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  • China, Hong Kong stocks edge up as energy shares jump Thursday, 26 Mar 2015 | 12:54 AM ET

    SHANGHAI, March 26- Shares in China and Hong Kong edged higher on Thursday as oil prices bounced, pushing up energy shares. Oil companies including PetroChina, and Offshore Oil Engineering rose, while China CNR Corp and CSR Corp Ltd surged on expectations of imminent merger of the two train-making giants. "After consecutive sessions of rises, fluctuations are...

  • Net new money from the Asia Pacific region, including Japan, amounted to 26.7 billion Swiss francs over the last four quarters, compared with $10 billion in the Americas, the bank's latest financial report shows. "We do expect wealth creation to be a big theme in China," he said. According to the Boston Consultancy Group, private financial wealth in China, where the...

  • *Wall Street set for steady open. Futures showed Wall Street set to open steady. Germany's Ifo index rose for the fifth successive month to its highest since July 2014, suggesting growth in Europe's largest economy rebounded again in the first quarter of 2015..

  • *Wall Street set for steady open. Futures showed Wall Street set to open steady. Germany's Ifo index rose for the fifth successive month to its highest since July 2014, suggesting growth in Europe's largest economy rebounded again in the first quarter of 2015..

  • *Oil price drops as China strategic reserves fill. LONDON, March 25- European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving. MSCI's main gauge of Asia-Pacific stocks outside Japan edged up 0.1 percent.

  • *Australia's Fortescue calls on rivals to cap iron ore output. *Australia's competition regulator says holds "grave concerns". SYDNEY, March 25- Australia's Fortescue Metals Group called on iron ore miners to cap production in the hope of reversing a dramatic fall in prices, triggering a probe by Australia's competition regulator.

  • SHANGHAI, March 25- Banking heavyweights dragged China's stock markets lower on Wednesday, threatening to snap their 10- day winning streaking win, and analysts warned of rising volatility as more people piled into the market betting on a further rally. Even migrant workers are beginning to open stock accounts, "Shen Zhengyang, Shanghai- based analyst at...

  • *Australia's Fortescue calls on rivals to cap iron ore output. *Australia's competition regulator says holds "grave concerns". SYDNEY, March 25- Australia's Fortescue Metals Group called on rivals to cap iron ore production in the hope of triggering a price recovery, drawing an immediate rebuke from competition authorities.

  • China stocks claw back losses, rise for 10th session Tuesday, 24 Mar 2015 | 3:20 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended up 0.02 percent at 3,973.05 points, while the Shanghai Composite Index gained 0.1 percent, to 3,691.41 points. Among the most active stocks in Shanghai were Agricultural Bank Of China, up 3.3 percent to 3.74 yuan; Bank Of China, up 0.2 percent to 4.44 yuan and Zijin Mining, up 10.0...

  • CANBERRA, Australia— Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney- Shanghai route. The watchdog said in a statement that the tie-up could result in "significant public detriment" by giving Qantas and China Eastern...

  • *HSBC/ Market flash PMI signals persistent weakness in economy. BEIJING, March 24- Activity in China's factory sector dipped to a 11- month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing to support growth. The flash HSBC/ Markit...

  • SHANGHAI, March 24- China stocks corrected on Tuesday morning after a private survey showed industrial activity returned to contraction in March, and investors took profits after a 9- day rally pushed major indexes to their highest levels in nearly 7 years. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood...

  • CANBERRA, Australia— Australia's competition watchdog said Tuesday it was leaning toward blocking a tie up between Qantas Airways and China Eastern Airlines because it could increase fares on the popular Sydney- Shanghai route. The Australian Competition and Consumer Commission issued a draft decision proposing to deny authorization for Qantas and...

  • China to reap Alibaba windfall as tightens up on tax Monday, 23 Mar 2015 | 3:18 AM ET

    *Alibaba says withholds gains tax for repatriation to China. HONG KONG, March 23- China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. Although Alibaba did not disclose the...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent, to 3,972.06 points, while the Shanghai Composite Index also gained 2.0 percent, to 3,687.73 points. Among the most active stocks in Shanghai were Bank Of China, up 1.1 percent to 4.43 yuan; Agricultural Bank of China, up 1.4 percent to 3.61 yuan and GD Power, up 4.9 percent to...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper jumped to a two month high on Friday after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from a fall in the dollar and supply concerns as a blockade of the Grasberg...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from supply concerns as a blockade of the Grasberg mine in...

  • *Shanghai copper stocks fall 2,267 T, first drop in 2 months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. The consensus view from Asia was that if it was a gain of over 10,000 or 20,000...

  • SHANGHAI, March 20- China's yuan at some point would be incorporated in the International Monetary Fund's Special Drawing Right currency basket, said Christine Lagarde, Managing Director of the IMF, said in Shanghai on Friday. "It's not a question of if, it's a question of when," she said during a question and answer session following a speech at Fudan University.

  • SHANGHAI, March 20- China stocks powered higher on Friday, posting their biggest weekly gain in three months and hitting fresh seven-year highs, as investors speculated that Beijing will soon unveil fresh stimulus measures to aid a flagging economy. "It is a bubbly level not seen since the heydays of 4- trillion yuan stimulus," Hong Hao, Hong Kong- based strategist...