BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February, according to an official survey released on Sunday, only hours after the Chinese central bank cut interest rates to try to boost slowing momentum. A housing slump, erratic export performance and a state-led slowdown in investment to help restructure...» Read More
*Investors look past possible OPEC output cut. Comments from OPEC's secretary general last week that the group could cut output next year buoyed Brent on Friday, but investors' attention turned back to the gloomy economic outlook in Europe and China which has curbed oil demand.
HONG KONG, Sept 22- Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.
*Nikkei heavyweight Softbank falls on profit-taking after Alibaba. TOKYO, Sept 22- Japan's Nikkei share average dropped on Monday as investors booked gains in heavyweight Softbank after the listing of Alibaba Group Holding Ltd, but the broader market held firm near six-year high.
TOKYO, Sept 22- Asian shares skidded on Monday as investors awaited data this week that could provide more evidence of a slowdown in China, while the dollar gave back a little of its recent gains. Mitul Kotecha, head of FX strategy Asia-Pacific for Barclays in Singapore, said in a note to clients.
ULTRASONIC AG CEO TELLS CHINESE NEWS OUTLET SINA HE DID NOT ABSCOND WITH MONEY, COMPANY'S FINANCIAL SITUATION "NORMAL".
FRANKFURT, Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America.
SINGAPORE, Sept 22- London copper futures slipped for a third session on Monday as the dollar firmed on the likelihood of a U.S. interest rate hike and investors fretted over China's slowing economic growth. This week's focus will be on China's flash manufacturing PMI reading on Tuesday, as fears over the outlook for country's economy mount.
Sept 21- New York's insurance regulator is investigating sales of one of the fastest growing products in the life insurance industry, know as indexed universal life, according to a letter reviewed by Reuters on Sunday.
SINGAPORE, Sept 22- Gold was stuck near its lowest since January on Monday on fears that a stronger dollar and an earlier-than-expected hike in U.S. interest rates would dim the metal's appeal. Silver was trading close to a four-year low, while platinum fell to its lowest since December.
SINGAPORE, Sept 22- U.S. crude futures steadied above $92 a barrel on Monday ahead of the contract's expiry after losses in the prior session fueled by ample supplies and the dollar's strength. *Brent November oil dropped 33 cents to $98.06 per barrel.
Sept 22- Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion, in a move that would significantly boost the German company's oil and gas business in North America.
TOKYO, Sept 22- The dollar hovered near six-year highs against the Japanese yen on Monday, underpinned by expectations the world's biggest economy will see the start of its rate-tightening cycle sooner-than-expected.
President Barack Obama has ruled out a combat mission, but military officials say the reality of a protracted campaign may require US troops.
SHANGHAI, Sept 22- Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct competition with its premium brand Audi.
HONG KONG, Sept 22- Short-sellers who profit from stock price declines have resumed targeting Chinese companies after a three-year lull, but many of the researchers who instigate the strategy are now cloaked in anonymity, shielding themselves from angry companies and Beijing's counter-investigations.
A national survey says the average price of a gallon of regular gasoline has dropped another 9 cents over the last two weeks, to $3.37.
Sept 21- U.S. private equity group Blackstone Group LP is "giving up on Russia", highlighting how even well-connected Western investors are turning away from the country, the Financial Times reported on Sunday.
The young-adult adaptation "The Maze Runner" raced to the top of the box-office with $32.5 million.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
Sept 21- U.S. private equity group Blackstone Group LP is "giving up on Russia", highlighting how even well-connected Western investors are turning away from the country, the Financial Times reported.