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  • SHANGHAI/ HONG KONG, March 31- As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers. The hope is that by making it easier for buyers to get mortgages, China can revive the housing market, which accounts for 15 percent of its...

  • BEIJING— China announced plans on Tuesday to roll out its first deposit insurance in May as part of steps to make the state-owned banking industry more flexible and competitive. It said that would cover more than 99.6 percent of depositors but would exclude branches of foreign banks in China. "The introduction of deposit insurance is an important step in...

  • LONDON, March 31- After three months dominated by a rising dollar, interest rate cuts by 26 central banks and hefty equity gains, the big winner was the Chinese stock market. Investors who bought Shanghai- listed A shares at the start of the year have registered gains of 17 percent on a total return basis in dollar terms. Federal Reserve and the European Central Bank,...

  • *Market seen in global surplus of around 65,000 T in 2015- Natixis. Nickel has almost halved in value since hitting two-year highs above $21,000 last May, as an expected supply crunch in China failed to materialise while LME stocks hit record highs. While the market has concentrated heavily on the supply scenario, Nic Brown, head of commodities research at...

  • *Some investors bet Indonesia will relax ore export ban- analyst. LONDON, March 31- Nickel plunged to near a six-year low on Tuesday on worries over record stockpiles, weak demand for stainless steel and growing doubts over the fate of Indonesia's ore export ban that many believed would tighten the market. Nickel prices have nearly halved since hitting two-year...

  • LONDON, March 31- Emerging market equities rose 0.4 percent on Tuesday and were on track for their first quarterly gain since mid-2014, thanks primarily to robust Chinese markets, though most currencies fell versus the dollar. The Shanghai index fell 1 percent on Tuesday, off seven-year highs. The MSCI emerging equity index is up 1.7 percent on the quarter after...

  • PARIS, March 31- French car parts maker Faurecia announced a joint-venture deal with Dongfeng, the Chinese state-controlled automotive group, in a move designed to increase its presence in the world's biggest autos market. Faurecia, majority-owned by PSA Peugeot Citroen, said on Tuesday the venture would target sales of 2 billion euros to Dongfeng and its...

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • Greatfire.org said Chinese authorities carried out the attacks by installing malicious code on the computers of users visiting the popular Chinese search engine Baidu and related sites and using those computers to overwhelm Github and Greatfire.org websites with service requests. The Open Technology Fund, a U.S. government-backed initiative to...

  • SHANGHAI, March 31- Hong Kong shares finished higher on Tuesday following the Chinese central bank's decision to loosen some restrictions on real estate lending. Hong Kong's benchmark Hang Seng index had risen 0.5 percent in the morning, touching a six-month-high, with Hong Kong- listed Chinese companies climbing on signs of fresh money inflows from the...

  • BEIJING, March 31- China is set to start a maiden insurance system for bank deposits from May, two sources with knowledge of the matter said on Tuesday, a development considered by many analysts to be a crucial financial reform. The insurance system and a fund that banks will have to pay into to finance the protection of depositors will be managed by the central bank,...

  • MELBOURNE, March 31- London nickel tumbled to near six-year lows on Tuesday on the back of momentum selling before cutting losses, but was set to end the month down nearly 10 percent, as record supply and weak stainless steel demand pummelled prices. Nickel prices have nearly halved since hitting two-year highs above $21,000 last May, as an expected supply crunch...

  • SHANGHAI, March 31- China stocks shed early gains and fell on Tuesday, snapping a three-day winning streak as some investors who front-ran Beijing's property easing policies dumped shares to lock in profit. Among the most active stocks in Shanghai were China State Construction, down 3.3 percent to 7.68 yuan; Bank of China, down 1.6 percent to 4.39 yuan and...

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • *Shanghai, Hong Kong, Seoul, Taipei shares to rise through 2015. BENGALURU, March 31- Shares in China and other East Asian markets will extend their rally this year, buoyed by additional policy easing expected from Beijing and other regional central banks, a Reuters poll showed. "mainland government has shown a clear attitude in supporting the stock market as it is a...

  • SHANGHAI, March 31- As stock market investors cheer Beijing's latest bid to boost the country's ailing housing sector, Chinese bankers are gritting their teeth over the risks they face in further relaxing lending rules to home buyers. The hope is that by allowing buyers to get mortgages more easily, China can revive the housing market, which accounts for 15...

  • Huawei reports 2014 profit up 33 percent Tuesday, 31 Mar 2015 | 2:51 AM ET

    BEIJING— Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, said Tuesday its 2014 profit rose 33 percent, helped by strong sales of smartphones. The company based in the southern Chinese city of Shenzhen said it earned 27.9 billion yuan last year. Huawei is privately held but has released annual results in recent years...

  • Vietnam hit by rare strike at major footwear factory Tuesday, 31 Mar 2015 | 2:44 AM ET

    HANOI, March 31- Thousands of workers at a major factory in southern Vietnam went on strike for a fifth day on Tuesday in protest over social insurance cover, in rare show of labour unrest in a country positioning itself as a future Asian manufacturing powerhouse. Witnesses in the industrialised suburbs of Ho Chi Minh City said hundreds of workers massed...

  • *Hong Kong shares up on signs of inflows from China. SHANGHAI, March 31- China stocks hit fresh seven-year highs on Tuesday morning, helped by rises in property and banking stocks after Beijing eased lending policies to bolster the struggling real estate market. Hong Kong's benchmark Hang Seng index rose 0.5 percent on China's latest easing move, touching...

  • TOKYO— Japan is not planning to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, while Taiwan announced it would apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington. "As of today, Japan will not join AIIB and a clear explanation has not been received from China," Suga...