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  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • March 28- China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday by the official Xinhua news agency. The so-called "One belt, One road" initiative to link Asia to Europe and...

  • UK, Switzerland accepted by China-led investment bank Saturday, 28 Mar 2015 | 1:52 AM ET

    China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.

  • SHANGHAI/ RIO DE JANEIRO, March 28- China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank, a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. China's Finance Ministry said that Austria had also applied to join, and has...

  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

  • China's yuan was devalued sharply in the 1990 s and for years China intervened heavily in exchange markets to keep it weak, raising complaints from U.S. manufacturers. Since 2005, China has let its currency appreciate by about 25 percent, and the Treasury officials repeated statements made in February that China recently appeared to be intervening a lot less.

  • Treasury Secretary Jack Lew will next week press Chinese officials to adopt a more market-determined exchange rate policy, and the Obama administration thinks further yuan appreciation would help the global economy, Treasury officials said on Friday.

  • With big projects, Ethiopia shedding famine stereotype Friday, 27 Mar 2015 | 11:52 AM ET

    ADDIS ABABA, Ethiopia— Ethiopia's planned new airport on the outskirts of the capital is still years from becoming a reality but Tewodros Dawit can already envision how grand it will look. Britain, long a source of charitable aid for Ethiopia, announced last month that Ethiopia's growing economy means the time has come for "transitioning support toward...

  • *Shanghai rebar also hits record low, but cuts losses. SINGAPORE, March 27- Spot iron ore prices hit new record lows on Friday while futures in China and Singapore slid as much as 4 percent before paring losses, on worries that global producers would continue to lift output in a well supplied market. Iron ore prices on China's Dalian Commodity Exchange hit the daily...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent at 10.23 yuan; China State Construction, up 3.0 percent at 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • March 27- Hong Kong stocks ended flat on Friday, with banking heavyweights down but property stocks firmer after news of government measures to support the real estate sector. Bank of Communications Co Ltd said on Thursday its bad loan ratio rose to 1.25 percent, the highest level since 2010.. Among the most actively traded stocks on Hong Kong's main board were...

  • US isolated as allies line up to join China-led bank Friday, 27 Mar 2015 | 3:50 AM ET

    WASHINGTON— U.S. resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies and given some heft to China's frequent complaints that Washington wants to contain its rise as a world power. South Korea, one of America's closest friends in Asia, announced Thursday it will join the Asian Infrastructure Investment Bank,...

  • SHANGHAI, March 27- Officials from Haikou city, the capital of China's southern island province of Hainan, have formally requested provincial aid in repaying municipal debts, media reported on Thursday. Haikou city is having trouble servicing its debt and has asked that the provincial government use one-third of the quota allocated to Hainan under a recently...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent to 10.23 yuan; China State Construction, up 3.0 percent to 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China has set March 31 as the deadline for joining the bank as a founder member, which will be capitalized at an initial $50 billion to provide...

  • *China market on track to end the week up about 2 pct. SHANGHAI, March 27- China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme. The impact of poor economic data released on Friday- showing profits earned by Chinese...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China is South Korea's biggest trading partner and the two countries are set to sign a free trade agreement in the first half of this year.

  • Go long China A-shares: JP Morgan   Thursday, 26 Mar 2015 | 9:04 PM ET
    Go long China A-shares: JP Morgan

    Guillaume Chatain, Head of Equity Solutions at JP Morgan Private Bank, believes bad Chinese economic news is good for equity markets.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27- What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's...