Pernod Ricard shares at 10-month high after signs of China upturn


PARIS - French spirits maker Pernod Ricard SA has forecast a recovery in sales in its second-biggest market China, dogged for years by a clampdown on the purchase of expensive gifts such as whisky and cognac, helping send its shares to a 10-month high.


HK anti-graft agency raids home of media tycoon critical of Beijing 12:07pm BST

HONG KONG - Anti-corruption officers in Hong Kong on Thursday raided the home of Jimmy Lai, a media magnate and outspoken critic of Beijing who has supported pro-democracy activists through his publications and with donations.

China tells U.S. to reduce or halt 'close surveillance' patrols 11:52am BST

BEIJING - China on Thursday urged the United States to cut back on, or even stop, its close surveillance of the Asian giant using patrol aircraft, if it seriously seeks to repair damaged bilateral ties.


China's ICBC reports slowest second quarter growth since 2009, bad loan rise 10:47am BST

HONG KONG/SHANGHAI - Industrial and Commercial Bank of China , the country's largest bank, reported its lowest second-quarter profit growth in five years and an increase in bad loans, affected by a slowing economy.


China says 'no change' in policy on improving ties with Japan 10:17am BST

SHANGHAI/BEIJING - China on Thursday rejected remarks by former Japanese prime minister Yasuo Fukuda that Beijing had expressed willingness to improve ties between Asia's two biggest economies, and said there was "no change" in its policy on Tokyo.


Microsoft CEO Nadella to visit China amid antitrust probe - source 7:31am BST

BEIJING - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.


China supplier of Samsung, Lenovo denies using child workers 5:50am BST

BEIJING/SEOUL - A China-based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child labourers, denying allegations by a U.S.-based activist group.


European centres vie for trade in Chinese currency 5:29am BST

HONG KONG - European companies are increasingly using the renminbi to settle trade with Chinese counterparts in a sign that Beijing's efforts to internationalise its currency are bearing fruit.


China urges more private capital in health insurance sector 4:27am BST

SHANGHAI - China will encourage more private investment in health insurance, part of Beijing's push to open up its overburdened healthcare sector, the official Xinhua news agency said late on Wednesday.


China's top judge says foreigners to be allowed into Chinese courts 4:08am BST

BEIJING - China's top judge has said that foreigners will be regularly allowed into courts to listen to cases, state media reported on Thursday, as the government embarks on legal reform at a time of public discontent over many perceived miscarriages of justice.

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