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  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27- What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's...

  • *Judge orders Wanxiang to cease court case in Shanghai. LONDON, March 26- Trading house Trafigura and China's Wanxiang Resources are expected to agree to arbitration in Hong Kong for a dispute linked to alleged metals financing fraud after sparring over jurisdiction, lawyers for the firms said. Justice Blair at England's High Court encouraged the two sides to...

  • LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile forced companies to suspend operations at some major mines on Wednesday, putting an estimated 1.6 million tonnes of capacity on...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • *ICBC, AgBank, BoC, BoCom book 4 Q rise in bad loans. SHANGHAI/ HONG KONG, March 26- Chinese banks are increasingly drawing on Western ways of selling off bad loans, after four of the largest five lenders reported a spike in defaults in an economy stuttering at its slowest growth rate in 25 years. The practice, though common in the West, was mostly unheard of in China just a...

  • Markit services PMI flash March at 1345 GMT. LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines,...

  • HONG KONG/ SHANGHAI, March 26- China's Bank of Communications Co Ltd, said on Thursday its bad loan ratio rose to 1.25 percent, its highest level since 2010, as the lender grappled with borrowers' increasing inability to repay debt in China's slowing economy. The result compared with the 13.9 billion yuan average estimate of analysts polled by Thomson Reuters.

  • *Adidas to allow in-store product customisation. HERZOGENAURACH, Germany, March 26- German sportswear firm Adidas announced plans to revolutionise the way it manufactures goods to speed up production and allow more customisation of goods to help it accelerate sales and profit growth in the next five years. Adidas said it would focus marketing on six big...

  • The housing market is a key sector of China's economy but prices have slumped since early last year when the government took steps to cool a housing boom, which it quickly reversed, but the subsequent slump in house prices pulled 2014 economic growth to a 24- year low. With builders now focussed on selling unsold property, market watchers hope the sector will end...

  • HONG KONG/ SHANGHAI, March 26- Industrial and Commercial Bank of China Ltd said on Thursday net profit fell 3 percent in the fourth quarter of 2014, the first time its final quarter profit has fallen since 2008 as China's economic growth slows. In common with the other "big four" lenders- Agricultural Bank of China Ltd, Bank of Communications Co Ltd and China...

  • Markit services PMI flash March at 1345 GMT. SYDNEY, March 26- London copper struck its highest in nearly three months on Thursday as the dollar dropped, while a raft of weather-related mine closures in top producer Chile also underpinned prices. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines, putting...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent to 3,950.00, while the Shanghai Composite Index gained 0.6 percent to 3,682.10. Among the most active stocks in Shanghai were China Shipbuilding, up 10.0 percent to 10.44 yuan, Agricultural Bank Of China, up 0.3 percent to 3.65 yuan, and China State Construction, up 2.6...

  • 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.