More refined zinc is likely to be shipped from bonded warehouses in China to warehouses approved by the London Metal Exchange in Asia in the fourth quarter as tight credit crimps domestic demand at a time of increased imports, traders said.
Asia/Pacific
Sony heads for deeper loss as it shrinks struggling smartphone business
Sony Corp cut its earnings outlook for the sixth time on Chief Executive Kazuo Hirai's watch on Tuesday as it announced a massive impairment change on its smartphone unit, which it has failed to grow despite a rapidly expanding market.
Stocks end higher on bet Fed won't change rate stance
Stock markets around the world rose on Tuesday, ending near session highs as investors bet that the U.S. Federal Reserve wouldn't adjust its guidance about how soon it would raise interest rates.
China advances gold exchange launch, Singapore delays contract
China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.
Mitsubishi Motors to invest $600 million in Indonesian car factory
Japan's Mitsubishi Motors Corp (7211.T) will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.
Latest News
Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanor of a metalworker's son.
Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
Asian stocks stumbled to a five-week low on Monday after a batch of disappointing data out of China raised the specter of a sharp slowdown in the world's second-biggest economy.
China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbors' first summit since Narendra Modi became prime minister in May.
Japanese Prime Minister Shinzo Abe said on Sunday he remained "neutral" on whether to proceed with a hike in Japan's sales tax to 10 percent, adding that decision would hinge on the strength of economic indicators for the current quarter.
Canada has finally ratified a foreign investment protection agreement with China after a two-year delay in a step that may help ease tensions between the two countries and smooth the way for a possible visit to China by Prime Minister Stephen Harper.
Amid a revival in sales of Japanese goods in China and talk of renewed investment from some big firms such as Toyota, a dusty industrial park near Nanjing offers a cold reality check on the health of ties between Asia's two biggest economies.
Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.
The likely delayed launch of Apple Inc's (AAPL.O) new iPhone 6 in China, the world's biggest smartphone market, sparked a race to pre-order the phone in Hong Kong on Friday.
