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  • SHANGHAI, Oct 21- China's Ministry of Finance has circulated a draft document on how it might let local governments raise funds for projects under way, including allowing them to issue bonds to replace outstanding debt, people knowledgeable about the document said. The draft comes after Beijing earlier this month cut access to the financing vehicles that...

  • *China growth slows, but economy grew slightly more than expected. LONDON, Oct 21- A two-day rebound in global shares slowed and the dollar edged lower on Tuesday, as slightly above forecast Chinese growth data failed to erase concerns that the world's second-biggest economy is losing momentum. The Australian dollar, often seen as a liquid proxy of Chinese growth...

  • BEIJING, Oct 21- China's daily crude steel runs rose 1.3 percent in September to the highest level in three months, data from the country's statistics agency showed, suggesting mills were still close to full capacity despite weak demand and a steep slump in prices. China produced 67.54 million tonnes of crude steel in September, down 2 percent from the previous...

  • TOKYO, Oct 21- The time is "ripe" for Japan and the United States to reach a breakthrough in talks for a Trans-Pacific Partnership trade pact, the U.S. commerce secretary said on Tuesday, adding that the two were "a lot closer" to a deal than in recent months. Penny Pritzker, who is in Japan with a trade mission of U.S. energy and medical companies, said both countries needed...

  • *Total's CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night. The collision occurred minutes before midnight Moscow time as de Margerie's Dassault Falcon jet was taking off...

  • *Total's CEO a defender of Moscow policies. MOSCOW, Oct 21- The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night. The collision occurred minutes before midnight Moscow time as de Margerie's Dassault Falcon jet was taking...

  • SHANGHAI, Oct 21- China shares fell on Tuesday, with pharmaceutical and property sectors hit by profit-taking and weak economic data, but losses were capped by optimism the government will roll out more policies to support the slowing economy. Shenzhen Neptunus Bioengineering Co Ltd slumped 4.9 percent and Da An Gene Co Ltd 5.6 percent. China Merchants...

  • *China growth slows, but economy grew slightly more than expected. European shares might fare better at the open, with financial spreadbetters predicting Britain's FTSE 100 would open up 0.1 percent, while Germany's DAX and France's CAC 40 were each seen up 0.2 percent. It was also the weakest growth rate in nearly six years, putting at risk Beijing's official...

  • TOKYO, Oct 21- Japanese stocks fell on Tuesday, with the market latching on to comments from the welfare minister on the country's public pension fund as an excuse to take profits from outsized gains the previous day. The Nikkei share index lost 2.0 percent, closing at 14,804.28 and erasing half of its 4.0 percent gains on Monday, made on bets the Government Pension...

  • BEIJING, Oct 21- China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth. China's gross domestic product grew 7.3 percent in the third quarter from a year earlier,...

  • SHANGHAI/ BEIJING, Oct 21- Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution. But many of China's smaller indigenous automakers will struggle to make the costly upgrades needed to meet the new rules, which...

  • SINGAPORE, Oct 21- Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. Front-month Brent inched up 1 cent to $85.41 at 0544 GMT, remaining entrenched at below $100 since early September. U.S. crude for November delivery gained 30...

  • China shares slip on GDP data; Hong Kong edges lower Tuesday, 21 Oct 2014 | 1:08 AM ET

    SHANGHAI, Oct 21- China shares eased on Tuesday, with pharmaceutical and property sectors hit by profit-taking and weak economic data, but losses were limited on optimism the government will roll out more policies to help industry amid a slowing economy. "In China, the economic environment is not the only factor driving the market. Other issues, such as government...

  • *China growth slows, but economy grew slightly more than expected. China's gross national product expanded 7.3 percent between July and September from a year earlier, slightly above expectations but slower than the 7.5 percent clocked in the second quarter. But we definitely cannot achieve the 7.5 percent growth target this year, "said Lin Caiyi, chief...

  • SINGAPORE, Oct 21- Brent edged up on Tuesday, holding above $85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. Front-month Brent was up 13 cents to $85.53 at 0418 GMT, remaining entrenched at below $100 since early September. U.S. crude for November delivery gained 29 cents...

  • China growth at 6% by end of decade: AMP     Tuesday, 21 Oct 2014 | 12:09 AM ET

    Shane Oliver, Head of Investment Strategy, Chief Economist at AMP Capital, explains why China's growth pace will steadily cool over the coming years.

  • SYDNEY, Oct 21- London copper edged up on Tuesday as hopes grew of more stimulus measures from China after the top consumer of the metal reported a slowing of third-quarter economic growth to its weakest since the 2008/ 09 global financial crisis. "The data looks in line with our central case, which is continued moderation in China's growth outlook, but still on an...

  • BEIJING, Oct 21- Growth in China real estate investment slowed in the first nine months of 2014, while property sales and new construction tumbled, helping to drag broader economic growth to a near six-year low. Real estate investment, which affects more than 40 other sectors from cement to furniture, rose 12.5 percent in January- September from a year earlier,...

  • BEIJING, Oct 21- China's economic growth slowed in the third quarter to its weakest since the 2008/ 09 global financial crisis as a slumping property market dragged on manufacturing and investment, adding to concerns about flagging global growth. The weaker gross domestic product figure fed speculation that China will miss its official full-year growth...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...