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  • China stocks end sharply up on policy stimulus bets Thursday, 15 Jan 2015 | 2:13 AM ET

    SHANGHAI, Jan 15- China stocks surged on Thursday with the Shanghai index experiencing its biggest daily rise since Jan. 5, as investors bet on an increased chance of policy stimulus after disappointing bank loan data. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.9 percent, to 3,604.12, while the Shanghai Composite Index...

  • China stocks rise on infrastructure firms, Hong Kong flat Thursday, 15 Jan 2015 | 12:10 AM ET

    SHANGHAI, Jan 15- China stocks rose in thin volume on Thursday, propped up by strong infrastructure firms and the prospect of more policy stimulus after weaker-than-expected bank lending. "IPOs have locked money up in the market, causing tight liquidity," said Li Zheming, an analyst at Datong Securities. Jinggong Steel hit its 10 percent trading limit, Huadian...

  • Kaisa Group last week failed to pay coupons for its dollar bond maturing in 2020, after government officials blocked sales of some of its projects in Shenzhen and several executives unexpectedly exited. Kaisa woes have frozen high-yield bond issuance from Chinese companies in the offshore market, where about $3.9 billion worth of G3 and dim sum bonds from...

  • *China bonded premiums climb $5 to $85- Shmet. MELBOURNE, Jan 15- London copper climbed on Thursday on a mix of bargain-hunting and short covering, a day after its biggest slide in more than three years, but traders said selling would cap rallies even if large-scale buyers were lying in wait at lower levels. Copper took a bruising after a bearish World Bank report on...

  • *Stock markets slide as World Bank cuts forecasts. NEW YORK/ LONDON, Jan 14- Gold pared gains after rallying to a 12- week high for the second straight day on Wednesday, as earlier safe-haven buying that was spurred by sharp falls in stock markets and other commodities dried up. Stock markets around the world fell sharply after the World Bank cut its growth forecasts...

  • MEXICO CITY, Jan 14- China Railway Construction Corp looks poised to clinch a contract to build a $3.75 billion Mexican high-speed train system even after its original winning bid was revoked when it became engulfed in a political scandal, say sources with knowledge of the bidding. Mexico on Wednesday revealed fresh preliminary bid terms for the tainted train...

  • LONDON, Jan 14- Copper slid to a 5-1/ 2 year low on Wednesday after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. LME copper prices fell to their lowest since July 2009 at $5,353.25 a tonne in intraday trade, before paring...

  • *Financial markets slide as World Bank cuts forecasts. LONDON, Jan 14- Gold rallied to a 12- week high on Wednesday as sharp falls in stock markets and other commodities prompted investors to buy the metal as a haven from risk, and as soft U.S. data weighed on the dollar. Financial markets fell sharply after the World Bank cut its growth forecasts for 2015 and 2016,...

  • China's yuan shifts into currency major league Wednesday, 14 Jan 2015 | 7:24 AM ET

    Offshore trading in the yuan, whose convertibility is still tightly controlled by Beijing, soared some 350 percent on Thomson Reuters trading platforms in 2014.. The system of controls kept in place by Beijing, including separate markets offshore and onshore, continues to limit action, but bankers in London say the currency is steadily moving to the front of...

  • *FTSEurofirst 300 down 0.6 pct after World Bank move. LONDON, Jan 14- European shares fell on Wednesday, mirroring a slump in copper and oil prices after the World Bank cut its global growth forecast for this year. The World Bank on Tuesday lowered its global growth forecast for both 2015 and 2016 due to disappointing economic prospects in the euro zone, Japan and...

  • LONDON, Jan 14- Copper prices slid to their lowest in 5-1/ 2 years on Wednesday, triggered by a wave of stop-loss selling following a downward revision to global growth by the World Bank and big falls in oil prices. LME copper prices had fallen to their lowest since July 2009 at $5,353.25 a tonne in intraday trade. "The market was very worried about slowing growth...

  • Sam Chi Yung, strategist at Delta Asia Financial Group, said the program is an important capital source for Hong Kong fund managers as it has attracted many Chinese to invest at least HK $10 million in the city's markets. Among the most actively traded stocks on Hong Kong's main board were Wai Yuen Tong Medicine Holdings, up 18.6 percent at HK $0.10 Yat Sing...

  • PRECIOUS-Gold steadies below 12-week high as dollar slips Wednesday, 14 Jan 2015 | 2:47 AM ET

    SINGAPORE, Jan 14- Gold steadied below a 12- week high on Wednesday as weakness in the dollar supported the safe-haven metal, after earlier losses spurred by a rout in other commodities such as oil and copper. Spot gold was little changed at $1,231.11 an ounce by 0733 GMT, below a 12- week high of $1,243.60 reached on Tuesday. On Tuesday the World Bank lowered its...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.3 percent, to 3,502.42, while the Shanghai Composite Index lost 0.4 percent, to 3,222.44 points. Among the most active stocks in Shanghai were Bank Of China, up 3.6 percent to 4.60 yuan; Agri Bank Of China, up 1.9 percent to 3.73 yuan and ICBC, up 1.5 percent to 4.89 yuan.

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • *Milk formula maker Yashili issues profit warning. HONG KONG/ SHANGHAI, Jan 14- Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co Ltd...

  • Mexico will on Wednesday reveal the fresh bid terms for the tainted train project linking Mexico City with the wealthy, industrial city of Queretaro, which was meant to be one of Mexican President Enrique Pena Nieto's flagship infrastructure investments. Since taking office in 2012, Pena Nieto has courted Chinese money to wean Mexico off its dependency on...

  • HONG KONG, Jan 14- China has allowed foreign investors to fully own e-commerce companies in Shanghai's free trade zone as part of a pilot scheme, the official Xinhua news agency said on Wednesday, citing the Ministry of Industry and Information Technology. Since the launch of the free trade zone in September 2013, policy makers have trumpeted reforms and relaxed...

  • China shares inch up, bolstered by banking stocks Tuesday, 13 Jan 2015 | 11:56 PM ET

    SHANGHAI, Jan 14- China stocks edged higher at midday on Wednesday, with strong gains for banking shares outweighing falls for manufacturing counters. In Hong Kong, the Hang Seng index added 0.2 percent, to 24,271.10 points. "Bank shares are still relatively undervalued and have the potential to continue rising so they are likely to further rebound," said Tian...

  • SINGAPORE, Jan 14- Gold struggled on Wednesday to hold near a 12- week high as a rout in commodities such as oil and copper took a toll on the metal, offsetting safe-haven bids arising from global growth concerns. Spot gold fell 0.3 percent to $1,227.50 an ounce by 0339 GMT, after marking a 12- week high of $1,243.60 on Tuesday. "Gold might push higher, given equities...