Charles Campbell, MKM Partners executive director, shares his thoughts on China's role in the drop in copper prices.» Read More
*China bonded copper premiums slide $15 to $120- $140- Shmet. LONDON, March 11- London copper rose on Tuesday as buyers took advantage of prices that hit their lowest level in eight months on Monday, but rising inventories in China and little sign of a pick-up in physical demand kept industrial metals under pressure.
LONDON, March 11- The recent history of copper and iron ore has been all about China. These price swoons have been triggered by the same fears about the China growth story. Both copper and iron ore markets are reacting to a bearish one-two combination of news out of China.
LONDON, March 11- Gold rose nearly one percent on Tuesday as fears of a slowdown in Chinese economic growth and worries about the crisis in Ukraine sapped appetite for risk.
John Rutledge, SAFANAD chief investment strategist, provides perspective on China's economy and its likely impact on global markets.
KUALA LUMPUR, March 11- Malaysia's military believes it tracked a missing jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country's east coast, a military source told Reuters. It made it into the Malacca Strait, "the military official, who has been briefed on investigations, told Reuters.
*Traders eye China economic data for selling opportunities. SYDNEY/ LONDON, March 11- China's first domestic bond default has brought to the fore investors' fears that financing deals that have locked up vast quantities of copper could unravel and erode one of the market's main underpinnings.
*Unexpected fall in China's exports has increased worries on economy. SINGAPORE/ BEIJING, March 11- China's biggest-listed steel maker Baosteel said a slump in iron ore was' inevitable' and prices had further to fall, as traders said some buyers in the world's top consumer of the raw material were trying to delay shipments after panic selling.
BEIJING, March 11- China will launch pilot programmes testing the development of privately-owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.
KUALA LUMPUR, March 11- Malaysia is investigating whether any passengers or crew aboard a missing airliner had personal or psychological problems that might explain its disappearance, along with the possibility of a hijack, sabotage or mechanical failure, police said on Tuesday.
*Baosteel says iron ore prices still too high at above $100/ T. BEIJING, March 11- The recent slide in iron ore prices was "inevitable", with a price above $100 a tonne still too high, the head of China's biggest-listed steel maker Baoshan Iron& Steel said on Tuesday.
*China bonded copper premiums slide $15 to $120- $140- Shmet. SYDNEY, March 11- London copper climbed on Tuesday after sliding to its lowest in more than eight months the session before, but worries about the economy in top metals consumer China capped gains.
ULAN BATOR, March 11- Asia-Pacific nations are failing to halt the loss of natural forests and grasslands, the U.N. Food and Agriculture Organization said on Tuesday, robbing people of their livelihoods and worsening environmental problems like desertification and climate change.
SINGAPORE, March 11- Chinese steel mills and traders holding iron ore as collateral for financing are rushing to sell to repay loans, traders said, piling more pressure on the steel-making raw material that has lost over a fifth of its value this year.
HONG KONG, March 11- A gauge of large-cap Chinese stocks listed in the mainland made a modest rebound on Tuesday from the previous day's five-year low, lifted by strong gains for the property sector. The CSI300 of the largest Shanghai and Shenzhen A-share listings, which hit its lowest closing level since February 2009 on Monday, rose 0.5 percent.
BEIJING, March 11- China's central bank governor said on Tuesday that the country's deposit rates are likely to liberalised in one to two years- the most explicit timeframe to date for what would be the final step in freeing up banks to set their own interest rates.
SYDNEY, March 11- Asian markets were finding their feet on Tuesday after a rocky ride the previous session, though uncertainty about the true state of China's economy kept nerves frayed and commodity prices restrained. MSCI's broadest index of Asia-Pacific shares outside Japan put on 0.3 percent, after shedding 1.3 percent on Monday.
A fall in short-term interest rates has fueled talk that China's central bank may be easing monetary policy. Stephen Sheung, Head of Investment Strategy at SHK Private, explains why he doesn't think so.
*Search area expanded in South China Sea and west of Malaysia. KUALA LUMPUR/ WASHINGTON, March 11- The so-far fruitless search for a missing Malaysian airliner entered its fourth day on Tuesday, as sources in Europe, the United States and Asia voiced growing scepticism that the flight lost with 239 people on board was the target of an attack.
HONG KONG, March 11- Hong Kong and China shares rebounded early on Tuesday, led by some mid-sized bank stocks on expectation the country's annual parliamentary session will not unveil more aggressive reforms that could trim margins or restrict their lending.
*China bonded copper premiums slide $15 to $120- $140- Shmet. SYDNEY, March 11- London copper edged up on Tuesday after sliding to its lowest in more than eight months in the previous session, although worries about the economic health of top metals consumer China continued to sour investor sentiment and cap gains.