Hong Kong shares post worst loss in 7 weeks on China slowdown fears

Reuters - Thursday 23rd May, 2013

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 ...

China Railway Corp debuts bond issuances

Global Times - Thursday 23rd May, 2013

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 ...

Swiss president says Swiss-China relations marked by mutual trust dynamism

Global Times - Thursday 23rd May, 2013

The relations between China and Switzerland are marked by mutual trust and dynamism, Swiss President Ueli Maurer told Xinhua in a written interview ahead of Chinese premier Li Keqiang's visit to his country. Switzerland-China relations enjoy smooth development in various forms, Maurer said. Switzerland is one of the first Western countries to set up joint ventures in China and recognize ...

China market Online gaming revenues over CNY 12 billion in 1Q13 says Analysys

Digitimes - Thursday 23rd May, 2013

Online gaming operators in the China market generated revenues of CNY12.788 billion (US$2.05 billion) during first-quarter 2013, increasing 4.4% sequentially and 13.5% on year, according to Analysys ...

Chinas crude stockpile rises to 3-month high

China Daily - Thursday 23rd May, 2013

/enpproperty--> China's commercial crude stockpiles rose in April to the highest level in three months, and diesel supplies dropped after the nation curbed refining. China Oil, Gas & Petrochemicals, a newsletter published by Xinhua News Agency, reported on Wednesday that crude inventories, excluding emergency reserves, climbed 0.14 percent from a month earlier. Stockpiles ...

Exotic ethnic dining in Beijing

China.org.cn - Thursday 23rd May, 2013

Beijing is where the world and her dining companions meet, and good chefs from all over the country congregate. Right now, the flavors are fresh, and the menu is blooming literally. Ye Jun tells us ...

Yarlung Zangbo Grand Canyon in Chinas Tibet

China.org.cn - Thursday 23rd May, 2013

The Yarlung Zangbo Grand Canyon is one of the deepest and longest canyons in the world. The Yarlung Zangpo River starts at Mount Kailash before reaching the juncture of Mainling and Medog counties, where it swerves around towering Namjagbarwa, the highest peak in the eastern section of the Himalayas, carving a U-shaped gorge. The canyon is home to many animals and plants barely explored and ...

Market Buzz Stocks down on Fed news China’s flash PMI indicates contraction

RT - Thursday 23rd May, 2013

Russian economy Russian stocks started Thursday in the red following news yesterday from the US that the Fed has not yet come to a consensus on ending its stimulus program. Weak Chinese PMI data also contributed to the decline. On Wednesday, Russian stocks ended the trading session with significant gains after Federal Reserve Chair Ben Bernanke's testimony. By the end of the day on May ...

Europe stocks slump after China data Fed comments

Market Watch - Thursday 23rd May, 2013

manufacturing activity unexpectedly contracted in May, stoking worries of an economic slowdown in the country's economy. Additionally, investors worried the U.S. Federal Reserve will soon reduce its asset-purchase program, after minutes from the latest policy meeting and comments from Chairman Ben Bernanke suggested the bank will begin tapering its easing program in coming months. The Stoxx ...

Nawaz Sharif seeks civil-nuclear technology from China

Times of India - Thursday 23rd May, 2013

Prime Minister-designate Nawaz Sharif on Thursday sought civil nuclear technology to overcome Pakistan's energy crisis during a meeting with Chinese Premier Li ...

Seoul shares drop 1.2 pct Nikkei China PMI spark investor jitters

Reuters - Thursday 23rd May, 2013

Thu May 23, 2013 3:28am EDT * Chinese PMI, Nikkei tumble spark investor worries * Telcos find favour as investors seek high-dividend issues * Crude oil, chemicals issues lead falls SEOUL, May 23 (Reuters) - South Korean shares dropped 1.2 percent on Thursday after a slide in Japanese stocks and weak Chinese factory data hit investor sentiment, with chemical makers and energy-linked shares ...

India to issue plans to counter China

SINA - Thursday 23rd May, 2013

Bikram Singh Indian Army Chief General Bikram Singh presented to Indian Prime Minister and senior cabinet ministers Thursday tougher options that India has to handle the border stand-off with China. A third flag meeting between the two sides Wednesday failed to break the deadlock, according to an Indian news agency. The agency said General Singh suggested to the Cabinet Committee on Security ...

UPDATE 2-Brent slips below $102 on gloomy China data stimulus doubts

Reuters - Thursday 23rd May, 2013

Thu May 23, 2013 3:19am EDT * Weak PMI casts doubt on China recovery, oil demand * Dollar at 3-yr high, QE3 uncertainties also weigh * Coming up: euro zone PMI at 0758 GMT (Recasts, updates prices) By Ramya Venugopal CHENNAI, India, May 23 (Reuters) - Brent crude futures shed a dollar on Thursday to trade below $102 a barrel in a broad-based commodities sell-off, as data cast doubt on recovery ...

FTSE sinks on China data U.S. stimulus concern

Reuters - Thursday 23rd May, 2013

LONDON | Thu May 23, 2013 3:16am EDT LONDON May 23 (Reuters) - Britain's top shares fell sharply on Thursday as weak Chinese economic data and worry the U.S. Federal Reserve could soon taper its stimulus programme led to profit-taking on an index that was trading at 13-year highs. Mining stocks sank after HSBC's preliminary survey of purchasing managers showed factory activity ...

Shanghai shares have worst day in a month as China flash PMI disapoints

Reuters - Thursday 23rd May, 2013

HONG KONG | Thu May 23, 2013 3:06am EDT HONG KONG May 23 (Reuters) - Shanghai shares posted their worst loss in a month on Thursday, falling along with other Asian stock markets after a private survey suggested manufacturing activity in China contracted in May for the first time since October. The Shanghai Composite Index shed 1.2 percent in its biggest single-day decline since April ...

China offers 500 troops to UN Mali force envoys

West Australian - Thursday 23rd May, 2013

UNITED NATIONS (AFP) - China has offered to send more than 500 soldiers to the UN force seeking to contain Islamist militants in Mali in what would be its biggest contribution to UN peacekeeping, diplomats said Wednesday.The move could be a bid to overcome tensions with the West over the Syria conflict and to strengthen its relations in Africa, where it is a major buyer of oil and other ...

Tokyo stock market plummets more than 7 as China worries prompt rout

The Globe and Mail - Thursday 23rd May, 2013

A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...

New Zealands meat export to China to be resumed after document failure

Global Times - Thursday 23rd May, 2013

New Zealand meat exports that have been held up on Chinese wharves because of a name change on the export documents will be allowed to enter the Chinese market from next week, the New Zealand government announced Thursday.Primary Industries Minister Nathan Guy said the Chinese authorities had agreed to begin releasing consignments under the name of the New Zealand Food Safety ...

China to become major grain importer by 2015

China Daily - Thursday 23rd May, 2013

/enpproperty--> China, the world's largest food consumer, is expected to become a major grain importer by 2015, head of a global grain trader said in a recent industry forum. Sunny Verghese, CEO of Olam International Ltd, a Singapore-based grain trader, said because of diminishing resources of land and water, China is on the way to become a major importer of corm, wheat and rice by ...

Marine experts look to China

China Daily - Thursday 23rd May, 2013

/enpproperty--> The Norwegian shipping classification society Det Norsk Veritas announced it has set up a panel of marine engineering experts in China, as a way to tap into the country's boom in marine equipment design and manufacturing. The current leading members on the panel are marine engineering experts from Dubai, Huston and Singapore, DNV said. This move represents the ...

China growth to increase demand for office space in 2013

China Daily - Thursday 23rd May, 2013

/enpproperty--> The Knight Frank Asia-Pacific Prime Office Index rose for the twelfth successive quarter, boosted by the Chinese economy and the knock-on effects from Japan's stimulus measures, the real estate service provider said in a report. The index increased 1.7 percent in the first quarter of 2013 and 5.6 percent over the last 12 months, as the still robust economy in China is ...

China Financial Summit 2013 opens in Beijing

China Daily - Thursday 23rd May, 2013

China Financial Summit 2013 is one of the main sessions of the 16th China Beijing International High-Tech Expo, and is being held on May 23 and 24. Keynote speeches were delivered at Diaoyutai State Guesthouse. Cai Guoxiong, of the National Committee of CPPCC and vice-chairman of Beijing Municipal Committee of CPPCC, was at the ...