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  • SHANGHAI, March 12- China stocks rose on Thursday, fueled by a surge in banking shares as investors expect lenders and the economy to benefit from Beijing's plans to let local governments swap out expensive debt, easing their massive debt burdens. The market also rose on hopes that China will step up monetary easing to aid the slowing economy.

  • China stocks give up early gains on fresh economic data Wednesday, 11 Mar 2015 | 3:12 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent, to 3,524.65, while the Shanghai Composite Index gained 0.2 percent, to 3,290.90 points, helped by rises in banking stocks. Among the most active stocks in Shanghai were Bank Of China, up 2.0 percent to 4.01 yuan; Agricultural Bank of China, up 0.6 percent to 3.22 yuan and...

  • SHANGHAI, March 11- China's yuan barely moved against the dollar on Wednesday as large state-owned banks were suspected to have sold dollars to support the Chinese currency, possibly on behalf of the central bank, traders said. For many years the People's Bank of China has been known to use state banks to help adjust dollar supply and demand in the domestic market...

  • MOSCOW, March 10- Russia's rouble weakened on Tuesday after a three-day holiday weekend, as the U.S. dollar strengthened and and oil prices fell. Oil remains Russia's chief export and a good guide to the rouble's behaviour. "The biggest pressure on the Russian currency comes from oil," Ivan Kopeikin, an analyst at BKS Express investment house in Moscow, wrote in a note.

  • SHANGHAI, March 10- China shares sagged on Tuesday morning as banking stocks stepped back after Monday's surge, while the mood was also soured by data showing increased factory sector deflation hurting pricing power of Chinese firms. China's key banking subindex, which jumped nearly 6 percent on Monday on expectations that lenders would soon be awarded...

  • BEIJING, March 10- China's plan to run its biggest fiscal deficit since the global financial crisis may help develop its bond market, but the extra competition for funding could sink some of the major providers of local government financing. To service China's 1.12 trillion yuan deficit for 2015, up 170 billion yuan from last year, state borrowers will also turn...

  • BEIJING, March 10- China's plan to run its biggest fiscal deficit since the global financial crisis may help develop its bond market, but the extra competition for funding could sink some of the major providers of local government financing. To service China's 1.12 trillion yuan deficit for 2015, up 170 billion yuan from last year, state borrowers will also turn...

  • SHANGHAI, March 9- China's yuan weakened against the dollar on Monday, after the central bank set its midpoint rate at the lowest level since November, which traders said signalled that monetary authorities intend to guide the currency mildly lower. Before the market opened, the People's Bank of China set the midpoint at 6.1563 per dollar, than Friday's fix at...

  • *Greece funding uncertainty in focus. *Russia central bank seen holding rates at meeting. MADRID, March 8- China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.

  • *Feb trade surplus $60.6 bln, vs f'cast of $10.8 bln. BEIJING, March 8- China's exports picked up in the first two months of 2015, propelled by February's exceptionally strong performance that was inflated by the timing of Lunar New Year, while a slide in imports pointed to persistent weakness in the economy. Data released by the General Administration of Customs...

  • A paramilitary police officer stands guard in front of red flags at Tiananmen Square in Beijing, China, on Monday, March 2, 2015.

    China's officials are turning to Japan for economic history lessons, determined to avoid the long recession and deflation that blighted its neighbor.

  • *China regulators in frequent contact with Japan on econ history. SHANGHAI/ TOKYO, March 8- Chinese regulators are turning to Japan for lessons on economic history, determined to keep the world's second biggest economy from taking the same path of recession and deflation that has blighted its neighbour for the past 20 years. Beijing views Tokyo's handling of the...

  • Gao Hucheng said on the sidelines of China's annual session of parliament that China would work hard to wrap up talks for the RCEP, or Regional Comprehensive Economic Partnership, before the end of this year. RCEP, which comprises of the 10- nation ASEAN club plus six others- China, India, Japan, South Korea, Australia and New Zealand- is a Beijing- backed trade...

  • BRASILIA, March 6- Brazil's annual inflation rate rose more than expected in February to the highest in nearly 10 years, drifting further away from the central bank's goal despite aggressive interest rate hikes and sputtering economic growth. The result, which topped even the most pessimistic of 28 forecasts in a Reuters poll, shows the unpopular shock therapy...

  • *China keeping an eye on heavily-indebted local governments. BEIJING, March 6- China will pursue an expansionary fiscal policy this year to prevent its economy from stalling, Finance Minister Lou Jiwei said on Friday as he assured investors that authorities are keeping an eye on heavily-indebted local governments. China had announced on Thursday a planned...

  • SHANGHAI, March 6- China stocks fell on Friday as investors digested comments by top officials that highlighted growth and debt challenges the country faces this year. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.5 percent on Friday, to 3,478.52, while the Shanghai Composite Index lost 0.2 percent, to 3,241.19 points.

  • SHANGHAI, March 6- China stocks were mixed on Friday morning, as investors appeared uninspired by the economic outlook presented at the country's annual parliamentary meeting, where the premier called slower growth the "new normal". "The central bank needs more monetary easing measures to spur growth," said Liu Haiying, chief economist at Shanghai- based hedge...

  • BEIJING, March 6- China must implement an expansionary fiscal policy this year to help prevent a sharp slowdown in the economy, Finance Minister Lou Jiwei said on Friday. China's economy faces pressures from a weak global recovery and domestic constraints, including the need to cut debt levels gradually, Lou told a news conference during the annual meeting of...

  • SYDNEY, Jan 7- The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept most equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan up a...

  • MUMBAI/ NEW DELHI, March 6- Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made. Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and...