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  • BEIJING, Dec 10- Modest declines in China's foreign exchange reserves can be tolerated, the foreign exchange regulator said on Thursday. Wang Yungui, head of the policy and regulation department, made the comment at a news conference hold by the State Administration of Foreign Exchange. China's foreign exchange reserves, the world's largest, fell by $87.2...

  • BEIJING, Dec 10- The heavy smog shrouding Beijing is proving to be a boon for China's nascent electric car market, with some dealers saying inquiries about all-electric models are up by almost a tenth. Beijing issued a first pollution "red alert" on Monday, and set out measures to combat the hazardous smog, including limiting the use of conventional petrol-powered...

  • Panasonic Corp shares fell 1.4 percent to a 1-1/ 2 month low during the morning session, while Nissan Motor Co Ltd slipped as much as 2.1 percent to a 5-1/ 2 week low. Bridgestone Motor Corp shares fell 1.9 percent after U.S. auto parts retailer Pep Boys rebuffed the tire maker's bid to buy the company in favor of a proposal from Carl Icahn. Department store operator...

  • *Some estimate up to $6 tln could flow to overseas stocks, bonds. SHANGHAI, Dec 10- It has taken a slump in the property market, a white-knuckle ride on local shares and a currency devaluation, but China's retail investors are finally taking a serious look at overseas stocks and bonds. In November China's foreign exchange reserves drained by their third-sharpest...

  • BEIJING, Dec 10- Targeted measures by China's policymakers have helped limit capital outflows and curb speculation in the yuan currency, the foreign exchange regulator said on Thursday. China's surprise devaluation of the yuan on Aug. 11 fueled a wave of capital outflows on fears the world's second-largest economy might be slowing more sharply than thought.

  • SHANGHAI, Dec 10- Bank of China plans to issue 8 billion yuan of securities backed by nonperforming assets, the state-owned Securities Times paper reported Thursday, citing anonymous sources. The planned securities are being rated by two domestic ratings agencies, China Bond Rating Co Ltd and China Lianhe Credit Rating Co Ltd, the paper said.

  • TAIPEI, Dec 10- Taiwan stocks fell to their lowest in more than two months on Thursday as weakness took hold of regional bourses and on uncertainty ahead of key central bank meetings next week. Pressure is building on Taiwan to cut rates again with the economy at risk of another quarter of decline in the final month of 2015.. Among actively traded shares, CTBC...

  • SHANGHAI, Dec 10- China stocks rose on Thursday as investors responded positively to a government announcement that it would shift to a U.S.-style registration system for initial public offerings within two years, a transition regulators described as being "gradual". In an apparent move to ease investors' concerns, China's securities regulator said that the...

  • SYDNEY, Dec 10- Australian employment surged by the most in over 15 years in November and nudged the unemployment rate to a 19- month low, but so stunning was the result that it revived doubts about the reliability of the data. The local dollar surged after the Australian Bureau of Statistics reported a staggering 71,400 net new jobs were created in November,...

  • SYDNEY, Dec 10- U.S. corn rose nearly 0.5 percent on Thursday to extend gains into a third session, shrugging of a U.S. Department of Agriculture forecast for bigger than expected end-of-season supplies. The USDA raised its outlook for domestic corn supplies by 25 million bushels, more than analysts were expecting, due to weakening export demand.

  • SHANGHAI, Dec 10- China's yuan weakened at open on Thursday after the central bank set the midpoint at a more than 4- year low for the second day, a sign Beijing is quietly permitting the currency to depreciate after it was included in the IMF's reserve basket. Last week, the International Monetary Fund announced that it would include the yuan in its Special Drawing...

  • MELBOURNE, Dec 10- Shanghai metals climbed on Thursday as the dollar dropped and on hopes that Beijing would step up support measures for its beleagured industrial metals sector after it cut some export tarrifs on steel. *Shanghai Futures Exchange copper rose by 0.8 percent to 35,110 yuan a tonne. *China's top aluminium smelters will meet on Thursday to discuss...

  • WASHINGTON, Dec 9- Israeli politicians and more than 370,000 Britons urged their governments on Wednesday to bar Donald Trump from their countries after the Republican presidential front-runner said Muslims should be denied entry into the United States. A major chain of Middle East department stores halted sales of the real estate mogul's glitzy " Trump...

  • SHANGHAI, Dec 10- The People's Bank of China set its official midpoint rate at 6.4236 per dollar prior to the market open on Thursday, 0.1 percent weaker than the previous fix of 6.4140. Last week, the International Monetary Fund announced that it would include the yuan in its Special Drawing Rights basket alongside the dollar, euro, pound sterling and yen, an...

  • SEOUL, Dec 10- South Korea's central bank held its policy interest rate steady at a record low for a sixth straight month on Thursday, as expected, just a few days before the U.S. The Bank of Korea's monetary policy committee held its base rate steady at 1.50 percent, a media official said without elaborating. Governor Lee Ju- yeol is due to hold a news conference from...

  • SYDNEY, Dec 10- Australian employment surged by the most in over 15 years in November and nudged the unemployment rate to a 19 month-low, but so stunning was the result that it revived doubts about the reliability of the data. The local dollar surged after the Australian Bureau of Statistics reported a staggering 71,400 net new jobs were created in November,...

  • SHANGHAI, Dec 10- Yao Gang, vice chairman of the China Securities Regulatory Commission, was removed from his post following an inquiry into "serious breaches of discipline," first announced in November, the state news agency Xinhua reported Wednesday. The Central Commission for Discipline Inspection, the ruling Communist Party's anti-graft watchdog,...

  • WELLINGTON, Dec 10- New Zealand's central bank said on Thursday it was satisfied with the current monetary policy agreement with the government which sets the bank's inflation target.

  • Crude inventories fell 3.6 million barrels in the week to Dec. 4, compared with analysts' expectations for an increase of 252,000 barrels, U.S. Energy Information Administration data showed. U.S. crude futures were at $37.40 per barrel at 0106 GMT, up 24 cents from their last settlement, but still not far off this week's seven-year lows below $37 per barrel.

  • SEOUL, Dec 10- South Korea's central bank held its policy interest rate steady at a record low for a sixth straight month on Thursday, as expected, just a few days before the U.S. The Bank of Korea's monetary policy committee held its base rate steady at 1.50 percent, a media official said without elaborating. Governor Lee Ju- yeol is due to hold a news conference from...