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  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • More countries to join China-led investment bank Saturday, 28 Mar 2015 | 11:26 PM ET

    Russia, Australia and the Netherlands became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank.

  • Greek PM Tsipras: I seek no rift with Europe Saturday, 28 Mar 2015 | 11:13 PM ET
    Greek Prime Minister Alexis Tsipras, right, and Finance Minister Yanis Varoufakis are shown at the Greek parliament in Athens.

    Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds.

  • ATHENS, March 28- Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds. After answering a question regarding government attempts to deal with corruption, Tsipras was asked whether he wanted a rift or a solution with...

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • UK, Switzerland accepted by China-led investment bank Saturday, 28 Mar 2015 | 1:52 AM ET

    China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.

  • SHANGHAI/ RIO DE JANEIRO, March 28- China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank, a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a...

  • With big projects, Ethiopia shedding famine stereotype Friday, 27 Mar 2015 | 11:52 AM ET

    ADDIS ABABA, Ethiopia— Ethiopia's planned new airport on the outskirts of the capital is still years from becoming a reality but Tewodros Dawit can already envision how grand it will look. Britain, long a source of charitable aid for Ethiopia, announced last month that Ethiopia's growing economy means the time has come for "transitioning support toward...

  • *Shanghai rebar also hits record low, but cuts losses. SINGAPORE, March 27- Spot iron ore prices hit new record lows on Friday while futures in China and Singapore slid as much as 4 percent before paring losses, on worries that global producers would continue to lift output in a well supplied market. Iron ore prices on China's Dalian Commodity Exchange hit the daily...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent at 10.23 yuan; China State Construction, up 3.0 percent at 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent to 10.23 yuan; China State Construction, up 3.0 percent to 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • *China market on track to end the week up about 2 pct. SHANGHAI, March 27- China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme. The impact of poor economic data released on Friday- showing profits earned by Chinese...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27- What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's...

  • *Judge orders Wanxiang to cease court case in Shanghai. LONDON, March 26- Trading house Trafigura and China's Wanxiang Resources are expected to agree to arbitration in Hong Kong for a dispute linked to alleged metals financing fraud after sparring over jurisdiction, lawyers for the firms said. Justice Blair at England's High Court encouraged the two sides to...

  • LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile forced companies to suspend operations at some major mines on Wednesday, putting an estimated 1.6 million tonnes of capacity on...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • *ICBC, AgBank, BoC, BoCom book 4 Q rise in bad loans. SHANGHAI/ HONG KONG, March 26- Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years. The practice, though common in the West, was mostly unheard of in China just a...

  • Markit services PMI flash March at 1345 GMT. LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines,...

  • HONG KONG/ SHANGHAI, March 26- China's Bank of Communications Co Ltd, said on Thursday its bad loan ratio rose to 1.25 percent, its highest level since 2010, as the lender grappled with borrowers' increasing inability to repay debt in China's slowing economy. The result compared with the 13.9 billion yuan average estimate of analysts polled by Thomson Reuters.

  • *Adidas to allow in-store product customisation. HERZOGENAURACH, Germany, March 26- German sportswear firm Adidas announced plans to revolutionise the way it manufactures goods to speed up production and allow more customisation of goods to help it accelerate sales and profit growth in the next five years. Adidas said it would focus marketing on six big...