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  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles. The retreat also comes as GM drives into Indonesia with its Chinese partner, SAIC Motor Corp..

  • *Beijing to tax profits from previous five years. BEIJING, Feb 26- Chinese regulators have revealed key details of how China plans to tax past profits of foreign institutional investors via cross-border investment programmes, said sources who attended a compliance training session for programme participants in Beijing on Thursday. Together, the two...

  • BEIJING— China imposed a one-year ban on ivory imports that took immediate effect Thursday amid criticism that its citizens' huge appetite for ivory has fueled poaching that threatens the existence of African elephants. China is the world's largest importer of smuggled tusks, although Beijing has campaigned against illegal ivory. After China acquired a...

  • China loaned $8.6 billion to Brazil, $7 billion to Argentina, $5.7 billion to Venezuela and $821 million to Ecuador in 2014.. Over the past two months, the presidents of Argentina, Ecuador and Venezuela have visited Beijing seeking more Chinese investments, and left with billions of dollars in commitments. The big unknown now is how long that Chinese generosity...

  • *Angola oil output dropped 3 percent in 2014. LUANDA, Feb 26- Angola plans to increase its oil production by 20 percent by next year after suffering a "very difficult" 2014 as costs soared, prices slumped and technical problems hit output, the state oil company Sonangol said. Oil output from Africa's second largest exporter and a supplier to China averaged 1.67...

  • HONG KONG, Feb 26- Hong Kong billionaire Li Ka- shing on Thursday said he is upbeat on the outlook for the China- controlled city, and that the biggest threat is if a Hong Kong government proposal on universal suffrage fails to get passed. Li, 86, speaking at an earnings briefing for his companies Cheung Kong Holdings Ltd and Hutchison Whampoa Ltd, also said he has no...

  • *Cheung Kong net HK $54 bln vs HK $37 bln analyst view. Li has been selling assets and increasing the pace of overseas acquisitions- particularly infrastructure, telecoms and retail businesses in Europe- sparking speculation that he is withdrawing from Hong Kong and mainland China, a claim he has consistently denied. Li's family sold more than $2 billion worth of...

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles. GM tried to take on Japanese rivals by locally producing its Chevrolet Spin, a...

  • SHANGHAI, Feb 26- A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods. Several, including SF Express and state-owned Sinotrans, have jumped into a field dominated by JD.com Inc, Alibaba's...

  • Feb 25- Chinese computer and smartphone firm Lenovo Group Ltd said its website was hacked on Wednesday, its second security blemish days after the U.S. government advised consumers to remove software called "Superfish" pre-installed on its laptops. Lenovo said attackers breached the domain name system associated with Lenovo and redirected visitors to...

  • HONG KONG, Feb 26- China is set to launch a link between gold markets in Shanghai and Hong Kong this year following a landmark stock connect scheme, aiming to enhance its pricing power of gold contracts and ultimately challenge its competitors in the West. While China is the world's largest consumer of the precious metal, having surpassed India, daily trading of...

  • Feb 25- China's Lenovo Group Ltd website was hacked, the company said on Wednesday, days after the U.S. government advised Lenovo customers to remove a pre-installed virus-like software, "Superfish", on laptops that makes the devices more vulnerable to attacks. "The domain name service server hosting Lenovo's website was hacked. We'll update as soon as possible, "...

  • U.S. lawmakers battle over currency in trade deals Wednesday, 25 Feb 2015 | 7:04 PM ET

    A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...

  • China new year a bull, not sheep, for stocks Wednesday, 25 Feb 2015 | 5:14 PM ET
    Shareholders discuss financial data in Shenyang, China, on Feb. 25, 2015.

    As Chinese markets began trading in the year of the ram, analysts looked for ETFs that track the region's indices to profit from an expected rally.

  • SHANGHAI, Feb 26- A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods. Smaller local internet firms like Netease Inc, which partnered last month with Sinotrans to set up an online bazaar, are also...

  • Commodities tomorrow: Wait, oil was up?  Wednesday, 25 Feb 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Even after an 8.4 million barrel build, oil ended the day over $50.

  • China boots Apple, others, off state purchase list Wednesday, 25 Feb 2015 | 3:34 PM ET
    Chinese consumers trying out the Apple iPhone 6 in an Apple store in Shanghai.

    China has dropped some of the world's leading technology brands from its approved state purchase lists, while approving more local products.

  • LONDON, Feb 25- Standard Bank Plc said on Wednesday its co-head of commodities, Jim Coupland, is leaving after two decades, during which he built one of the world's biggest metals banks. His departure comes at a challenging time for Standard Bank as it seeks to recoup millions of dollars in losses from a metal financing scandal in China's Qingdao port that rocked...

  • Suit accuses Purina of poisoning, killing dogs Wednesday, 25 Feb 2015 | 12:50 PM ET
    Nestle Purina PetCare Co. Beneful dog food sits on a shelf outside a Dollar General Corp. store in Silvis, Illinois.

    A lawsuit claims that thousands of dogs have become ill or died as a result of eating Purina Beneful dry kibble dog food.

  • LONDON, Feb 25- More than 60 central banks hold China's yuan in their currency reserves and the amount held there and in sovereign wealth funds should grow by $500 billion over the next five years, China- focused bankers said on Wednesday. Speaking at an Association for Financial Markets in Europe conference in London, Massimiliano Castelli, UBS Asset...