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  • BEIJING, Feb 28- China's central bank said on Saturday it would cut benchmark interest rates by 25 basis points to 5.35 percent, a widely expected move as the world's second largest economy continues to show signs of weakness despite previous easing measures. "The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends...

  • China's central bank cuts rates again to boost economy Saturday, 28 Feb 2015 | 5:46 AM ET

    BEIJING— China on Saturday cut interest rates for the second time in three months, adding to signs that Chinese leaders are worried that the economic slowdown is deepening too sharply. The People's Bank of China announced a rate cut on one-year loans by commercial banks by 0.25 percentage point to 5.35 percent. Last year, China's economic growth fell to 7.4...

  • China jails ex-vice governor 17 years on graft charges Friday, 27 Feb 2015 | 10:27 PM ET

    BEIJING— A former Chinese vice governor known for his appetite for jade and arts was sentenced to 17 years in prison on corruption charges on Saturday, a Chinese court said. Ni Fake, former vice governor of the eastern province of Anhui, was found guilty of taking more than $2 million in bribes, the Municipal Intermediate People's Court for the eastern city of...

  • WASHINGTON, Feb 27- A bipartisan group of U.S. legislators reintroduced a bill on Friday aimed at putting pressure on China to ensure autonomy and human rights in Hong Kong. It would require the U.S. secretary of state to certify annually that Hong Kong is sufficiently autonomous before enacting any new laws or agreements granting Hong Kong such different...

  • LONDON, Feb 27- Copper rebounded from losses on Friday and climbed 7 percent overall in February, the biggest monthly gain in more than two years, as investors bet on renewed demand following China's long Lunar New Year holiday. Copper slid earlier on Friday after sharp increases in inventories triggered concerns about oversupply, but bullish investors got the...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

  • *Shanghai copper stocks surge 32.6 pct. LONDON, Feb 27- Copper fell on Friday following sharp increases in inventories, reigniting concerns about oversupply weighing on the market and giving bearish Chinese speculators a chance to resume selling. While there was a knee-jerk reaction by traders, big increases in Shanghai stocks often occur following the Lunar...

  • BEIJING/ WASHINGTON, Feb 27- China is weighing a far-reaching counterterrorism law that would require technology firms to hand over encryption keys and install security "backdoors", a potential escalation of what some firms view as the increasingly onerous terms of doing business in the world's second largest economy. The initial draft, published by the...

  • LONDON, Feb 27- Copper fell on Friday following sharp increases in inventories, reigniting concerns about oversupply weighing on the market and giving bearish Chinese speculators a chance to resume selling. Copper has been recovering from 5-1/ 2 year lows touched last month, partly driven by heavy selling by Chinese hedge funds due to concern about demand in...

  • * "Now we know China better," deputy PM says. KRASNOYARSK, Russia, Feb 27- Russia may consider allowing Chinese investors more than 50 percent stakes in its strategic oil and gas fields, an official said on Friday, an about-face by Moscow that underlines its need for foreign help to develop energy reserves. But now that Western sanctions over Moscow's role in Ukraine...

  • BEIJING— Global stocks were lackluster Friday after Japan reported mixed economic data and investors waited for revised U.S. growth figures. KEEPING SCORE: In early trading, France's CAC-40 was little changed at 4,911.03 and Germany's DAX gained 0.05 percent to 11,332.45. Britain's FTSE 100 was steady at 6,949.04.

  • *GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.

  • Hong Kong shares close down Friday, flat for week Friday, 27 Feb 2015 | 3:09 AM ET

    HONG KONG, Feb 27- Hong Kong shares finished down on Friday as investors awaited clearer signals on the direction of China's monetary policy and industrial growth, ending a week on a flat note. Mainland news reports that 23 banks in Zhejiang would be allowed to cut their reserve ratios requirement another 50 basis points boosted financials early in the day, but...

  • China stocks end a solid February with small rises Friday, 27 Feb 2015 | 2:18 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent on Friday, to 3,572.84, gaining 1.4 percent for the week, while the Shanghai Composite Index gained 0.4 percent, to 3,310.30 points, up 2 percent for the week. Among the most active stocks in Shanghai on Friday were Bank of China, down 0.7 percent to 4.11 yuan; China Petroleum, up...

  • *Dropped brands include Cisco, Apple, McAfee, Citrix. BEIJING, Feb 27- China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance. Smartphone and PC maker Apple Inc has also been...

  • *Zhejiang easing measures boost financials. SHANGHAI, Feb 27- China stocks rose on Friday after domestic media reported easing measures for small banks in Zhejiang province, and looked set to post solid gains for the month. The People's Bank of China made a system-wide cut to bank reserve requirements on Feb. 5, the first time it has done so in over two years, and said...

  • HONG KONG, Feb 27- China's yuan fell to its lowest level against the dollar in more than two years on Friday, raising questions about whether the world's second-largest economy will devalue its currency to avert a sharper economic slowdown. With fears of a global currency war rising, all eyes in Asia are focused on what China will do as it grapples with inflation...

  • *Gold down nearly 6 pct in Feb, biggest monthly loss since Sept. SINGAPORE, Feb 27- Gold advanced for the third session on Friday and was on track to end a four-week losing streak, supported by firm Chinese demand and a change in views on U.S. interest rates, with some again betting that an increase would not be delayed. Gold has fallen more than 7 percent from a five-month...

  • *Dropped brands include Cisco, Apple, McAfee, Citrix. BEIJING, Feb 27- China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance. Others put the shift down to a protectionist...