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  • *Shanghai bonded nickel premiums jump $20 as LME price sinks. "Most Chinese NPI producers are under water at these prices, so it's really not sustainable under $13,000," said analyst Vivienne Lloyd at Macquarie in London. NPI, used in the production of stainless steel and as a cheaper alternative to refined nickel and ferronickel in China, had production costs of...

  • *CNOOC, China Southern Power Grid execs being probed. CNOOC could also not be reached for comment. China's president, Xi Jinping, has warned that corruption threatens the survival of China's ruling Communist Party and his two-year anti-graft campaign has brought down scores of senior officials in the party, the government, the military and state-owned...

  • April 2- Hong Kong's benchmark Hang Seng index rose to seven-month highs on Thursday, while growth stocks soared on expectations of fresh money inflows from the mainland. China has recently encouraged mainland mutual funds to buy Hong Kong shares and also expanded Chinese insurers' investment scope, allowing them to buy stocks listed on the Growth Enterprise...

  • MELBOURNE, April 2- London nickel climbed nearly 2 percent on Thursday on technical buying, sparked after traders brought more into China following a steep price drop earlier in the week. Traders have stepped up imports of nickel and related products into China this week, after domestic nickel pig iron plants shut due to a crackdown on pollution, and global...

  • *China would be first emerging nation to join IMF currency basket. BRUSSELS, April 2- China is closer to joining the major league of reserve currencies with a deal possible later this year to include the yuan in the International Monetary Fund's unit of account, international finance officials say. However the United States, where China's growing economic and...

  • SHANGHAI, April 2- China stocks rose on Thursday, with sentiment boosted by news that Beijing is expanding the investment scope of country's 1.2 trillion yuan social security fund. The government announced late on Wednesday that the fund, which backs China's pension system, will be allowed to buy more local government debt, investment trusts and shares in...

  • HONG KONG, April 2- Seasonal demand for copper in China is likely to be moderate in the second quarter compared with previous years, with end users holding limited cash as the economy slows, industry sources in the country said. End users in China, the world's top consumer and producer of refined copper, typically increase purchases around the second quarter to...

  • *Chinese companies snap up $391 bln of foreign assets in decade. HONG KONG, March 27- ChemChina, which could soon face the task of integrating Italian tyre-maker Pirelli after its $7.7 billion bid, can take heart in the knowledge that Chinese buyers have made a decent fist of growing global brands in recent years. Success stories include the landmark 2004 purchase...

  • HONG KONG, April 2- Yuan deposits in Hong Kong contracted for the second straight month in February, a sign that more measures to encourage yuan fund flows from the onshore market may be needed to grow the world's biggest offshore yuan pool. Yuan deposits grew quickly in Hong Kong after China in 2009 allowed cross-border trade to be settled in its currency.

  • *U.S. military supports Australia buying Japanese submarines. *Other competitors in the project are from Germany and France. ADELAIDE, Australia, April 2- Washington's strategic ambitions in Asia are looming large over Australia's multi-billion dollar tender for new submarines, giving Japan a possible edge over competitors from Germany and France, defence...

  • LOS ANGELES— Neither Vin Diesel nor producer Neal Moritz wanted a sequel to "The Fast and the Furious." The 2001 film about a group of East Los Angeles street racers and the FBI agent who infiltrates their ring just wasn't "that kind of film," according to Moritz. Then, when director Justin Lin and screenwriter Chris Morgan stepped in for the third film, "Fast and Furious:...

  • WASHINGTON, April 1- China's bank technology restrictions and a draft anti-terrorism law may run counter to the country's international trade commitments, the U.S. Rules asking technology suppliers to Chinese banks to divulge source code, pushing China's state-owned banks to buy technology from domestic vendors, "may raise substantive concerns" about...

  • *Oil rallies as talks on Iran continue. NEW YORK, April 1- U.S. stocks fell for a second day and the dollar dipped after a weaker-than-expected report on private sector employment spurred investor concerns that a highly anticipated monthly U.S. jobs report on Friday could also point to slowing economic growth. However, oil futures rallied as talks over Iran's...

  • Surveys show China manufacturing weak in March Wednesday, 1 Apr 2015 | 9:51 AM ET

    BEIJING— China's manufacturing was lackluster in March and industrial employers shed more jobs, two surveys showed Wednesday, adding to pressure on Beijing to shore up weakening growth in the world's second-largest economy. HSBC's monthly manufacturing index, which is based on a survey of factory purchasing managers, fell to 49.6 from 50.7 in February on a...

  • Sino Agro posts 4Q profit Wednesday, 1 Apr 2015 | 9:31 AM ET

    GUANGZHOU, China _ Sino Agro Food Inc. on Wednesday reported fourth-quarter net income of $23.7 million. On a per-share basis, the Guangzhou, China- based company said it had profit of $5.13. Keywords: Sino Agro Food, Earnings Report.

  • *EU yet to decide, could favour China to win favour with Beijing. In a draft letter seen by Reuters, the head of the European Commission's Legal Service, Luis Romero Requena, warned the head of the trade directorate that the EU would not have a good case to disregard the effects of the World Trade Organization viewing China as a more market-based economy-- a status that...

  • *China official PMI edges up to 50.1 in March. *China bonded nickel premiums jump $15 on bargain hunting. Three month nickel on the LME rebounded 1 percent to $12,515 a tonne by 1027 GMT after earlier hitting a near six-year lows of $12,310 and following a 3.8 percent slump on Tuesday.

  • HONG KONG, April 1- Chinese investment fund GO Scale Capital will use its $2.8 billion winning bid for Philips's lighting unit as a model to pursue other potential takeovers in areas such as biomedicine and clean energy, its executives said on Wednesday. Beijing- based GO Scale has roped in well-connected China Internet and green technology investors, such as...

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • SHANGHAI, April 1- China's leading over-the-counter equity exchange is cracking down on illegal trading, with concerns growing that the market, which is aimed at small high-growth firms and private equity investors, is overheating. The operator of Beijing's "New Third Board" said late on Tuesday it was investigating a series of "ultra-high" price quotations...