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  • *Says shareholders should see Alibaba as long-term investment. HANGZHOU, China, Sept 10- Alibaba Group Holding Ltd Executive Vice Chairman Joe Tsai said on Thursday he is not thrilled that the e-commerce firm's share price is below its listing level a year ago, but is confident the company is in better shape than it was then. But Alibaba, which has shed nearly 40...

  • SINGAPORE/ TOKYO, Sept 10- The New Zealand dollar tumbled on Thursday after the country's central bank cut its benchmark interest rate and said it may ease policy further, especially if the South Pacific nation's economy is weakened by a potentially sharper downturn in China. RBNZ Governor Graeme Wheeler said a big slowdown in China's economy could have a...

  • *China inflation data has little market impact- analyst. SHANGHAI, Sept 10- China and Hong Kong stocks pulled back on Thursday morning, joining volatile regional markets after losses on Wall Street, as investors took profit following the sharp rally of the past two days. The Hang Seng China Enterprises index, which tracks Chinese companies listed in Hong Kong, also...

  • EXCLUSIVE-HNA plans China's first Islamic finance deal Thursday, 10 Sep 2015 | 12:31 AM ET

    *Geneva- based Shariah Advisory Group advising on the deals. SYDNEY, Sept 10- HNA Group, owner of Hainan Airlines, is planning the first Islamic financing deal by a mainland Chinese company, highlighting a growing push by China's private firms to find funding overseas as domestic loans remain scarce and costly. The shipping and airlines conglomerate plans to...

  • GUATEMALA CITY, Sept 9- Former Guatemalan President Otto Perez accused the United States on Wednesday of helping to topple him by interfering in the Central American country and endorsing a United Nations- backed anti-corruption commission. "Right now, we see the CICIG as an interference by the United States, which pressured most for this," Perez told CNN's...

  • China's Li says no to a currency war, urges cooperation Thursday, 10 Sep 2015 | 12:04 AM ET

    DALIAN, China, Sept 10- China will never start a currency war and countries should instead boost economic cooperation as the global economy remains sluggish, Premier Li Keqiang said on Thursday. Li told the World Economic Forum in Dalian in northeastern China that countries should not rely on quantitative easing to deal with global economic problems.

  • *Rise of China's crude futures expected to be gradual. SINGAPORE, Sept 10- China's push to establish a crude derivatives contract has been met with early skepticism, but oil executives say the country's growing economic influence means a third global crude benchmark is inevitable. And while others have tried and failed, China brings its might as the world's...

  • "I sincerely hope that the bondholders will see this report for what it is- a wake up call to come to the table," said Steven Rhodes, who handled the Detroit bankruptcy when he was a judge, and has been hired to advise Puerto Rico. But coming only 14 months before Puerto Rico Governor Alejandro Garcia Padilla is up for re-election, and given there is a skeptical...

  • VOLVO CAR GROUP CEO SAYS PLANS TO LAUNCH SECOND MODEL ON NEW COMMON PLATFORM, THE S90, AT DETROIT AUTO SHOW EARLY NEXT YEAR.

  • VOLVO CAR GROUP CEO SAYS EXPECTS CHINESE PREMIUM AUTO MARKET TO BE ROUGHLY FLAT TO UP ABOUT 2 PCT THIS YEAR.

  • GOTHENBURG, Sweden, Sept 10- Geely's Volvo Car Group expects the Chinese roll-out of its new XC90 and, next year, the S90, to drive sales through a slowdown in demand in the world's biggest auto market, its top executive said. Car sales in China have tumbled in recent months, hit by a slowing economy and slumping equities, highlighting the need among automakers of a...

  • GEELY'S VOLVO CAR GROUP CEO SAYS WON'T SACRIFICE PRICING IN FAVOUR OF VOLUMES IN FACE OF CHINESE AUTO MARKET DOWNTURN.

  • VOLVO CAR GROUP CEO SAYS HIS CONTRACT HAS BEEN EXTENDED FOR THREE YEARS.

  • *Gold retains 1.4 percent drop overnight. SINGAPORE, Sept 10- Gold languished near a four-week low on Thursday, retaining sharp overnight losses, as strong U.S. economic data and outflows from bullion-backed exchange traded funds sapped investor interest. Gold could see further weakness leading up to the Federal Reserve policy meeting on Sept. 16-17, traders...

  • SHANGHAI, Sept 10- China's yuan weakened against the dollar on Thursday in line with a weaker midpoint, while the central bank appeared to be intervening less heavily in the market via state-owned banks. "State banks sold a small quantity of dollars sporadically on Thursday, changing into mild support compared with aggressive central bank intervention over...

  • The California Employment Development Department determined that a former Uber driver in Southern California was an employee, not an independent contractor as the company has claimed, and the decision was upheld twice after Uber appealed by both an administrative law judge and the California Unemployment Insurance Appeals Board. The board's ruling came...

  • SINGAPORE, Sept 10- Chicago soybean futures were largely unchanged on Thursday with the market struggling around 6- year lows as harvest of a near-record U.S. crop and weaker Chinese demand drag on prices. Chicago Board Of Trade most-active November soybeans were almost flat at $8.72-1/ 2 a bushel by 0306 GMT, having closed down 0.8 percent on Wednesday.

  • DALIAN, China, Sept 10- China's economy faces challenges and downward pressures but there is no risk of a hard landing as the government is fully capable of supporting growth, Premier Li Keqiang said on Thursday. Li told the World Economic Forum in Dalian in northeastern China that he was confident that the government would achieve its main economic targets this...

  • *Copper prices bottom out on production cuts- AME Group. MELBOURNE, Sept 10- London copper slipped on Thursday from seven-week highs touched the previous session, as profit-taking that began in U.S. equities fed into global markets, and as more soft data on China stoked jitters over its economic growth. Other data from China in coming weeks is likely to point to...

  • *RBNZ says slow-down in China could lead to further rate cuts. WELLINGTON, Sept 10- New Zealand's central bank cut its benchmark interest rate on Thursday and said a further economic slowdown in China, the country's biggest trading partner, could lead to more rate cuts if it weakened growth in the island nation. The Reserve Bank of New Zealand cut its official cash...