Asia News

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  Trade Slowdown Squeezes Asia

  With China's latest numbers showing exports at a near standstill and import growth anemic, Asia's trade slowdown isn't abating and could be getting worse—stifling the region's already fragile growth.

  • Heard: Made in China Gets Expensive
  • China Trade Surplus Narrows

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  Concerns About China Outlook Intensify

  Yet more signs that China's attempts to kick-start growth aren't working and fresh evidence of weakness in the crucial export sector are putting pressure on Beijing to move more aggressively.

  • Trade Slowdown Squeezes Asia
  • CRT: Economists React to Trade Report
  • U.S. Bucks Export Slowdown
  • Heard: Made in China Gets Expensive

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  Made in China Is Getting Expensive

  China's July exports were hurt by a big drop in business with the European Union—but some of the blame also goes to a long-term deterioration in China's export competitiveness.

• Swire Profit Down 65%; Cathay Pacific Losses Weigh

  Blue-chip conglomerate Swire Pacific said its first-half net profit fell 65%, dragged down by losses at affiliate Cathay Pacific Airways.

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  Wison Group Seeks Hong Kong IPO

  Wison Group, a private Chinese engineering company, has submitted a listing application to Hong Kong's stock exchange for a planned $300 million-$500 million initial public offering in the city.

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  Cnooc to Submit Oil Deal for Review

  China's Cnooc said it plans to defend its $15 billion proposed buyout of Canadian oil producer Nexen before U.S. regulators.

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  HTC Investors Head for Exits

  HTC has failed to fend off Apple and Samsung Electronics, pushing its revenue and market share down sharply and giving investors cause to worry there won't be room in the market for the smartphone maker.

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  China's New Target: Batteries

  A123 Systems, a maker of advanced batteries for electric vehicles, is being rescued through a bailout from a Chinese auto-parts company.

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  Yuan Borrowing Costs Rise in Hong Kong

  Yuan borrowing costs for banks in Hong Kong have risen sharply for the second time in just over a month, as a spate of issuances of dim-sum bonds is draining yuan from circulation in the city.

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  Discover's Diners Club Heads to China

  Discover Financial Services and Industrial & Commercial Bank of China said the Chinese lender will be the first to issue Diners Club's cards in China, in an effort to tap the increasing flow of wealthy Chinese spending their money abroad.

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  China Gets Aboard Europe's High-Speed Rails

  Beijing-based China CNR said it secured a small but important components order from Germany's Siemens that represents a rare Chinese foothold in the Western market for high-speed trains.

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  China's Profitless Recovery Problem

  While America struggles over a recovery with few jobs, China is set for a recovery with shrinking profits. In a raft of negative data for China's economy in July, it's falling growth in industrial output that will get most attention.

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  Microblog Sees Outage at Sensitive Time

  Chinese microblogging service Sina Weibo was briefly unavailable Thursday afternoon, even as a closely watched murder trial of a former Communist Party official's wife was taking place.

  • CRT: Sneaking Past Censors

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  James Cameron Looks at China, Sees It in 3-D

  Filmmaker James Cameron, in an interview, says he believes demand in China will spur the movie industry's shift to 3-D, and create a market for a new generation of gadgets for 3-D viewing.

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  Nu Skin Drops on Short-Seller Report

  Shares in New York Stock Exchange-listed Nu Skin Enterprises Inc. dropped 9.2% Tuesday after a short-seller accused the company of running a multi-level marketing operation in China, where such activities are illegal.

• Asian Shares Rise on Stimulus Hopes

  Australian stocks hit a three-month high as Asian markets advanced on signs central banks may take more action to boost the global economy.

  • Live: Markets Pulse
  • Indian Shares Rise | Europe Stocks Slip
  • S&P-500 Closes Above 1400

• China Developer Sees More Weakness

  China Vanke, China's largest property developer by sales, said a decline in new housing construction may continue in the second half of the year.

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  Working Out Big Banks' Role in China

  Jiang Chaoliang, chairman of Agricultural Bank of China, one of the country's four major state-controlled banks, on big banks' role in the current complex economic environment.

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  China Shorts Extend Their Reach

  After targeting U.S.-listed Chinese stocks, a couple of reports from short sellers take on a Hong Kong-listed stock and a U.S. company that does much of its business in China.

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  Ford Affiliate Buys China Truck Maker

  China's Jiangling Motors, which is 30%-owned by Ford Motor, will acquire Taiyuan Changan Heavy Truck Co., marking the U.S. car maker's first entry into the world's largest heavy-truck market.