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  • GUIYANG, China, May 26- Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, company Chairman Terry Gou said on Tuesday. The company could spend a "few billion dollars" on developing the facilities, said Gou, whose company's listed...

  • Expectations that yuan-denominated shares listed on the Shanghai and Shenzhen exchanges could make the cut have grown as reforms such as the Hong Kong-Shanghai Stock Connect scheme have helped open up China's stock market. "FTSE have offered a half-measure and that's not completely suprising given the intransigence with which a number of major index...

  • GUIYANG, China/ SHANGHAI, May 26- Uber Technologies Inc is leading a charm offensive in China even as the controversial U.S. ride-hailing app valued at $40 billion battles with raids on its offices and a crackdown on its drivers deemed to be operating illegally. Speaking at a technology conference in southern China, CEO Travis Kalanick called on local...

  • IMF official says China's yuan no longer undervalued Tuesday, 26 May 2015 | 6:37 AM ET

    BEIJING— The International Monetary Fund no longer believes China's tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF's first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange...

  • *IMF expects China growth of 6.8 pct this year. BEIJING, May 26- China's yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday. In a reference to how China still has a large trade surplus, despite yuan...

  • LONDON, May 26- Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher. Europe's main markets returned to action after a long weekend with the mood unsettled by Sunday's strong local election showing by...

  • *China could be included in key benchmark in two years. Inclusion in benchmark indexes could pour billions of dollars into China stocks over time. The two new emerging markets indexes would merge with the standard FTSE emerging markets index when China shares meet the provider's criteria, he said.

  • SHANGHAI, May 26- Chinese five- and ten-year treasury futures for September delivery were down nearly one percent today, in their sharpest one day move since hitting the market, as rising municipal bond supply threatens to complicate the central bank's easing bias. The rebound in yields is likely partly technical, after the central bank cut its policy rate by 25...

  • SHANGHAI, May 26- Chinese five-year treasury yields have risen 16 basis points in the past ten days to 3.16 percent, following a flurry of new municipal bond issuance by heavily indebted provinces. "The central bank's easing policies will mainly push down one- or two-year rates," said Frances Cheung, Head of Rates Strategy Asia Ex-Japan at Societe Generale.

  • SHANGHAI, May 26- China stocks rose again on Tuesday to another seven-year high, with tech stocks returning to investors' favor on fresh signs of government support. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent, to 5,198.92, while the Shanghai Composite Index gained 2.0 percent, to 4,910.90 points.

  • MACAU— Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.

  • TOKYO, May 26- China's drive to create a Beijing- led Asian development bank seen as a threat to U.S. and Japanese regional clout is adding to a sense of urgency among Japanese officials keen to get a 12- nation pan-Pacific trade pact off the ground. Japan hopes the Trans-Pacific Partnership will help anchor ally Washington in Asia and create a rule-based regime...

  • COLUMN-LME zinc bulls get fooled again: Andy Home Tuesday, 26 May 2015 | 1:32 AM ET

    SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...

  • *China's IT, defence stocks surge on signs of policy support. SHANGHAI, May 26- Hong Kong stocks jumped on Tuesday, flirting with seven-year highs, on expectations of more investment flowing from the mainland following Beijing's moves to expedite cross-border investment. Both markets were apparently encouraged by a new cross-border investment scheme...

  • TOKYO, May 26- Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session.

  • MELBOURNE, May 26- Fortescue Metals Group said on Tuesday it was not aware of any parties seeking permission from Australia's regulators to take a stake in the company, after its shares jumped 15 percent on a media report that Chinese firms had applied to buy a stake. The Australian Financial Review reported that Chinese-linked companies had sought permission...

  • China announced over the weekend that it would allow funds domiciled in Hong Kong and China to be sold in each others' market starting July 1, in China's latest step to facilitate cross-border investment. Lu Wenjie, a strategist at UBS Securities, estimated last week that Chinese investors could potentially pump 200 billion yuan into Hong Kong stocks in the next...

  • Vedanta CEO: Iron ore will always be in demand   Monday, 25 May 2015 | 9:43 PM ET
    Vedanta CEO: Iron ore will always be in demand

    Speculation about Chinese investments in Fortescue Metals reinforces the fact that the iron ore sector remains "very strategic," says Tom Albanese, CEO of Vedanta Resources.

  • SANTIAGO, May 25- Chile's central bank and the People's Bank of China are clearing a path for the use of the Chinese yuan in South America as the two countries look to strengthen their trade relationship. China's central bank said in a statement that it had appointed China Construction Bank as the yuan clearing bank in Chile. China also agreed to grant a 50 billion...

  • Marriott: 'Hotel occupancy still good in Macau'   Monday, 25 May 2015 | 9:16 PM ET
    Marriott: 'Hotel occupancy still good in Macau'

    Simon Cooper, managing director for Asia Pacific at Marriott International, says occupancy rates in Macau are unaffected by the fall in gaming revenues hence the decision to open the 1,000-room JW Marriott.