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  • *Judge orders Wanxiang to cease court case in Shanghai. LONDON, March 26- Trading house Trafigura and China's Wanxiang Resources are expected to agree to arbitration in Hong Kong for a dispute linked to alleged metals financing fraud after sparring over jurisdiction, lawyers for the firms said. Justice Blair at England's High Court encouraged the two sides to...

  • LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile forced companies to suspend operations at some major mines on Wednesday, putting an estimated 1.6 million tonnes of capacity on...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • SEOUL, March 26- South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank, another key U.S. ally joining the China- led institution despite Washington's misgivings. South Korea has demanded improvement in relation to the governing structure of the bank and other safeguards and there has been...

  • *ICBC, AgBank, BoC, BoCom book 4 Q rise in bad loans. SHANGHAI/ HONG KONG, March 26- Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years. The practice, though common in the West, was mostly unheard of in China just a...

  • Markit services PMI flash March at 1345 GMT. LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines,...

  • MOSCOW— Kazakhstan's government-run news agency has reported that the head of the state uranium producer, the world's largest, has died of a heart attack while on a visit to China. Kazinform news agency said Kazatomprom chairman Nurlan Kapparov, 44, collapsed early Thursday afternoon while having lunch at a restaurant in Beijing. Kazakhstan last year signed a...

  • HONG KONG/ SHANGHAI, March 26- China's Bank of Communications Co Ltd, said on Thursday its bad loan ratio rose to 1.25 percent, its highest level since 2010, as the lender grappled with borrowers' increasing inability to repay debt in China's slowing economy. The result compared with the 13.9 billion yuan average estimate of analysts polled by Thomson Reuters.

  • HANOI, Vietnam— Vietnam's prime minister on Thursday ordered a swift investigation into a scaffolding collapse that killed 13 workers and injured dozens, while a unit of South Korea's Samsung Group involved in the construction project offered initial assistance to victims' families. I quickly grabbed an iron bar but fell free, "Dan said from Ky Anh General...

  • By Manolo Serapio Jr SINGAPORE, March 26- Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. Iron ore stockpiles at Chinese mills and domestic mines have similarly declined, Citigroup said. But in the iron ore market, the typical inverse relationship between...

  • *Adidas to allow in-store product customisation. HERZOGENAURACH, Germany, March 26- German sportswear firm Adidas announced plans to revolutionise the way it manufactures goods to speed up production and allow more customisation of goods to help it accelerate sales and profit growth in the next five years. Adidas said it would focus marketing on six big...

  • China Automotive Systems posts 4Q profit Thursday, 26 Mar 2015 | 5:21 AM ET

    HUBEI PROVINCE, China _ China Automotive Systems Inc. on Thursday reported fourth-quarter earnings of $9 million. The Hubei Province, China- based company said it had profit of 28 cents per share. China Automotive Systems shares have dropped 5 percent since the beginning of the year.

  • The housing market is a key sector of China's economy but prices have slumped since early last year when the government took steps to cool a housing boom, which it quickly reversed, but the subsequent slump in house prices pulled 2014 economic growth to a 24- year low. With builders now focussed on selling unsold property, market watchers hope the sector will end...

  • FACTBOX-China property price poll in March 2015 Thursday, 26 Mar 2015 | 4:49 AM ET

    1. Please forecast the change in national average home prices in China in H1 2015 and H2 2015.. 2. Do you foresee a broad housing market recovery in China this year? Dalian, Changchun, Kunshan, Henan, Shanxi and Qingdao were the towns listed as possibilities by analysts.

  • HONG KONG/ SHANGHAI, March 26- Industrial and Commercial Bank of China Ltd said on Thursday net profit fell 3 percent in the fourth quarter of 2014, the first time its final quarter profit has fallen since 2008 as China's economic growth slows. In common with the other "big four" lenders- Agricultural Bank of China Ltd, Bank of Communications Co Ltd and China...

  • Markit services PMI flash March at 1345 GMT. SYDNEY, March 26- London copper struck its highest in nearly three months on Thursday as the dollar dropped, while a raft of weather-related mine closures in top producer Chile also underpinned prices. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines, putting...

  • HONG KONG, March 26- China sent a strong message to the International Monetary Fund this week urging that the yuan be included in its special drawing rights basket, with top officials promising further reforms and striving for full convertibility this year. The yuan's possible inclusion in the basket, an international reserve asset, will greatly enhance...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent to 3,950.00, while the Shanghai Composite Index gained 0.6 percent to 3,682.10. Among the most active stocks in Shanghai were China Shipbuilding, up 10.0 percent to 10.44 yuan, Agricultural Bank Of China, up 0.3 percent to 3.65 yuan, and China State Construction, up 2.6...

  • China, Hong Kong stocks edge up as energy shares jump Thursday, 26 Mar 2015 | 12:54 AM ET

    SHANGHAI, March 26- Shares in China and Hong Kong edged higher on Thursday as oil prices bounced, pushing up energy shares. Oil companies including PetroChina, and Offshore Oil Engineering rose, while China CNR Corp and CSR Corp Ltd surged on expectations of imminent merger of the two train-making giants. "After consecutive sessions of rises, fluctuations are...

  • Net new money from the Asia Pacific region, including Japan, amounted to 26.7 billion Swiss francs over the last four quarters, compared with $10 billion in the Americas, the bank's latest financial report shows. "We do expect wealth creation to be a big theme in China," he said. According to the Boston Consultancy Group, private financial wealth in China, where the...