B. White. The Chinese auto market looks like it's slowing down, and that's not good news for big global auto makers including General Motors Co. , Volkswagen AG and Toyota Motor Corp. The WSJ's Yokio Takahashi and Chester Dawson report ...

METALS-Copper steady; growth fears offset China stimulus hopes
(Updates with official prices) * IMF says global slowdown deepens * More fine-tuning policies expected in China * Rio Tinto cuts growth forecast for China By Harpreet Bhal and Silvia Antonioli LONDON, Oct 9 (Reuters) - Copper prices steadied on Tuesday ...

Myhrvold Holds Patents in US-China Telecom War
In early 2010 a Silicon Valley data-center start-up called 3Leaf Systems was set to go belly-up. While promising, its technology had not taken off as expected, and the company's investors began asking around to see if anyone wanted to acquire its ...

Chinese Firms Take Lonely Buyout Path
As Chinese companies listed in the U.S. are battered by corporate-governance concerns and general investor wariness, a growing number are being delisted and taken private. But in more than half the cases, these moves are driven by the company's ...

China slams congressional charges against its telecom firms Huawei and ZTE
China slams congressional charges against its telecom firms Huawei and ZTE. AP - A Congressional report warns that Huawei and ZTE could use their positions as major suppliers of telecommunications equipment to help the Chinese government expand its ...

Asian Shares Down On Global Growth Outlook Concerns
--Asian stocks down on concerns over slowing economic growth worldwide. --Japan auto makers slide further as Sino-Japanese tensions hit vehicle sales in China. --Oil firms higher on crude's overnight gains. (Adds information, updates/adds market levels ...

As Romney Repeats Trade Message, Bain Maintains China Ties
As Romney Repeats Trade Message, Bain Maintains China Ties. Daniel Borris for The New York Times. In Freeport, Ill., workers have protested plans by Sensata Technologies to relocate 170 jobs to China. Bain Capital has a controlling stake in Sensata, ...

Japan Stocks Decline as Carmakers' Sales Drop in China
Oct. 10 (Bloomberg) -- Japanese stocks fell, with the Nikkei 225 Stock Average (NKY) headed for its biggest two-day loss since July, after carmakers' sales in China dropped, adding to concern a territorial dispute between the two nations is weighing on ...

Top China delegate pulls out of IMF meet amid islands row
TOKYO (Reuters) - The International Monetary Fund said on Wednesday that China's central bank governor will not lead the Chinese delegation at the IMF's semi-annual meeting this week, in what appeared to be a snub to host Japan. Zhou Xiaochuan's ...

Alcoa Cuts Global Aluminum Forecast on China Slowdown
Alcoa Cuts Global Aluminum Demand Forecast on Slowdown in China. Aluminum for delivery in three months on the London Metal Exchange declined to a 34-month low in mid-August and averaged $1,950 a metric ton in the third quarter, 20 percent less ...

Toyota-Led Slump to Slow Growth in Chinese Automobile Market
Toyota-Led Slump to Slow Growth in Chinese Automobile Market. People take pictures of a Japanese car damaged in protests in Xi'an, northwest China's Shaanxi province, on September 15, 2012. Toyota and Honda reported damage to dealerships from fire ...

US firms less optimistic, but will still invest in China: survey
WASHINGTON (Reuters) - Many U.S. companies are less optimistic about doing business in China even though sales there are still rising, and most of those firms are planning to increase investment, according to an annual survey of business executives ...

It's Official: NBA Star Tracy McGrady to Play in China
Chinese basketball fans still mourning the retirement of homegrown NBA superstar Yao Ming now have a consolation prize: the chance to watch one of Yao's most talented teammates play multiple times a week in their own time zone. Seven-time NBA All-Star ...

US Company Credit Swaps Hold at One-Week High on China Concern
A gauge of U.S. corporate credit risk held at about the highest level in a week on concern that slowing growth in China will hurt corporate profits. The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors ...

China Piped Gas Imperils $100 Billion LNG Plans
China Piped Gas Imperils $100 Billion LNG Plans: Energy Markets. The growing dependence on cheaper supplies by pipeline is threatening the viability of LNG projects planned by companies from Exxon Mobil Corp. to Woodside Petroleum Ltd. that are ...

US STOCKS-Wall St edges down as Alcoa, Chevron weigh
Alcoa beats expectations but cautions of slowdown. * Yum Brands defies China sluggish growth, raises outlook. * True Religion exploring sale, shares jump. * Indexes: Dow off 0.31 pct, S&P off 0.13 pct, Nasdaq up 0.04 pct. By Chuck Mikolajczak. NEW YORK ...

Romney's Bain advisers aided China, Russia growth
WASHINGTON (AP) — As Bain & Co. head in the early 1990s, Mitt Romney presided over the corporate strategy firm's expanding operations into China and Russia, helping their initial attempts to move into the world's free market system. Bain's expansion ...


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