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Shanghai

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  • *Japan shares make another 15- year top amid bullish sentiment. Among the milestones were a 15- year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008..

  • *Net flow into China's stock market totalled 781.4 billion yuan last week. SHANGHAI, April 23- China stocks advanced to fresh seven-year highs on Thursday as weaker-than-expected factory activity data reinforced expectations that Beijing will roll out more stimulus measures and keep the financial system flush with cash. Investors only care about the...

  • HONG KONG, April 23- China formally announced details of three more free trade zones this week, a move that suggests the originally Shanghai- driven initiative has now escalated to the national level, analysts say. The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules...

  • *Asia still facing tough conditions, more China stimulus seen. April 23- Manufacturing activity in Asia's top two economic powerhouses slowed further in April, a disappointing outcome that calls for yet more stimulus and puts pressure on the United States and Europe to do more of the heavy lifting to drive global growth. The flash HSBC/ Markit Purchasing...

  • Ford unveils new Taurus influenced by China Wednesday, 22 Apr 2015 | 9:31 AM ET

    The Taurus, Ford Motor Co.' s first full-size sedan in China, is part of what CEO Mark Fields says is a multiyear effort to expand the U.S. automaker's range of offerings in the country. Ford joins rivals including General Motors Co., Mercedes Benz and Volvo Cars that have created extended versions of their standard sedans to appeal to Chinese buyers who have...

  • HONG KONG, April 22- UBS, Singapore's Temasek Holdings and French bank BNP Paribas are among half a dozen preliminary bidders to buy up to a 10 percent stake in state-owned Postal Savings Bank of China for at least $3 billion, people familiar with the matter told Reuters on Wednesday. PSBC is preparing for an initial public offering next year, which could raise...

  • LONDON, April 22- Emerging stocks resumed their climb on Wednesday and inched towards recent seven-month highs, buoyed by a 2.5 percent surge on the Shanghai market and a growing consensus that interest rate rises in the United States are still months away. The MSCI emerging stocks index was 0.5 percent higher, following a 0.4 percent gain on the Asia Pacific...

  • The current bull run "has support from China's grand development strategy and economic reforms," and blue chip stocks are still "undervalued," said an article published on a website run by the official People's Daily newspaper. The latest People's Daily article provided markets with more confidence, China- focused investment bank NSBO wrote.

  • SHANGHAI, April 22- Issuance of Chinese asset-backed securities could triple to more than $160 billion this year, reactivating huge assets now mouldering on bank books, as Beijing streamlines procedures for firms to securitise receivables. China's tiny securitisation market has not tracked the expansion of China's $10- plus trillion economy, and banks...

  • *China set to allow daily repatriation from QFII scheme- sources. HONG KONG, April 22- China is set to enhance the convertibility of its yuan currency by allowing capital to be taken out on a daily basis from the largest investment scheme open to foreign investors, people with knowledge of the plans told Reuters. Currently, foreign asset managers and banks...

  • *Crude oil extends losses as Yemen bombing ends. TOKYO, April 22- Asian equities were mostly firmer on Wednesday with stimulus-fueled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. Spread betters expected Britain's FTSE, Germany's DAX and France's CAC to...

  • *China's bull market has just begun, not a bubble- state media. China's bull run "has support from China's grand development strategy and economic reforms," and blue chip stocks are still "undervalued", the article, which was published on a website run by the official People's Daily newspaper said. It called the surge in share prices a reflection of China's growth...

  • *Banks to lend $100 bln for "technological renovation" in Hebei. BEIJING, April 22- Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. "Hebei is enjoying favorable...

  • China, whose economy is slowing fast but whose stocks are rising faster, whipsawed investors in recent days. "It's a political goal to create wealth effects in both A- and H-share markets, so that Beijing can utilize the stock market to stimulate innovation and entrepreneurship and channel liquidity to the real economy to hedge economic downside risk," China...

  • *Firm warned investors on April 16 about possibly missing payment. SHANGHAI, April 21- A power company in China failed to make an interest payment on a bond on Tuesday marking the first time a state-owned firm has been allowed to default and adding to evidence that Beijing is slowly withdrawing its sovereign guarantee of low-quality bonds.

  • SHANGHAI, April 21- China looks set to see its first default by a state-owned firm after Baoding Tianwei Baobian Electric Co Ltd said it had not raised enough funds to make a bond interest payment due on Tuesday. "The probability of making the payment has become highly uncertain," a notice posted by the company on the website of China's bond clearinghouse stated...

  • *Antaike cuts consumption growth f'cast to 5.7 pct from 6.3 pct. HONG KONG, April 21- Chinese demand for copper has been weaker than expected so far in 2015, but will pick up in the second-half as government stimulus measures boost orders from factories, a state-backed research firm said. Two industry sources in China said importers were reselling refined copper...

  • SHANGHAI, April 21- China stocks jumped on Tuesday as bullish investors piled into small-cap stocks, betting on further gains despite stretched valuations and a warning from official Xinhua News Agency against "irrational exuberance. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2 percent to 4,619.16 points, while the...

  • SHANGHAI, April 21- BMW AG is working to integrate Tencent Holdings' popular WeChat messaging app into its cars in China and is planning to do it in a way that would not require the Internet giant to make changes to its software, its China R&D chief said. Ford Motor Co has said it is in talks to have Tencent Holdings Ltd tailor WeChat to be used in its cars.

  • The Maglev Test Line, near Mount Fuji about 80 kilometers west of Tokyo, is developing technology for use on a future 410- kilometer link that will reduce travel time between Tokyo and Osaka to just over an hour. The maglev trains, begun as a project of Japan Airlines and the national railways with government support, have undergone decades of testing.