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  • 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...

  • 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...

  • *Gold fell 2.4 pct in March, second monthly loss. LONDON, April 1- Gold eased on Wednesday after ending March down more than 2 percent, as the dollar edged higher and as expectations that U.S. interest rates will rise this year weighed on the metal. Gold is particularly sensitive to shifts in U.S. interest rates, which also move the dollar, in which the metal is priced.

  • *Companies struggling in China and much of Asia. April 1- Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there. But three separate surveys of China's factory and services sectors released on Wednesday...

  • Gloomy China, Japan data add to pressure for stimulus Wednesday, 1 Apr 2015 | 5:36 AM ET

    BEIJING— China and Japan reported gloomy industrial data Wednesday, adding to pressure on leaders of the world's second- and third-largest economies to launch new stimulus. Both China and Japan are relying on U.S. demand and a strong dollar to offset internal problems. The surveys by HSBC Corp. and an industry group, the China Federation of Logistics and...

  • *Oil remains under pressure as talks on Iran continue. Europe's benchmark FTSEurofirst 300 recovered from a early wobble to put London's FTSE Germany's DAX and France's CAC up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher. Crude oil prices maintained their decline as an extension of talks between Iran and world powers...

  • HONG KONG, April 1- Hong Kong stocks rose on Wednesday after a better-than-expected Chinese factory activity survey, with start-up shares surging after China allowed insurers to invest in the city's Growth Enterprise Market. UBS strategist Lu Wenjie said that with China's small-cap stocks 10 times more expensive than their Hong Kong- listed peers, and...

  • SINGAPORE, April 1- The United States expects the trade promotion authority legislation, which is seen as an important step to speed free trade deals, will be passed by the Congress over the next month, a U.S. official said on Wednesday. "We believe that the votes are there to move forward," Catherine Novelli, U.S. under secretary of state for economic growth, energy and...

  • BEIJING, April 1- China's Foreign Minister has reported "significant progress" in the core issues around the talks on Iran's nuclear program, the foreign ministry said on Wednesday, as the six world powers and Iran extended talks into an extra day. The negotiators ended talks in the Swiss city of Lausanne in the early hours of Wednesday and said they would...

  • China stocks jump to 7-year highs on factory survey Wednesday, 1 Apr 2015 | 3:18 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.8 percent, to 4,123.90 points, while the Shanghai Composite Index gained 1.7 percent, to 3,810.29 points. Among the most active stocks in Shanghai were Bank Of China, up 0.9 percent to 4.42 yuan; Agricultural Bank of China, up 0.5 percent to 3.69 yuan and United Network, up 10.1 percent...

  • European shares fall early; euro zone PMIs eyed Wednesday, 1 Apr 2015 | 3:08 AM ET

    PARIS, April 1- European shares dropped in early trading on Wednesday, starting the new quarter on a negative note after poor macro data from China. Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, fuelling expectations that Beijing will have to roll out more policy support to avert a...