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  • Grilled: Lexus seeks design edge over premium rivals Saturday, 18 Apr 2015 | 2:09 AM ET

    BEIJING, April 18- Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature' spindle grille' design. While some industry rivals and design experts say the jagged-edged, trapezoid grille is downright ugly, 63- year-old Fukuichi stands by the...

  • HONG KONG, April 18- China's average new home prices continued to fall in March, but on a narrowing trend that is expected to continue as the government's stimulus policies bolster sales volumes. Average new home prices in China's 70 major cities dropped 6.1 percent last month from a year ago, the seventh consecutive month fall, following February's 5.7 percent...

  • China March home prices fall 6.1 pct y/y Friday, 17 Apr 2015 | 9:39 PM ET

    April 18- Average new home prices in China's 70 major cities fell for the seventh consecutive month in March from a year earlier, down 6.1 percent. The National Bureau of Statistics said on Saturday new home prices in Beijing fell 3.7 percent last month from a year earlier, versus the previous month's drop of 3.6 percent. Growth in China's real estate investment in...

  • Greek 'day of reckoning' shakes stock markets Friday, 17 Apr 2015 | 10:30 AM ET

    NEW YORK— Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday. News that negotiations between Greece and its international lenders are making little progress sent European stock markets down sharply, and the selling spread across the Atlantic. "The day of reckoning" for Greece is fast approaching, said Uri...

  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

  • 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'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...

  • 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...

  • 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...

  • 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...

  • 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...

  • China's incredible shrinking factory Thursday, 16 Apr 2015 | 5:00 PM ET

    HUIZHOU, China, April 17- Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Cankun, an appliances factory in southern China featured in the documentary Manufactured Landscapes, had more than 22,000 manufacturing employees in 2005, according to its annual report. Some Hong Kong- owned factories in southern China...

  • China stocks up on stimulus hope, other markets subdued Thursday, 16 Apr 2015 | 9:40 AM ET

    Major markets in Europe fell amid renewed concerns that Greece could default on its debts. HUGE QUEUE: Netflix added 4.9 million subscribers in the first three months of the year, better than any other quarter since the company started streaming video eight years ago. All told, Netflix finished March with 62 million subscribers around the world.

  • LONDON, April 16- Emerging market stocks rose to near seven-month highs on Thursday, riding momentum from a global equities surge and data from China showing investment into the country is holding up against slowing growth. The MSCI emerging stocks index was up 1.2 percent, its highest since last September, while the Asian ex- Japan benchmark was 1.3 percent...

  • SHANGHAI, April 16- An open and free Internet is essential in the 21st century, U.S. Pritzker is leading a three-city trade mission to China, focused largely on green industries, to boost business links despite friction over issues including high-tech exports and cybersecurity regulations. Business groups, including the American Chamber of Commerce in...

  • BEIJING, April 16- The chairman of China's securities regulator told Chinese stock investors on Thursday to stay "rational and calm", saying he especially needed to remind new investors of their inexperience when it came to handling market volatility. The warning comes as China's massive stock market rally- much of it driven by margin finance and other forms of...