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  • SHANGHAI, April 19- PSA Peugeot Citroen and China's Dongfeng Motor Group will spend 200 million euros to develop a technology platform for small cars that will help to give them more products to boost sales in southeast Asia and China. The joint venture aims to sell 800,000 vehicles this year in China and 1.5 million vehicles by 2020, up from over 700,000 in 2014,...

  • SHANGHAI, April 19- PSA Peugeot Citroen and China's Dongfeng Motor Group will spend 200 million euros on a joint project to develop a platform to manufacture small cars, the French company said ahead of a briefing on Sunday. The two sides will also build a joint technology centre in Shanghai dedicated to developing cars for Asian markets. "The new platform will...

  • SHANGHAI, April 19- Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor are also pursuing...

  • WASHINGTON, April 18- Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday. Winning approval for the yuan's inclusion in the IMF's currency basket could raise China's standing in the global...

  • SHANGHAI/ DETROIT April 18- Ford Motor Co's global premiere of its redesigned Taurus sedan in China underscores a shift in its U.S. home market from the big sedan to roomier, utilitarian crossover SUVs. There's a similar trend in China, the world's biggest car market, but there is still a decent appetite among Chinese buyers for large sedans while, in the United...

  • SHANGHAI, April 18- China's recent liberalisation of stock short-selling rules is not intended to encourage the practice, the China Securities Regulatory Commission said on Saturday, after overseas markets dropped sharply in response to the move. Institutional investors including mutual fund companies and asset management businesses of securities...

  • 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...