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North Korea willing to take China's advice, start talks
ReutersBEIJING (Reuters) - North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest...Tags: Politics, Kim Jong Il, China, North Korea, Communist Party of China
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GLOBAL ECONOMY-Warning signs for China, Fed hints at curbing stimulus
Reuters* Chinese factory activity declines in May -PMI * Data and comments from Bernanke send shares plummeting * Euro zone downturn eases slightly * Recovery still looks a way off By Andy Bruce LONDON, May 23 (Reuters) - Chinese factory activity shrank...Tags: Federal Reserve, China, Nikkei, HSBC Holdings plc, Market and Exchange
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Yuan down slightly, weak survey might impact appreciation trend
Reuters* PBOC sets midpoint weaker after 2 days of record highs * China factory activity shrinks in April - HSBC survey * China official says U.S. QE exit could cause fund outflows By Lu Jianxin and Pete Sweeney SHANGHAI, May 23 (Reuters) - China's yuan,...Tags: Money and Monetary Policy, Federal Reserve, Nikkei, China, Central Bank
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China warns blind dissident ahead of Taiwan trip
ReutersBEIJING, May 23 (Reuters) - China warned blind legal activist Chen Guangcheng on Thursday to mind his language ahead of his trip next month to political rival Taiwan, on a visit which could infuriate Beijing if, as expected, Chen uses it to criticise...Tags: China, Taiwan, Trips and Vacations, Chen Guangcheng, Travel
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EXCLUSIVE-China urbanisation plan hits roadblock over spending fears-sources
ReutersBy Kevin Yao BEIJING, May 23 (Reuters) - China's plan to spend $6.5 trillion on urbanisation to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels...Tags: Politics, Government Debt, Conservation, Labor Legislation, Government
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China factory activity shrinks for first time in seven months: flash PMI
ReutersBEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be...Tags: Money and Monetary Policy, Nikkei, Earnings Forecasts, Quarterly or Semiannual Financial Statements, Economy, Business and Finance
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Yuan slips, weak data challenges govt currency appreciation stance
Reuters* PBOC sets midpoint weaker after 2 days of record highs * China factory activity shrinks in April - HSBC * U.S. Fed sends mixed signal on QE exit * China official says U.S. QE exit could cause fund outflows By Lu Jianxin and Pete Sweeney SHANGHAI, May...Tags: Money and Monetary Policy, Federal Reserve, China, Central Bank, Finance
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European banks stop sending money to North Korea: aid groups
ReutersBEIJING (Reuters) - European aid groups said their banks in Europe had stopped sending money to North Korea in the wake of U.S. sanctions on Pyongyang's main foreign exchange bank, leaving them scrambling for a solution short of hand-carrying cash into...Tags: Money and Monetary Policy, Politics, International Trade, Thomson Corporation, North Korea
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China may scrap floor for interest rates this year -media
ReutersBEIJING, May 23 (Reuters) - China may remove its floor for interest rates as early as this year or next year at the latest, Chinese media said on Thursday, an important step towards freeing the country's tightly-controlled interest rates market. Ba...Tags: Money and Monetary Policy, China, Finance, Economy, Business and Finance
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China milk powder firms court foreign cachet for domestic gains
ReutersBy Adam Jourdan SHANGHAI, May 23 (Reuters) - The rolling green hills and gurgling blonde toddlers in the ads for Yashili International Holdings Ltd underscore how keen China's biggest milk powder producers are to appear global to emerge from the shadow...Tags: Corporate Performance, Ai Weiwei, Market Research, Dwayne Johnson, Marketing
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In China, food scares put Mao's self-sufficiency goal at risk
ReutersBy David Stanway and Niu Shuping BEIJING, May 23 (Reuters) - The discovery of dangerous levels of toxic cadmium in rice sold in the southern city of Guangzhou, the latest in a series of food scandals, has piled more pressure on China to clean up its food...Tags: Politics, Conservation, Metal, U.S. Department of Agriculture, Government
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European banks stop sending money to North Korea - aid groups
Reuters* NGOs say European banks won't send money to North Korea * Main problem was Bank of China move to shut account of North's Foreign Trade Bank * Bank of China was key intermediary for fund transfers * Aid groups say worried donors will withdraw...Tags: Money and Monetary Policy, International Trade, Politics, North Korea, U.S. Department of the Treasury
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May 22, 2013
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