Oil prices tumble after Greek no vote to bailout, China stock market turmoil


TOKYO/SINGAPORE - Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash.


Chinese officials, investors hope new support steps will stave off stock crash 05 Jul 2015

SHANGHAI - China's stock markets may be facing a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that could threaten the world's second-largest economy.

Zeroing in on empty homes, China throws developers a lifeline 05 Jul 2015

BEIJING - Dismayed by the millions of unsold homes in China's troubled real estate market, the Chinese government is taking matters into its own hands: by buying some properties and turning them into public housing.    Like a white knight riding to the rescue of distressed developers, a handful of local governments are snapping up thousands of empty homes at hefty discounts and re-selling them to the country's poorest households.


China says tourists attacked in Turkey during anti-China protests 05 Jul 2015

BEIJING/ISTANBUL - China has warned its citizens travelling in Turkey to be careful of anti-Beijing protests, saying some Chinese tourists have recently been "attacked and disturbed".


China curbs IPOs, enlists brokers in all-out bid to end market rout 05 Jul 2015

BEIJING/SHANGHAI - Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

China arrests man for suicide 'rumours' amid stock market rout - state TV 05 Jul 2015

BEIJING - Chinese authorities have arrested a man who allegedly spread rumours about people in Beijing jumping off buildings in response to a stock market crash, state television reported on Sunday.


Hillary Clinton accuses China of hacking U.S. computers 04 Jul 2015

GLEN, N.H. - U.S. Democratic presidential candidate Hillary Clinton accused China on Saturday of stealing commercial secrets and "huge amounts of government information," and of trying to "hack into everything that doesn't move in America."


China curbs IPOs, enlists brokers in all-out bid to end market rout 04 Jul 2015

BEIJING/SHANGHAI - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-drive that is threatening the world's second-largest economy.


Taiwan president remembers Nationalist victory in Sino-Japan war 04 Jul 2015

HSINCHU, Taiwan - Taiwan's president said on Saturday it was Nationalist Chinese forces which won the war against Japan as he sought to challenge Beijing's official line which overwhelmingly focuses on the heroics of the Communist army during and before World War Two. 


Japan pledges $6 billion to Mekong nations as China prepares new bank 04 Jul 2015

TOKYO - Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington.

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