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  • SEOUL, South Korea— Global stock markets were mostly lower on Friday while stocks in mainland China extended their gains on expectations of further policy easing. KEEPING SCORE: European markets opened mixed with Britain's FTSE 100 up 0.4 percent at 7,090.82 and France's CAC 40 adding 0.1 percent to 5,227.91. CHINA STIMULUS: Stocks in Shanghai continued their...

  • BEIJING, April 17- China does not plan to use either its new Asian Infrastructure Development Bank or Silk Road fund to finance the $46 billion Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday. President Xi Jinping's trip to Pakistan next week is expected to focus on the corridor, a planned network...

  • BEIJING, April 17- China's bank regulator temporarily suspended this week new financial industry cybersecurity rules after feedback from banks, showing the practical challenges of the nation's long-term effort to cut dependence on entrenched foreign technology. China has recently advanced a wave of new policies to tighten cybersecurity roughly 18...

  • Are Chinese markets an 'accident waiting to happen'?

    Marc Faber, editor and publisher at The Gloom, Boom & Doom Report, says China's true growth rate is a maximum of 5 percent, not 7 percent.

  • SHANGHAI, April 17- China stocks rose to fresh seven-year highs on Friday, posting their seventh straight week of gains, as investor interest shifted from pricy small caps to blue chip shares. "Index futures reflect market expectations, so the flood of money gushing into the stock market will be guided into blue chips," said Zhang Chen, analyst at Shanghai- based...

  • The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • *Invesco's China fund venture raised $1.8 bln for HK investment. SHANGHAI, April 17- China stocks rose to fresh seven-year highs on Friday morning, on track for their seventh straight week of gains, as investor interest shifts from pricy small caps to blue chips. The report, which was briefed to China's top securities regulator Xiao Gang during his visit to the...

  • China's Xi Jinping to visit close ally Pakistan Friday, 17 Apr 2015 | 12:43 AM ET

    BEIJING— Chinese President Xi Jinping will visit Pakistan next week to oversee agreements on pipelines, power plants and other projects as part of a massive $46 billion joint development program that Beijing hopes will stabilize its longtime ally's economy and extend China's influence in western Asia. China and Pakistan have long maintained close...

  • Veteran Chinese journalist Gao Yu sentenced to 7 years Friday, 17 Apr 2015 | 12:13 AM ET

    BEIJING— A Beijing court sentenced a veteran Chinese journalist to seven years in prison Friday on charges of leaking a document detailing the Communist Party leadership's resolve to aggressively target civil society and press freedom as a threat to its monopoly on power. The sentence against Gao Yu, 71, comes amid a widening clampdown on free speech that...

  • SHANGHAI, April 17- China's yuan firmed against the dollar for the third straight session on Friday after the central bank fixed its daily guidance rate to more than two-month high, further strengthening views that the yuan will remain stable, traders said. The People's Bank of China set the midpoint rate at 6.1267 per dollar prior to market open, the highest...

  • China suspends bank-technology rules that sparked worry Thursday, 16 Apr 2015 | 11:40 PM ET

    BEIJING, April 17- China has put on hold bank-technology rules that Washington and others complained amount to unfair regulatory pressure on foreign firms, a government notice seen by Reuters said. Secretary of Commerce Penny Pritzker visits China on a high-profile trade mission to drum up business for U.S. firms. "I think the government concern is reasonable,...

  • BEIJING, April 17- Two years ago, just one Chinese SUV ranked among the country's top-10. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG and General Motors in sedan sales. Chongqing Changan Automobile and Great Wall Motor will launch fresh versions of their top-selling SUVs...

  • Here's the significance of China-led AIIB   Thursday, 16 Apr 2015 | 10:38 PM ET
    Here's the significance of China-led AIIB

    Eswar Prasad, senior professor of Trade Policy at Cornell University, says the Asian Infrastructure Investment Bank poses a "significant challenge" to the existing structure of global institutions.

  • WASHINGTON, April 16- The United States and Japan want the World Bank and Asian Development Bank to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said. Washington and Tokyo are leading members of the World Bank and ADB, respectively, and have been wary of...

  • China auto brands enjoying rebound driven by new models Thursday, 16 Apr 2015 | 9:36 PM ET

    The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • China growth to be sub-optimal for years: Pro   Thursday, 16 Apr 2015 | 9:33 PM ET
    China growth to be sub-optimal for years: Pro

    China will grow "sub-optimally" for years amid its economic transition, but things will be "exciting" once organic growth kicks in, says Han Ching Choong, principal of Kriya Capital.

  • WASHINGTON, April 16- Japan and the United States agreed that global institutions like the World Bank and the Asian Development Bank may work with the new Beijing- backed development bank by extending coordinated loans, Japanese Finance Minister Taro Aso said. "In our meeting, we agreed on the need for the Asian Infrastructure Investment Bank... to meet high global...

  • To make it to SDR, yuan must be freely usable: Pro   Thursday, 16 Apr 2015 | 9:05 PM ET
    To make it to SDR, yuan must be freely usable: Pro

    Richard Harris, chief executive of Port Shelter Investment Management, says difficulties in the convertibility of the renminbi remain as obstacles to the currency's inclusion in the SDR currency basket.

  • SINGAPORE, April 17- U.S. crude futures slipped towards $56 a barrel on Friday as soaring oil production from OPEC members stoked concerns over a global glut, but Middle East tensions kept a floor under prices. It climbed 32 cents to settle at $56.71 the day before, after hitting a 2015- high of $57.42. *Russian President Vladimir Putin said Iran's flexibility over...

  • Watch out for this topic at IMF meeting   Thursday, 16 Apr 2015 | 8:15 PM ET
    Watch out for this topic at IMF meeting

    Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.