China

Shares on both sides of the Atlantic moved higher, triggered in part by a late surge in Chinese equities, amid optimism China’s government will act to support its flagging economy. In New York trading at about 2.45pm, the Dow Jones industrial average rose 2.3 percent, the Standard & Poor’s 500 Index climbed 2.1 percent, while the Nasdaq Composite Index added …

Chinese investors, who return to trading after a four-day break, may be the key to sentiment this week and whether global equities will remain volatile. China’s stock markets were closed last Thursday and Friday for ceremonies to mark the end of World War II. Ahead of the resumption of trade, People’s Bank of China Governor Zhou Xiaochuan said the rout …

HRL Morrison & Co subsidiary JIDA Capital Partners and Shenzhen-based CGN Private Equity Fund Management have raised 1.87 billion Chinese yuan (NZ$451.7 million) from institutional investors to launch a new fund focusing on Chinese renewable energy assets. The unlisted private equity infrastructure fund, CGN Fund III, is seeking to raise 5 billion yuan, which it will mainly invest in operating …

Beingmate Baby & Child Food Co shares fell to their lowest since February 2013, after being caught up in the global share-market rout that’s dented Chinese equity markets, slicing more than $200 million from Fonterra Cooperative Group’s investment in the Hanzhou-based infant formula maker. The Shenzhen stock exchange-listed shares dropped 10 percent to 11.87 Chinese yuan, the lowest level since …

Auckland International Airport, the country”s biggest gateway, says it”s optimistic about demand from China, its fastest-growing source of passengers, even after weak manufacturing data sparked a global selloff in stocks and raised questions about growth in that economy. Passenger numbers from China soared 41 percent to 545,494 in the airport company”s latest year, while capacity on routes to China rose 38 …

There is no escaping that Fonterra’s path forward has to be closely linked to China. No-one else needs and has the ability to pay for New Zealand milk in the quantities that we have available to supply. Whether that means we are over-exposed is a matter of perspective. But that perspective does not alter the reality that China is the …

The New Zealand dollar fell after China devalued the yuan, stoking concern economic growth is weaker than expected in the nation’s biggest trading partner. The kiwi traded at 65.52 US cents as at 5pm in Wellington, down from 66.10 cents late yesterday. The currency rose to 4.1396 yuan from 4.1033 yuan. China is the biggest two-way trading partner with New Zealand and the second-largest export market …

The New Zealand dollar rose after Beijing said it was continuing efforts to support the ailing Chinese stock market, slowing their decline, while locally traders await a speech by the Reserve Bank governor tomorrow. The kiwi dollar advanced to 66.61 US cents as at 5pm in Wellington, from 65.88 cents yesterday. The trade-weighted index gained to 70.90 from 70.22. China‘s Shanghai Composite index …

John Key will have plenty on his plate this coming week. National has been on the backfoot since Labour blindsided it with its release of leaked Barfoot & Thompson data suggesting that Chinese investments comprised a disproportionate number of recent Auckland housing sales. Particularly those over the $1 million mark. While Key has been off on his holiday jaunt in …

The sharp Kiwi economist who’s done some of the best analytics in the New Zealand/China economic relationship is contemplating a switch to running a business. NZ INC. hopes Shamubeel Eaqub stays engaged in the China space. There’s plenty of contentious issues on the table right now that could do with indepth analysis. Businessdesk earlier reported: Outspoken economist Shamubeel Eaqub is …