Falling prices, not markets, the real headache for Chinese firms *Businesses say hurt by falling margins, not stock prices. *Wholesale prices have been sliding for more than 3 years. NINGHAI, China, Aug 28- The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind- the remorseless erosion of profits thanks to nearly four years of...
| By: Sue-Lin Wong and Pete Sweeney
COLUMN-From China: quantitative tightening: James Saft Aug 27- Money is flowing out of China at a quickening pace, leading to Beijing selling currency reserves in what amounts to a global quantitative tightening. Now the money is going the other way, a trend which accelerated after China experimented with a devaluation and a new semi-flotation of its yuan. Whereas China had been spending down its reserves at a more...
| By: James Saft
GLOBAL MARKETS-Stocks rebound from China slump, strong U.S. data helps NEW YORK, Aug 27- Stock around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply. All three major U.S. indexes were up less than 1 percent in afternoon trade, trimming earlier gains, following share rebounds in China and Europe.
| By: Sinead Carew
UPDATE 1-Ferragamo says new stores in China could be smaller MILAN, Aug 27- Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday. Asia-Pacific is the biggest market for the Florentine shoemaker and sales there declined 4 percent at constant exchange rates in the first half of 2015, even though the brand's own...
Bottom for stocks may be in: Street Following a recent selloff in U.S. equities, market watchers believe a bottom may be in, clearing the way for stocks to continue their march higher.
| By: Evelyn Cheng
Chinese developers strike gold with premium concierge services *China Vanke among firms looking to join spin-off trend. "Two, three years ago there was no problem with selling any new projects even in the third- and fourth-tier cites, so people didn't really care about services," said Peterson Liang, deputy executive director of Colliers International Real Estate Management Services in Shanghai. Top developer China Vanke is...
| By: Clare Jim
Financials in the spotlight Larry McDonald, Societe Generale, and Erin Gibbs, S&P Capital IQ, talk about the financials and whether the banks can continue the rally.
You can't control much, but you can control investment fees NEW YORK- Do the stock market's big swings have you feeling helpless? Although you can't control what happens in Shanghai-- or the fact that troubles in China can drag down stocks here by 10 percent in just over a week-- you do have control over one crucial factor affecting your portfolio: how much you pay in expenses. They paid an average of $54 in fees for every $10,000...
Source: The Associated Press
| By: By STAN CHOE, AP Business Writer