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  • China offers to help electricity-starved Nepal Friday, 26 Dec 2014 | 6:42 AM ET

    KATMANDU, Nepal— China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment. China's state-backed Three Gorges International Corp. is negotiating with Nepal over construction of a $1.6...

  • BEIJING, Dec 26- The People's Bank of China is weighing changing rules governing how loan-to-deposit ratios are calculated at banks, a move that would boost liquidity conditions, sources with direct knowledge told Reuters. The banking-sector sources said the PBOC, during a meeting with domestic financial institutions, revealed it is planning to include...

  • China stocks close up, led by financial shares Friday, 26 Dec 2014 | 2:09 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.3 percent, to 3,445.84 points, while the Shanghai Composite Index gained 2.8 percent, to 3,157.60 points. Among the most active stocks in Shanghai were Bank Of China, up 2.7 percent to 3.82 yuan; GD Power, down 1.1 percent to 4.65 yuan and China State Construction Engineering Co, down...

  • Sony film mess reflects gadgets-entertainment gap Friday, 26 Dec 2014 | 2:05 AM ET

    TOKYO— Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony Corp. has not attained the magic synergy it was hoping for. The stolid silence of Sony's Tokyo headquarters over the hoopla surrounding Sony...

  • US stocks edge higher in quiet trading Friday, 26 Dec 2014 | 12:40 AM ET

    TOKYO— Shares were mostly higher in quiet trading Friday in Asia, as most markets in the region and across the globe were closed for Christmas holidays. KEEPING SCORE: Japan's Nikkei 225 stock index edged 0.1 percent higher to 17,818.50 and South Korea's Kospi gained 0.1 percent to 1,948.41. JAPAN DATA: Shares recovered lost ground on expectations of further...

  • *Hong Kong markets closed Dec 25-26; reopen Dec 29. SHANGHAI, Dec 26- China stocks rose on Friday, led by strength in the financial sector, with analysts saying that investors were still chasing financial shares after China further eased liquidity conditions for banks. "The sector itself is still undervalued, so it will further attract investment in the...

  • Shares mostly higher in quiet holiday trading Thursday, 25 Dec 2014 | 10:19 PM ET

    Japan's benchmark edged lower after the government reported lackluster inflation, industrial production and household spending for November. KEEPING SCORE: Japan's Nikkei 225 stock index slipped 0.2 percent to 17,779.18 and Singapore's Straits Times index edged 0.1 percent lower to 3,342.20. JAPAN DATA: Japan's inflation rate eased slightly in...

  • China stocks close up over 3 pct on financial revival Thursday, 25 Dec 2014 | 2:23 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.3 percent, to 3,335.42, while the Shanghai Composite Index gained 3.4 percent. Among the most active stocks in Shanghai were Bank Of China, up 4.5 percent at 3.73 yuan; GD Power, up 4.0 percent at 4.70 yuan; and, China State Construction, up 9.8 percent to 6.71 yuan. In Shenzhen, the most...

  • SHANGHAI, Dec 25- Shanghai copper futures inched up slightly on Thursday, as hopes of new official measures to invigorate the economy offered support for prices, even though domestic demand for the metal continued to sag. In a sign of weak local demand, spot premiums for copper in Shanghai bonded warehouses fell to just 80 yuan a tonne, compared with between $40- $50...

  • SHANGHAI, Dec 25- Shanghai copper futures were mostly flat in early trading on Thursday, as hopes of more support policies to invigorate the economy helped boost prices, even as domestic demand for the metal continued to sag. In a sign of weak local demand, spot premiums for copper in Shanghai bonded warehouse fell to just 80 yuan a tonne, compared with between $40-...

  • *Hong Kong markets closed Dec 25, 26; reopen Dec 29. SHANGHAI, Dec 25- Chinese stock markets rallied sharply on Thursday led by financials after reports circulated that the central bank is moving to further ease liquidity conditions inside banks. Also, funds locked up by IPOs have gotten unfrozen since yesterday, largely improving capital conditions in the market, "...

  • HONG KONG, Dec 25- Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China- related deals, but salaries and bonuses still trail far behind those paid by Western banks. "This is the first time since 2009 we have seen an increase of base and total compensation," said Maggy Fang,...

  • *Rouble dips after S&P threatens Russia with junk status. *Brent oil drops back to $60 a barrel. Most Asian markets had edged up overnight and Europe was looking to close the Christmas week up 1 percent despite a subdued day on Wednesday.

  • LONDON, Dec 24- The rouble slipped on Wednesday after ratings agency Standard& Poor's warned it could downgrade Russia in the new year, while robust U.S. growth data boosted bets on the Federal Reserve raising rates soon, subduing broader emerging markets. The rouble dropped 0.2 percent against the dollar in the wake of S&P warning that Russia's sovereign rating...

  • *Rouble dips after S&P puts Russia on junk downgrade warning. LONDON, Dec 24- The strongest growth for the world's largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/ 2 year high. The data drove both the Dow Jones and the S&P 500 benchmark...

  • *Follows investigations announced Monday in Taiwan, China. SEOUL, Dec 24- South Korea has indicted the chief executive officer and local subsidiary of Uber Technologies Inc for violating a law governing public transport, becoming the latest jurisdiction to challenge the U.S. taxi service provider. The Seoul Central District Prosecutors' Office issued the...

  • Auto industry acts globally _ except on recalls Wednesday, 24 Dec 2014 | 3:01 AM ET

    Six years ago, Honda began recalling driver's side air bags in the U.S. The air bags, made by Japanese supplier Takata Corp. at a now-shuttered plant in Georgia, can inflate with too much force, spewing shrapnel into the vehicle. But it wasn't until November of this year— after the death of a driver in Malaysia— that Honda recalled driver's side air bags in small cars...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.8 percent, to 3,230.39, while the Shanghai Composite Index lost 1.9 percent, to 2,972.53 points, dropping below 3,000- considered a sentiment support level- for the first time since Dec. 17. Among the most active stocks in Shanghai were GD Power, up 0.9 percent to 4.53 yuan; Bank Of China,...

  • China stocks fall, some see market stalling Tuesday, 23 Dec 2014 | 11:50 PM ET

    *Hong Kong market shuts, to reopen Monday. SHANGHAI, Dec 24- China stock indexes fell on Wednesday, with signs emerging in futures contracts that what analysts originally saw as a profit-taking blip earlier in the week for mainland stocks may be gaining traction. The Hong Kong market, which closed at midday Wednesday and won't reopen until Monday, edged up.

  • Hong Kong shares edge up 0.1 pct in half-day session Tuesday, 23 Dec 2014 | 11:40 PM ET

    HONG KONG, Dec 24- Hong Kong shares finished marginally higher on Wednesday in a short trading session, as the stock exchange closed early for the Christmas holiday and will not reopen until Monday. Among the most actively traded stocks on Hong Kong's main board were ICBC, down 1.3 percent to HK $5.46 CCT Land, unchanged at HK $0.02 and Bank of China, down 0.7 percent...