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  • *Brent Crude set for 16 pct drop in November. LONDON, Nov 28- Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from...

  • SHANGHAI, Nov 28- Hong Kong shares ended November slightly down, despite an ongoing rally in mainland indexes and in Hong Kong- listed Chinese companies. The A-H share premium index, measuring the difference in price between dual-listed firms in Hong Kong and Shanghai stood at 106.68 at the close, its highest level since August 2013. Chinese investment flowing...

  • SHANGHAI, Nov 28- China stock indexes rose for the seventh straight session on Friday and posted their biggest monthly gains in nearly two years, led by banking shares on speculation that a deposit insurance scheme would be unveiled soon. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82 points, the highest...

  • HONG KONG, Nov 28- Hong Kong shares finished down on Friday, shrugging off a massive rally in mainland shares as rumours swirled about the launch of deposit insurance regulations for mainland banks. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, unchanged at HK $0.02 South East Group, up 28.4 percent to HK $0.29 and Bank Of...

  • SHANGHAI, Nov 28- China indexes rose for the seventh straight session on Friday and produced their biggest monthly gains in nearly two years, thanks to a surge after Beijing's surprise rate cut. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82, the highest level since September 2011, while the Shanghai...

  • *Most Asian shares skid, but Japan, China buck downtrend. TOKYO, Nov 28- Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut. With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum...

  • SHANGHAI, Nov 28- China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months. The People's Bank of China fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix. Chinese oil firms- mainly PetroChina and Sinopec Corp- are primary dollar...

  • SHANGHAI, Nov 28- China stocks rallied for the seventh straight session on Friday and looked headed for their biggest monthly gain in nearly two years as a surprise interest rate cut and hopes of further policy easing re-ignited demand for mainland shares. Investors had snapped up shares in the lead-up to the launch of the Shanghai- Hong Kong stock connect...

  • SINGAPORE, Nov 28- London copper slid to an eight-month low on Friday, heading for its biggest weekly loss since March, as a rout in oil triggered selling across commodities while worries over slowing global growth also pressured prices. *Three-month copper on the London Metal Exchange fell 0.9 percent to $6,497 a tonne by 0238 GMT, after settling down slightly in...

  • LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • HONG KONG, Nov 27- Hong Kong shares finished down on Thursday as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, down 17.4 percent to HK $0.02, China Strategic Holdings, up 7.3 percent to HK $0.06 and Bank...

  • METALS-Copper edges up from 3-week low, forex helps Thursday, 27 Nov 2014 | 2:17 AM ET

    *Despite stimulus, China economy still to slow-analyst. SINGAPORE, Nov 27- London copper edged up on Thursday from a three-week low hit in the previous session as a softer dollar offset concerns over demand growth in top consumer China. "At the beginning the market was euphoric... but in reality things in China will probably continue to slow," said analyst Dominic...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.2 percent, to 2,754.49, its highest since February 2013, while the Shanghai Composite Index gained 1.0 percent, to 2,630.49 points, its highest level since August 2011. Among the most active stocks in Shanghai were Everbright Bank, up 7.8 percent to 3.45 yuan; Agricultural Bank Of...

  • The competition intensified as banks bet on robust demand for the currency for use in the Shanghai- Hong Kong stock connect scheme, a landmark link that gives foreign and Chinese retail investors unprecedented access to the two exchanges. "Some banks actively stored yuan funds in the past few months, but now they found demand for the currency was not as strong as...

  • SHANGHAI, Nov 27- China stocks were mixed on Thursday, with Hong Kong shares correcting slightly while mainland indexes charged ahead as onshore investors kept putting money into equities in the wake of Beijing's interest-rate cut. The official Shanghai Securities News reported on Thursday that 94.4 billion yuan was added to brokerage accounts in the first...

  • Oil prices near 4- year low as OPEC output cut hopes fade. TOKYO, Nov 27- Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • HONG KONG, Nov 26- Concerns by Europe's top funds watchdog that a landmark Hong Kong-China trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks, threatening the success of the project, market participants told Reuters. The so-called Stock Connect scheme, launched on Nov. 17, allows foreign investors...