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Yahoo

Business - China PMI as predicted, Aussie drops after data


By Wayne Cole and Vidya Ranganathan SYDNEY/SINGAPORE (Reuters) - Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country`s economy. Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilization in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number. Asian shares barely reacted to that data although China`s stock markets, both the Shanghai Composite Index and the China Enterprises Index of the leading offshore Chinese listings in Hong Kong, were about a quarter of a percent weaker. The Aussie fell after data showing Australian consumer price inflation was a surprisingly low 0.6 percent last quarter.


Wednesday, April 23, 2014  04:53

Yahoo

Business - China PMI as predicted, Aussie drops after inflation data


By Wayne Cole and Vidya Ranganathan SYDNEY/SINGAPORE (Reuters) - Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country`s economy. Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilization in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number. Asian shares barely reacted to that data although China`s stock markets, both the Shanghai Composite Index and the China Enterprises Index of the leading offshore Chinese listings in Hong Kong, were about a quarter of a percent weaker. The Aussie fell after data showing Australian consumer price inflation was a surprisingly low 0.6 percent last quarter.


Wednesday, April 23, 2014  03:42

Yahoo

Business - Galaxy S5 Explained: the Display


Galaxy S5 has finally hit the market. There`s a lot to talk about with the new Samsung Galaxy S5, but the first thing people seem to notice is the `display.` Actually, the display of the …


Wednesday, April 23, 2014  08:26

Yahoo

Business - China factory activity shrinks for fourth month


By Kevin Yao BEIJING (Reuters) - China`s factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. `It`s generally in line (with expectations), reflecting that the growth momentum is stabilizing,` said Zhou Hao, China economist at ANZ in Shanghai, who expected economic growth to pick up slightly to 7.5 percent in the second quarter. Annual growth in China`s economy slowed to 7.4 percent in the first quarter from a year earlier, its slowest pace in 18 months, but the pace was just ahead of market expectations and seemed to soothe fears of a sharp downturn. China`s central bank will cut the amount of deposits rural banks must hold as reserves by between 0.5 and 2 percentage points, it said on Tuesday, the latest in a series of measures to help combat a slowing economy.


Wednesday, April 23, 2014  04:53

CNN

Market - China factories extend slump


China`s factories continued to struggle in April, according to an early gauge of activity in the country`s all-important manufacturing sector.


Wednesday, April 23, 2014  04:17

CNN

Top Stories - China`s mobile revolution


With over 700 million active smartphone users, China`s mobile market is insane in scale. But sheer numbers aside, what makes it really impressive?


Wednesday, April 23, 2014  04:17

Yahoo

World - Calls for Roche to cut price of breast cancer drugs


Pharmaceutical giant Roche was on Wednesday urged to cut the cost of a groundbreaking breast cancer drug that the NHS is set to phase out in 2016. NHS watchdog NICE recommended that the use of trastuzumab emtansine be stopped due to its £90,000 cost, even though it can add months of life to women dying of breast cancer. It is currently available in England under the Cancer Drugs Fund, but this will end in 2016. The drug, which attacks cancerous cells from within thus avoiding many of the side effects of chemotherapy, could potentially help a fifth of breast cancer sufferers.


Wednesday, April 23, 2014  04:17

Yahoo

Business - China factory activity shrinks for fourth month, but pace of decline slows


By Kevin Yao BEIJING (Reuters) - China`s factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. `It`s generally in line (with expectations), reflecting that the growth momentum is stabilizing,` said Zhou Hao, China economist at ANZ in Shanghai, who expected economic growth to pick up slightly to 7.5 percent in the second quarter. Annual growth in China`s economy slowed to 7.4 percent in the first quarter from a year earlier, its slowest pace in 18 months, but the pace was just ahead of market expectations and seemed to soothe fears of a sharp downturn. China`s central bank will cut the amount of deposits rural banks must hold as reserves by between 0.5 and 2 percentage points, it said on Tuesday, the latest in a series of measures to help combat a slowing economy.


Wednesday, April 23, 2014  03:54

CNN

Market - Meet four kings of Alibaba`s online retail empire


Alibaba`s shopping sites account for 80% of online retail in China. Meet four successful merchants.


Wednesday, April 23, 2014  02:53

Yahoo

Business - Nurturing the Startup Juggernaut


Startups are the juggernauts that discover new markets, which drive growth and wealth creation in our economy. It`s in our interest to nurture the ecosystem that allows startups to thrive.


Tuesday, April 22, 2014  23:21

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