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Indications Stock futures slide rattled by Fed China data
MADRID (MarketWatch) -- U.S. stock market futures fell sharply early Thursday, as fears over a tapering of the Federal Reserve's bond-buying program continued to play out. Those worries and weak China data led to heavy losses for global stocks, with Japan equities suffering their biggest one-day loss in more than two ...
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HSBC China manufacturing shrinks
Beijing - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...
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China continues Diaoyu Islands patrols
Chinese marine surveillance ships continued to conduct regular patrols of the territorial waters surrounding the Diaoyu Islands on Thursday, the State Oceanic Administration said.A fleet consisting of the Haijian 66, Haijian 46 and Haijian 26 carried out the mission, according to a statement on the administration's website."Haijian" is the Chinese equivalent of "marine ...
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Chinas continuing progress the biggest fact in Asias success Singaporean PM
Visiting Singaporean Prime Minister Lee Hsien Loong said here Thursday that Asia has successfully recovered from depression and faster than expected with China's continuing progress, the biggest fact of Asia's success.Lee made the remark in a keynote speech during the 19th International Conference on the Future of Asia, adding Asia's global role has grown and the region is ...
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RPT-UPDATE 1-Chinas Lenovo buys and diversifies to outshine PC rivals
Thu May 23, 2013 5:12am EDT * Q4 net nearly doubles, fastest pace in seven quarters * Lenovo No.2 in China in smartphones and media tablets By Lee Chyen Yee and Umesh Desai HONG KONG, May 23 (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take ...
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China Pakistan boost marine cooperation
/enpproperty--> China and Pakistan signed a memorandum of understanding for cooperation in marine science and technology. The memorandum was signed between Pakistan's Ministry of Science and Technology and China's ocean watchdog on Wednesday, the State Oceanic Administration said. The memorandum covers, among others, marine research and investigation, climate change, marine energy ...
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Festival shows Beijings flower power
/enpproperty--> The Beijing Rose Cultural Festival kicked off on Thursday. Boasting thousands of varieties, the exhibition -- in the capital's Botanical Gardens, Taoranting Park and Tiantan Park -- will last until June 28. "The festival will further promote the city's appeal and boost the flower industry," said Wang Genhai, deputy director of the forestry and landscape ...
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Air China to upgrade surfing services
/enpproperty--> An upgrade will see Air China passengers surfing faster in the sky with improved phone facilities. The Beijing-based carrier plans to introduce the improvements in its entire Airbus A330 fleet within the year. The nation's biggest carrier, by market value, carried out successful tests during flights between Beijing and Shanghai recently, the Shanghai Morning Post ...
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2 mini-spider species found in southwest China
Two new minute spider species with oversized rumps have been discovered in southwest China, according to a new study published in the open access journal ...
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Chinas Li effusive in praise of Pakistan but not everyone buys it
ISLAMABAD (Reuters) - Chinese Premier Li Keqiang praised the Sino-Pakistan relationship to the hilt on Thursday, urging the "all-weather friends" to boost cooperation in business, trade, energy and infrastructure and build a long-vaunted economic ...
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WRAPUP 1-Asian markets sell off on Bernanke remarks China PMI
Thu May 23, 2013 5:07am EDT * Asian shares down after China HSBC flash PMI, credit spreads wider * Nikkei plunges 7 percent, 11th worst daily drop * JGBs bounce after 10-year JGB yield hits year highs * Korean won worst hit as dollar rises broadly By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in ...
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China factory activity falls
Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ...
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Japan stocks plunge on weak China data
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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China factory activity contracts in May
Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ...
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EUROPE MARKETS Europe Stocks Slide After China Data Fed Comments
LONDON – European stock markets opened with sharp losses on Thursday, after disappointing data from China and comments from the U.S. Federal Reserve about tapering its stimulus program stoked worries about slower global growth and less liquidity.The Stoxx Europe 600 index slumped 1.5% to 305.96, retreating after closing at the highest level since June 2008, reached on Wednesday.Banks ...
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India must accept China Pakistans friendship
India "must accept" this "enviable friendship" as Beijing cannot scale down its ties with Islamabad merely because of New Delhi's feelings, an official daily here said on Thursday. The high-profile welcome received by Chinese ...
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PRECIOUS-Gold rebounds from losses as China data pummels stocks
* Gold reverses losses but still near two-year low of $1,321.35 * Fed needs to see more from economy before scaling back bond-buying -Bernanke * China PMI shrinks for first time in 7 months (Recasts, updates price) By A. Ananthalakshmi SINGAPORE, May 23 (Reuters) - Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending ...
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Chinas premier Li Keqiang in Islamabad
By Syed Fazl-e-Haider KARACHI - Pakistan and China on Wednesday agreed to jointly work on an economic corridor for enhanced connectivity, with the two countries signing a series of agreements related to energy, technology and space during the first visit to Pakistan by China's premier Li Keqiang since he took office in March. Even so, local critics claimed Pakistan was of little ...
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COMMODITIES-Metals oil swoon on China PMI Fed fears
Thu May 23, 2013 4:37am EDT * Copper falls as much as 3 pct, oil down for third day * China PMI shrinks for first time in 7 months-HSBC * Bernanke comments suggest U.S. stimulus may be cut soon By Manolo Serapio Jr SINGAPORE, May 23 (Reuters) - Copper fell 3 percent and oil dropped for a third day on Thursday after a factory survey suggested China's economic recovery has stalled and Federal ...
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RPT-Fitch affirms Chinas Franshion at BBB- outlook stable
Thu May 23, 2013 4:12am EDT (Repeat for additional subscribers) May 23 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed China-based Franshion Properties (China) Limited's (Franshion) Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. The agency has also affirmed the company's senior unsecured rating at ...
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Oil falls below $94 as China manufacturing weakens
BANGKOK -; The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is ...
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China manufacturing contracted in May
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's number two economy is slowing. HSBC said today the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scale. Ang figure below 50 show a contraction. "The cooling manufacturing activities in ...
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China and Japan Show Signs of Economic Stress
HONG KONG ...
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Hong Kong shares post worst loss in 7 weeks on China slowdown fears
HONG KONG | Thu May 23, 2013 4:07am EDT HONG KONG May 23 (Reuters) - Hong Kong shares suffered their worst daily loss in seven weeks on Thursday after a preliminary private survey suggested manufacturing activity in China contracted in May for the first time since October. The Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top ...
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China Railway Corp debuts bond issuances
China Railway Corporation, a spin-off of the former Ministry of Railways (MOR), on Thursday floated the first batch of bonds to fund its railway construction and buy trains.The company issued 20 billion yuan ($3.23 billion) in 5-year bonds through auction on Thursday, marking the company's first bond issuance since its establishment in mid-March.It will use the proceeds to finance its ...
Beijing Feature
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Massive Beijing Subway expansion plans
The Beijing Subway is one of the biggest, most efficient and most used subways in the world. It is constantly undergoing expansion and upgrades, and yet is unable to keep up with the growth of the capital city. With the recently announced plans for the expansion of the subway by over 60%, the city will certainly be hard-pushed to meet the massive task.
The Beijing Subway is one of the largest in the world. It carries over 5 million people every day, and hundreds of trains run on 228kms of track and service 147 stations. It is a feat of engineering, planning and coordination every single day. It is a network that Beijing commuters should be proud of, it represents the forward-thinking and development of the city. Read more
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