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  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • HOUSTON/ NEW YORK, April 24- Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests. An exact figure for both realized and deprived revenues is unavailable given the absence of specific data from...

  • SHANGHAI April 24- Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group, Volvo's chief said. "We have decided we will be using Ghent for Europe," Samuelsson said, referring to Volvo's factory in Ghent, Belgium. Geely is expected to start...

  • BEIJING, April 24- China plans to take a giant step towards making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. Under the pilot scheme, firms in the Shanghai free trade zone can move the yuan and other foreign...

  • KUALA LUMPUR, Malaysia— Southeast Asian leaders will seek to speed up plans for a binding code of conduct with China governing behavior in the disputed South China Sea at a summit next week, Malaysia's foreign minister said Friday. China, Taiwan and ASEAN members Malaysia, the Philippines, Vietnam and Brunei have overlapping claims in the South China Sea.

  • LONDON, April 24- Copper rose on Friday as a sharp drop in Shanghai inventories coupled with a weak dollar and robust equities more than offset the impact of weak Chinese factory data on Thursday that sent the metal to a month low. Copper inventories in Shanghai Futures Exchange warehouses fell 9.8 percent from last Friday, their lowest since February, while this...

  • BEIJING— A Chinese official publicly denied Friday rumors of an exodus of bureaucrats from the civil service following reports of widespread discontent over poor working conditions and an anti-corruption drive. Ministry of Human Resources and Social Security spokesman Li Zhong told reporters that some resignations were to be expected but nothing...

  • *Copper up as Asian equities rise, oil steadies. SYDNEY, April 24- Copper futures turned up on Friday after dropping overnight on weak Chinese industrial data, buoyed by robust share markets in Asia. Copper has been consolidating since hitting near six-year lows in January, as unexpected supply disruptions spurred analysts to cut their 2015 surplus forecasts.

  • SHANGHAI, April 24- China stocks fell on Friday, weighed down by financial heavyweights, after the securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red-hot market. "Any correction at this stage would be natural, but the bull run isn't over," said David Dai, Shanghai- based investment director at...

  • The findings echo results from earlier this week in Reuters surveys of more than 250 economists in Europe and North America who also expect more easing. The Reuters surveys across Asia, which bring the total number of forecasters polled above 300 globally this week, found nearly all central banks in the region, with a few exceptions such as New Zealand and South...

  • BEIJING, April 24- China will cut interest rates again this year and reduce the amount of reserves that banks must hold if it wants to expand its economy by 7 percent, a Reuters poll showed, in its biggest bout of policy easing since the 2008 global financial crisis. A poll of between 11-15 analysts showed China is expected to lower interest rates by 25 basis points...

  • BEIJING, April 24- China plans to let the yuan be traded with few restrictions in all of its free trade zones in coming months and later this year take nationwide the pilot scheme that is meant to make the currency more freely convertible, three sources with direct knowledge of the matter said on Friday. The scheme, which gives companies the freedom to move the yuan...

  • China stocks fall on IPO concerns; Hong Kong also down Friday, 24 Apr 2015 | 12:46 AM ET

    *AVIC's units rise after it partners with the Shanghai bourse. SHANGHAI, April 24- China stocks fell on Friday morning, dragged by financial heavyweights, after the country's securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red hot market. But it doesn't mean China's bull market is over, said...

  • BEIJING, April 24- China plans to expand a trial that frees its capital account to three other free-trade zones in coming months, and will broaden the experiment before the end of this year, three sources with direct knowledge of the matter said on Friday. The moves are milestone measures in liberalizing China's capital account, and are a crucial step in turning...

  • SHANGHAI, April 24- China's yuan was flat against the dollar on Friday as a wave of dollar demand by big state-owned Chinese banks and oil companies helped to offset a three-month high midpoint, traders said. The People's Bank of China set the midpoint rate at 6.1241 per dollar prior to market open, the yuan's strongest level since Jan. 20, or 0.07 percent firmer than...

  • METALS-Copper rises in step with stronger equities, oil Thursday, 23 Apr 2015 | 10:41 PM ET

    *Copper up as Asian equities, oil firmer. SYDNEY, April 24- Copper futures edged up on Friday after dropping overnight on weak Chinese industrial data, buoyed by robust share markets in Asia. Copper has been consolidating since hitting near six-year lows in January, as unexpected supply disruptions spurred analysts to cut their 2015 surplus forecasts.

  • BEIJING, April 24- China will increase the frequency of monetary policy adjustments, with the country's inflation in a stable trend, Li Pumin, the General Secretary of the National Reform and Development Commission, said in Beijing on Friday. The country's large infrastructure projects are also due to be accelerated, Luo Guosan, deputy head of the NDRC's...

  • Rich Chinese homebuyers are flocking here   Thursday, 23 Apr 2015 | 9:34 PM ET
    Rich Chinese homebuyers are flocking here

    Simon Henry, Co-CEO of Juwai.com, explains why the tiny Caribbean nation of Saint Kitts and Nevis is the top overseas location for Chinese homebuyers.

  • Why HK stocks remain 'relatively attractive'   Thursday, 23 Apr 2015 | 9:05 PM ET
    Why HK stocks remain 'relatively attractive'

    Even after a blistering rally, stock valuations in Hong Kong remain "fair" and earnings are headed in a good direction, says Xavier Denis, global strategist at SG Securities.

  • How important is China for Crystal Cruises?   Thursday, 23 Apr 2015 | 8:47 PM ET
    How important is China for Crystal Cruises?

    While the mainland market is growing, Crystal Cruises will not focus specifically on Chinese guests or guests departing from China, says president and COO Edie Rodriguez.