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  • BEIJING, Feb 4- China expects to see a surplus in its current account and a deficit in the capital and financial account in 2016, the country's foreign exchange regulator said on Thursday. In the online Q&A document, SAFE said cross-border capital flow risks were controllable in 2016, while China's foreign exchange reserves, the world's largest, remained...

  • TOKYO, Feb 4- Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said- paving the way for the biggest acquisition by a foreign company in Japan's insulated tech sector. That was more than double the amount proposed by a state-backed fund, the Innovation Network Corp of Japan.

  • STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.

  • *Hacking attacks on China firms increasingly common. BEIJING, Feb 4- Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd's Taobao e-commerce website using Alibaba's own cloud computing service, according to a state media report posted on the Internet regulator's website. In the latest case, hackers obtained a...

  • LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...

  • *Europe shares follow Asia higher, focus on commodity firms. LONDON, Feb 4- Stocks advanced in Europe and Asia on Thursday, with the focus on energy companies as speculation U.S. interest rates may not rise at all this year left the dollar nursing hefty losses and oil held most of the previous day's big gains. Brent, the global benchmark, dipped 5 cents to $34.99 a barrel,...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...

  • WARSAW, Feb 4- Poland has decided to scrap the $3 billion deal for 50 Airbus utility helicopters and will buy only a few aircraft from the European company, the daily Rzeczpospolita reported on Thursday citing defence sources. The move, coming months before a NATO summit in Warsaw where Poland is expected to seek more allied presence on its territory, could strain...

  • RABAT, Feb 4- Abnormally dry weather across North Africa is threatening to become another financial headache for Morocco and neighbouring Tunisia and Algeria, just as each seeks to spur more economic growth and cut public spending. Rising food import costs would come at a delicate time, as Morocco faces protests over austerity measures, Tunisia struggles to...

  • BEIJING, Feb 4- China posted a preliminary current account surplus of $84.3 billion in the fourth quarter of 2015 and a deficit of $84.3 billion on its capital and financial account, the country's foreign exchange regulator said on Thursday.

  • SHANGHAI, Feb 4- China's foreign exchange regulator on Thursday relaxed foreign currency management rules under the Qualified Foreign Institutional Investor scheme, in an effort to further open the domestic capital market. The upward investment limit for QFIIs would be raised, while the quota approval procedures would be simplified, the State...

  • FRANKFURT, Feb 4- The risk of acting too late on ultra-low inflation is greater than that of acting too early, European Central Bank President Mario Draghi said on Thursday, suggesting more policy easing may be needed. Adopting a wait-and-see stance because of the oil price shock and letting low inflation become entrenched would erode long-term expectations...

  • DUBAI, Feb 4- An investment firm led by one of Dubai's top businessmen, Mohamed Alabbar has agreed to buy a controlling stake worth $1.7 billion in Kuwait Food Co, from Kuwait's al-Kharafi family. Americana, which owns the Middle East franchises for popular fast food chains KFC and Pizza Hut as well as producing a range of branded consumer foods for markets...

  • ISLAMABAD, Feb 4- The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded in 2013, though the disbursement still requires IMF board approval. Once the latest disbursement is made the IMF will still have to release $1.1 billion of the total $6.7 billion...

  • *Underlying Q4 earnings 822 mln euros; forecast 765 mln. AMSTERDAM, Feb 4- ING, the Netherlands' largest bank, reported better than expected fourth-quarter earnings on Thursday and sought to calm worries about its exposure to oil industry lending that led to a 20 percent fall its share price in January. Chief Risk Officer Wilfried Nagel told reporters ING had 4.8...

  • LONDON, Feb 4- European equities bounced back in early trading on Thursday, with commodities-related shares surging after a sharp decline in the U.S. currency that made dollar-priced crude oil and metals cheaper for holders of other currencies. The dollar fell heavily after New York Fed President William Dudley said financial conditions were considerably...

  • *BOJ board members told of negative rate plan days before meeting. TOKYO, Feb 4- Just days before the Bank of Japan stunned financial markets with its radical adoption of negative interest rates, members of the central bank's own policy board had also been taken by surprise by the move. That would be in keeping with the single-minded style of central bank Governor...

  • BEIJING, Feb 4- Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd's Taobao e-commerce website using Alibaba's own cloud computing service, according to a state media report posted on the Internet regulator's website. Analysts said the report from The Paper led to the price of Alibaba's U.S.-listed shares...

  • Feb 4- Hong Kong stocks rose on Thursday as energy shares surged on a rebound in oil prices, while an overnight tumble in the U.S. dollar eased fears of capital outflows. The Hang Seng Index rose 1.0 percent, to 19,183.09, while the China Enterprises Index gained 1.5 percent, to 7,974.40 points. An index trading energy plays jumped 4.6 percent, aided by sharp rises in...