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U.S. China News 2012.07.09

Mon, July 9, 2012

Asia Falls as China, US Data Fuel Growth Fears
CNBC.com
Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for
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GLOBAL MARKETS-Shares, euro hurt as growth worries deepen on China, US
Reuters
MSCI Asia ex-Japan slides 1.5 pct, Nikkei slips 1.1 pct* Euro hits two-year low vs dollar early in Asia* Japan 10-year bond futures rise to highest since Oct, 2010* China June inflation cools further,
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Inflation at Two-Year Low Spurs Commodity Slump: China Overnight
Businessweek
Chinese stocks traded in the U.S. fell the most in two weeks, led by energy and commodity producers, after inflation in the world’s second-largest economy eased to the lowest level since January 2010.
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Oil jumps on Norway strike, lockout threat
Reuters
Slower economic growth in China and the United States and a deepening euro zone debt crisis helped push down Brent by 20 percent in the second quarter, the largest three-month loss since the 2008 financial crisis. U.S. stocks fell as the weak economic
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Asian Stocks, U.S. Futures, Spanish Bonds Drop on Growth Concern
San Francisco Chronicle
Asian stocks and U.S. equity futures fell after Japanese machinery orders dropped and Chinese Premier Wen Jiabao said the nation’s economy faces “relatively large” downward pressure. European finance ministers gather today to discuss crisis measures
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US Markets Lower on Asian Worries
New York Times
Asian shares slid after a tepid American jobs report on Friday and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring
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Gold hovers near two-week lows as US outlook cloudy
Reuters
LONDON (Reuters) – Gold held around two-week lows on Monday, supported in part by benign inflation data from China and a modest decline in the dollar, although uncertainty over the outlook for U.S. interest.
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China, US to start countervailing consultations
China Daily
The Ministry of Commerce will soon start formal consultations with the United States on the latter’s 22 countervailing measures against Chinese exports.
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China’s inflation falls as Beijing cuts rates
U.S. News & World Report
BEIJING (AP) — China’s inflation fell to a 29-month low in June, giving Beijing more room to fight a deepening economic slowdown.
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Clinton calls Mongolia a “model”, digs at China
Chicago Tribune
ULAN BATOR (Reuters) – Secretary of State Hillary Clinton on Monday held up Mongolia’s sometimes messy politics as a democratic model for Asia, and implicitly criticized political restrictions in China .
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Asia shares hurt as growth worries deepen on China, US data
Reuters India
TOKYO (Reuters) – Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that.
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PRECIOUS-Gold edges up on China inflation, higher commods
Reuters
Tame Chinese inflation leaves room for policy action * Grains rally boosts inflation-hedge demand * US futures volume low after Friday’s sell-off * Coming up: Two-day EU finance ministers.
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US, Brent crude up over $1/bbl on Norway, China
Reuters
NEW YORK, July 9 (Reuters) – U.S. and Brent crude oilfutures extended gains by more than $1 Monday on fears of aimminent shutdown of Norwegian oil production due to failedlabor talks, and signs that.
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How China Will Sway Currencies
CNBC.com (blog)
China is releasing a slew of economic data this week, with the potential to move a key currency. He argues that in technical terms, the Australian dollar is in an uptrend channel, and he expects it to stay until it gets to parity against the U.S
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Chinese Outward Investment: Acceleration Features the US
Heritage.org
Chinese investment in the U.S. is growing but remains tiny compared to American GDP, and far more could be easily and beneficially absorbed.
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Asian shares, euro hurt as growth worries deepen on China, US jobs data
Economic Times
Asian shares slid on Monday after US jobs data and cooling inflation in China exacerbated worries about flagging global economic growth.
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Japan Stock Futures Fall as US Jobs Data Fuels Concern
Businessweek
The MSCI Asia-Pacific (MXAP) declined 8 percent from this year’s highest level in February amid concern economies in China and the U.S. are slowing as Europe’s debt crisis deepens. Still, the gauge has risen 4.2 percent in 2012 through July 6, compared
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China US Trade Issues
Live Trading News
The Ministry of Commerce announced Sunday that it will start formal consultations with the United States on the latter’s 22 countervailing measures against Chinese exports. A consultation request was filed by China to the Dispute Settlement Body of the
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Clinton urges free markets with democracy in Asia
U.S. News & World Report
President Barack Obama has tried to pivot U.S. power to the region, in part to reverse a slide toward China in recent years as its economy boomed and America’s struggled. Clinton, who’ll also visit Vietnam, Laos and Cambodia over the next five days
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Asian Shares Drop on Weak US Employment Data
Wall Street Journal
Asian markets fell on Monday as weak U.S. employment data renewed concerns over the health of the world’s largest economy while a decline in machinery orders knocked Japan lower. Investors were also looking ahead to a slew of Chinese economic data
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Global uncertainty to weigh on US growth: Fed official
Chicago Tribune
Last week, a handful of central banks including that of China and the euro zone took steps to ease monetary policy, reflecting growing alarm over the health of the world economy. On Friday, a report showed U.S. jobs growth was tepid for a fourth
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Market Weighed Down by the Big Three: China, Europe, US Earnings
Yahoo! Finance (blog)
From the blog Breakout: Stocks are down for the third straight day on news that yields on Spanish 10-year bonds is once again over 7%, disturbing news suggesting China is experiencing deflation, and the start of what is widely expected to be a
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US, China concerns weighs on Australian dollar
The Australian
THE Australian dollar was weaker late yesterday as markets grew nervous about the risks of a further weakening in the US economy, while fresh concerns have emerged about China.
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European stocks down as US report dims outlook
Boston.com
MOSCOW (AP) — Stock markets had a poor start to the week after a disappointing U.S. jobs report on Friday dimmed the outlook for the world’s largest economy and increasing borrowing costs in Spain and Italy cast a cloud over Europe’s financial
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Copper steadies from week low; growth worries weigh
Reuters
“We expect that a pick-up in Chinese activity, moderate U.S. growth and a build-out of social housing will support metals from current levels … prices across the complex generally present value to consumers … assuming European ‘containment’,” it said.
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China Reaches Into Its Monetary Tool Kit
Forbes
Lumping China’s slowdown with the poor U.S. jobs report that also came out on Friday and the continued struggles in Europe, many commentators came to the opinion that the world may indeed be headed for a global recession. Neil Cavuto, a well-regarded
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CANADA STOCKS-TSX falls after ECB comments, China fear
Reuters
TSX down 61.48 pts, or 0.5 pct, at 11598.48 * Mining, financials lead losses * ECB comments offer little relief * U.S., China growth fears hurt risk assets By Jon Cook TORONTO,
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Fed officials favor QE3; Asian data signal drop in global demand
Reuters
“The BOJ looked like it would be on hold this week, but given weak U.S. economic data and monetary easing by central banks in China and Europe, there is now a 50 percent chance that the BOJ could ease this week,” said Hiroaki Muto, senior economist at
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Asian Stocks, Gold Fall on U.S. Jobs; Euro Drops Before Meeting
San Francisco Chronicle
In China, Premier Wen Jiabao said downward pressure on the economy is still “relatively large” and the government will both intensify fine-tuning of policies and “unswervingly” continue property controls, the official Xinhua News Agency reported
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Asian stocks fall on US jobs data, China concerns
Inquirer.net (blog)
Asian markets slumped on Monday after disappointing US jobs data raised fresh fears about the world’s biggest economy and amid renewed concern about China’s slowing growth.
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European stocks down as US report dims outlook
Fox News
Stock markets had a poor start to the week after a disappointing U.S. jobs report on Friday dimmed the outlook for the world’s largest economy and increasing borrowing costs in Spain and Italy c…
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Chinese eye German machine tool group MAG: sources
Reuters
FRANKFURT (Reuters) – Chinese companies are eyeing German machine tool group MAG, two sources close to the transaction said on Monday, in a sign appetite remains high among Chinese groups for the acquisition.
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South China Sea High on ASEAN Agenda
Voice of America
“Her point here is to move away from that and re-deflect attention to the much broader interests she’ll argue the U.S. has in the region,and that the U.S. is not out to contain, but to cooperate with China,” said Carlyle Thayer. This week’s meetings
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Top Fed officials argue case for more US easing
Reuters
BANGKOK (Reuters) – The U.S. Federal Reserve should loosen policy further with a new round of bond purchases as a way to bring down unemployment, even at the risk of driving inflation temporarily higher, Rosengren noted that economic activity was
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Shanghai stocks sink 2.4%, lead Asian markets down
MarketWatch
Asia stocks are hit by a string of negative global developments, including a disappointing U.S. jobs report and weekend comments from Premier Wen Jiabao highlighting economic pressures on China. The Shanghai Composite ends at a six-month low.
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USChina Policy: Hiding the Military-Economic Link
History News Network (blog)
Perlez explains: “The extra attention devoted to economics is intended to send a message that Washington recognizes that it initially overemphasized the military component of its new focus on Asia, setting up more of a confrontation with China than
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China’s tennis team faces uphill task at London Olympics
New York Daily News
Beijing, July 9 — Superstar Li Na will lead the Chinese charge at the All England Club for the 2012 London Olympic tennis event which features the strongest ever field in history. Led by world’s top players, Beijing Olympics bronze medallist Novak
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METALS-LME copper steady after China inflation data
Reuters
China inflation cools, leaves room for policy easing * U.S. non-farm payrolls up 80000 in June * Coming Up: U.S. CFTC commitment of traders weekly; 1930GMT (Updates prices; adds quotes, details)
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Get ready for the end of record corporate profits
Boston.com
The storyline became as predictable as a soap opera’s. But when the latest round of corporate earnings starts rolling in this week, look for a twist: Profits are expected to fall. “China is still slowing. Manufacturing numbers in the U.S. are weak
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Chinese Espionage on the Rise in US, Experts Warn
CNBC.com
China is working feverishly to counteract its slowest GDP growth in recent years, and one of the ways it’s doing so, say U.S. officials, is through the theft of American corporate secrets.
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Euro Stays Frail, China’s CPI Cools
CNBC.com (blog)
The euro’s slide stalls and Chinese consumer price inflation keeps slowing — it’s time for your FX Fix. How Exposed Is That Company to Europe? Euro Zone Fragmenting Faster Than EU Can Act; Ranks of Tight-Fisted US Community Banks Surge
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European stocks lower as weak US jobs report underlines slowdown risks
Washington Post
MOSCOW — European stock markets had a poor start to the week after a disappointing U.S. jobs report on Friday dimmed the outlook for the world’s largest economy.
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Brent rises toward $99 on Norway supply cut, China data
Reuters
Norway oil pay talks in deadlock, shutdown looms* China inflation cools, paves way for more monetary easing* Coming Up: US employment trends; 1400 GMTBy Florence TanSINGAPORE, July 9 (Reuters) –
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Gold edges up on China inflation, higher commodity prices
CNBC.com
NEW YORK (Reuters) – Gold drifted higher in quiet trade on Monday, lifted by bargain hunting after the previous session’s sharp drop, benign inflation data from China and higher commodity prices. The metal’s inflation-hedge appeal increased as U.S.
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Emerging Stocks Drop Most in 2 Weeks on China Concerns
Businessweek
Emerging-market stocks tumbled the most in two weeks after Chinese Premier Wen Jiabao said the world’s second-largest economy faces “relatively large” downward pressure.
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Weekly Industry Crib Sheet: US Manufacturing Declines for First Time in 3 Years
ThomasNet Industrial News Room
The economic slowdown in Europe and China is now having a ripple effect across global markets, with U.S. manufacturers experiencing a marked decline in demand from international customers. According to ISM, the exports index plummeted to 47.5 in June
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