Art Cashin of UBS Financial Services discusses why the U.S. stock market was under pressure Monday.» Read More
China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.
KUALA LUMPUR, March 10- The Malaysian passenger jet that disappeared on Saturday did not make automatic contact with a flight data-monitoring system after vanishing from radar screens, two people familiar with the matter said.
Neither the Malaysian agency leading the investigation locally, Special Branch, nor spy agencies in the United States and Europe have ruled out the possibility that militants were involved in downing the aircraft, which suddenly disappeared while flying at 35,000 feet en route from Kuala Lumpur to Beijing.
*Iron ore stocks in China swell to record 105 mln tonnes. SINGAPORE, March 10- Chinese steel futures hit record lows and spot iron ore prices posted the biggest one-day fall in over four years on Monday after China's trade balance swung into deficit and amplified fears of a slowdown in the world's No. 2 economy.
*Simmering tensions over Ukraine hurt stocks, lift gold. LONDON, March 10- Gold recovered from early losses to edge higher on Monday as support from the standoff in Ukraine offset pressure from last week's strong U.S. payrolls data and weakness in other commodities after a sharp drop in Chinese exports.
*Jitters over Ukraine contained for now. NEW YORK, March 10- The U.S. dollar held steady against major currencies on Monday, supported by hopes U.S. job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained.
March 10- A Chinese state-owned company offered to buy Montage Technology Group, a Shanghai- based chipmaker, in a deal valued at about $600 million, roughly four months after failing to buy rival RDA Microelectronics Inc.
*Copper and oil hit by China, U.S. jobs data knocks gold. LONDON, March 10- World stocks edged off a six-year peak and commodities from copper to crude oil tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.
*Iron ore stocks in China swell to record 105 mln tonnes. SINGAPORE, March 10- Chinese steel and iron ore futures fell to their lowest levels ever on Monday after a surprise drop in exports swung China's trade balance into deficit last month and amplified fears of a slowdown in the world's No. 2 economy.
March 10- Chipmaker Montage Technology Group said it received a buyout offer from a Chinese state-owned company, valuing it at about $600 million. Shanghai Pudong Science and Technology Investment Co Ltd offered to buy Shanghai- based Montage for $21.50 per share in cash.
LONDON, March 10- Gold prices steadied on Monday, under pressure from last week's strong U.S. payrolls data and a sharp drop in Chinese exports which fuelled selling of commodities, but supported by tensions in Ukraine. Spot gold was at $1,339.30 an ounce at 1214 GMT, little changed from $1,339.85 late on Friday.
KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 10- T he disappearance of a Malaysian jetliner is an "unprecedented mystery", the country's civil aviation chief said on Monday, as a massive air and sea search now in its third day failed to find any trace of the plane or 239 people on board.
LONDON, March 10- Gold fell on Monday, under pressure from last week's strong U.S. payrolls data, and after a sharp drop in Chinese exports fuelled heavy selling of commodities by prompting concerns of a slowdown in the world's second-largest economy.
*China swings to trade deficit in February, exports tumble. *China copper imports fall 30 pct in Feb vs Jan. LONDON, March 10- London copper hit an eight-month low on Monday and Shanghai contracts dropped by the 5 percent daily limit, fanned by fears over the unwinding of copper finance deals in China after its first domestic bond default last week.
*Copper, oil hit by China, stronger US jobs knocks gold. LONDON, March 10- World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.
Charles Dumas, chief economist at Lombard Street Research, says that in terms of volumes, Chinese exports are "not all that much lower," and explains why he continues to be bearish on China.
KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 10- T he disappearance of a Malaysian jetliner is an "unprecedented aviation mystery", a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of the plane or the 239 people aboard.
BEIJING, March 10- Chinese research funding into genetically-modified organisms has fallen by 80 percent over the last four years, a member of a parliamentary advisory body said, as Beijing faces public unease over a technology it has been promoting to boost food security.
*China likely to exceed 2015 hydropower targets by 5-10 GW. China, already the biggest hydropower producer, is on course to exceed a target to raise its hydro capacity by 70 gigawatts over 2011-2015, but a slowdown in project approvals means it is behind on its longer-term goals.
Steven Englander, global head of G10 foreign exchange strategy at Citi, says the Chinese export data must be read very carefully and discusses the data's impact on the Australian dollar.