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China banks slow to join LME as members - board exec
By Polly Yam HONG KONG, June 20 | Thu Jun 20, 2013 7:40am EDT HONG KONG, June 20 (Reuters) - The London Metal Exchange (LME) is trying to attract Chinese banks as members but has so far succeeded in drawing only one mainland financial institution to the world's biggest metals marketplace, a board member said. LME, which was bought in December by Hong Kong Exchanges and Clearing ...
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Beckham stampede injures seven in Shanghai
Fans eager to see football superstar David Beckham have stormed a police cordon in a stampede at a Shanghai university that injured seven people including five security personnel.Three police officers, two university security guards and two students - including a Japanese student - were injured on Thursday, Shanghai police said on its official microblog.Nearly 1000 fans had gathered at a stadium ...
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Video Why the prognosis for Chinas economy isnt good
A preliminary survey shows further contraction in China's manufacturing sector, adding to signs the world's number two economy is losing steam. Can its leaders ensure the slowdown remains ...
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Asian stocks tumble on Fed easing China PMI
Asian stocks received a double blow on Thursday, falling the most in almost two years, after the U.S. Federal Reserve Chairman Ben Bernanke hinted that asset-purchases could end later this year if the economy continues to improve while China’s PMI ...
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Top Chinese legislator meets Vietnamese president
Top Chinese legislator Zhang Dejiang met here Thursday afternoon with Vietnamese President Truong Tan Sang.During the meeting, Zhang, chairman of the Standing Committee of the National People's Congress (NPC), said the important consensus reached between Chinese President Xi Jinping and Sang has added fresh impetus to the long-term development of China-Vietnam relations.Xi and Sang held ...
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China strongly condemns UN office bombing FM spokeswoman
A Foreign Ministry spokeswoman said Thursday that China strongly condemns a Wednesday suicide bombing that killed 22 people including UN employees in Mogadishu, Somalia."China strongly condemns the attack that targeted the UN and its staff," spokeswoman Hua Chunying said at a regular press conference.She also extended condolences to the victims and sympathy for their ...
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Spanish foreign minister to visit China
Spanish Foreign Minister Jose Manuel Garcia-Margallo will pay an official visit to China from June 24 to 28, a spokesperson for China's Foreign Ministry announced Thursday.Garcia-Margallo is making the visit at the invitation of his Chinese counterpart Wang Yi, spokeswoman Hua Chunying told a daily news ...
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Chinese VP to address World Peace Forum 2013
Chinese Vice President Li Yuanchao will address the second annual World Peace Forum at Tsinghua University on June 27, a Foreign Ministry spokeswoman announced Thursday.Spokeswoman Hua Chunying told a daily press briefing that Sierra Leonean President Ernest Bai Koroma, Surinamese President Desi Bouterse, Secretary General of the Shanghai Cooperation Organization Dmitry Mezentsev and several ...
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Hong Kongs inflation slows to 3.9 pct in May
Hong Kong's Consumer Price Index (CPI) fell to 3.9 percent year-on-year in May from 4.0 percent in April, mainly due to the smaller rise in the prices for fresh vegetables, the city's statistics department said here on Thursday.Netting out the effects of the government's one-off relief measures, the year-on-year CPI in May was 3.8 percent, compared to 3.9 percent in April.Amongst ...
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Stigma of single moms in China
Being a single mother in China often means being shunned by traditionalists. Even today it is a difficult role in a society where marriage is considered the ultimate role for a ...
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Qualcomm targets China emerging markets with new low-end Snapdragon chips
IDG News Service - Chip maker Qualcomm is introducing six new processors meant for entry-level phones in China and emerging markets. The processors are part of Qualcomm's Snapdragon 200 class, a chip line that offers support for lower-end specs compared to the company's Snapdragon 400, 600 and 800 chip series, the company said Thursday. The six new processors lack support for 4G LTE, ...
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HSBC lowers China GDP forecast to 7.4
HSBC lowered its China GDP forecast from 8.2 percent to 7.4 percent for this year as the new leadership's preference for reform over stimulus to sustain growth may have a limited impact in the short ...
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Chinese astronauts float water blob in lecture for kids
Astronauts struck floating martial arts poses, twirled gyroscopes and manipulated wobbling globes of water during a lecture on Thursday from China's orbiting space station that's part of efforts to popularise the space program among young people.Wang Yaping demonstrated principles of weightlessness and took questions live from among the 330 grade school kids gathered at a Beijing ...
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Im a lecher not a crook China official
CALL me a lecher but don't call me a crook, an ex-city official at the heart of a Chinese sex tape scandal has said in his unusually spirited courtroom defence against corruption ...
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China liquidity squeeze intensifies with some easing late in the day
It was a perfect storm for Asian markets today, with news of the Fed's FOMC statement on QE3 tapering, a negative lead from Wall Street, and a weaker-than-expected Flash HSBC PMI reading for China (see below) conspiring to send share prices and currencies sharply lower. The most notable currency moves were the AUD, which depreciated by -1.2% to 0.92 against the USD (its lowest since ...
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Gold Silver Equities Bonds Plunge On Fed Noise And China Debt Crisis Risk
Today's AM fix was USD 1,303.25, EUR 986.34 and GBP 842.38 per ounce. Yesterday's AM fix was USD 1,366.00, EUR 1,019.86 and GBP 874.91 per ounce.Gold fell $16.10 or 1.18% yesterday and closed at $1,351.00/oz. Silver sank to $21.25 and ended down 1.25%.Bonds, shares plus gold and silver fell sharply around the world this morning after the U.S. Federal Reserve again suggested an end to ...
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Astronauts teach Chinese schoolchildren in live link from space – video
A group of 330 school students in Beijing receive a live lecture from three Chinese astronauts in space. The scientists aboard the Shenzhen 10 aircraft teach the children about the properties of gravity while orbiting 340km above Earth. The 15-day mission is China's fifth manned space mission since ...
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China euro zone threaten U.S.-led economic recovery
LONDON (Reuters) - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten a global recovery led by the United ...
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Beijings Pollution Alarms Neighbors
Severe air pollution on Jan. 12 in Beijing, China. Air quality index levels were classed as "Beyond Index." (Photo: Hung Chung Chih, ...
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China considers pipeline for shale gas
A pipeline slated to carry natural gas reserves from Chinese shale deposits would be the first project of its kind in the country, a Chinese company said. China National Petroleum Corp. announced plans to construct a 57-mile pipeline that would tie shale natural gas deposits in Sichuan province to an existing pipeline in neighboring Yunnan province. It would be the first such pipeline of its ...
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GLOBAL MARKETS-End to Fed stimulus China slowdown spark world sell-off
Thu Jun 20, 2013 6:54am EDT * Clear signal of Fed tapering sparks global asset selloff * MSCI World drops 1.9 pct in biggest 1-day fall for 12 months * Weak China data added to global growth concerns * Oil, gold, copper slump as dollar gains By Richard Hubbard LONDON, June 20 (Reuters) - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy ...
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RPT-WRAPUP 2-Asian markets hammered on China fears Fed exit plan
Thu Jun 20, 2013 6:33am EDT (Repeats to more subscribers) * Fed stimulus end, China weakness fuel broad-based selling * MSCI Asia ex-Japan slides 3.9 pct in biggest drop since 2011 * HSBC China "flash" PMI surprisingly weak, PBOC still tight * Asian currencies take a bath, Indian rupee at record low * U.S. Treasury yields hit 15-mth high, underpin US dollar (Updates with latest prices, ...
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COMMODITIES-Bruised by bleak China data Fed policy plan
Thu Jun 20, 2013 6:32am EDT * Gold plunges to lowest in 33 months * Oil slips more than $2, biggest daily drop in more than a month * China June flash HSBC PMI hits 9-month low * Coming up: U.S. existing home sales May; 1400 GMT By Lewa Pardomuan SINGAPORE, June 20 (Reuters) - Commodities fell sharply on Thursday as further evidence of slowing growth in economic powerhouse China added to a ...
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U.S. says Russia China among worst in human trafficking
An annual U.S. State Department report on Wednesday cited Russia and China among the world’s worst offenders in fighting forced labor and sex trafficking, which could lead to U.S. sanctions, prompting angry rebuttals from Moscow and Beijing. The report said Russia had failed to provide systematic safeguards for victims of trafficking. China, it said, had done too little to outlaw all ...
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Seven hurt in China stampede at Beckham event
SHANGHAI (AFP) - Seven people were hurt in a stampede Thursday as hundreds of fans rushed to see football superstar David Beckham at an event in China's commercial hub Shanghai, police and local media said.Beckham, who was visiting Shanghai in his role as ambassador to the troubled Chinese Super League (CSL), expressed hope that the injured would recover quickly after the event had to be ...
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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