Chinese equities in New York climbed from the lowest level since September, led by gains in Spreadtrum Communications Inc., after Bank of America Corp. said rising smartphone use will boost Asian semiconductor makers.
Honeywell International Inc. will form three joint ventures in China to supply the country’s new passenger plane program, Shanghai Daily said, citing Mark Howes, president of the company’s Asia-Pacific aerospace unit.
McDonald’s Corp. restaurants in Shanghai temporarily suspended food-delivery service after the chain’s phone system froze during an upgrade, Shanghai Daily said, citing Liu Xiaolin, a company public relations officer.
Emerging-market stocks rallied the most in a week, with technology shares reaching their highest level since 2000, as South Korea’s central bank said the improving global economy is boosting domestic growth.
PetroChina Co. Chief Financial Officer Zhou Mingchun called on China’s government to raise the threshold for the windfall tax on oil and combine it with other resource levies, the Shanghai Daily reported today.