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  • Australia out of step with new climate momentum Friday, 28 Nov 2014 | 1:24 AM ET

    CANBERRA, Australia— Australian Prime Minister Tony Abbott, who rose to power in large part by opposing a tax on greenhouse gas emissions, is finding his country isolated like never before on climate change as the U.S., China and other nations signal new momentum for action. For a nation of just 23 million, Australia has played a significant role in past talks, but...

  • SHANGHAI, Nov 28- China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months. The People's Bank of China fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix. Chinese oil firms- mainly PetroChina and Sinopec Corp- are primary dollar...

  • SHANGHAI, Nov 28- China stocks rallied for the seventh straight session on Friday and looked headed for their biggest monthly gain in nearly two years as a surprise interest rate cut and hopes of further policy easing re-ignited demand for mainland shares. Investors had snapped up shares in the lead-up to the launch of the Shanghai- Hong Kong stock connect...

  • SINGAPORE, Nov 28- London copper slid to an eight-month low on Friday, heading for its biggest weekly loss since March, as a rout in oil triggered selling across commodities while worries over slowing global growth also pressured prices. *Three-month copper on the London Metal Exchange fell 0.9 percent to $6,497 a tonne by 0238 GMT, after settling down slightly in...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • BEIJING, Nov 27- China's central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday. China has considered insuring savers' deposits for around two decades, but the plans took on new urgency in the past year as the country sought...

  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • 'The stage is set' for higher equities in Japan     Thursday, 27 Nov 2014 | 4:35 AM ET

    Central bank policies are a hot topic globally. Hans Goetti, head of Investment Asia at Banque Internationale à Luxembourg talks about the current state of China and Japan's economies.

  • HONG KONG, Nov 27- Hong Kong shares finished down on Thursday as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, down 17.4 percent to HK $0.02, China Strategic Holdings, up 7.3 percent to HK $0.06 and Bank...

  • METALS-Copper edges up from 3-week low, forex helps Thursday, 27 Nov 2014 | 2:17 AM ET

    *Despite stimulus, China economy still to slow-analyst. SINGAPORE, Nov 27- London copper edged up on Thursday from a three-week low hit in the previous session as a softer dollar offset concerns over demand growth in top consumer China. "At the beginning the market was euphoric... but in reality things in China will probably continue to slow," said analyst Dominic...

  • HONG KONG, Nov 27- Rapid reforms by Beijing allowing foreign companies to move funds from their China operations across borders relatively freely is boosting treasurers' confidence in using the yuan as the preferred currency for doing business. That has changed in less than three years with Beijing now allowing multinationals to transfer yuan out of China...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.2 percent, to 2,754.49, its highest since February 2013, while the Shanghai Composite Index gained 1.0 percent, to 2,630.49 points, its highest level since August 2011. Among the most active stocks in Shanghai were Everbright Bank, up 7.8 percent to 3.45 yuan; Agricultural Bank Of...

  • Nov 27- Wal-Mart Stores Inc said it has cut more than 20 mid-level jobs in China as part of its effort to lower costs in the world's second largest economy where it has been grappling with slower sales and tough price competition. Raymond Bracy, China- based spokesman for Wal-Mart, said the staff cuts were a "necessary business reality," adding the retailer would pay...

  • The competition intensified as banks bet on robust demand for the currency for use in the Shanghai- Hong Kong stock connect scheme, a landmark link that gives foreign and Chinese retail investors unprecedented access to the two exchanges. "Some banks actively stored yuan funds in the past few months, but now they found demand for the currency was not as strong as...

  • SHANGHAI, Nov 27- China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan was added to brokerage accounts in the first...

  • Iconic Chinese liquor maker in graft probe Wednesday, 26 Nov 2014 | 11:00 PM ET

    BEIJING— A top official at iconic Chinese state-owned liquor maker Moutai has been snared in the country's ongoing anti-corruption campaign, the ruling Communist Party's anti-graft body said Thursday. Kweichow Moutai Group deputy general manager Fang Guoxing is under investigation for serious violations of discipline, the Central Committee for...