MELBOURNE, March 24- London copper was on Friday set to drop more than 2 percent for the week, with striking union members agreeing to return to work at the world's top copper mine, in Chile. "There was a lot of exuberance at the start of the year about President Trump's pro-growth policies and certainly base metals benefitted from that," said analyst Daniel Hynes at...
Most Asian economies already have measures in place to combat the Fed's tighter monetary policy, notes Stephen Groff of the Asian Development Bank.
HONG KONG, March 24- China's yuan weakened against the U.S. dollar on Friday as the global dollar index rose overnight, but the Chinese currency is set to end stronger for the week. The People's Bank of China set the midpoint rate at 6.8845 per dollar prior to market open, firmer than the previous fix 6.8856. The Thomson Reuters/ HKEX Global CNH index, which tracks the...
March 24- China's central bank, wary of soaring property prices in Beijing, said on Friday that banks must strengthen mortgage risk management, and that includes cracking down on home buyers rushing to get divorced to skirt second-home purchase rules. China has intensified its crackdown on property speculators by rolling out much harsher measures in big...
*Presumed new Hong Kong leader seen stoking tensions. HONG KONG, March 24- Hong Kong on Sunday will likely select Beijing's favoured candidate for its next leader who some say will further divide a city where middle class families have become increasingly disaffected by political tension and economic hardship. Former top civil servant Carrie Lam is widely...
Former IMF Deputy Managing Director Zhu Min told CNBC at the Boao Forum that markets will be disappointed by Trump's policies.
Charles Chao, CEO of Sina, talks about U.S.-China trade ties and how videos are central to the growth of the social media company.
Manufacturing might be diminishing in China but machinery and engineering will remain key sectors, says Hans-Paul Bürkner, The Boston Consulting Group.
*More electric cars sold in China than rest of world combined. BEIJING, March 24- Chinese automaker Chery Automobile Co Ltd has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.
Hans-Paul Bürkner of The Boston Consulting Group says "Made in China 2025" needs to target productivity instead of protecting inefficient industries.
China can't call itself a free trade leader when it still has restrictions on its economy, warned former U.S. trade official Michael Froman.
MELBOURNE, March 24- London copper was on track for a two percent weekly drop on Friday after striking union members at Escondida, the world's top copper mine, agreed to return to work. *SHFE COPPER: Shanghai Futures Exchange copper was little changed at 47,000 yuan a tonne. *CHINA POLLUTION: Beijing and the surrounding province of Hebei will plant trees, establish...
China's ambitious One Belt, One Road initiative is already becoming a reality, a resources executive said Thursday.
Zhu Min of the National Institute of Financial Research talks about his expectations for the global economic recovery and yuan stability.
LONDON, March 23- The political heat is rising in the aluminium market, with a trio of industry bodies calling on the G20 to address global market imbalances resulting from China's burgeoning output. "China's state-sponsored support is contributing to an unsustainable structural overcapacity that will impact growth and contribute to heightened...
Michael Froman, former U.S. trade representative, says it takes more than just talk to support free trade.
China is filling up the void left by Washington in the region, warned Michael Froman, former U.S. trade representative.
From capital controls to manufacturing policy, businesses operating in China could be facing greater pressure. Geoff Cutmore and Sophia Yan report.
There are challenges ahead as China attempts to ramp up economic reforms. Geoff Cutmore and Sophia Yan report from the Boao Forum.
Tom Lembong, Indonesia Investment Coordinating Board, says the U.S. will continue to be influential in the region through the reach of its tech companies.