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  • Yuan ends best week since 2007 on soft note Friday, 20 Mar 2015 | 6:02 AM ET

    SHANGHAI, March 20- Despite closing slightly down on the day, China's yuan posted its strongest weekly performance since 2007 on Friday, gaining 0.85 percent thanks to a rush of dollar sales over the past few days by major state-owned banks, possibly acting on behalf of the central bank. On Friday, however, the People's Bank of China set the midpoint rate at 6.1496...

  • BEIJING, March 20- A glitch in the broadband infrastructure of China Unicom Hong Kong Ltd caused a brief but widespread Internet outage in mainland China on Friday, the company said. China Unicom, in a statement on its Weibo microblogging account, said Internet access was disrupted from 1:25 p.m. to 1:45 p.m. local time. In February, China Unicom said it had 69...

  • 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.

  • March 20- Hong Kong shares finished mixed on Friday as the market lost some of the bullishness whipped up earlier in the week by reduced expectations for an early increase in U.S. interest rates. Any U.S. monetary tightening could be transmitted to Hong Kong, as the Hong Kong dollar is pegged to the U.S. dollar. For the week, the Hang Seng index rose 2.3 percent, compared...

  • SYDNEY, March 20- Copper eased on Friday after posting its strongest gain in six weeks the session before, with losses curbed by supply concerns as a blockade of the Grasberg mine in Indonesia entered its fifth day. "Copper may have got a little ahead of itself overnight and what we're seeing is a bit of a pullback," a trader said. Three-month copper on the London Metal...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.4 percent, to 3,892.57, while the Shanghai Composite Index gained 1.0 percent, to 3,617.32 points. Among the most active stocks in Shanghai were Bank of China, up 2.6 percent to 4.38 yuan; Agricultural Bank of China, up 2.0 percent to 3.55 yuan and China Railway Group, up 3.2 percent to...

  • *Analyst warns of "surging" volatility in China's "bubbly" market. SHANGHAI, March 20- China stocks are on track to post their biggest weekly gain in three months on hopes of further policy easing, but they lost some steam on Friday after a leading analyst warned about increasingly volatility in a "bubbly" market. Hong Kong shares, which were up on Thursday after the U.S....

  • SYDNEY, March 20- Copper eased on Friday after posting the strongest gain in six weeks the session before, with losses capped by supply concerns as a blockade of the Grasberg mine in Indonesia entered its fifth day. "Copper may have got a little ahead of itself overnight and what we're seeing is a bit of a pullback," a trader said. Three-month copper on the London Metal...

  • SINGAPORE, March 20- Copper steadied on Friday after rallying 3 percent the session before, with production stopped at one of the world's biggest copper mines as workers blocked access. *Three-month copper on the London Metal Exchange was little changed at $5,855 a tonne at 0119 GMT. *Production has been halted at Freeport-McMoRan Inc's copper mine in Indonesia...

  • *Yuan rises 0.6 pct in morning trade, strongest daily rise since 2005. SHANGHAI, March 19- China's yuan looks set to post its biggest-ever weekly gain as Beijing moves to head off the risk of capital flight and quash speculation. The sharp correction to the exchange rate comes as state-owned banks are aggressively selling dollars at the behest of the People's Bank...

  • They are not well known in America or Europe but owner Line Corp. hopes to change that. It has already opened two stores in Seoul and its first Shanghai and New York stores will open this year. It will also give the company a backdoor into China, where Line is blocked along with other foreign messaging apps and social media sites.

  • MELBOURNE, March 19- London copper rose more than 1 percent on Thursday, after dropping to a one-month low in the previous session, as the dollar sagged on indications of a later start to U.S. interest rate hikes. "It's all about the U.S. dollar and it's pretty short-term," said analyst Joel Crane at Morgan Stanley in Melbourne. London Metal Exchange copper rose 1.3...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 percent, to 3,839.74, while the Shanghai Composite Index gained 0.2 percent, to 3,582.27 points. Among the most active stocks in Shanghai were Bank of China, down 1.2 percent to 4.28 yuan; Hainan Airline, down 0.2 percent to 4.32 yuan and China State Construction, up 4.0 percent to...

  • SHANGHAI/ SEATTLE, March 19- Starbucks Corp will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S....

  • China boosts fleet of electric, hybrid vehicles Thursday, 19 Mar 2015 | 12:12 AM ET

    Sales of alternative-fuel vehicles have spiked in recent months as China offers tax breaks and other incentives to encourage purchases of electric vehicles and plug-in hybrids, amid a larger anti-pollution fight. Yale Zhang, the managing director of Shanghai- based research group Automotive Foresight, said sales of privately owned electric and plug-in...

  • *European shares follow Asia higher. *Brent crude dips towards $53 a barrel on supply. If we get that and a measured message on the dollar's impact on inflation then, given the slight retracement we have seen in the first half of this week, I think the dollar will do well, "said Michael Sneyd, a currency strategist with BNP Paribas in London.

  • SHANGHAI, March 18- The yuan posted its strongest daily gain in a year as the People's Bank of China set a stronger midpoint on Wednesday and big state-owned banks sold dollars, possibly on behalf of the central bank, traders said. The yuan ended at 6.2294 per dollar, rising 0.33 percent from Tuesday to make its biggest daily rise since March 24. 2014. It was also its...

  • Hong Kong shares rise, following bullish China stocks Wednesday, 18 Mar 2015 | 4:20 AM ET

    March 18- Hong Kong's Hang Seng Index rose nearly 1 percent to close at one-week high on Wednesday, following bullish mainland markets, but investors remain wary of prospects for tighter liquidity when U.S. interest rates eventually increase. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong rose to a two-month...

  • *Premiums offered at about $300/ T for big buyers- trade. HONG KONG, March 18- Chinese buyers of primary aluminum are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases, traders and industry sources said. While China is the world's top producer of aluminum, some end users buy the metal...

  • China stocks keep rallying on stimulus hopes Wednesday, 18 Mar 2015 | 3:10 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.4 percent, to 3,846.06, while the Shanghai Composite Index gained 2.1 percent, to 3,577.30 points. Among the most active stocks in Shanghai were Bank of China, up 2.9 percent to 4.33 yuan; and Agricultural Bank of China, up 3.2 percent to 3.51 yuan. In Shenzhen, BOE Technology, up 9.9...