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  • BEIJING, May 2- A surge of new loans granted in China over the first quarter does not mean the country is about to embark upon another massive economic stimulus program, the official Xinhua news agency said in a commentary on Monday. China last month posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery in factory...

  • SEOUL, South Korea— European shares rose on Monday despite a poor start for the week in Asia, where the Tokyo benchmark fell more than 3 percent as investors registered their disappointment over the lack of new stimulus from Japan's central bank. Britain's FTSE 100 was closed for a bank holiday. JAPAN'S MALAISE: The Bank of Japan's policy meeting on Thursday...

  • LAUNCESTON, Australia, May 2-- It's sometimes tempting to take a Western view of China and conclude that Beijing's attempts to limit speculation in commodity futures in order to prevent price bubbles are ill-advised and ultimately doomed to failure. It's likely that market participants schooled in the Western ethos of light-touch regulation will balk at...

  • *Several other foreign banks have cut China exposure recently. HONG KONG, April 30- American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG is offering 740 million PICC P&C shares in an indicative price range of HK $13.06-...

  • SHANGHAI, April 29- Liu Shiyu, China's new securities regulator, faces his first big test as markets watch how he handles a speculative bubble in commodities futures exchanges. Liu's predecessor lost his job earlier this year over his mishandling of China's months-long stock market rout. Liu was appointed in February to head the China Securities Regulatory...

  • *Commodity market fundamentals have not improved yet. LONDON, April 29- The rapid speculative rally in commodity markets is already petering out as focus returns to oversupplied markets, but dipping into a few choice assets could yield strong returns later this year. "Fundamentals haven't improved yet, supply and demand haven't balanced out," said Standard Life...

  • *Fallout may be limited in Asia, automaker's biggest market. TOKYO, April 29- Mitsubishi Motors' market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages. "This creates an environment where inertia is the norm, which...

  • SHANGHAI, April 29- With a nod from Beijing, China's local governments have embarked on a massive new round of off-balance sheet debt financing, underpinning a fragile pick up in the economy but raising red flags on financial stability. Economists say increasing public sector investment- most of it financed locally with debt- is behind improvements in China's...

  • SHANGHAI, April 29- With a nod from Beijing, China's local governments have embarked on a massive new round of off-balance sheet debt financing, underpinning a fragile pick up in the economy but raising red flags on financial stability. Economists say increasing public sector investment- most of it financed locally with debt- is behind improvements in China's...

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. Big bets on Chinese commodities...

  • BEIJING, April 29- China's police have arrested the former general manager of CITIC Securities and several other executives from the brokerage, the official Xinhua news agency reported on Friday, citing the police department of Qingdao city, in eastern Shandong province. Cheng Boming, who used to head China's largest securities firm, was suspected of being...

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. In response, the exchanges in...

  • *Sentiment in Hong Kong hit by slump in Japan stocks. Hong Kong shares dropped over 1 percent as sentiment was soured by a tumble in Japanese stocks, after the Bank of Japan disappointed markets by electing not to expand monetary stimulus on Thursday. China's blue-chip CSI300 index dipped 0.04 percent to 3,159.46 points by lunch break, while the Shanghai...

  • SHANGHAI, April 29- The yuan lost some of its early gains against the dollar on Friday, as state-owned banks appeared to withhold offering dollar liquidity in the face of strong corporate demand and buying from market players taking profits, traders said. The People's Bank of China set the midpoint rate at 6.4589 per dollar prior to market open, 0.57 percent...

  • *But prices capped by China's move to curb speculative trading. SINGAPORE, April 29- London copper rose for a second session on Friday, with prices underpinned by a weaker dollar and expectations of economic recovery in the world's top consumer China. "It is mainly dollar weakening which is driving base metals higher," said Helen Lau, analyst at Argonaut Securities...

  • SINGAPORE, April 29- London copper edged lower on Friday, with the market on track for a weekly decline on negative sentiment after China moved to clamp down on speculative trading. *The most-traded copper contract on the Shanghai Futures Exchange added 0.5 percent to 37,430 yuan a tonne. *In response, commodity futures exchanges in Dalian, Shanghai and Zhengzhou...

  • *China healthcare deals tripled to more than $50 bln. *Impact of Beijing push for' Made in China' drug sector. SHANGHAI, April 29- Armed with Beijing funds and friends in the right places, Chinese drug minnows are thriving, luring money from' Big Pharma' majors struggling to restore the strong growth they once enjoyed in the world's second-largest medicine market.

  • *Follows surge in commodities futures prices. HONG KONG, April 29- China's securities regulator ordered the country's major commodity futures exchanges this week to control speculative trading activity, sources told Reuters, after a surge in prices sparked fears of a boom-and-bust cycle. In response, commodity futures exchanges in Dalian, Shanghai and...

  • LONDON, April 28- Everyone's talking about Chinese speculators. Both the Shanghai Futures Exchange and the Dalian Exchange are upping margin requirements and transaction fees to try and calm overheating contracts such as steel rebar and iron ore. But the current trading frenzy shouldn't distract from the growing global influence of China's domestic...

  • BEIJING, April 28- China Eastern Airlines on Thursday placed an order for 35 wide-body jets from Boeing Co and Airbus Group, as the Shanghai- based carrier continues to build its long-haul fleet amid the country's outbound travel boom. Chinese airlines are adding flights to New York, Paris and Sydney from inland cities, while opening new routes to smaller cities...