CHINA

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Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.

Chinese met office forecasts more rains

Heavy rains forecast for China after floods kill dozens
China's National Meteorological Center on Tuesday forecast more rainfall in flood-hit areas of central and southern China after millions of people were forced to evacuate their homes.
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Investors grow worried about China, Europe: Barclays

Investors are increasingly worried that troubles in the euro zone and China will hurt global economic growth this year, curbing gains in equity and commodity markets, a Barclays Capital survey showed on Monday.
China food prices spike as floods ruin farmland

Floods devastate China, drive up cost of food

Rainfall expected to boost China's agricultural production have instead caused widespread flooding, increased food prices and caused death in the East and South of the People's Republic.
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Embraer sees chances of Delta order

Brazilian planemaker Embraer sees good chances of firm orders from U.S. carrier Delta Air Lines, which will likely make a decision to renew its fleet by October, a top company executive told Reuters on Monday.
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Stock futures weighed down by Greece loan delay

Stock index futures fell on Monday as a delay in emergency loans to Greece and a possible downgrade of Italy's credit rating rekindled fears about the euro zone debt crisis, pushing investors out of riskier assets.
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Euro dips, stocks turn lower on Greece worries

The euro dipped on Monday and Asian stocks flipped back into the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse.
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Japan May export drop stirs worry on overseas

Japan's exports fell in May at a faster pace than expected versus year-ago levels, raising concerns that weakness in overseas demand will constrain factory production and delay economic recovery from a massive natural disaster.
Facebook CEO Mark Zuckerberg listens to a question from the audience in San Francisco

Is China the next destination for Facebook?

Social networking site Facebook lost a significant number of its users in the US in May, raising fears over the site’s user base reaching saturation levels in the country.
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Trichet warns of widening global imbalances

European Central Bank President Jean-Claude Trichet on Sunday raised concern about widening global imbalances after the financial crisis, calling them one of the main challenges for the global economy.
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Buffett-backed carmaker BYD raises $219 million in China IPO

Warren Buffett-backed Chinese carmaker BYD Co Ltd <1211.HK> will raise a less-than-expected 1.42 billion yuan ($219 million) in its initial public offering in Shenzhen, weighed down by weak investor sentiment and worries over its poor performance.

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