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  • BEIJING, Jan 7- The new yuan midpoint pricing mechanism launched in August has achieved the anticipated result and the midpoint will be more market-oriented in the future, the China Foreign Exchange Trade System said on Thursday.

  • *Commodity currencies hit hard on China worries. *Uncertainty on China policies worries investors. LONDON, Jan 7- The yen rose to its highest against the dollar in more than four months on Thursday as investors looked for a haven after China guided the yuan aggressively lower, fuelling fresh anxiety about its economy and its policy intentions.

  • *Barclays, BNP Paribas, Deutsche likely to cut jobs- sources. *Barclays likely to add to S.Korea, Taiwan cuts- sources. Bankers and headhunters told Reuters that BNP Paribas SA, Deutsche Bank AG and Barclays PLC are among lenders likely to cut back equities trading and research teams in non-core markets in Asia this year.

  • Jan 7- Hong Kong's benchmark stock index fell to its lowest since mid-2013 on Thursday, as panic from China's 7 percent market free-fall spilled over the border. China's benchmark CSI300 index collapsed 7 percent after less than 30 minutes of trading, triggering the circuit breaker mechanism that halted share transactions for the day. The tumble in China was...

  • *China stocks suspended after falling 7 pct early on. MELBOURNE, Jan 7- London copper hurtled towards nearly seven-year lows on Thursday, after China's stock markets tumbled limit down in early trade, fuelling concerns about the demand for industrial metals in the world's second biggest economy. "The two biggest pressures on metals are coming from the Chinese...

  • LONDON, Jan 7- European shares fell sharply on Thursday after China accelerated the depreciation of the yuan, sending currencies across the region reeling and domestic stock markets tumbling. Germany's DAX declined 1.4 percent, while Britain's FTSE 100 weakened by 1.6 percent. Investor sentiment is very fragile at the moment, "said Terry Torrison, managing...

  • SINGAPORE, Jan 7- Oil prices tumbled over 5 percent to levels not seen since the early 2000 s on Thursday as a sliding yuan and a second emergency halt in China's stock trading this week left Asian markets in turmoil. Mirroring the weakness across financial markets, the global benchmark Brent fell over 5 percent and around $2 per barrel to a low of $32.16 per barrel, a...

  • JGBs gain on risk aversion, yields at 1-year low

    TOKYO, Jan 7- Japanese government bond prices gained for the fourth straight session on Thursday, as concerns over Chinese share markets caused investors to flock to the safety of government bonds. The 10- year JGB futures price rose 0.06 point to 149.23, hitting a record high of 149.28 at one point. Signs that the global manufacturing sector is still suffering...

  • BERLIN, Jan 7- Healthy domestic demand fuelled a bigger-than-expected rise in German industrial orders in November, data showed on Thursday, providing further evidence that Europe's biggest economy gained momentum at the end of last year. "This shift of the German economy towards more domestic activity is probably the theme of 2015," said ING Bank analyst...

  • UPDATE 1-M&S CEO Marc Bolland to retire in April

    LONDON, Jan 7- Marc Bolland will step down as the boss of Marks& Spencer in April, bringing an end to six difficult years at the British retailer following yet another poor Christmas trading. The 132- year-old stalwart of Britain's shopping streets said on Thursday that Bolland had informed the board he would go in April and the firm has appointed Steve Rowe, the...

  • LAS VEGAS, Jan 6- Mobileye NV wants to convince automakers that join its project to create crowd-sourced maps to share their data, creating a constantly updated, global digital map to guide self-driving cars, Chairman and Chief Technology Officer Amnon Shashua said Wednesday. The announcement sent Mobileye shares up sharply Wednesday. On Thursday, the U.S....

  • *China's market turmoil weighs on Brent. SINGAPORE, Jan 7- Brent crude prices tumbled over 4 percent to levels not seen since April 2004 on Thursday as as a sliding yuan and a second emergency halt in China's stock trading this week left Asian markets in turmoil. China's stock markets were suspended for the rest of the day, less than half an hour after opening, as a new...

  • M&S CEO Marc Bolland to retire in April

    LONDON, Jan 7- British retailer Marks& Spencer said on Thursday its Chief Executive Marc Bolland would retire in April after six years in the role and be succeeded by Steve Rowe, the current head of its non-food business. The firm said Bolland will remain CEO and on the board until the end of the current financial year on April 2 2016.. M&S announced the news as it...

  • LONDON, Jan 7- European equity futures fell sharply on Thursday after China accelerated the depreciation of the yuan, sending currencies across the region reeling and domestic stock markets tumbling. Futures on Britain's FTSE 100 fell 1.9 percent. The People's Bank of China again surprised markets by setting the official midpoint rate on the yuan, also known...

  • *Unknown risk about China hurts market- traders. TOKYO, Jan 7- Japanese stocks tumbled on Thursday for a fourth day after China's central bank weakened the yuan- sparking a sharp strengthening of the yen and rattling investors already on edge over geopolitical tensions. The dollar dropped as much as 0.7 percent to 117.66 yen, a level last seen in late August,...

  • *Investors in parent Deutsche Telekom express concern. FRANKFURT/ NEW YORK, Jan 7- Deutsche Telekom is facing growing pressure from investors and lawmakers to ensure proper treatment of workers at its American business T-Mobile US. Two major investors in Deutsche Telekom have expressed concern to the company about the treatment of T-Mobile employees,...

  • NEW DELHI, Jan 7- The Indian government said on Thursday it agreed to accept demands set by the opposition Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next...

  • A Range Rover Sport SUV on the production line at car manufacturing plant in Solihull, U.K.

    The previous record for registrations in Britain was set in 2003 when 2.58 million new cars were sold.

  • SHANGHAI, Jan 7- Hong Kong's main stock indexes touched their lowest since mid-2013 on Thursday, as panic from China's 7 percent market free-fall spilled over the border. China's benchmark CSI300 index slumped 7 percent after less than 30 minutes of trading, triggering the circuit breaker mechanism that halted share transactions for the day.

  • NEW YORK, Jan 7- Wall Street has started the new year where it ended 2015, with a host of factors unnerving investors. It may get worse before it improves: shares still are pricey and investors who say they can't calibrate geopolitical woes such as a weakening China and a North Korean hydrogen bomb test are sticking to the sidelines for now. The average stock in the...