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  • SHANGHAI April 24- Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group, Volvo's chief said. "We have decided we will be using Ghent for Europe," Samuelsson said, referring to Volvo's factory in Ghent, Belgium. Geely is expected to start...

  • BEIJING, April 24- China plans to take a giant step towards making the yuan more convertible by extending a pilot scheme allowing the currency to be traded with few restrictions to all its free trade zones, before taking the scheme nationwide later this year. Under the pilot scheme, firms in the Shanghai free trade zone can move the yuan and other foreign...

  • LONDON, April 24- Copper rose on Friday as a sharp drop in Shanghai inventories coupled with a weak dollar and robust equities more than offset the impact of weak Chinese factory data on Thursday that sent the metal to a month low. Copper inventories in Shanghai Futures Exchange warehouses fell 9.8 percent from last Friday, their lowest since February, while this...

  • *Copper up as Asian equities rise, oil steadies. SYDNEY, April 24- Copper futures turned up on Friday after dropping overnight on weak Chinese industrial data, buoyed by robust share markets in Asia. Copper has been consolidating since hitting near six-year lows in January, as unexpected supply disruptions spurred analysts to cut their 2015 surplus forecasts.

  • SHANGHAI, April 24- China stocks fell on Friday, weighed down by financial heavyweights, after the securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red-hot market. "Any correction at this stage would be natural, but the bull run isn't over," said David Dai, Shanghai- based investment director at...

  • BEIJING, April 24- China will cut interest rates again this year and reduce the amount of reserves that banks must hold if it wants to expand its economy by 7 percent, a Reuters poll showed, in its biggest bout of policy easing since the 2008 global financial crisis. A poll of between 11-15 analysts showed China is expected to lower interest rates by 25 basis points...

  • BEIJING, April 24- China plans to let the yuan be traded with few restrictions in all of its free trade zones in coming months and later this year take nationwide the pilot scheme that is meant to make the currency more freely convertible, three sources with direct knowledge of the matter said on Friday. The scheme, which gives companies the freedom to move the yuan...

  • China stocks fall on IPO concerns; Hong Kong also down Friday, 24 Apr 2015 | 12:46 AM ET

    *AVIC's units rise after it partners with the Shanghai bourse. SHANGHAI, April 24- China stocks fell on Friday morning, dragged by financial heavyweights, after the country's securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red hot market. But it doesn't mean China's bull market is over, said...

  • BEIJING, April 24- China plans to expand a trial that frees its capital account to three other free-trade zones in coming months, and will broaden the experiment before the end of this year, three sources with direct knowledge of the matter said on Friday. The moves are milestone measures in liberalizing China's capital account, and are a crucial step in turning...

  • SHANGHAI, April 24- China's yuan was flat against the dollar on Friday as a wave of dollar demand by big state-owned Chinese banks and oil companies helped to offset a three-month high midpoint, traders said. The People's Bank of China set the midpoint rate at 6.1241 per dollar prior to market open, the yuan's strongest level since Jan. 20, or 0.07 percent firmer than...

  • METALS-Copper rises in step with stronger equities, oil Thursday, 23 Apr 2015 | 10:41 PM ET

    *Copper up as Asian equities, oil firmer. SYDNEY, April 24- Copper futures edged up on Friday after dropping overnight on weak Chinese industrial data, buoyed by robust share markets in Asia. Copper has been consolidating since hitting near six-year lows in January, as unexpected supply disruptions spurred analysts to cut their 2015 surplus forecasts.

  • LONDON/ SYDNEY/ NEW YORK, April 23- Business activity weakened in China and Japan in April and growth slowed in Europe and the U.S., suggesting the global economy may be less robust than policymakers are predicting. In China, where the government has been engineering a rebalancing of its economy towards domestic spending and away from reliance on exports of...

  • BEIJING, April 23- China's booming e-commerce industry and the ability of the country's small businesses to export hazardous materials are posing a safety concern for the country's air transport industry, the head of the International Air Transport Association warned on Thursday. Ensuring the safe transport of lithium batteries is of particularly...

  • *German, UK yields fall after Wednesday's sell-off. *Wall Street set for subdued start. European stock markets initially opened higher, spurred by multi-year highs in Asia, but sluggish euro zone and German purchasing manager data and conflicting numbers from France sent indexes into the red.

  • Volvo prepares to send 'Made in China' cars to US Thursday, 23 Apr 2015 | 7:18 AM ET

    CHENGDU, China— On the verge of exporting the first "Made in China" cars to the United States, Volvo is determined to show they are as good as vehicles it produces in Europe. Once a month, or three times as often as in Europe, Volvo tears apart a finished car in Chengdu to examine the quality of welds and other work. It is built by Volvo and is Volvo quality, and of course...

  • The sudden drop in the euro zone flash composite Markit Purchasing Managers' Index was driven by sharply slower growth in manufacturing orders in Germany and France, suggesting recent optimism about the euro zone may be overdone. Factory order growth slowed particularly in France, but also in major goods exporter Germany, and the euro zone's No. 1 economy,...

  • *Japan shares make another 15- year top amid bullish sentiment. *Bunds claw back some of sell-off, UK yields flat. European stock markets opened higher, spurred by multi-year highs in Asia, but the mood soured after sluggish euro zone and German purchasing manager data followed another dire set of numbers from France.

  • SHANGHAI, April 23- China stocks rose to fresh seven-year highs on Thursday, with weaker-than-expected factory activity data reinforcing expectations of fresh government stimulus. The flash HSBC/ Markit Purchasing Managers' Index showed that China's factory activity in April contracted at its fastest pace in a year, suggesting that economic conditions...

  • *Japan shares make another 15- year top amid bullish sentiment. Among the milestones were a 15- year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008..

  • *Net flow into China's stock market totalled 781.4 billion yuan last week. SHANGHAI, April 23- China stocks advanced to fresh seven-year highs on Thursday as weaker-than-expected factory activity data reinforced expectations that Beijing will roll out more stimulus measures and keep the financial system flush with cash. Investors only care about the...