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Asia waits on Chinese news, sterling soars

SYDNEY: Asian markets got off to a soggy start on Thursday as investors counted down to data on Chinese manufacturing, while diverging outlooks for interest rates sent the British pound soaring and tipped the Canadian dollar into a tailspin.


Media Chinese to defer spin-off date

PETALING JAYA: Media Chinese International Ltd (MCIL) has decided to defer the expected completion date of its proposed spin-off, which was initially set for tend-2012.


Chinese LCD maker BOE plans US$7.5b offering to expand production

SHANGHAI(Reuters): The world's fifth-largest LCD panel maker, BOE Technology Group Co Ltd, said on Thursday it plans to raise 46 billion yuan ($7.5 billion) in the biggest Chinese equity offering this year.


Media Chinese International Q1 earnings fall

PETALING JAYA: Media Chinese International Ltd’s net profit for the first quarter ended June 30 dropped to RM26.6mil from RM42.8mil a year ago due to lower revenue in almost all segments of the group.


Oil down in Asia Tuesday on weak Chinese data

SINGAPORE: Oil prices were down in Asia on Tuesday as weak Chinese manufacturing data raised concerns about energy demand in the world's second largest economy, analysts said.


Chinese Chambers hopes GST to be capped at 4%

The Chinese Chambers of Commerce and Industry of Kuala Lumpur and Selangor hopes the government will keep the Goods and Services Tax (GST) at below 4% in the first three to five years of implementation.


From car parts to condos, faltering Thailand lures Chinese money

RAYONG (Thailand): Everywhere you look on Thailand’s Amata industrial estate in Rayong you see signs in Chinese. It’s a similar story just along the coast in the tourist resort of Pattaya, where Mandarin is increasingly visible alongside English and Russian.


Faltering Thailand lures Chinese money

As China’s economy slows, its investors are looking abroad for growth and Thailand, home to one of the world’s largest ethnic Chinese minorities and a gateway to South-East Asia’s 600 million consumers, is a hot investment destination in everything from industry to condominiums.


Deadbeat Chinese shipyards stick banks with default bill

SHANGHAI: Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.


Chinese tourists flock to Japan, lift weak economy

TOKYO: Snapping up four Japanese luxury Seiko watches as if they were cheap chocolate souvenirs, a 36-year-old Chinese tourist plunks down US$4,500 in cash at a glitzy store in downtown Tokyo.